Golden Minerals Announces the Sale

Golden Minerals Announces the Sale of Platosa Property

Golden Minerals Company announced the sale of the Company’s remaining 49% joint venture interest in the Platosa property to Excellon Resources Inc. (“Excellon”), for US $2.0 million in cash and a 1% net smelter return royalty. Previous agreements between the Company and Excellon, including a 2% net smelter return royalty previously granted, were terminated in this transaction. Definitive agreements have been executed, titles to the claims have been transferred and the US $2.0 million cash payment has been made by Excellon.

The Platosa property is located approximately 45 kilometers north of Torre?n, Mexico, outside of Golden Minerals Zacatecas project and the Company’s strategic area of interest. The Company’s Zacatecas Project, which encompasses about 15,000 hectares and currently includes four main target areas, is about 250 kilometers southeast of the Platosa property.


Selwyn Resources Options Vinata Property, Mexico and Plans Drilling
Selwyn Resources Ltd. announce that it has reached agreement with Savant Explorations Ltd. to acquire an interest in its Vinata Property located in the state of Chihuahua in north central Mexico. The acquisition agreement grants Selwyn an option to acquire an initial 50% interest in the Vinata Property, and upon exercising of that option, a second option for Selwyn to increase its interest to 55% by making additional expenditures. Selwyn and Savant are planning a USD$450,000 drilling program to commence in late September to test several prime targets for high grade silver-zinc-lead mineralization. The acquisition of an interest in the Vinata Property by Selwyn is subject to receipt by the parties of required regulatory approvals and to completion of final documentation.

The acquisition provides Selwyn shareholders with exploration activity at a time when Selwyn’s large scale zinc-lead Selwyn Project is focused largely on environmental assessment and engineering activities related to the evaluation of development alternatives. Selwyn remains clearly focused on the development of the Selwyn Project but believes that shareholders would benefit from successful exploration activity on the Vinata Property.

The Vinata Property is located in north central Mexico in the prolific Central Mineral Belt that hosts numerous very large silver-zinc-lead mining districts at Bismark, Cinco de Mayo, Santa Eulalia, Naica, San Martin and Fresnillo. The Vinata Project is seen as providing Selwyn an exciting opportunity to participate in the exploration for a new major silver-zinc-lead deposit along trend with the Santa Eulalia and Naica mining districts. Collectively these two mining districts have produced more than 750 million ounces of silver and significant zinc and lead.

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