Golden Arrow Resources Corporation (CVE:GRG) (FRA:G6A) (OTCQB:GARWF) has announced the commencement of a trenching and sampling program at the Flecha de Oro Gold Project in Rio Negro Province, Argentina.
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 (km) in length and more than 150 metres in width.
In a statement, Brian McEwen, Golden Arrow's VP Exploration and Development commented: "We are pleased to be back to fieldwork in Argentina, and in particular at the Flecha de Oro Project. It's a great time to be exploring for gold, and at this project where we have the potential to identify multiple large gold systems. We look forward to a busy 2021 during which we will be actively exploring at all three properties that comprise Flecha de Oro."
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The group said the vein corridor at Puzzle is coincident with a magnetic low, as identified by a ground magnetic survey. The trenching program is planned to include approximately 18 trenches totaling 2,500 metres, excavated across the vein corridor along 6.2km of strike length, to delineate targets for a potential 2021 drilling program.
The technical team has obtained all permits required for the program, including approval of new coronavirus (COVID–19) protocols that follow the guidelines provided by the provincial and local authorities, and the installation of a temporary camp at the Project to avoid contact with the nearby community. The team is now on-site, and the work is expected to continue until approximately the end of January.
The Flecha de Oro Gold Project in Rio Negro Province, Argentina, consists of three separate property packages - Puzzle (1,952 hectares), Esperanza (9,968 hectares) and Maquinchao (2,000 hectares) - for a total tenure position covering 13,920 hectares in an area that is prospective for large epithermal precious metal deposits. Applications have been made for two additional concessions around the initial Esperanza property totaling over 14,500 hectares and for two additional concessions totaling over 2,500 hectares around the Puzzle property.
The Project lies within the Somuncara Massif, where low and high sulphidation gold systems have been explored for since the first discovery of gold in the area in 1995. Examples of other gold-silver projects in the area include the Calcatreu low sulphidation gold-silver project located 165km to the southwest, hosting 746,000 ounces of Indicated gold equivalent (AuEq) resources and a further 390,000 ounces of Inferred AuEq resources.
The gold mineralization at the Puzzle property occurs in epithermal quartz veins, stockworks and hydrothermal breccias, hosted by a 150–250–million-year old volcanic complex. The corridor is open in both directions.
Contact the author at jon.hopkins@proactiveinvestors.com