Golden Tag Initiates Exploration Program to Unlock Value on 100% Owned San Diego Project
Toronto, Ontario, October 15, 2020: Golden Tag Resources Ltd. (“Golden Tag” or the "Company") (TSX.V: GOG) has initiated plans to unlock organic value through a diamond drill exploration program on the Company’s 100% owned San Diego Project, one of the largest undeveloped silver projects in Mexico.
Key Highlights:
Diamond drill exploration program of approximately 4,500 metres, planned to commence early November 2020, subject to COVID restrictions
Exploration focus will be resource expansion of the existing compliant mineral resource block model zones
Exploration Manager, Rafael Puente, added to the team in Mexico
Greg McKenzie, President and CEO commented, "We are excited to commence exploration on the Company’s 100% owned San Diego Project, host to one of Mexico’s largest undeveloped silver deposits and a prime candidate for resource expansion. San Diego is located in a highly prospective geologic setting, approximately 2 kilometres northeast of the Peñoles El Cobre Project, which has nearly 100 drill pads and recently moved into the engineering phase with optimization studies underway.
After an extensive search of candidates, we would like to welcome Rafael Puente onboard as Exploration Manager, Mexico."
2020 Exploration Program at the San Diego Project
The 2020 exploration program will consist of approximately 4,500 metres of diamond drilling in 10-12 holes focussed on expanding mineral resources in the Fernandez, 1849, Arroyo and Trovador Zones (Figure 1). The drill program will commence in early November 2020, subject to restrictions from COVID and mobilization of the drill company.
Additions to Regional Technical Team
The Company has added Rafael Puente as Exploration Manager, Mexico to the technical team. Mr. Puentes is an accomplished geologist with over 17 years of experience working in similar roles with companies such as Argonaut Gold, Primero Mining, Cerro Resources, Kings Minerals, and Great Panther Resources. The Company has issued to Mr. Puente 200,000 stock options, each of which may be exercised to purchase one common share of the Company at an exercise price of $0.36.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release