Golden Arrow Posts Three-year Development Plan for Chinchillas

Golden Arrow Resources Corp. (TSXV:GRG) announced a three-year development plan for its Argentina-based Chinchillas silver project, commenting that its priority is to move it towards feasibility and then production.

Here’s what the first stage will look like:

• The Company is currently incorporating the results of the recently completed 9,000 metre diamond drill program into the geological model to update the resource estimate.
• Following the completion of the new resource estimate, the financial models will be revised, and new NI 43-101 technical reports will be issued, including an updated Preliminary Economic Assessment( PEA). The green outline in Figure 1 below represents the main areas where the resource is expected to expand based on the recent drill program.
• Infill and associated drill programs will be completed to upgrade resources to measured and indicated, delineate resource boundaries, and define the general layout. The blue outline in Figure 1 below represents the areas in which these drill programs are likely to occur.
• The geological model and resource estimate will be further updated to incorporate the drilling described above and prepare the project for a Feasibility Study, which is envisioned to take approximately 12 months.
• Based on a positive Feasibility Study and financing, the Company then plans to move to detailed engineering, permitting and mine construction.

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