Re: Drilling prospects aren't in the forecast
in response to
by
posted on
Jul 30, 2011 07:40PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
We have some concrete information though. So far we know the following:
April 5th, 2011:
Table 1: Intercepts of drill hole SJ-08-21
|
||||||
Gold (g/t) |
Silver (g/t) |
Lead (%) |
Zinc (%) |
Silver Equivalent (g/t) |
Core Length (m) |
|
M-S Vein 1 | 3.66 | 295 | 7.87 | 12.07 | 1.100 | 12.04 |
M-S Vein 2 |
7.90 | 550 | 11.25 | 27.68 | 2.180 | 1.75 |
Note: Silver and gold equivalents are calculated based on current commodity at time of original press release dated July 9, 2008.
July 20, 2011
"The company is also deepening the hole to intersect the massive sulphides zone below the Santa Juana mine. The hole is now at 900 metres, nearly 80 metres deeper than the original intercept and is now cutting marbles similar to those enclosing the massive sulphides in the first hole."
So far we have 80 meters of very rich sulphide veins between 800 and 900 m. I guess we have to go deeper to see if they widen, but these veins by themselves are pretty impressive.
Does anyone know how deep they will be going during this round of drilling?