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Golden Arrow Triples Size of Chinchillas Silver 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":"Golden Arrow Triples Size of Chinchillas Silver Project(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 the granting of additional concessions that surround the Chinchillas Project, effectively, tripling the area of the entire property to 1,160 hectares. The mining authority has granted the concessions as well as the drill permit for the newly acquired area.\n\n \n \nThe mineralization delineated at the Chinchilla silver project is open in all of these directions and the potential to expand the current resource is high. To date the silver resource is 32.6 million ounces Ag Eq indicated and 72.2 million ounces Ag Eq inferred*.This additional ground will be the focus of the next phase of exploration, with surface mapping, geochem sampling and geophysics all planned. The Phase III drill program will incorporate additional drill targets. The objective of The Phase III drill program is to increase the size of the recently released Indicated and Inferred silver-lead-zinc resource (see news release dated May 9th, 2013).\n\n \n \nIn addition, Golden Arrow is undertaking an internal economic analysis of the Chinchillas Project to determine whether to complete a Preliminary Economic Assessment prior to, or after, completing the drill program. The internal review is being coordinated by independent consultant Ken Kuchling, a mining engineer specializing in economic reviews.\n\n \n \nGolden Arrow has also engaged the services of Knight Piesold Ltd. (KPL) of Vancouver to commence engineering studies for the Chinchillas Project. The work will include a preliminary mine development plan as well as the commencement of environmental and social baseline studies. KPL is an international consulting company providing engineering and environmental services for the mining, power, water, transportation and construction sectors. KPL has offices in Mendoza, and has provided engineering services for several prominent mining projects in Argentina, including the Pirquitas, Alumbrera and Gualcamayo.\n\n \n \nConcurrent with the engineering studies, Golden Arrow is continuing its metallurgical testing program with Inspectorate Exploration & Mining Services Ltd. Initial flotation results were very positive for the recovery of silver, lead and zinc...