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Golden Arrow Resources Corp.
Summary
| Project: | Antofalla | |
|---|---|---|
| Deposit: | Antofalla | |
| Location: | Argentina | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 9/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2018: Golden Arrow Resources Corp. announces an Exploration/Drilling Update report for its Antofalla deposit at the Antofalla project. Drilling results incl. 34.0m @ 0.23g/t Au, 10g/t Ag from 314m. Vancouver, BC / Newswire / September 4, 2018 / Golden | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian McEwen (Internal) | |
| ABSTRACT: | Vancouver, BC / Newswire / September 4, 2018 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), “Golden Arrow” or the “Company”) is pleased to announce the results from the Company’s first diamond drill program at the Antofalla silver-gold-base metal project in Catamarca Province, Argentina. The program included over 3,000 metres of drilling in 11 holes testing the "Dome Zone," an area of approximately 4 by 4 kilometres. The program identified a new geologic target at the Cizalla Norte zone, consisting of silver and base metal mineralization in a shear belt, comprised of two parallel composite shear zones, and underlying sandstones. The shear belt incorporates silicified breccias, as intercepted in hole DDA-07 which returned up to 3 metres averaging 191 g/t silver. In the same drill hole, multiple intersections over a 70 metre interval in the adjacent sandstone were well mineralized, including 1 metre averaging 283 g/t silver and 2.1% zinc, 3 metres averaging 131 g/t silver, and, 1 metre averaging 110 g/t silver, 1.7% lead and 4.1% zinc. The hole ended in mineralization at 275 m depth. “We are encouraged by the program results, particularly from this new shear zone which appears to have some similarities to mineralization at Chinchillas. With just two drill holes into this 650-metre-long shear belt the target remains open for expansion in both directions and to depth. In addition, the array of current targets in the Dome Zone covers an area of over 1600 hectares, so further geophysics and follow-up drilling is required to properly determine the full potential of the project. We have made the second option payment to the vendor so that we are able to proceed.” commented Brian McEwen, Golden Arrow’s Vice President of Exploration and Development. | |
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