Golden Arrow Resources says Argentina mine nears large-scale production
The Chinchillas silver, lead and zinc project, part of joint venture with SSR, is in the final stages of achieving commercial scale
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.
101 stories · page 4 of 6
The Chinchillas silver, lead and zinc project, part of joint venture with SSR, is in the final stages of achieving commercial scale
The project features a near surface deposit of high-grade gold and copper and a historic resource
In the three months, Puna produced 700,000 ounces of silver and more than doubled zinc production to 3.2 million pounds
The company signed a definitive agreement to acquire the 3,450 hectare Atlantida copper-gold project in Chile, which combines mineral rights from two separate owners
Puna is a joint venture that combines the Chinchillas project with SSR's producing Pirquitas operation in Argentina
The group has arranged private placing for up to 7.5 million units at C$0.35 each for gross proceeds of C$2,625,000.
The programme, which saw 11 holes sunk, identified a new target at the Cizalla Norte zone
The project remains on budget and on schedule to support sustained delivery of ore to the Pirquitas mill in the fourth quarter
The company said VLP is a specialized consulting firm based in Toronto
The loan is purely for meeting Golden Arrow's funding requirements for its Puna operations
Puna Operations Inc, in which Golden Arrow has 25%, is the joint venture operated by SSR Mining
The group is moving to establish two value streams, outlined the article
Chairman Grosso said the production start-up of the Chinchillas silver deposit in Argentina will be the first stream creating a yearly income
With the receipt of permits in December 2017 to construct the Chinchillas project, Puna Operations will complete development of this deposit in 2018 to materially extend its operating life.
The exercise price will remain at C$1. Each whole warrant, when exercised, will be exchangeable for one share..
The environmental impact assessment permit paves the way to extra Chinchillas ore integration with the Pirquitas mill for processing in 2018.
"The Pescado project has the attributes needed for making a significant discovery," the resource group said on Monday.
He has over 35 years' of experience and from 2006 to 2013 was chief executive and a director of Kobex Minerals
In May, the group formed a joint venture, which combines the Chinchillas project with Silver Standard's producing Pirquitas operation in Argentina
The Puna Operations Inc (POI) joint venture combines the firm's Chinchillas project with Silver Standard's producing Pirquitas operation.