Golden Arrow Resources to begin drilling at Antofalla project in fourth quarter
The first part of the US$2mln program at the site in Catamarca province is now complete, the group said
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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 first part of the US$2mln program at the site in Catamarca province is now complete, the group said
Puna combines the firm's Chinchillas project with Silver Standard's producing Pirquitas operation
Silver Standard will be the operator of the combined assets, holding 75% of the venture, while Golden Arrow will have 25%.
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One channel sample graded 281 grams per tonne (g/t) of silver and 0.5% lead over 3.35 metres and another over eight-metres at 168 g/t of silver.
The Pirquitas operation would have closed in the first quarter of 2018, otherwise
"In one transaction, Golden Arrow has leapfrogged into producer status overnight...," said Grosso.
The post-tax net present value using a 5% discount rate was US$178mln
Shares in Golden Arrow surged 22.9% to C$0.86 on the news. It will be the junior partner in the joint venture, but the path to production has been eased by the collaboration.
Golden Arrow Resources Corp on Friday said that as an 18-month deadline for a merger agreement with Silver Standard Resources expires at the end of the month, the option remained open
Golden Arrow, which is the main vehicle of the Grosso Group - a pioneer in Argentinian mining - struck a business combination agreement with Silver Standard in late 2015
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A big driver of growth was progress at the firm's Chinchillas Silver deposit in Jujuy province
A big driver of growth was progress at the firm's Chinchillas Silver deposit in Jujuy province
Golden Arrow Resources Corp's chairman, president and chief executive officer Joseph Grosso provided an end of year update for investors on Tuesday
Golden Arrow Resources Corp recorded a doubling of assets in the nine months to Sept 30 as well as a one-third drop in losses
Golden Arrow Resources Corp. on Monday announced it has initiated its first exploration program at the recently optioned Antofalla silver-gold-base metal project in the province of Catamarca. The explorer also offered a corporate update
Golden Arrow Resources Corp. on Monday provided the results of assaying of the final 12 drill holes in the phase VI drilling program at its Chinchillas silver project in Jujuy province, Argentina
Golden Arrow Resources Corp. has received conditional TSX Venture Exchange approval to issue its common shares to progress a contract for diamond drilling between the company and an Argentine drilling services company on the Chinchillas sil
Golden Arrow Resources Corp. shares surged on Wednesday after the company said it had submitted the environmental report for exploitation at the Chinchillas project to the mining authority in the province of Jujuy