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Golden Arrow Identifies Gold Silver Mineralization over 3km on Potrerillos Project, Frontera District, Argentina
Golden Arrow Identifies Gold Silver Mineralization over 3km on Potrerillos Project, Frontera Dist...
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nGolden Arrow Identifies Gold Silver Mineralization over 3km on Potrerillos Project, Frontera District, Argentina\n\n\n Jun. 6, 2010 (TheNewswire.ca) -- Golden Arrow Resources Corporation (GRG - TSX.V)(\"Golden Arrow\" or the \"Company\") is pleased to report analytical results from its recently-completed prospecting and geochemical sampling program on its 100% owned 4,000ha Potrerillos Project located in the Frontera District just 8km east of Barrick Gold Corporation's (NYSE:ABX) (TSX:ABX) Veladero gold-silver mine (12.2 Moz gold equivalent reserves*) in San Juan Province, Argentina. A total of 103 rock chip samples were collected at the Panorama Zone in the central portion of the property. Individual assays ranged up to 8.4 g/t gold, 1,000 g/t silver and 6.2 % copper (see Table 1 below). Results to date suggest the Panorama Zone may represent the upper level of a Veladero-type mineralized system.Golden Arrow is now planning an intensive exploration program for Potrerillos to comprehensively evaluate the large target area with geological mapping, expanded geochemical sampling, extensive mechanized trenching, and ground geophysical surveys to delineate targets for drill-testing. Work will commence when the Andean exploration season begins in the fall.Frontera District:Golden Arrow controls 100% of 7 properties totaling 12,488ha in the Frontera District of northwestern San Juan province which is one of the most prolific gold-silver mining camps in South America and lies at the northern end of the El Indio metallogenic belt. This district contains Barrick Gold Corporation's world class Pascua Lama Project, which is currently under development and contains 17.8 Moz Proven and Probable Gold Reserves, with 671 Moz Silver contained within the gold reserve*, and their Veladero Mine with Proven and Probable reserves of 12.2 million ounces of gold equivalent*. Golden Arrow's Potrerillos and Rio de los Taguas properties are both located within 8km of the Pascua Lama and Veladero gold-silver deposits (see Figure 1: http://www.goldenarrowresources.com/i/maps/Potrerillos-Tenure-area.jpg ).Potrerillos Project:The 4,000ha Potrerillos Project is 100% owned by Golden Arrow and is located just 8km east of the Veladero gold-silver mine. Access is excellent due to the all-season Veladero mine road which passes immediately to the south of the proje...