UPDATE - Golden Arrow's New Mine Shows Tremendous Potential -- SECFilings.com

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UPDATE - Golden Arrow's New Mine Shows Tremendous Potential -- SECFilings.com

UPDATE - Golden Arrow's New Mine Shows Tremendous Potential -- SECFilings.com

REDONDO BEACH, CA--(Marketwired - May 9, 2017) - SECFilings.com, a leading financial news and information portal offering free real time public filing alerts, announces publication of an article covering Golden Arrow Resources Corp. (TSX VENTURE: GRG) (OTCQB: GARWF). The junior mining sector is riddled with companies that over-promise and under-deliver, but some companies have proven their ability to execute and create significant value. Golden Arrow Resources Corp. is a prime example of the latter after successfully developing its Chinchillas project into a joint venture with Silver Standard Resources Inc. -- a $1.18 billion major.

The article takes a look at the company's recent exploration program at the Antofalla silver-gold-base metal project and why it could hold as much potential as Chinchillas.

Antofalla's Promise
Golden Arrow's 8,760-hectare Antofalla project is a silver-gold-base metal project located in the Catamarca Province of Argentina. The project's volcanic dome complex and alteration zone showed known mineralization, but was unexplored by previous operators.

On May 2, the company announced the identification of several new high-potential targets and promising test results. The highlights of these test results included:

  • 281 g/t silver and 0.5% lead over 3.35 meters and 168 g/t silver over eight meters in channel samples from several new mineralized breccia "vents" located 380 meters southwest of the Colorada Breccia target where previous operators discovered 18 meters averaging 128 g/t silver, 0.23 g/t gold, and 0.88% lead.
  • 3.87 g/t gold, 146 g/t silver, and 1% lead along with 0.14 g/t gold, 4,404 g/t silver, and >30% lead in rock chip samples from similar breccia "vents" in the area.
  • 134 g/t silver over 0.8 meters in chip channel samples from the newly discovered Domos Norte target located 900 meters northwest of the Colorada Breccia target.
  • Preliminary high resistivity and high chargeability targets from the 6.3-kilometer line of IP/Resistivity conducted to date.

VP of Exploration & Development Brian McEwen summarized the findings saying, "Not since our first months at the Chinchillas project has the team been so excited about the potential for a significant discovery. The last three months have proven extremely successful in advancing our knowledge of the extensive system at Antofalla and the priority target areas. Our preliminary findings confirm that not only there are good opportunities to expand the known mineralization but also to define new mineralization outside the known zones."

The company's $2 million exploration program will focus on continuing to the sampling and mapping of targets, detailing stream sediment, completing geophysical studies, and conducting further reconnaissance to identify new targets. The budget also includes 3,000 meters of drilling that is planned for the second half of the year.

A History of Execution
Golden Arrow's management team -- the Grosso Group -- has decades of experience in the mining industry and strong relationships with key officials in Argentina. President Joseph Grosso is a respected entrepreneur that's joined by VP of Business Development Mr. Nikolaos Cacos, MIM, BSc and VP of Exploration and Development Brian McEwen, a professional geologist with more than 30 years of exploration and production experience around the world.

In 1993, Mr. Grosso met the ex-chief geologist for the Argentine government who explained the country's many early-stage opportunities. The two formed Minas Argentina SA and eventually discovered the Gualcamayo gold project, which Yamana Gold Inc. -- a $2.5 billion major -- now has in production and the Navidad project, the world's largest silver deposit that Pan American Silver Corp. -- a $2.5 billion major -- has going into production.

The recent joint venture with Standard Silver for its Chinchillas mine is only the latest in a series of high profile wins for the Grosso Group. With Antofalla's promising early results, the project could become another key victory for the company.

Please follow the link to read the full article: http://analysis.secfilings.com/articles/167-golden-arrow-s-new-mine-shows-tremendous-potential

About SECFilings.com
Founded in 2004, SECFilings.com provides free real time filing alerts to over 600,000 registered members and offers services to help public companies grow their audience of interested investors.

Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns SECFilings.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx.

SECFilings.com
Paul Archie
406-862-2242
parchie@secfilings.com

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