Golden Arrow Reports 25-percent Increase in Silver at Chinchillas

Golden Arrow Resources Corp. (TSXV:GRG) released an updated mineral resource estimate for its Argentina-based Chinchillas silver deposit. It includes results from 11,000 meters of new drilling.
Highlights of the estimate include:

• Indicated Mineral Resource of 104 million ounces of silver equivalent (AgEq) at 125g/t AgEq grade (25.9 million tonnes grading 77.2g/t silver, 0.66% lead, 0.66% zinc at a 45g/t AgEq cut-off)
• Inferred Mineral Resource of 140 million ounces of AgEq at 92 g/t AgEq grade (47.1 million tonnes grading 50.2 g/t silver, 0.52 g/t lead and 0.64 g/t zinc at a 45g/t AgEq cut-off)
• Deposit remains open to expansion

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

We are very pleased with this new resource estimate, which shows a 25% increase in silver and more than double the previous amount of zinc compared to the previous estimate. In addition to the increase in the size of the deposit, the latest drill campaign has added new drill targets.

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