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Golden Arrow Re-Releases Report of Substantial Increase in Resources Following Recent 9,000 m Drill Program at the Chinchillas Silver Project
(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / Septembe...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"Golden Arrow Re-Releases Report of Substantial Increase in Resources Following Recent 9,000 m Drill Program at the Chinchillas Silver Project(via Thenewswire.ca)\n \n \nVancouver, BC / TNW-ACCESSWIRE / September 2, 2014 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), \"Golden Arrow\" or the \"Company\") advises that it is re-releasing its news release which was issued August 29, 2014. Management felt it was important to re-release the news to ensure all of our shareholders and potential shareholders are aware of this important announcement, which was originally released just prior to the Labour Day long weekend.\n\n \n \nGolden Arrow is pleased to announce an updated NI 43-101 compliant resource estimate for the Chinchillas silver-lead-zinc project in Jujuy, Argentina. This updated resource incorporates additional drill results from the recently completed 37 hole 9,000 metre core drilling program.\n\n \n \nHighlights of the Resource Estimate\n\n \n \n\n\n- Indicated Resources of 95.9 million ounces silver equivalent (Ag Eq) at 121.1g/t Ag Eq grade (24.6 million tonnes grading 91.3 g/t silver, 0.65% lead and 0.31% zinc at a 40g/t Ag Eq cut-off) \n\n\n\n\n\n- Represents nearly a three-fold increase in indicated resources\n\n\n\n\n\n\n \n\n\n- Inferred Resource of 68.7 million ounces Ag Eq at 97.1 g/t Ag Eq grade (22.0 million tonnes grading 56.9 g/t Ag, 0.61% Pb and 0.68% Zn at a 40g/t Ag Eq cut-off). \n\n\n\n\n \n\n\n- Deposit still remains open to expansion\n\n\n\n- New resources expected to positively impact the updated Preliminary Economic Assessment, underway\n\n\n\n \n \n\"With an approximate 60% increase in resources, Chinchillas is proving to be a deposit of significant size, and we believe it has a future as an important mining project,\" stated Brian McEwen, VP Exploration and Development. \"The upcoming PEA will benefit from this increased resource and give us a better understanding of the mining potential. Furthermore, the deposit remains open in most directions and I am confident that our feasibility drill program will continue to expand the resource base.\"\n\n \n \nA NI 43-101 Technical Report supporting disclosure of this mineral resource will be filed by Golden Arrow on SEDAR within 45 days of this press release. In addition, Golden Arrow is now working to update the Preliminary Economic ...