Golden Arrow Announces Exercise of Option at the San Pietro IOCG Project
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 annuncia che Sociedad de Servicios Andinos (SSA) ha esercitato l'opzione per acquisire una partecipazione del 25% in New Golden Explorations Chile (NGE). L'operazione prevede un contributo di 5 milioni di dollari USA, di cui 2 milioni in contanti e 3 milioni in servizi di perforazione e macchinari.
L'accordo riguarda il progetto San Pietro di ossido di ferro-rame-oro-cobalto in Cile, di cui NGE è proprietaria al 100%. Situato a 100 chilometri a nord di Copiapó, il progetto si estende su 18.500 ettari ed è strategicamente posizionato tra la miniera Manto Verde di Capstone Copper e il progetto Santo Domingo. Questa collocazione pone San Pietro in una potenziale nuova regione di rame e cobalto all'interno di un distretto minerario attivo, noto per importanti depositi IOCG in Cile.
SSA, con sede a Copiapó, è specializzata in perforazioni diamantate, servizi di mezzi pesanti e logistica. Il principale azionista della società è anche il proprietario di maggioranza di AGV GROUP, che vanta una collaborazione decennale con le aziende del Grosso Group in Argentina, tra cui Golden Arrow.
Golden Arrow Resources anuncia que Sociedad de Servicios Andinos (SSA) ha ejercido su opción para adquirir una participación del 25% en New Golden Explorations Chile (NGE). La transacción implica una contribución de 5 millones de dólares, compuesta por 2 millones en efectivo y 3 millones en servicios de perforación y maquinaria.
El acuerdo se centra en el proyecto San Pietro de óxido de hierro-cobre-oro-cobalto en Chile, que NGE posee en su totalidad. Ubicado a 100 kilómetros al norte de Copiapó, el proyecto abarca 18,500 hectáreas y está estratégicamente situado entre la mina Manto Verde de Capstone Copper y el proyecto Santo Domingo. Esta ubicación posiciona a San Pietro en una posible nueva región de cobre y cobalto dentro de un distrito minero activo, conocido por importantes depósitos IOCG en Chile.
SSA, con sede en Copiapó, se especializa en perforación diamantina, servicios de maquinaria pesada y logística. El principal accionista de la compañía es también el propietario mayoritario de AGV GROUP, que tiene una asociación de una década con las empresas del Grosso Group en Argentina, incluyendo Golden Arrow.
골든 애로우 리소시스(Golden Arrow Resources)는 소시에다드 데 세르비시오스 안디노스(SSA)가 뉴 골든 익스플로레이션스 칠레(NGE)의 25% 지분을 인수할 옵션을 행사했다고 발표했습니다. 이번 거래는 현금 200만 달러와 시추 및 장비 서비스 300만 달러를 포함한 총 500만 달러의 출자를 포함합니다.
이 거래는 NGE가 전액 소유한 칠레의 산 피에트로 철 산화물-구리-금-코발트 프로젝트를 중심으로 이루어졌습니다. 프로젝트는 코피아포에서 북쪽으로 100킬로미터 떨어진 곳에 위치하며 18,500헥타르에 걸쳐 있습니다. 이 지역은 캡스톤 코퍼의 만토 베르데 광산과 산토 도밍고 프로젝트 사이에 전략적으로 자리잡고 있어, 칠레의 주요 IOCG 광상으로 알려진 활발한 광업 지대 내에서 새로운 구리-코발트 지역으로서 잠재력을 지니고 있습니다.
코피아포에 본사를 둔 SSA는 다이아몬드 시추, 중장비 서비스 및 물류를 전문으로 합니다. 이 회사의 주요 주주는 아르헨티나에 있는 그로소 그룹 기업들과 10년간 파트너십을 유지해온 AGV 그룹의 대주주이기도 합니다. 이 파트너십에는 골든 애로우도 포함됩니다.
Golden Arrow Resources annonce que Sociedad de Servicios Andinos (SSA) a exercé son option pour acquérir une participation de 25 % dans New Golden Explorations Chile (NGE). La transaction implique une contribution de 5 millions de dollars US, comprenant 2 millions en espèces et 3 millions en services de forage et de matériel.
L'accord porte sur le projet San Pietro d'oxyde de fer-cuivre-or-cobalt au Chili, dont NGE est propriétaire à 100 %. Situé à 100 kilomètres au nord de Copiapó, le projet s'étend sur 18 500 hectares et est stratégiquement positionné entre la mine Manto Verde de Capstone Copper et le projet Santo Domingo. Cette localisation place San Pietro dans une nouvelle région potentielle de cuivre-cobalt au sein d'un district minier actif, connu pour ses importants gisements IOCG au Chili.
SSA, basée à Copiapó, est spécialisée dans le forage diamanté, les services d'équipements lourds et la logistique. L'actionnaire principal de la société est également le propriétaire majoritaire d'AGV GROUP, qui entretient un partenariat de longue date avec les entreprises du Grosso Group en Argentine, y compris Golden Arrow.
Golden Arrow Resources gibt bekannt, dass Sociedad de Servicios Andinos (SSA) seine Option ausgeübt hat, einen 25%igen Anteil an New Golden Explorations Chile (NGE) zu erwerben. Die Transaktion umfasst eine Einlage von 5 Millionen US-Dollar, bestehend aus 2 Millionen US-Dollar in bar und 3 Millionen US-Dollar in Bohr- und Maschinendienstleistungen.
Der Deal konzentriert sich auf das San Pietro Eisenoxid-Kupfer-Gold-Kobalt-Projekt in Chile, das sich vollständig im Besitz von NGE befindet. Das Projekt liegt 100 Kilometer nördlich von Copiapó, erstreckt sich über 18.500 Hektar und ist strategisch zwischen der Manto Verde Mine von Capstone Copper und dem Santo Domingo Projekt positioniert. Diese Lage bringt San Pietro in eine potenzielle neue Kupfer-Kobalt-Region innerhalb eines aktiven Bergbaudistrikts, der für bedeutende IOCG-Lagerstätten in Chile bekannt ist.
SSA mit Sitz in Copiapó ist auf Diamantbohrungen, Schwerlastgeräte-Dienstleistungen und Logistik spezialisiert. Der Hauptaktionär des Unternehmens ist zugleich Mehrheitsinhaber der AGV GROUP, die seit über einem Jahrzehnt eine Partnerschaft mit den Unternehmen der Grosso Group in Argentinien pflegt, darunter auch Golden Arrow.
- SSA contributes US$5M to acquire 25% stake in NGE, including US$2M in cash
- Strategic partnership with experienced mining services company SSA
- Project location adjacent to major mining operations (Manto Verde Mine and Santo Domingo Project)
- Large land position of 18,500 hectares in established mining district
- US$3M worth of drilling services and equipment secured through SSA deal
- No current mineral resource estimates or production metrics provided
- Project is still in early exploration phase with no assured prospects
TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF
To exercise the Option, SSA contributed
US in cash;$2,000,000 - performing drilling services, heavy machinery services, truck rental, as well as other goods or necessary services for the development of field activities at the San Pietro Project (as described below) with an aggregate value of
US ; and$3,000,000 - issuing to NGE a promissory note for the sum of
$18,078.97
SSA is arm's length to the Company and no finders' fees were payable for this transaction.
San Pietro Project
NGE holds a
About Sociedad de Servicios Andinos SpA:
SSA is a company based in Copiapó whose main activities are Diamond drilling, Heavy Equipment Services and Logistics. SSA's main shareholder is also the majority shareholder of AGV GROUP, a leading mining services company in
About Golden Arrow:
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
The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in
ON BEHALF OF THE BOARD
"Joseph Grosso"
_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO
Neither TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; future exploration and operating plans are forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. The proximity of the San Pietro Project to other mining projects in the area does not provide any assurances with respect to the prospects at the San Pietro Project. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.
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SOURCE Golden Arrow Resources Corporation
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