Business
Golden Arrow Reports Additional Drill Results Including 43 m @ 359 g/t Silver Equivalent at Chinchillas Project, Argentina
(via Thenewswire.ca) Vancouver, BC / TNW-ACCESSWIRE / June 23 2014 / Golden Arrow Res...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"Golden Arrow Reports Additional Drill Results Including 43 m @ 359 g/t Silver Equivalent at Chinchillas Project, Argentina(via Thenewswire.ca)\n \n \nVancouver, BC / TNW-ACCESSWIRE / June 23 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. Seven of the eight reported drill holes encountered significant mineralization, highlighting that the existing resource has substantial potential to grow. The holes targeted both step-outs to the existing resource and exploration of new areas. \n\n\n \n\"We are pleased with these latest results, and with the success of the drill program to date,\" commented Golden Arrow VP Exploration and Development Brian McEwen. \"We are confident that we will increase resources at the project and position the Chinchillas deposit for a feasibility program.\" \n\n\n \nSeven of the eight holes reported here encountered mineralization, including:\n\n\n \n\n\n- 43 metres averaging 269 g/t silver and 2.8% lead at 98 metres depth in CGA-121, including 4 metres averaging 1218 g/t silver and 6.4% lead. \n\n\n\n- 9 metres averaging 185 g/t silver and 2% lead at 59 metres depth in CGA-122, including 1 metre averaging 761 g/t silver and 6.3% lead.\n\n\n\n- 14 metres averaging 187 g/t silver and 1.2% lead at 108 metres depth in CGA-122, including 3 metres at 594 g/t silver and 3% lead.\n\n\n\n- 7 metres averaging 147 g/t silver and 3.8% lead at 182 metres depth in CGA-122, including 1 metre @ 577 g/t silver and 15.7% lead.\n\n\n\n\n \n\"Argentina continues to be an attractive mining destination. The recent $470 million investment by First Quantum Minerals to acquire a project in northern Argentina underlines the great potential of the country,\" commented Golden Arrow President and C.E.O., Joseph Grosso. \"We believe this is another indication that Argentina's resource sector is set to grow, and the Chinchillas Project is positioned to grow along with it.\" \n\n\n \nThe Phase III drill program is designed to increase the existing resources at the Chinchillas deposit through exploration proximal to the deposit and in new areas of the properties. The program initially included a minimum of 6000 metres of diam...