Golden Arrow Resources Corporation (TSXV: GRG) has increased the size of its first diamond drilling programme at the Company’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile.
The campaign has grown from 2,650m in seven holes, to approximately 3,500m in 10 holes. Drilling is now anticipated to be completed by the end of May, which is approximately when the first assays from the program are expected to be reported.
“This small test programme is shaping up to be a great success. While we are still awaiting assays, in many instances the drill core logging alone has confirmed the interpretations that we were testing,” VP Exploration and Development, Brian McEwen, said.
“In particular, logging of the first two holes at the Rincones target validated our new geological model for that zone, which was a major achievement in understanding the controls on mineralization. We decided to put the new model to the test by putting holes into several priority areas for expanding the known mineralization which we hadn’t planned in this phase. In the meantime, we expect results for the two holes into the exciting Colla cobalt exploration target located 2km from Rincones, followed by those for the other targets.”
The additional drill holes are all at Rincones, which is a near-term resource target and the focus of most of the work to date at the project. In total, six holes were selected for Rincones in this phase.
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