Golden Arrow Provides More Results from Phase III Drill Program

Golden Arrow Resources Corp. (TSXV:GRG) announced further results from the 8,000-meter Phase III drill program at its Argentina-based Chinchillas silver project.

As quoted in the press release:

Of particular interest is hole CGA-107, which intercepted 105 metres with average grades of 1.6% zinc and 54 g/t silver starting at 127 metres depth. On a silver-equivalent basis this intercept is 105 metres grading 106 g/t silver equivalent. This hole is located in the North Slope area, 320 metres northwest of the main Socavon del Diablo Zone of the resource.

Brian McEwen, vice president of exploration and development, commented:

These new holes have identified additional mineralization which will increase the silver resources at Chinchillas. Furthermore, with the current positive market outlook for zinc we believe that results like those of hole 107 will enhance the value of the deposit, and provide us with another target type to explore on the property.

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