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Golden Arrow Starts Drilling at Antofalla Silver-Gold-Base Metal Project, Argentina
VANCOUVER, B.C., March 22, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (TSX-V:GRG) (FSE:GAC) (OTCQB:GARWF), (“Golden Arrow” or the “Company”) is
About this update from Golden Arrow Resources Corp.
[{"type":"text","content":" VANCOUVER, B.C., March 22, 2018 (GLOBE NEWSWIRE) -- Golden Arrow Resources Corporation (TSX-V:GRG) (FSE:GAC) (OTCQB:GARWF), (“Golden Arrow” or the “Company”) is pleased to announce that the Company has commenced the first diamond drill program at the Antofalla silver-gold-base metal project in Catamarca Province, Argentina. The program is planned to include up to 3,000 metres of drilling on multiple targets that were delineated in the 2017 surface exploration and trenching programs. “Our initial exploration results at Antofalla confirmed similarities with our Chinchillas Silver Deposit and identified previously unreported targets,” commented Brian McEwen, Golden Arrow’s Vice President of Exploration and Development. “We completed more detailed work, including trenching, in the fourth quarter of 2017, in order to prioritize the various zones. We now look forward to our first look at the sub-surface of these exciting targets.” The main focus of exploration is the \"Dome Zone\" an area of approximately 4 by 4 kilometres which includes a series of dacitic and rhyolitic volcanic domes and flows, dacitic breccias and a wide range of pyroclastics units. Two drill rigs are in use, working two shifts daily, and drilling is expected to continue until the middle of the second quarter. About the Antofalla Project The Antofalla Project includes a Miocene Dome complex hosted in Permian conglomerates and sandstones, with signatures of both high and low sulphidation epithermal mineralization. Mineralization was identified in several areas of the Dome Zone by prior operators, and a review of the initial data indicated similarities to the geologic model for Golden Arrow’s Chinchillas silver project in Jujuy province which is now being developed by Puna Operations Inc. (https://goldenarrowresources.com/projects/jujuy-province/chinchillas). In 2016-2017 Golden Arrow completed mapping, chip and channel sampling, detailed soil sampling and surface IP/Resistivity surveys (see news releases dated October 17th, 2016, May 7th, 2017 and July 11, 2017, filed on SEDAR) followed by 700 metres of trenching in the fourth quarter of the year. The trenching and drilling programs required significant road building and road upgrading to better access target areas, and a temporary camp currently accommodating 32...