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Golden Arrow Reports First NI 43-101 Resource Estimate at Chinchillas Silver-Lead-Zinc Project
(via Thenewswire.ca) Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ)...
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":"\nGolden Arrow Reports First NI 43-101 Resource Estimate at Chinchillas Silver-Lead-Zinc Project\n\n(via Thenewswire.ca)\n \n \nGolden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), \"Golden Arrow\" or the \"Company) is pleased to announce its initial independent NI 43-101 complaint resource estimate for the Chinchillas silver-lead-zinc project in Jujuy, Argentina. The resource estimate includes 7.2 million tonnes grading 119 g/t silver, 0.57% lead and 0.48% zinc (32.6 million ounces silver equivalent (Ag Eq) at 141 g/t Ag Eq, and a 50g/t Ag Eq cut-off) in the indicated category, and a further 21 million tonnes grading 78 g/t Ag, 0.69% Pb and 0.62% Zn (72.2 million ounces Ag Eq at 107 g/t Ag Eq grade and 50 g/t Ag Eq cut-off) in the inferred category. (Refer to Tables 1 and 2 below for details.)\n\n \n \n\"The Company is thrilled to have completed its first NI 43-101 resource estimate of more than 100 million ounces of silver equivalent combined in indicated and inferred categories. Given that the deposit appears to be open in all directions, the Company is confident that the potential for the estimate to increase is high with the completion of the Phase 3 drill program planned for the third quarter of this year. The favorable geometry of the deposit for open pit mining, combined with our recently completed metallurgical test program, and good infrastructure should allow us to advance this to a preliminary economic evaluation quickly as we expand the resource estimate.\" stated Brian McEwen, VP Exploration and Development.\n\n \n \nExploration Program\n\n\n \nThe preliminary metallurgical report on samples from Chinchillas concluded, \"The samples responded very well to sulphide flotation, with silver recoveries averaging 98.7%, accompanied by very high lead and zinc recoveries.\" (Please refer to the original news release dated May 6th, 2013). \n\n \n \nMetallurgical test work is continuing to optimize the flow sheet with the goal of producing a separate high-grade silver-bearing lead concentrate and a zinc concentrate. \n\n \n \nIn addition, Golden Arrow is planning a third drill campaign at Chinchillas. This program will include both infill drilling to upgrade the existing resource categories, and exploration drilling to identify new resources. The existing zones appear to be open in all directions and at de...