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Golden Arrow Reports Additional Drill Holes and Adds New Target Potential to Chinchillas Project, Argentina
(via Thenewswire.ca) NEWS RELEASE - July 22, 2014 Golden Arrow ...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"Golden Arrow Reports Additional Drill Holes and Adds New Target Potential to Chinchillas Project, Argentina(via Thenewswire.ca)\n \n \nNEWS RELEASE - July 22, 2014\n\n\n \nGolden Arrow Reports Additional Drill Holes and Adds New Target Potential to Chinchillas Project, Argentina \n\n\n \nVancouver, BC / TNW-Accesswire / July 22, 2014 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), \"Golden Arrow\" or the \"Company\") is pleased to announce additional results from the 9000 metre Phase III drill program at the Chinchillas Silver Project in Jujuy province, Argentina. The three holes reported here are the last of seven holes drilled into the new South Dome and Pascua targets, situated between 500 metres and 1500 metres south of the existing Chinchillas resource. (See news release dated May 29th, 2014 for the results of holes CGA-111 to CGA-114.) \n\n\n \n\"All seven holes in this new southern area returned significant silver, lead and zinc intercepts, which is a great success for a first drill program,\" commented Golden Arrow VP Exploration and Development Brian McEwen. \"We now estimate that this area, which covers just under a square kilometre, has a target potential of between 100 and 160 million tonnes at grades ranging from 32 to 40 grams per tonne silver equivalent. As we move the project to feasibility, it is a bonus to have an entirely new area with the potential to add 100 to 200 million ounces of silver equivalent to the project in the future.\" \n\n\n \nHighlights of the results include:\n\n\n \n\n\n?CGA-123 had mineralized intervals including silver, lead and zinc, from near surface to nearly 350 metres depth, with individual zinc values as high as 3.2%. \n\n\n\n\n \n\n\n?CGA-124 had mineralization from 68 metres to over 350 metres depth, including 56 metres grading 30g/t silver, 0.5% lead and 0.9% zinc, or 75g/t silver equivalent, at 230 metres depth. \n\n\n\n\n \n\n\n?CGA-128 returned several mineralized intersections, including 13 metres grading 0.6% zinc at 194 metres depth. \n\n\n\n\n \nTarget potential grades and quantities are conceptual in nature. There has been insufficient exploration to define a mineral resource, nor is it certain that further exploration will result in the target being delineated as a resource. \n\n\n \nThe Phase III drill program is designed to increase the existin...