Categories: Coin Shop Blog

Golden Arrow Reports Phase V Assay Results from Chinchillas

Golden Arrow Resources Corp. (TSX:GRG) announced assay results from a further 27 holes completed as part of Phase V drilling at its Argentina-based Chinchillas silver project.

As quoted in the press release:

The Phase V drill program started on October 19th 2015. To the end of 2015, over 10,393 metres of drilling in 80 core holes was completed, comprised mainly of infill holes in the Silver Mantos and Mantos Basement zones to upgrade the Mineral Resource categories, plus five geotechnical holes to support slope angle recommendations for the potential future pits. Following the holiday break, the program has now recommenced and will include additional infill drilling focused in the Silver Mantos area, drilling to characterize ground waters in the project area as well condemnation drilling.

Results from the first twenty-one drill holes were previously announced in news releases dated December 2nd and December 16th, 2015. The drilling program is part of the Chinchillas Project pre-development activities, funded by Silver Standard, which are being undertaken to evaluate the feasibility of creating a combined mining business with Silver Standard\’s Pirquitas mine, as announced October 1st, 2015. The program is on-going and additional results will be announced as assays are received.

Highlights from the new set of results include:

58 metres averaging 177 g/t silver, 0.9% lead in CGA-206

50 metres averaging 136 g/t silver, 2.4% lead and 0.5% zinc in CGA-208

49 metres averaging 673 g/t silver, 4.0% lead and 0.8% zinc in CGA-210
Including 13 metres averaging 1,589 g/t silver, 7.5% lead and 1% zinc

30 metres averaging 637 g/t silver, 2.1% lead in CGA-219
Including 9 metres averaging 1,896 g/t silver, 3.8% lead

66 metres averaging 233 g/t silver, 0.7% lead in CGA-223
Including 8 metres averaging 910 g/t silver

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