Golden Arrow Resources Corporation (TSXV: GRG) has initiated its first diamond drilling programme at the Libanesa Silver-Gold project in Santa Cruz province, Argentina.
The programme will drill up to 2,000 m in holes ranging from 75 to 250 m in depth, testing the Cerro Redondo, Lagunita and Lagunita West prospects. Drills arrived at site and began drilling on March 16th. The initial programme should take about six weeks to complete.
“Our team has made excellent progress in the last few months confirming the previous prospects and delineating new targets at Libanesa. We are pleased to now move into the first drill phase at this highly prospective project,” VP Exploration and Development, Brian McEwen, said.
Golden Arrow entered into an option to acquire a 75% interest in Libanesa in the fourth quarter of last year. Libanesa is a 14,500-hectare silver-gold (lead) project located at the north-eastern margin of the Deseado Massif Gold-Silver metallogenic province, approximately 40 km northwest of the Cerro Moro Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas mine operated by Cerrado Gold.
Libanesa hosts several diversified geological, geochemical and geophysical supported targets. Since entering into the definitive agreement for the project, Golden Arrow has been conducting a detailed surface program to refine the previously defined targets and evaluate more of the property.
To date, the technical team has collected 274 channel and rock chip samples by opening 20 trenches. See Figure 1 for the location of the main prospects and the planned drill hole locations.
Libanesa Project Target Highlights
The Cerro Redondo prospect area includes a sub-circular feature, approximately one kilometre in diameter, that hosts multiple gold-silver-lead in rock anomalies inside and at its margins, plus additional targets within approximately 500 m.
Cerro Plomo is the principal target and is characterised by a well-mineralised gold-silver hydrothermal breccia that is exposed at surface and supported by both chargeability and resistivity geophysical anomalies at depth.
For further information please visit: https://goldenarrowresources.com/
