Golden Minerals Announce their Initial Rodeo Drilling ResultsBy Lorenzo Núñez | Fri, 06/11/2021 - 16:17
Golden Minerals has just received their Positive Initial Results from their Expansion Drilling program at the Rodeo Gold-Silver Mine located in Durango.
In March of 2021, the company announced that they were beginning a program encompassing approximately 2,000 meters of exploration drilling at selected near-surface targets located adjacent to the current open pit, as well as additional near-site surface targets. The purpose of the program being conducted is to determine the possible life extension of the Rodeo mine from its estimated two and a half years. To date, the exploration program has drilled 606 meters through the first ten holes.
“We are pleased with the first results of the near-pit exploration drilling program, as these intercepts indicate that we should be able to expand the currently modelled high-grade zone to the north. The intercept in hole 10 is a newly discovered zone that is open up and down dip and to the northwest. These encouraging results demonstrate that the current pit can likely be expanded with additional drilling which could lead to an increase in the life of mine.” Stated Warren Rehn, President and Chief Executive Officer of Golden Minerals.
The Rodeo Mine Project
The Rodeo Mine is a gold-silver open pit mine located in Durango, Mexico. As reported by Mexico Business News in February, the company had announced that they have poured the first 150 gold equivalent oz from its Rodeo mine. The pour occurred on January 30, 2021, and the first loads were trucked from the Rodeo site to the Company’s Velardeña oxide plant for processing. The first pour produced approximately 150 gold equivalent ounces.
“This first pour represents a tremendous milestone for Golden Minerals. Not only have we brought Rodeo online amidst the many challenges presented by COVID-19, but we have brought it to production both on time and on budget. I’d like to extend my heartfelt thanks to all our employees and business partners who helped us achieve this milestone,” said Warren Rehn.