Golden Arrow Continues Expansion of Argentina-based Chinchillas Deposit

Golden Arrow Resources Corp. (TSXV:GRG) announced results from six further holes completed as part of the Phase IV drill campaign taking place at its Argentina-based Chinchillas silver-lead-zinc deposit.

As quoted in the press release:

Results from four of the holes expand the known zones of mineralization in the eastern half of the deposit and are expected to contribute to a future expansion of the resource. Mineralization was also encountered in two additional exploration holes north of the main deposit area.

Highlight intercepts from these drill holes include:

• 153 g/t AgEq over 9 metres in CGA-157 (66 g/t Ag, 0.9% Pb, 1.8% Zn)
• 202 g/t AgEq over 11 metres in CGA-157 (163 g/t Ag, 0.6% Pb, 0.6% Zn)
• 119 gt AgEq over 11 metres in CGA-159 (58 g/t Ag, 0.8% Pb, 1.1% Zn)
• 124 g/t AgEq over 12 metres in CGA-160 (105 g/t Ag, 0.6% Zn)
• 116 g/t AgEq over 13 metres in CGA-161 (3.6% Zn)

The release also states:

The planned Phase IV drill program includes up to 16,000 metres of diamond drilling designed to contribute to the eventual feasibility study. Approximately 10,000 metres of the Phase IV drilling has been completed to date. The program goals include: testing the limits of the deposit in all directions, including at depth; in-filling drill hole-spacing to facilitate the upgrade of the resource categories to Measured and Indicated, and; drilling for infrastructure and geotechnical studies.

Brian McEwen, Golden Arrow’s vice president exploration and development, commented:

The majority of these drill holes tested the limits of the eastern, zinc-rich part, of the deposit known as the Socavon del Diablo. As with the western Silver Mantos area, we have yet to find the limits, and continue to hit mineralization as we step out laterally, and drill deeper. We look forward to results from additional holes in this area before the end of the program.

Click here to read the full Golden Arrow Resources Corp. (TSXV:GRG) press release.