Business
GOLDEN ARROW CORPORATE UPDATE
GOLDEN ARROW CORPORATE UPDATE
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nGOLDEN ARROW CORPORATE UPDATE\n\n\n Jun. 1, 2010 (TheNewswire.ca) -- Golden Arrow Resources Corporation (GRG - TSX.V)(\"Golden Arrow\", \"GRG\" or the \"Company\") is pleased on behalf of the Board to provide an update on its planned activities and priorities for 2010-2011. In January 2010 Golden Arrow completed the spin-out of its Peruvian and Colombian projects into a new publicly-traded exploration company, Golden Alliance Resources (TSXV:GLL) Corp. (GLL - TSX.V), so that GRG could focus on developing its large and highly prospective property portfolio and identifying new opportunities in Argentina.Recent and currently planned activities include:1. Potrerillos, a 100% owned gold/silver project located 8km east of Barrick Gold Corporation's (NYSE:ABX) (TSX:ABX) massive Veladero gold/silver mine (12.0 Moz gold equivalent reserves*) in the prolific Fronterra district of western San Juan province. GRG recently completed a surface exploration program comprising geological mapping and rock sampling. Analytical results are expected to be released shortly.2. Rio de las Taguas, a 100% owned gold/silver project located contiguous to Barrick Gold Corporation's Pascua Lama gold/silver/copper deposit (17.8 Moz gold equivalent reserves*). The Company plans to carry out an intensive surface exploration program in conjunction with its work on Potrerillos, located just 8km to the southeast.3. Mogote, a 100% owned copper/gold/silver project in San Juan province totaling 8,300 ha. Recent re-interpretation of prior exploration results has in Management's view enhanced the potential of the Zona Colorida target located to the south of the Filo Este and Filo Central targets where prior drilling intersected wide intervals of copper-gold-silver mineralization. In order to adequately cover the target, GRG recently applied for additional claims totaling 3,150ha on the Chilean side of the international border adjacent to Mogote. The Mogote project is strategically-located in the Vicuna District of northern San Juan Province which includes NGEx Resources Inc's (OOTC:NGQRF) (TSX:NGQ) Josemaria copper-gold deposit in Argentina and Goldcorp Inc. (NYSE:GG) / New Gold's (OOTC:NEGWF) El Morro gold-copper porphyry in Chile. The Company is currently planning an exploration program comprised of surface geological mapping, geochemistry and geophysics for early i...