Golden Minerals Options Nevada Gold-Silver Exploration Project

GOLDEN, CO - Golden Minerals Company has entered into an earn-in agreement with Golden Gryphon Explorations for the Sand Canyon project in northwestern Nevada, where surface work has identified a large unexplored system of veins. The project consists of 527 claims totaling approximately 16 square miles. It is located 50 miles northwest of Winnemucca and 18 miles northwest of the historic Sleeper Gold Mine that was operated by Amax Gold Inc. and produced approximately 1.7 million ounces of gold and 2 million ounces of silver between 1986 and 1996. Initial sampling and mapping conducted by Golden Gryphon and confirmed by Golden Minerals have identified multiple sets of epithermal veins on the property exposed at a high level and generally trending north to slightly northeast.

Warren Rehn, President and Chief Executive Officer, said, “Sand Canyon is an exciting prospect that hasn’t been drilled despite being located in an area of several major modern gold mines. We are optimistic about the strength of the epithermal system that is expressed at surface by clear geochemical anomalies associated with high-level quartz veining and breccias. This is an excellent exploration-stage project with multiple targets that appear to be similar in surface expression to the discovery outcrops related to the Sleeper Mine. We anticipate moving rapidly through the targeting stage and expect to begin drill testing late this year. I am quite pleased to be exploring in Nevada again, particularly at this highly prospective property.”

The company’s address is 350 Indiana Street, Golden, CO 80401, (303) 839-5060, www.goldenminerals.com.