We own or control a portfolio of approximately a dozen precious metals projects located in or around the principal silver belt of Mexico, in Argentina and in Nevada (USA). Properties and projects include the Velardeña Properties (Durango State, Mexico), the El Quevar district-scale silver project (Salta Province, Argentina), the Sand Canyon gold-silver project (northwestern Nevada), and the Rodeo gold project (Durango State, Mexico).
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El Quevar is a district-scale, advanced exploration-stage silver project for which we have recently released drill results (2019) and a positive PEA (2018).
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Velardeña contains two underground silver and gold mines and two processing mills, one of which is leased to Hecla Mining Company and currently provides $4-5M operating margin per year to Golden. Testing is underway to validate earlier studies & complete current studies utilizing a bio-oxidation gold recovery process -- a process that would be new to Velardeña. A PEA is underway with results anticipated in early 2020.
Santa Maria is an underground silver and gold mine with a recent positive PEA, low capital cost, and a potential source of near-term production. In October 2019, Golden entered into an option agreement with Magellan Gold to potentially sell its interest in the property to Magellan for $4M plus a royalty stream.
Rodeo is a gold project located near our Velardeña Properties that is a source of potential open-pit minable ore for Velardeña’s oxide mill (after the Hecla lease ends). Golden intends to initiate a small drilling program at Rodeo in early 2020 to provide greater resource definition for a mine plan and to provide samples for additional metallurgical testing. Additionally, a PEA is in progress.
Yoquivo is a district-scale silver and gold exploration project with historic high-grade silver production. Our claims cover an underexplored epithermal precious metals district with excellent access in the productive part of the Sierra Madre.
We have recently added the Sand Canyon gold-silver project in Nevada to our portfolio of properties. We also own or control additional silver and gold properties located in or near the traditional silver-producing areas of Mexico.