Golden Arrow Resources Corporation (TSXV:GRG | FSE:G6A | OTCQB:GARWF), has reported results for the remaining six holes of its 4,000m phase one drilling programme at the company’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile.
All six holes reported are from the Rincones target, which is the most advanced target and the focus of its first resource delineation plan for the project. The six holes drilled in Rincones successfully validated the geological model described previously and encountered Cu-Co-Au-Fe mineralization.
“We are thrilled with the results from our first drilling at Rincones. This programme was about improving our understanding of the geology and structure of the project so that we could move on to more detailed work, followed by a resource delineation programme,” commented Brian McEwen, VP of exploration and development.
“We met our original objective at Rincones, confirmed our updated model, and found excellent mineralization where we hoped, which is fantastic and means we can move forward quickly with the next programme. What’s more, the surprises from drilling were all positive, including strong copper and cobalt mineralization in the largely undrilled central area of the target, and generally stronger gold mineralization than anticipated.”
Holes SP-DDH-07 and -12 confirmed the presence of wide mineralized packages close to the surface below 10m to 15m of alluvium cover, providing confidence for conducting new exploration at covered targets.
Results are highlighted by:
- 64.2m @0.86% Cu, 0.20g/t Au, 196g/t Co and 25.9% Fe starting at 42.8m depth, and
- 75.0m @0.23% Cu, 0.03g/t Au and 67g/t Co starting at 243m depth, followed by a short high-grade Co-Fe interval of 3.3 m @0.22% Cu, 0.05g/t Au, 333g/t Co and 33.37% Fe.
Hole SP-DDH-05, drilled 300m southwest of SP-DDH-12 in the southern Rincones area, returned:
- 79.8m @0.29% Cu, 0.05g/t Au and 179g/t Co, including 15.3m @0.64% Cu, 0.10g/t Au, and 388g/t Co at 272.1m depth.
Hole SP-DDH-12 was drilled into the sparsely tested central part of the Rincones target area and tested the depth extent of a newly mapped copper-bearing magnetite outcrop.
Rincones remains the most advanced target of the project for Golden Arrow Resources and it appears that mineralization is open in all directions. With the information collected from this programme, a new 3D geological model is being constructed which will help to define priority targets for the next drilling phase.
For further information, please visit: www.goldenarrowresources.com
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