Golden Arrow Intersects 107 Meters Averaging 89 g/t Silver Equivalent

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

All holes encountered mineralization, but one highlight is a 107-meter intersection of silver, lead and zinc averaging 89 g/t silver equivalent. It may indicate a “significant extension” to the Socavon Basement zone.

As quoted in the press release:

In regard to the planned Phase IV 16,000 metre drill program, approximately 11,000 metres have been completed. The deposit remains open in many directions and the Company is awaiting assay results in order to evaluate the best targets with which to complete the program. 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, vice president exploration and development at Golden Arrow, commented:

We are very pleased with these results, in particular hole 166, which along with our previously released hole 160, appears to be delineating an extension to the Socavon Basement zone that could increase the size of the deposit. We have drilled several more holes in this area and anticipate those results will further expand this zone.

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