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Golden Arrow Resources Corporation reports company developments tied to mineral exploration in South America, led by the San Pietro iron oxide-copper-gold project in Chile and a portfolio of prospective properties in Argentina. News commonly covers sampling, trenching, drill-permitting and target work at San Pietro, including the Noemi gold target and the Rincones and Colla areas.
Company updates also include environmental approvals, project option agreements within its Argentina portfolio, subsidiary operations through New Golden Explorations Inc., governance appointments and investor relations arrangements. Golden Arrow is a member of the Grosso Group, a resource management group associated with exploration in Argentina.
Golden Arrow Resources (OTCQB: GARWF) announced significant results from its San Pietro Project in Chile. Noteworthy findings include:
Step-Out Holes:
- SP-DDH-18: 109.10m at 0.44% Cu, 0.06 g/t Au, 130 g/t Co, 15.0% Fe starting at 253.9m depth, with a 12m interval at 1.16% Cu, 0.09 g/t Au, 202 g/t Co, 21.6% Fe.
- SP-DDH-19: 101.38m at 0.43% Cu, 0.09 g/t Au, 177 g/t Co, 30.1% Fe starting at 35.6m depth.
- SP-DDH-20: 19.23m at 0.45% Cu, 0.05 g/t Au, 110 g/t Co, 51.3% Fe starting at 202.77m depth.
The results support the potential for growth, with mineralization open to the east and north. The 10,000-meter drilling campaign aims to complete a preliminary resource estimate. The proximity to Capstone Copper’s Santo Domingo project offers valuable insights. The company is continuing with additional step-out and infill drilling to further explore the Rincones target.
Golden Arrow Resources (TSXV: GRG, FSE: G6A, OTCQB: GARWF) has announced promising results from the first three drill holes of its ongoing 10,000-meter diamond drilling campaign at the San Pietro Iron-Copper-Gold-Cobalt Project in Chile. Highlights include significant mineralized intervals from drill hole SP-DDH-14, such as 20m at 1.47% Cu, 0.16 g/t Au, 343 g/t Co, and 27.2% Fe from 360m. SP-DDH-15 intersected a new mineralized structure, yielding 132m averaging 0.44% Cu from 114m. SP-DDH-16 also returned multiple mineralized intervals, notably 64m at 0.20% Cu from 30m. The drilling program aims to complete a Mineral Resource Estimate, with plans for further step-out drilling to extend mineralization.
Golden Arrow Resources has provided an update on its exploration activities in Chile and Argentina. The company reported positive drilling results at the San Pietro Iron-Copper-Gold-Cobalt Project in Chile, identifying multiple magnetite mantos and new specularite breccias in the first drill hole of 2024.
In Argentina, the Yanso Project has delineated new gold and zinc targets, with surface samples showing up to 40% zinc. The Potrerillos Project's 2024 exploration season has identified new targets and promising sample results, with some rock samples averaging up to 3.19 g/t gold and 78 g/t silver.
Golden Arrow's exploration work is generating internal excitement and interest from potential partners, with a focus on advancing joint ventures and preparing for a robust commodity market.
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