Golden Minerals provided positive results from a recent drill program at El Quevar, located in the Salta Province of northwestern Argentina. The program included 16 core holes totaling approximately 2,400 meters. The company has received results from drill hole QVD-378 located one kilometer east of the previously defined Yaxtche deposit. The intercept is located along the Yaxtche mineralized trend and may represent a significant extension of the deposit. More drilling is needed to establish the continuity and grade, both laterally and to depth. The company has also received positive results from a drill hole which is a 475 meter step out along the Quevar North structure that hosts the previously-described Sharon target, located approximately 5 km north of the Yaxtche deposit. The true width is not definitive although the core appears to cut mineralized structures at a high angle, indicating that true widths are approximately 70%-90% of observed thicknesses. The company believes the mineralized zone at Quevar North to be similar in structural control to the Yaxtche zone.
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