Salta Province, Argentina
Gold-copper exploration project located near First Quantum’s Taca Taca project
Option to acquire 51% from Cascadero Minerals Corp.
Current Activities & Work
Began initial ~3,000-meter drill program June 2021
Drill permit received
Sarita Este is a gold-copper exploration project located in northwest Salta Province, Argentina, near First Quantum’s Taca Taca project.
Golden Minerals holds an option to acquire 51% of the Sarita Este concession from Cascadero Minerals Corporation. The agreement was signed in December 2019 and calls for Golden to spend at least $0.3 million in exploration expenditures and complete a 2,000 meter drill program by the end of 2021, another $0.5 million by the end of 2022, and another approximately $1.6 million by 2023 for a total $2.5 million.
We began an approximate 3,000 meter drill program on the Sarita Este property in June 2021 and have as of early August 2021 completed approximately 1,000 meters of diamond drilling in five holes. We are targeting a copper porphyry system with some similarities to Taca Taca in the northeast portion of the Sarita Este claim at the Kachi target and a high sulfidation gold-silver system in the southern portion of the concession at the Sico target. To date, one hole to 400 meters depth was completed in the copper target with a second hole now underway. Three holes each to approximately 150 meters depth have been drilled in the gold-silver target. We expect to release data for those holes completed and our plans for continuing exploration at Sarita Este later in 2021.