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Golden Arrow Options its Mogote Copper-Gold Project, Argentina
Golden Arrow Options its Mogote Copper-Gold Project, Argentina Canada NewsWire ...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\n \n \n \n Golden Arrow Options its Mogote Copper-Gold Project, Argentina\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 11, 2022\n \n \n /CNW/ -\n \n Golden Arrow Resources Corporation\n \n (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF),\n \n (\"Golden Arrow\"\n \n or the\n \n \"Company\")\n \n is pleased to announce that it has optioned its Mogote Copper-Gold Project, in San Juan Province,\n \n Argentina\n \n (\"Mogote\" or the \"Project\") to Australian-based Syndicate Minerals Pty (\"Syndicate\"). This is the third property option completed by the Company since early 2021, as part of its strategy to build a secondary value stream through joint-venture advancement of non-core exploration projects from the Company's more than 180,000-hectare property portfolio in Argentina.\n \n \n \n \n \n \n \n \n \n \n \"We look forward to this partnership with Syndicate to advance Mogote, providing another excellent opportunity for us to build value for our investors at no cost to us. Our previous success at Chinchillas left us strongly funded for exploration without further dilution to our shareholders and our team is focused on repeating that achievement at our new 100% held San Pietro copper project in\n \n Chile\n \n , while continuing to advance our other core projects through our five-step exploration process,\"\n \n commented\n \n Joseph Grosso\n \n ,\n \n Golden Arrow's\n \n Executive Chairman, President and CEO.\n \n \n \n Golden Arrow\n \n executed the Definitive Agreement (the \"Agreement\") through its wholly-owned Argentinean subsidiary. The agreement gives Syndicate the opportunity to earn an 85% interest in Mogote. An initial 80% interest can be earned by spending\n \n $5 million\n \n on exploration at the Project over five years and making cash payments of\n \n $1.9 million\n \n over five years, including a payment on signing of\n \n $150,000\n \n . After completion of the option earn-in, Syndicate has the option to complete a feasibility study and earn a further 5% interest. Afte...