Golden Arrow Resources Corporation: Significant Extension of the Rincones Target at San Pietro Project
VANCOUVER, BC,
Golden Arrow Resources Corporation (TSXV: GRG, FSE: G6A, OTCQB: GARWF), a leading mineral exploration company, is thrilled to share the results of the final two holes from the Phase 2 drill program at its San Pietro Copper-Gold-Iron-Cobalt Project in Chile. The Rincones target, a significant discovery for Golden Arrow, has been extended by approximately 400 metres to the south.
Drill Results Highlights
The two newly reported holes, SP-DDH-39 and SP-DDH-40, display consistent mineralization and broad intersections. The first hole, SP-DDH-39, intersected 153.0 metres of 0.26% copper, 0.07 g/t gold, 1.1 g/t iron, and 0.05% cobalt from 168.5 to 321.5 metres. The second hole, SP-DDH-40, showed 101.5 metres of 0.22% copper, 0.06 g/t gold, 1.0 g/t iron, and 0.03% cobalt from 139.5 to 241.0 metres.
Significance of the Extension
These results, along with the previously reported holes SP-DDH-29 and SP-DDH-38, demonstrate the continuity and size potential of the Rincones target. The mineralization remains open to the south and at depth, providing an excellent opportunity for further exploration and resource growth.
Impact on Shareholders
These positive drill results may lead to increased investor interest in Golden Arrow Resources Corporation, potentially driving up the share price. Shareholders may also benefit from potential future resource upgrades and expansion plans based on the growing size and potential of the Rincones target.
Global Implications
The successful extension of the Rincones target at the San Pietro Project not only benefits Golden Arrow but also the mining industry as a whole. The discovery of large, high-grade copper, gold, iron, and cobalt deposits is vital in addressing the growing demand for these metals in various industries, including renewable energy, construction, and technology.
Future Plans
Golden Arrow Resources Corporation intends to continue its exploration efforts at the San Pietro Project, aiming to further delineate the Rincones target and potentially discover new targets. The Company remains committed to maximizing shareholder value through its strategic acquisitions, exploration activities, and operational excellence.
Conclusion
The recent drill results from the Rincones target at the San Pietro Copper-Gold-Iron-Cobalt Project in Chile have confirmed a significant extension of the mineralization, increasing the potential for resource growth and future development. These discoveries not only benefit Golden Arrow shareholders but also contribute to the global demand for essential metals in various industries. Golden Arrow remains dedicated to its exploration activities and growth initiatives, ensuring long-term value for its stakeholders.
- Golden Arrow Resources Corporation reports significant extension of Rincones target at San Pietro Project
- Final two holes, SP-DDH-39 and SP-DDH-40, confirm mineralization continuity
- Rincones target remains open to the south and at depth, offering resource growth opportunities
- Shareholders may benefit from increased investor interest and potential resource upgrades
- The discovery of large, high-grade copper, gold, iron, and cobalt deposits contributes to global demand in various industries
- Golden Arrow committed to exploration activities and growth initiatives
