Welcome to our dedicated page for Golden Arrow Res news (Ticker: GARWF), a resource for investors and traders seeking the latest updates and insights on Golden Arrow Res stock.
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 Corporation (GARWF) has acquired the San Pietro Iron-oxide Copper Gold Project in Chile for US$3.35 million. This purchase grants complete control of a project with significant near-term resource potential and exploration opportunities. The company leveraged its strong financial position, stemming from a successful previous transaction that boosted its share value from $19.00 to $26.00. The San Pietro Project, covering 18,448 hectares, includes historical drilling data indicating promising copper, gold, and cobalt values, positioning it as a valuable asset for Golden Arrow's future exploration initiatives.
On October 12, 2021, Golden Arrow Resources Corporation (OTCQB: GARWF) announced a definitive option agreement to acquire a 75% interest in the Libanesa project in Santa Cruz, Argentina. Covering 14,500 hectares, this silver-gold project is near significant mining operations. The company plans to mobilize an exploration team to conduct surface work and drilling, aiming for quick advancement of mineral targets. The agreement includes a total commitment of US$4 million over six years, with initial exploration costs set at US$500,000 in the first two years.
Golden Arrow Resources Corporation (OTCQB: GARWF) has initiated a diamond drilling program at its Tierra Dorada gold project in Paraguay, targeting approximately 2,000 metres. The focus will be on the high-grade Alvaro target and initial drilling at the Itayuru target. Previous drilling at Alvaro yielded notable gold grades, including 143.5 g/t over 0.5m. The program plans to begin with 1,000 metres of shallow drilling, with the goal of transitioning to deeper holes pending exploration permit approval. The program is expected to continue through Q4 2021.
Golden Arrow Resources Corporation (OTCQB: GARWF) has announced the commencement of its first reverse circulation drilling program at the Rosales Copper Project in Chile, targeting large conductive zones identified by a recent geophysical survey. The initial phase will involve 1,400 metres of drilling across four holes, with additional drilling planned to explore various anomalies. The project spans 3,444 hectares and features promising surface samples, with copper values averaging 1.74%. This initiative aims to validate high-grade copper mineralization and advance exploration efforts in a key mining region.
Golden Arrow Resources Corporation (OTCQB: GARWF) announced significant findings from its geophysical surveys at the Rosales Copper Project in Chile. The surveys identified a larger and more conductive feature beneath prior anomalies, suggesting potential for a high-grade copper deposit. The Company plans to commence a 3,000 metre reverse circulation drilling program in August, targeting both upper and lower conductors. The Rosales project spans 3,444 hectares and is strategically located near major mining infrastructure.
Golden Arrow Resources Corporation has initiated a new exploration program at its 100% held Yanso Gold Project in San Juan, Argentina. This program aims to assess a 300m by 90m zone with strong geological anomalies. Previous work has highlighted rock chip samples with notable gold assays, including 16m averaging 0.602 g/t Au.
The exploration includes a 6.6 km Induced Polarization survey and a 700-hectare ground magnetics survey to uncover subsurface mineralization. The project area is situated near existing mining operations, enhancing its potential.
On July 2, 2021, Golden Arrow Resources Corporation (OTCQB: GARWF) announced the results of its Annual General Meeting held on June 30, 2021. All six nominees were elected as directors, with 25,321,568 shares, representing 21.76% of outstanding shares, voted in favor. The resolutions received unanimous support, and incumbent directors Joseph Grosso, Nikolaos Cacos, David Terry, John Gammon, Louis Salley, and Alfred Hills were re-elected. The company also confirmed the approval of its New Stock Option Plan, initiated previously on September 17, 2020, which does not require annual shareholder approval.
Golden Arrow Resources Corporation (OTCQB: GARWF) announced promising results from a Transient Electromagnetic (TEM) survey at its Rosales Copper Project in Chile. The survey has identified significant near-surface conductive anomalies, leading to plans for the company’s first drilling campaign. The primary target covers 850 by 500 meters and is associated with high copper values from surface sampling. The company has also applied for an additional 900 hectares of concessions. A further 440 line-kilometer ground magnetic survey is underway to refine drilling targets, expected to commence in August 2021.
Golden Arrow Resources has signed a binding letter of intent with Mirasol Resources to acquire a 75% interest in the Libanesa silver-gold project in Santa Cruz, Argentina. The acquisition will occur over six years through exploration expenditures totaling US$4 million and cash payments of US$1 million. Key drill targets, including the mineralized Cerro Plomo breccia, have shown promising initial results including up to 2,830 g/t Ag and 2.7 g/t Au. The project is considered a significant opportunity for discovery amid a region known for high-grade mineral deposits.
Golden Arrow Resources Corporation (OTCQB: GARWF) has released an update on its exploration projects, focusing on the trenching program at the Esperanza property within the Flecha de Oro gold project in Argentina. The program has produced significant gold intervals, including 2.98 g/t gold over five meters in trench TE-10 and 5.52 g/t gold over one meter in trench TE-6. The ongoing exploration aims to identify broader intervals of gold mineralization and is expected to continue through May. Additional exploration activities and project acquisitions are also underway.