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
Completing initial ~2,500-meter drill program Nov. 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. The project sits at elevations between 3,550-3,750 meters above sea level.
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 are finishing a 2500-meter core drilling program in 10 holes on the Sarita Este property, with the last hole in progress at the time we released our Third Quarter 2021 financial results. 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. We expect to release data for those holes completed and our plans for continuing exploration at Sarita Este in the fourth quarter 2021.