Golden Arrow Res Corp Stock Price, News & Analysis

Golden Arrow Resources (OTCQB:GARWF) has signed a definitive option agreement with Latin Metals Inc. for its Huachi copper-gold property in San Juan Province, Argentina. The agreement allows Latin Metals to acquire up to 100% interest in the 3,500-hectare property.

Under the agreement terms, Latin Metals can acquire an initial 75% interest by investing US$1 million in exploration and making US$1 million in cash payments over four years. Latin Metals can then acquire the remaining 25% interest for an additional US$2 million payment within 90 days. If not exercised, a joint venture will be formed with Latin Metals holding 75% and Golden Arrow 25%.

Golden Arrow Resources Corporation (GARWF) has announced the appointment of Nikolaos Cacos as its new President & CEO. Joseph Grosso, who is stepping down from these positions, will continue serving as director and Chairman of the Board. Cacos, previously Vice President of Corporate Development and Director, has been instrumental in the company's management since joining the Grosso Group in 1993.

Under Grosso's leadership, Golden Arrow achieved several milestones, including the discovery and monetization of the Gualcamayo royalty, development and sale of the Chinchillas silver-lead-zinc deposit, expansion of Argentina properties, and a new deposit discovery at the San Pietro IOCG project in Chile. Cacos has played a key role in major transactions with Stellantis N.V. and Corporación América Group.

<p><b>Golden Arrow Resources</b> (GARWF) has reported significant progress at its San Pietro Copper-Gold Project in Chile, revealing promising exploration results and expansion of concessions. The company identified two new targets: <b>Noemi and Lolita Norte</b>, with notable findings including:</p> <p>At <b>Noemi</b>: - Rock chip samples showing 3.41% Cu and 0.26 g/t Au over 1.4m - Florencia structure yielding 4.19 g/t Au and 2.08% Cu over 3.0m</p> <p>The company also acquired the <b>Cerro Sur</b> concession package (1,500 hectares), which includes historical drilling results showing: - Gold intercepts up to 27.9 g/t Au - Copper intervals up to 62 meters averaging 0.25% Cu</p> <p>The company is continuing systematic exploration and preparing for a Phase 3 drill program to expand resources at the Rincones and Colla deposits while seeking new discoveries.</p>

Golden Arrow Resources announces that Sociedad de Servicios Andinos (SSA) has exercised its option to acquire a 25% stake in New Golden Explorations Chile (NGE). The transaction involves a US$5 million contribution, comprising US$2 million in cash and US$3 million in drilling and machinery services.

The deal centers on the San Pietro iron oxide-copper-gold-cobalt project in Chile, which NGE fully owns. Located 100 kilometers north of Copiapo, the project spans 18,500 hectares and is strategically positioned between Capstone Copper's Manto Verde Mine and Santo Domingo Project. This placement puts San Pietro in a potential new copper-cobalt region within an active mining district known for major IOCG deposits in Chile.

SSA, based in Copiapó, specializes in diamond drilling, heavy equipment services, and logistics. The company's main shareholder is also the majority owner of AGV GROUP, which has a decade-long partnership with Grosso Group companies in Argentina, including Golden Arrow.

Golden Arrow Resources (OTCQB: GARWF) has filed an NI 43-101 Technical Report for its San Pietro Copper-Gold-Iron-Cobalt Project in Chile, detailing the first mineral resource estimate (MRE). The report, effective January 24, 2024, reveals significant inferred resources:

• Total inferred resources of 492 million tonnes at 0.41% CuEq
• Contained metals include 2,470 Mlb copper, 770 Koz gold, 107 Mlb cobalt, and 157 Blb iron
• Resources divided between oxide (83Mt) and sulphide (410Mt) mineralization

The MRE was calculated using conservative parameters including $4.80/lb Cu, $2,300/oz Au, $15/lb Co, and $110/lb Fe prices, with a 0.30% CuEq cut-off grade within optimized pit shells.

Golden Arrow Resources (OTCQB: GARWF) has completed the initial closing of an option agreement with Mogotes Metals for the Mogote Copper-Gold Project in San Juan Province, Argentina. The transaction includes:

- $550,000 cash payment to Golden Arrow
- Private placement of 9,000,000 units at $0.05 per unit, raising $450,000
- Issuance of 10,714,285 Mogotes Metals shares to Golden Arrow

To acquire 100% project interest, Mogotes Metals must issue additional shares valued at $1.5 million within one year. Upon final closing, Golden Arrow will receive a 1.5% net smelter royalty, with Mogotes having the option to purchase 0.5% for $2 million. The private placement units include one share and one warrant exercisable at $0.08 for three years.

Golden Arrow Resources (TSXV: GRG) (OTCQB: GARWF) has announced its participation in the upcoming Prospectors & Developers Association of Canada's (PDAC) Convention. The company will be exhibiting at Booth #2924 at the Metro Toronto Convention Centre from March 2-5, 2025.

Golden Arrow Resources (GARWF) has announced its first mineral resource estimate for the San Pietro Copper-Gold-Iron-Cobalt Project in Chile. The inferred resource includes 492 million tonnes with average grades of 0.23% Cu, 0.05 g/t Au, 14.43% Fe & 99 ppm Co, containing 2.5 Billion pounds of copper and 770,000 ounces of gold.

The estimate is supported by 32,733 metres of drilling, primarily at the Rincones target. The project, acquired for US$3.35M, shows potential for expansion with several untapped areas. The company plans to focus next phase drilling on delineating higher grade areas and conducting metallurgical sampling for magnetic iron and cobalt recovery options.

The resource estimate used a drilling density of approximately 200-metre hole spacing, with future infill drilling planned to potentially upgrade portions to Indicated or Measured categories. The company has identified five additional drill-ready targets across the 20,000-hectare property.

Golden Arrow Resources (OTCQB: GARWF) has announced two significant developments in its joint ventures. First, the company amended its option agreement with Mogotes Metals for the Mogote Copper-Gold Project in Argentina. Under the new terms, Mogotes Metals can acquire 100% interest for CAD$1 million in cash and equity, plus shares in Mogotes Metals and a 1.5% NSR royalty.

Additionally, Hanaq Argentina has begun diamond drilling at Golden Arrow's Caballos Copper-Gold Project in La Rioja Province. This marks the first-ever drill testing of the property's targets, with an initial program of 3 holes totaling approximately 1,000 metres. The project is strategically located at the intersection of the Maricunga Copper-Gold Belt and the El Indio Gold-Silver Belt, 23 kilometres north of the Josemaria Project.