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To: Goose94 who wrote (14686)	11/2/2015 12:04:06 PM
From: Goose94	Respond to of 203330

AUM-T new 52 week low.

To: Goose94 who wrote (14686)	11/16/2015 7:53:47 AM
From: Goose94	Read Replies (1) \| Respond to of 203330

Golden Minerals (AUM-T) Nov 16, '15 announced today that it has acquired the mining rights for the Santa Rosa vein in the San Luis del Cordero Project in Durango State, Mexico, pursuant to an exploration and exploitation agreement signed with the wholly-owned Mexican subsidiary of Prospero Silver ( PSL-V) The Santa Rosa vein is approximately two meters wide and as currently defined extends for about 400 meters on strike. In its October 1, 2014 NI 43-101 Report on the Initial Resource Estimate for the San Luis del Cordero Project, Prospero reported Santa Rosa vein indicated and inferred resources as at October 1, 2014 totaling approximately 31,000 tonnes and 218,000 tonnes, respectively, with grades of approximately 825 and 715 grams per tonne silver, and stated that the vein remains open along strike to the west. Records show that the Santa Rosa vein has been mined previously to a depth of about 100 meters and can be partially accessed from the historic underground workings. Golden Minerals plans to commence drilling in early 2016, once permits are received, to test extensions of the Santa Rosa vein on strike and to complete infill drilling. The Company's objectives are to increase the size of the resource and to upgrade inferred resources to measured and indicated resource categories. The Company expects to issue an NI 43-101 resource estimate and a preliminary economic analysis in 2016. The preliminary results from the Company's initial metallurgical testing of material from the Santa Rosa vein indicate that the material is suitable for concentration by flotation. If the results of its exploration and metallurgical work are successful, the Company could mine the vein from the existing underground mine following completion of certain rehabilitation and access projects. The Company would use primarily mining equipment from its shut down Velardena operation and truck mined material less than 100 kilometers on paved roads to its recently idled Velardena sulfide mill for processing. The Company may require external funding to fund capital and working capital costs associated with mining the Santa Rosa vein, preliminarily estimated at approximately $6.0 million. Under its agreement with Prospero, Golden Minerals paid Prospero $140,000 on signing and is required to pay $100,000 annually until production begins. The Company must complete a minimum of 2,000 meters of drilling within the next 18 months and commence mining and processing activities within three years. Once mining and processing begin, the Company is required to pay Prospero 15% of net proceeds from the sale of concentrates from the property as defined in the agreement and an underlying 2% net smelter return royalty to a third party. The Company is responsible for all of the costs of exploration, preparation for mining, mining, processing and sales, for which it receives credit in the net proceeds calculation. Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, "We are excited at the potential of the high-grade Santa Rosa vein to provide near-term feed for our sulfide mill at Velardena and look forward to getting underway with drilling in early 2016 as soon as we receive the necessary permits." Review by Qualified Person The October 1, 2014 NI 43-101 Report on the Initial Resource Estimate for the San Luis del Cordero Project was prepared by Terence Wesley Hodson, P.Geo., of Hodson Geological Ltd., the Qualified Person for this report pursuant to Canadian National Instrument 43-101. The technical information in this press release has been reviewed by Warren M. Rehn, M.Sc., a Qualified Person pursuant to Canadian National Instrument 43-101. Mr. Rehn is President and Chief Executive Officer of Golden Minerals. About Golden Minerals Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on acquiring and advancing mining properties near its Velardena processing plants and the exploration of properties in Mexico and Argentina. For additional information please visit http://www.goldenminerals.com/ or contact: Golden Minerals Company Karen Winkler Director of Investor Relations (303) 839-5060 Investor.relations@goldenminerals.com