Golden Arrow Reports Further Phase V Drill Results from Chinchillas

Golden Arrow Resources Corp. (TSXV:GRG) released assay results for a further 17 drill holes completed as part of Phase V drilling at its Argentina-based Chinchillas silver project.

As quoted in the press release:

Previous results from the program were reported in news releases dated December 2nd 2015, December 16th, 2015 and January 11th, 2016. 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.

Selected highlights from these drill holes include:

• 210 g/t silver and 0.9% lead over 52 metres in CGA-237
  • Including 1,024 g/t silver and 3.1% lead over 3 metres
  • And including 1,324 g/t silver and 4.8% lead over 4 metres
• 255 g/t silver over 27 metres in CGA-235
  • Including 733 g/t silver over 5 metres
• 192 g/t silver over 26 metres in CGA-232
  • Including 1,100 g/t silver in 1 metre

The Phase V drill program started on October 19th 2015 and since then over 10,800 metres of drilling has been completed. The program is 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, drilling to characterize ground waters in the project area, and condemnation drilling around the deposit.

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

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