Golden Arrow Reports Gold and Copper at New Exploration Targets and Expands Concessions at San Pietro Copper-Gold Project, Chile
Golden Arrow Resources (GARWF) ha annunciato importanti progressi nel suo progetto San Pietro Copper-Gold in Cile, rivelando risultati promettenti nelle esplorazioni e un'espansione delle concessioni. La società ha individuato due nuovi obiettivi: Noemi e Lolita Norte, con scoperte significative tra cui:
Presso Noemi:
- Campioni di rocce con 3,41% Cu e 0,26 g/t Au su 1,4 m
- La struttura Florencia con 4,19 g/t Au e 2,08% Cu su 3,0 m
La società ha inoltre acquisito il pacchetto di concessioni Cerro Sur (1.500 ettari), che include risultati storici di perforazioni con:
- Intercetti auriferi fino a 27,9 g/t Au
- Intervalli di rame fino a 62 metri con una media dello 0,25% Cu
Golden Arrow Resources sta proseguendo con un’esplorazione sistematica e sta preparando un programma di perforazione di Fase 3 per ampliare le risorse nei depositi Rincones e Colla, cercando al contempo nuove scoperte.
Golden Arrow Resources (GARWF) ha reportado avances significativos en su Proyecto de Cobre y Oro San Pietro en Chile, revelando resultados prometedores en la exploración y expansión de concesiones. La compañía identificó dos nuevos objetivos: Noemi y Lolita Norte, con hallazgos notables que incluyen:
En Noemi:
- Muestras de roca con 3.41% Cu y 0.26 g/t Au en 1.4m
- Estructura Florencia con 4.19 g/t Au y 2.08% Cu en 3.0m
La empresa también adquirió el paquete de concesiones Cerro Sur (1,500 hectáreas), que incluye resultados históricos de perforación con:
- Intercepciones de oro hasta 27.9 g/t Au
- Intervalos de cobre hasta 62 metros con un promedio de 0.25% Cu
La compañía continúa con una exploración sistemática y se prepara para un programa de perforación Fase 3 para ampliar los recursos en los depósitos Rincones y Colla, mientras busca nuevos descubrimientos.
골든 애로우 리소시스 (GARWF)는 칠레에 위치한 산 피에트로 구리-금 프로젝트에서 중요한 진전을 보고하며 유망한 탐사 결과와 광산권 확장을 발표했습니다. 회사는 두 개의 새로운 목표 지점인 노에미와 롤리타 노르테를 확인했으며, 주요 발견 내용은 다음과 같습니다:
노에미 지역:
- 암석 샘플에서 1.4m 구간에 구리 3.41%, 금 0.26 g/t 검출
- 플로렌시아 구조에서 3.0m 구간에 금 4.19 g/t, 구리 2.08% 확인
또한 회사는 역사적 시추 결과를 포함하는 세로 수르 광산권 패키지(1,500헥타르)를 인수했으며,
- 최대 금 함량 27.9 g/t Au
- 평균 0.25% 구리 함량의 62m 구간 구리 확인
회사는 체계적인 탐사를 계속 진행 중이며, 린코네스와 콜라 광상에서 자원 확장을 위한 3단계 시추 프로그램을 준비하면서 새로운 발견을 모색하고 있습니다.
Golden Arrow Resources (GARWF) a annoncé des progrès importants sur son projet cuivre-or San Pietro au Chili, dévoilant des résultats d'exploration prometteurs et une expansion des concessions. La société a identifié deux nouvelles cibles : Noemi et Lolita Norte, avec des découvertes notables telles que :
À Noemi :
- Échantillons de roche montrant 3,41 % Cu et 0,26 g/t Au sur 1,4 m
- Structure Florencia avec 4,19 g/t Au et 2,08 % Cu sur 3,0 m
La société a également acquis le paquet de concessions Cerro Sur (1 500 hectares), comprenant des résultats historiques de forage montrant :
- Interceptions aurifères jusqu'à 27,9 g/t Au
- Intervalles de cuivre jusqu'à 62 mètres avec une moyenne de 0,25 % Cu
La société poursuit une exploration systématique et prépare un programme de forage de phase 3 pour étendre les ressources des gisements Rincones et Colla tout en recherchant de nouvelles découvertes.
Golden Arrow Resources (GARWF) meldet bedeutende Fortschritte bei seinem San Pietro Kupfer-Gold-Projekt in Chile und präsentiert vielversprechende Explorationsergebnisse sowie die Erweiterung von Konzessionen. Das Unternehmen identifizierte zwei neue Ziele: Noemi und Lolita Norte, mit bemerkenswerten Funden, darunter:
Bei Noemi:
- Gesteinsproben mit 3,41% Cu und 0,26 g/t Au über 1,4 m
- Florencia-Struktur mit 4,19 g/t Au und 2,08% Cu über 3,0 m
Das Unternehmen erwarb außerdem das Konzessionspaket Cerro Sur (1.500 Hektar), das historische Bohrdaten enthält mit:
- Goldabschnitten bis zu 27,9 g/t Au
- Kupferabschnitten bis zu 62 Meter mit einem Durchschnitt von 0,25% Cu
Die Firma setzt die systematische Exploration fort und bereitet ein Bohrprogramm der Phase 3 vor, um die Ressourcen in den Lagerstätten Rincones und Colla zu erweitern und gleichzeitig nach neuen Entdeckungen zu suchen.
- Discovery of two new promising targets (Noemi and Lolita Norte) with significant gold-copper mineralization
- High-grade sampling results: 3.41% Cu and 0.26 g/t Au over 1.4m at Noemi
- Strategic acquisition of Cerro Sur concession package with historical high-grade drilling results
- Expansion of total land package by 1,500 hectares
- Multiple exploration targets identified for potential resource expansion
- Historical drilling data at Cerro Sur requires validation and confirmation
- Large portions of the property (over 50%) remain untested
- Project still in early exploration phase with no defined resource estimates for new targets
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- The Noemi target (Figure 2) demonstrates the hallmarks of IOCG deposits like the Rincones & Colla deposits, 7km to the southeast along a structural trend, including,
- High magnetic anomalies coincident with specularite, quartz, carbonate and copper oxides in potassic-altered breccias and veins up to 3 metres wide with multiple anomalous rock chip samples including 1.4 m averaging
3.41% Cu and 0.26 g/t Au.
- High magnetic anomalies coincident with specularite, quartz, carbonate and copper oxides in potassic-altered breccias and veins up to 3 metres wide with multiple anomalous rock chip samples including 1.4 m averaging
- Prominent north-south breccia veins offer large gold targets at both Noemi and Lolita Norte:
- 800 metres of strike returned 4 significant gold-copper values in rock chip channel samples, such as 3.0 m averaging 4.19 g/t Au and 2.08 % Cu at the Florencia structure, Noemi target.
- A similar structure at Lolita Norte target (Figure 3) is believed to be the continuation of an historically mined vein system; new sampling confirmed gold and copper along 1.9km of strike.
- The newly acquired 1,500-hectare Cerro Sur concession package expands the discovery potential at San Pietro. There is diamond-drilled core remaining on site from historic targets, and summary assay results for over 4,600m of drilling for gold and copper that include:
- Intercepts from 0.1 g/t Au to as high as 27.9 g/t Au, with a best reported interval of 6 metres averaging 4 g/t Au
- Single intercepts from
0.1% Cu to as much as 62 metres averaging0.25% Cu.
Brian McEwen, Golden Arrow VP Exploration and Development stated, "Results from our 2024 exploration program continue to demonstrate that San Pietro has a huge amount of remaining discovery potential. The results from Noemi and Lolita Norte are very promising, and the amount of gold is particularly encouraging. The Cerro Sur acquisition adds a big opportunity as there has been a lot of work done by some major companies in the past and our preliminary review of the information supports the potential for more gold and copper discoveries. We are continuing our systematic exploration in these areas and throughout the more than
Additional detailed mapping and sampling is on-going at Noemi and Lolita Norte to delineate targets for future drilling. At Cerro Sur, the Company plans to relog and retest any viable remaining drill core to create a modern database for the area. Additional field work is also being planned.
Exploration Program Details
In 2024 the Golden Arrow team continued surface exploration throughout the large San Pietro property, concurrent with the resource delineation drilling program at the Rincones and Colla targets. The first detailed geological mapping was completed in the south and southwestern parts of San Pietro as well as a 1500-hectare ground magnetics survey and the new Noemi and Lolita Norte target areas were delineated (see Figure 1 project map including Figure 2 and 3 detail map locations).
Noemi
Noemi covers an area of approximately 2 by 3 kilometres located approximately 7 kilometers south of the Rincones resource area. The main geological units mapped are fine andesites, tuffs and volcaniclastic rocks intruded by a microdiorite, and in some areas there is gravel cover. There is an early stage of alteration of scapolite-actinolite-magnetite crosscut by NW to N-S trending shear zones. These zones include breccias and veins up to 3 metres wide, with specularite, quartz, carbonate and copper oxides and a potassic feldspar-chlorite-epidote alteration. These structures are anomalous in gold and copper with values in rock chip channel samples of up to 1.4 m with
Also of particular interest within the Noemi target is a prominent north-south breccia vein of quartz-tourmaline-specularite-carbonate-jarosite. This structure ("Florencia") outcrops in 2 sections (north and south). In the south section the vein has a width of 1 to 3 metres but reaches up to 8 metres with the adjacent veinlets. Four rock chip channel samples collected across the structure, along 800 metres of strike, returned significant gold-copper values such as 3.0 m with 4.19 g/t Au and
Lolita Norte
Three kilometres west of the Noemi the team identified a second high-priority target, called Lolita Norte.
A similar structure to Florencia was identified and mapped for more than 1.9 kilometres with the possibility that it continues to the north under the gravel cover. It is believed to be the northern extension of the Lolita-Madura gold vein system which was exploited as part of a private underground gold mining operation in the 1980´s, the remains of which are situated approximately 2.5 kilometres to the south, off the San Pietro concessions. [Proximity to a mineral resource, deposit, or mine does not indicate that mineralization will occur on Golden Arrow's property, and if mineralization does occur, that it will occur in sufficient quantity or grade that would result in an economic extraction scenario.]
The mineralization at Lolita Norte is similar to Florencia with gold and copper in a quartz-tourmaline-carbonate vein and breccia structure with a width of 1 to 8 metres. In this case the host rock is granodiorite that is part of the Sierra Mercedita Pluton. The team completed the first stage of reconnaissance of this target, collecting 61 rock chip samples from the veins and old small miner workings (Figure 3). Well-mineralized samples occurred throughout the entire length of the structure, and in some cases the host granite carried similar mineralization to the veins. For instance, rock chip samples from an "underground breccia" (taken from old workings approximately 15 m deep) included a vein sample assayed at 0.75 m averaging 0.35 g/t Au with sampling of the adjacent granite returning 1.5 m averaging 0.20 g/t Au and 1.0 m averaging 0.64 g/t Au.
Cerro Sur Acquisition
Cerro Sur is comprised of 1,500 hectares of mining exploration concessions adjacent to the western border of the San Pietro Project (Figure 1). The Cerro Sur concessions recently became publicly available and Golden Arrow's Chilean subsidiary, New Golden Explorations Inc. ("NGE"), secured a
The Cerro Sur project is located within the Atacama Fault System ("AFS"). The north-south lying AFS includes a wide zone of deformation that controls the mineralization and alteration at San Pietro and other nearby IOCG deposits. This includes the Mantoverde IOCG deposit and mine complex which is located less than 10km to the southwest of Cerro Sur, and is one of several deposit models used for exploration at San Pietro (see NI 43-101 Technical Report filed on SEDAR+). The Summary for Cerro Sur suggests that the underlying volcanic basement rocks are the Jurassic aged La Negra Formation, which is the same group at least partly assigned to the rocks that underly at Manto Verde. Locally these are overlain by granitic rocks from the Upper Cretaceous aged Sierra Merceditas Pluton, which is also mapped at the Lolita target area (see above). Along a six kilometre north-south section of the Merceditas Fault and its related structures (a subsidiary of the AFS), several veins and stockworks with gold and copper have been identified. The copper is associated with shear zones containing magnetite that can be associated with an IOCG model, while the gold mineralization might be related to an epithermal episode associated with the intrusive.
The Summary indicates that five targets were tested by diamond drilling of across several of the steeply dipping mineralized structures. Twelve holes reported anomalous copper and/or gold intervals. Anomalous intervals occurred from 0 to as much as 335 metres downhole and many holes reported multiple intervals. For copper, notable intervals ranged from single (1 metre or less) intercepts of >
Methodology & QA/QC
Rock chip samples at Noemi and Lolita Norte targets were collected by the NGE technical team. Samples were shipped to ALS Laboratory in
Qualified Persons
The exploration programs are designed by the Company's geological staff and results are reviewed, verified (including sampling, analytical and test data) and compiled under the supervision of Brian McEwen, P.Geol., VP Exploration and Development to the Company. Mr. McEwen is a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the contents of the news release.
About the San Pietro Project
The San Pietro Project targets the discovery of multiple copper-gold-iron oxide ("IOCG") plus cobalt deposits on over 21,000 hectares located approximately 100 kilometres north of Copiapó in the Atacama Region of
Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major IOCG deposits in Chile.
Golden Arrow operates San Pietro through its
About Golden Arrow:
Golden Arrow 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 the 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 terms of the Amending Agreement, the exercise of the Amended Option and the timing thereof, the TSXV's approval of the Transaction; the gross proceeds under the Private Placement, the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company 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 obtaining necessary regulatory approvals (including the TSXV's approval); 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. 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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