Golden Arrow Resources Corp. (TSXV:GRG) announced that five exploration drill holes at its Argentina-based Chinchillas silver project have hit “significant mineralization over a previously untested wide-spread area up to 1.5 kilometres away from the existing resource.”

Highlights include:

• CGA-110: 17 metres averaging 0.5% lead and 3.4% zinc (126 g/t AgEq) at 218 metres depth
• CGA-113: Returned forty-one intercepts over 381 metres, including:
  • 15 metres averaging 181 g/t silver, 1.1% lead (216 g/t AgEq) at 308 metres depth
  • Including 1 metre grading 2031 g/t silver, 9.5% lead
• CGA-114: 45 metres averaging 0.8% zinc at 91 metres depth in CGA-114, including several higher grade intercepts such as:
  • 3 metres averaging 70g/t silver, 1.1% lead and 1.5% zinc (154 g/t AgEq)

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

To have all five holes hit significant mineralization, spanning over forty hectares of this previously undrilled zone on Chinchillas, is very exciting. This area represents two-thirds of our land holdings at the project and it remains under-explored, so we are eager to follow up with more drilling to outline new resource targets here.

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