Golden Arrow Continues to Expand Chinchillas Deposit

Golden Arrow Resources Corp. (TSXV:GRG) announced results from the first six holes of Phase IV drilling at its Chinchillas silver-lead-zinc deposit, situated in Argentina. They show that the deposit’s edges have not yet been reached.

The program will include up to 16,000 meters of drilling and will contribute to a feasibility study planned for Chinchillas.

Highlights include:

• 178 g/t silver and 1.6% lead (230 g/t silver equivalent) over 15 metres in CGA-132
• 91 g/t silver and 2.8% lead (281 g/t silver equivalent) over 32 metres in CGA-133
  • Including 1002 g/t silver, 10.6% lead, 1.1% zinc (1379 g/t silver equivalent) over 2 metres
• 86 g/t silver and 1.3% lead (128 g/t silver equivalent) over 26 metres in CGA-133
  • Including 333 g/t silver and 5.5% lead (510 g/t silver equivalent) over 3 metres
• 409 g/t silver and 2% lead (473 g/t silver equivalent) over 15 metres in CGA-135
• 286 g/t silver and 1.4% lead (331 g/t silver equivalent) over 12 metres in CGA-136

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

We are very pleased with these results, which include thick intersections of mineralization that show continuity between holes in some cases stepping out significantly from the existing resource and in others filling in the hole spacing. We are confident that these results and the rest of the drill program will continue to expand the resources at Chinchillas as we move the project towards feasibility.

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