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Golden Arrow Reports High-Grade Results from Initial Sampling Program at the Flecha de Oro Project, Argentina

Mining News - Published on Thu, 12 Dec 2019

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Golden Arrow Resources Corporation has provided an update regarding its ongoing exploration programs at the Flecha de Oro gold project in Rio Negro Province in Argentina. As part of the ongoing surface exploration program at the Esperanza property, detailed channel sampling is underway on multiple veins identified to date, which have a cumulative strike length of more than 16 kilometres. Golden Arrow's VP Exploration and Development Brian McEwen said "These early surface samples at Esperanza exhibit similarities to other epithermal precious-metal producing districts, including high-grade precious and base metal mineralization, and the variety and extent of epithermal textures. This supports our belief in the potential to discover a significant deposit at the project, and we took forward to delineating targets as we move the program forward."

Highlights of gold analytical results received so far, from samples collected across individual veins include:
24.0 g/t Au over 2 metres
4.16 g/t Au over 2 metres
4.21 g/t Au over 1 metre

In addition, a distinct set of veins host silver-base metal mineralization and are believed to represent a separate pulse of mineralization. Highlights include:
99 g/t Ag and 2.8% Cu over 0.2m
129 g/t Ag, 3.5% Cu and 0.2% Bi over 1.2m
52 g/t Ag, 0.25% Cu and 724 g/t V over 0.3m
88 g/t Ag, 5.53% Pb and 2.21 % Zn in vein float samples

Ground magnetic surveying, surface mapping and sampling continues and will be followed by detailed mapping and trenching in the highest potential areas to refine Phase I drilling targets. At the Puzzle property, a ground magnetic survey is in progress to define the extension of the low magnetic anomaly identified earlier this year. This low magnetic anomaly is coincident with quartz vein and stockworking, with gold mineralization.

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Posted By : Rabi Wangkhem on Thu, 12 Dec 2019
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