Golden Arrow Achieves Promising Results from Phase 2 Drilling at San Pietro Copper-Gold Project in Chile
Golden Arrow Resources Corporation, trading under TSXV: GRG, has successfully concluded the Phase 2 drilling program at its San Pietro Project located in Chile, reporting results from the final two drill holes that highlight significant mineralization. The recently completed holes, designated SP-DDH-39 and SP-DDH-40, complemented earlier findings and collectively showcase an impressive expansion in the mineral resources of the Rincones target, stretching up to 400 meters further south.
Drilling undertaken at these locations has revealed that each hole encountered substantial copper, gold, cobalt, and iron values across expansive intervals. Notably, drill hole SP-DDH-39 showcased a striking 180 meters of mineralization with an average of 0.21% copper from a depth of 276.73 meters, while SP-DDH-40 featured 224 meters with an average of 0.20% copper, further confirming strong continuity and indicating a promising outlook for the project.
"Phase 2 drilling has certainly wrapped up on a positive note, confirming our expectations from previous exploration activities and demonstrating better mineralization continuity than was previously anticipated," remarked Brian McEwen, VP of Exploration and Development. He went on to express confidence that the upcoming mineral resource estimate (MRE) will reveal significant value for investors, underlining the success of the exploration efforts undertaken thus far.
The drilling program conducted throughout 2024 included 24 holes, accumulating a total of 8292 meters strategically focused on the Rincones advanced exploration target. Additionally, substantial insights have emerged from the newly identified Colla target area, with two further holes drilled yielding further exploration data. The mineralization present at the San Pietro Project typically exists in iron oxide-copper-gold forms along with cobalt deposits, characterized by an intricate juxtaposition of magnetite-rich mantos and various structural formations of specularite breccias.
A detailed ground magnetic survey was carried out over both the Rincones and Colla target zones, aiding in the prioritization of subsequent phases of drilling. The ongoing mapping and sampling process has been pivotal in uncovering new prospective areas, including new drill targets identified as Noemi and Lolita N. This extensive groundwork showcases Golden Arrow's commitment to exploration, as geologists systematically analyze nearly 20,000 hectares of the project.
The geological modeling indicates a robust mineral continuity correlating between SP-DDH-39, SP-DDH-40, and previous drill holes, solidifying the case for further exploration expansion towards the potential Colla area, situated approximately 600 meters away. This expansion towards the south-southeast could prove crucial in enhancing resource estimates moving forward.
The San Pietro Project itself is strategically located near significant mining operations, approximately 100 kilometers north of Copiapó, putting it in a resource-rich area with strong access to infrastructure. The site hosts a variety of mineral resources typical to iron oxide-copper-gold deposits, solidifying its potential stature within an already lucrative mining district in Chile.
Golden Arrow's exploration endeavors and data compilation fall under the supervision of qualified professionals adhering to recognized standards in mineral exploration. Looking ahead, the company is poised for a promising future, eager to return to the field and continue drilling to unlock further value and undertake new discoveries throughout the expansive project area, including bolstering known targets.
In summary, Golden Arrow Resources Corporation’s Phase 2 drilling at the San Pietro Project confirms a positive trajectory with encouraging results, showcasing both continuity and a potential increase in the existing mineral resource base, which could significantly impact its standing in the mining industry as further exploration unfolds.
Drilling undertaken at these locations has revealed that each hole encountered substantial copper, gold, cobalt, and iron values across expansive intervals. Notably, drill hole SP-DDH-39 showcased a striking 180 meters of mineralization with an average of 0.21% copper from a depth of 276.73 meters, while SP-DDH-40 featured 224 meters with an average of 0.20% copper, further confirming strong continuity and indicating a promising outlook for the project.
"Phase 2 drilling has certainly wrapped up on a positive note, confirming our expectations from previous exploration activities and demonstrating better mineralization continuity than was previously anticipated," remarked Brian McEwen, VP of Exploration and Development. He went on to express confidence that the upcoming mineral resource estimate (MRE) will reveal significant value for investors, underlining the success of the exploration efforts undertaken thus far.
The drilling program conducted throughout 2024 included 24 holes, accumulating a total of 8292 meters strategically focused on the Rincones advanced exploration target. Additionally, substantial insights have emerged from the newly identified Colla target area, with two further holes drilled yielding further exploration data. The mineralization present at the San Pietro Project typically exists in iron oxide-copper-gold forms along with cobalt deposits, characterized by an intricate juxtaposition of magnetite-rich mantos and various structural formations of specularite breccias.
A detailed ground magnetic survey was carried out over both the Rincones and Colla target zones, aiding in the prioritization of subsequent phases of drilling. The ongoing mapping and sampling process has been pivotal in uncovering new prospective areas, including new drill targets identified as Noemi and Lolita N. This extensive groundwork showcases Golden Arrow's commitment to exploration, as geologists systematically analyze nearly 20,000 hectares of the project.
The geological modeling indicates a robust mineral continuity correlating between SP-DDH-39, SP-DDH-40, and previous drill holes, solidifying the case for further exploration expansion towards the potential Colla area, situated approximately 600 meters away. This expansion towards the south-southeast could prove crucial in enhancing resource estimates moving forward.
The San Pietro Project itself is strategically located near significant mining operations, approximately 100 kilometers north of Copiapó, putting it in a resource-rich area with strong access to infrastructure. The site hosts a variety of mineral resources typical to iron oxide-copper-gold deposits, solidifying its potential stature within an already lucrative mining district in Chile.
Golden Arrow's exploration endeavors and data compilation fall under the supervision of qualified professionals adhering to recognized standards in mineral exploration. Looking ahead, the company is poised for a promising future, eager to return to the field and continue drilling to unlock further value and undertake new discoveries throughout the expansive project area, including bolstering known targets.
In summary, Golden Arrow Resources Corporation’s Phase 2 drilling at the San Pietro Project confirms a positive trajectory with encouraging results, showcasing both continuity and a potential increase in the existing mineral resource base, which could significantly impact its standing in the mining industry as further exploration unfolds.
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