Golden Arrow Resources Corp. (TSXV:GRG) announced further results from a 9,000-meter Phase III drill program at its Argentina-based Chinchillas silver project. Seven out of eight drill holes encountered “significant mineralization.”

Results from those holes include:

43 metres averaging 269 g/t silver and 2.8% lead at 98 metres depth in CGA-121, including 4 metres averaging 1218 g/t silver and 6.4% lead.
9 metres averaging 185 g/t silver and 2% lead at 59 metres depth in CGA-122, including 1 metre averaging 761 g/t silver and 6.3% lead.
14 metres averaging 187 g/t silver and 1.2% lead at 108 metres depth in CGA-122, including 3 metres at 594 g/t silver and 3% lead.
7 metres averaging 147 g/t silver and 3.8% lead at 182 metres depth in CGA-122, including 1 metre @ 577 g/t silver and 15.7% lead.

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

We are pleased with these latest results, and with the success of the drill program to date. We are confident that we will increase resources at the project and position the Chinchillas deposit for a feasibility program.

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

Click here to read Silver Investing News’ recent interview with McEwen.