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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 Corporation has commenced a 500-metre diamond drilling program at the Tierra Dorada gold project in Paraguay, focusing on the Alvaro target area. High-grade gold samples up to 89.5 g/t gold were previously reported. The drilling aims to test near-surface prospects and evaluate at least 8 quartz vein Showings. The program is estimated to take about one month and may be expanded based on results. Additional regional mapping and an Induced Polarization survey are planned, pending COVID-19 restrictions.
Golden Arrow Resources Corporation (OTCQB: GARWF) has hired Michael Baybak and Company for financial and media relations consulting for three months at a fee of US$4,000 per month, pending regulatory approval. Baybak's principals currently own 830,333 shares of the company and may acquire more. Golden Arrow, a mining exploration firm, is working on projects in Chile, Argentina, and Paraguay, and recently converted its Chinchillas silver discovery into holdings in SSR Mining Inc..