Golden Arrow Resources Corp (TSX-V:GRG, OTCQB:GARWF) has initiated the permitting process for additional drilling at its San Pietro iron-copper-gold-cobalt project in Chile.
The company has enlisted the services of a Chilean environmental consultancy firm to prepare and submit an Environmental Impact Statement (DIA), which, once approved, will enable the creation of 80 new drill platforms at the site.
Golden Arrow’s San Pietro project has been a key focus for the company, with two-thirds of its phase-two drill program already completed.
The program is centered around the Rincones target and the data collected will be used to estimate the project's first mineral resource.
Results so far have reinforced the company's confidence in the long-term potential of San Pietro.
Brian McEwen, Golden Arrow’s VP of exploration and development, stated: "The results to date have upheld our confidence in the long-term potential of the project and we are committed to continuing work to build value for our shareholders."
The environmental studies required for the DIA will include assessments of local flora, fauna, and archaeological sites.
These studies are scheduled to start in October, with the final submission of the DIA to Chilean authorities expected in the first quarter of 2025.