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Golden Arrow Reports Drilling Ahead of Schedule at Chinchillas Silver Deposit; results include 4m @ 3,748 g/t silver, 5.2% lead and 2.0% zinc.
(via Thenewswire.ca) Vancouver, BC / TheNewswire / Decembe...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"Golden Arrow Reports Drilling Ahead of Schedule at Chinchillas Silver Deposit; results include 4m @ 3,748 g/t silver, 5.2% lead and 2.0% zinc.(via Thenewswire.ca)\n \n \n\n\n \n \nVancouver, BC / TheNewswire / December 16, 2015 / Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), \"Golden Arrow\") is pleased to announce the results of assaying of an additional thirteen drill holes in the Phase V drilling program at the Chinchillas Silver Project in Jujuy Province, Argentina. Results from the first eight drill holes were announced December 2nd, 2015. The drilling program is part of the Chinchillas Project pre-development activities, funded by Silver Standard, which are being undertaken to evaluate the feasibility of creating a combined mining business with Silver Standard's Pirquitas mine, as announced October 1st, 2015. The program is on-going and additional results will be announced as assays are received. \n\n\n \nSelected highlights from these drill holes include:\n\n\n \n\n\n-4 metres @ 3,748 g/t silver, 5.2% lead, 2.0% Zn in CGA-193\n\n\n\n-16 metres @ 273 g/t silver, 4.8% lead, 0.5% zinc in CGA-198G\n\n\n\n-31 metres @ 159 g/t silver, 1% lead\n\n\n\n-72 metres @ 162 g/t silver, 0.6% lead\n\n\n\n\n\n-including 5 metres @ 873 g/t silver, 1.3% lead\n\n\n\n\n\n\n \n\"We are pleased with the latest drill results that continue to indicate the robustness of the deposit. The team has made excellent progress with the program, and we will have completed over fifty percent more drilling than expected by the end of the year. This will accelerate the evaluation of the project and we now anticipate a resource update in the first quarter of 2016.\" commented Golden Arrow VP Exploration and Development, Brian McEwen. \n\n\n \nThe Phase V drill program started on October 19th 2015. To date, over 9,400 metres of drilling in 72 core holes has been completed, comprised mainly of infill holes in the Silver Mantos and Mantos Basement zones to upgrade the Mineral Resource categories, plus five geotechnical holes to support slope angle recommendations for the potential future pits. The program is on-going and will include additional infill drilling focused in the Silver Mantos area and drilling to characterize ground waters in the project area.\n\n\n \nTable 1 below includes the results from thirteen drill holes totaling 2,60...