Company
CVE:GRG
Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina.
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The 100% interest in the property, which includes 18,448 hectares of concessions in the Atacama region, was bought from Sumitomo Metal Mining Chile Ltda (SMM Chile)
The firm has been involved with four major world-class discoveries previously in South America, which are either in production or about to be
The company said it plans to mobilize an exploration team to Santa Cruz this month to complete additional surface work which may include geophysical surveying, with the intent of refining the targets for a drill program to start in the firs
The work will mainly focus on better defining the high-grade Alvaro target, which spans around four square kilometers
The first phase includes around 1,400 metres (m) in four holes, while the subsequent 1,600m will be used to test the extent of the anomalies as well as other targets. The program is expected to continue through the fourth quarter of 2021
It said geophysical surveying had revealed a “more conductive and larger feature” below the near-surface conductivity anomalies reported in June 2021
Yanso is described as a gold-copper intrusive-related target with a 300m by 90m zone of strong alteration coincident with gold and other geochemical anomalies
The survey has thrown up a high priority target, which is an anomaly measuring 850 by 500m, with its shallowest part being estimated at around 100m depth
Golden Arrow has an option to acquire a 75% undivided interest in the project by spending US$4 million in exploration and making staged cash payments totalling US$1 million to Mirasol
The company said that results from a single vein on the property returned “significant” gold intervals in two separate trenches about 160 metres apart
Hanaq Argentina SA will have the opportunity to earn a 70% interest in Caballos by spending US$4 million on exploration at the project over six years
In an update to shareholders, executive chairman, president, and CEO Joseph Grosso said that the group continued to stay selectively active in the three countries
Results reported included 143.5 grams per ton (g/t) gold over 0.5 meters, within 6 metres averaging 14.5 g/t gold, and 11.8 g/t gold over 3.2 metres within 7.8 metres averaging 6.1 g/t gold
The program will focus on the Puzzle property, where gold mineralization has been identified in a large quartz vein and adjacent quartz stockwork zone within a corridor over 6.5 kilometres in length and more than 150 metres in width
Archive
The firm acquires assets and advances them up the value-chain to pre-feasibility stage.
Rosales spans 1,450 hectares is road-accessible, and lies 90 kilometres (km) from the mining centre of Copiapo
Local company MasterGold SA is carrying out the work at the Alvaro target sinking holes up to 20 metres depth
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
'I am confident that this pandemic will pass and that Golden Arrow will weather this storm and emerge successful,' Grosso told shareholders
On March 12, the company said it had received the green light from the TSX Venture Exchange to begin a normal course issuer bid
