Business

Golden Arrow Reports Commercial Production Declared at the Chinchillas Mine

Golden Arrow Reports Commercial Production Declared at the Chinchillas Mine Canada...

articleGolden Arrow Resources Corp.December 3, 20184/company/golden-arrow-resources-corp/news/golden-arrow-reports-commercial-production-declared-at-the-chinchillas-mine
Golden Arrow Reports Commercial Production Declared at the Chinchillas Mine

About this update from Golden Arrow Resources Corp.

[{"type":"text","content":"\n\n\n\nGolden Arrow Reports Commercial Production Declared at the Chinchillas Mine\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\nCanada NewsWire\nVANCOUVER, Dec. 3, 2018\n\n\n\nTSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWF\n VANCOUVER, Dec. 3, 2018 /CNW/ - Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), \"Golden Arrow\" or the \"Company\" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., (\"Puna\") has declared commercial production at the Chinchillas silver-zinc-lead mine as of December 1st 2018. \n\n \n \n\n \nGolden Arrow Chairman and CEO Joseph Grosso commented \"From our earliest successful exploration program at Chinchillas in 2012 we were convinced that this deposit had the potential to reach commercial production.  We thank our partners for their successful execution of this latest stage of the project and look forward to a long and robust mine life to provide value to our shareholders as we continue on our growth path.\"\nIn their news release dated December 3, 2018, Puna's operating partner, SSR Mining, reported:\n\"Activities required to support sustainable ore delivery from the Chinchillas mine to the Pirquitas plant have been completed, including pre-stripping of the pit, completion of road bypasses, refurbishment and mobilization of the haul truck fleet, and construction of the crushed ore stockpile dome at the Pirquitas site.  Ore delivery to the Pirquitas plant ramped up through November, and we demonstrated targeted haulage rates.  The Pirquitas plant processed Chinchillas ore at a rate of approximately 3,000 tonnes per day during test processing. We expect to progressively increase to our targeted plant throughput rate of 4,000 tonnes per day as the plant transitions to Chinchillas ore in December 2018.\nThe remaining scope of the Chinchillas project includes the completion of various infrastructure at the Chinchillas and Pirquitas sites, which is expected to be concluded through the first quarter of 20...

More updates from Golden Arrow Resources Corp.