Golden Arrow Resources Corporation Reports Positive Results from Drill Holes
TSX Venture Exchange (TSX-V): GRG Frankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWF
VANCOUVER, BC – Dec. 10, 2024
Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), (“Golden Arrow” or the “Company”), has announced the results from an additional four drill holes, including another infill hole at the Rincones target, revealing over 100 meters of significant copper, gold, cobalt, and iron mineralization.
One of the notable results was from drill hole SP-DDH-31, which showed 102.6 meters averaging 0.22% Cu, 0.04 g/t Au, 100 g/t Co, and 16.2% Fe, starting at 67.4m depth. This included 24.3 meters averaging 0.48% Cu, 0.07 g/t Au, 214 g/t Co, and 31% Fe.
Brian McEwen, VP Exploration and Development for Golden Arrow, stated, “Our Phase 2 Drill Program has exceeded expectations. The mineralization footprint at Rincones is larger than anticipated, with longer significant intervals downhole. We are eagerly awaiting results from six more holes.”
Golden Arrow Resources Corporation’s findings indicate promising potential for resource estimation and further exploration at the Rincones target.
How This News Will Impact Me
As an investor, positive exploration results from Golden Arrow Resources Corporation may lead to increased interest in the company’s stocks. It is essential to monitor future developments to make informed investment decisions.
How This News Will Impact the World
Positive results in mineral exploration can potentially contribute to the global supply of copper, gold, cobalt, and iron. These metals are essential in various industries, including technology, construction, and renewable energy, impacting the world economy.
Conclusion
The recent drill results from Golden Arrow Resources Corporation showcase the potential for significant mineralization at the Rincones target. This news can have implications for investors and the global supply of essential metals, emphasizing the importance of ongoing exploration efforts.
