Golden Minerals Releases Silver Resource Estimate at Velardena

- May 18th, 2012

Golden Minerals Company (AMEX:AUMN) announced the results of a mineral resource estimate at the Mexico-based Velardena property.

Golden Minerals Company (AMEX:AUMN) announced the results of a mineral resource estimate at the Mexico-based Velardena property.

As quoted in the press release:

The measured and indicated resource at Velardeña is 2.3 million tonnes at grades of 3.46 grams per tonne of gold and 195 grams per tonne of silver which at a 50:1 gold to silver equivalent ratio totals 27.6 million ounces. Previous estimates had greater tonnes at significantly lower grades and slightly higher total ounces.

Click here for the Golden Minerals Company (AMEX:AUMN) press release.

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