Golden Arrow Expands Chilean Copper-Gold Project with New Targets and Significant Findings

Golden Arrow Expands Chilean Copper-Gold Project

Golden Arrow Resources Corporation has recently reported exciting developments in its exploration activities at the San Pietro Copper-Gold project in Chile. This includes the initial results from new targets—Noemi and Lolita Norte—and the acquisition of additional concessions known as Cerro Sur, enhancing the potential for future discoveries in gold and copper.

Overview of New Targets

The exploration at the Noemi site, situated approximately 7 kilometers from the existing Rincones resource area, is particularly promising. Sampling has revealed high-grade mineralization indicative of Iron-Oxide Copper Gold (IOCG) deposits, with notable rock chip samples showing significant quantities of copper and gold. For example, one sample averaged 3.41% Cu and 0.26 g/t Au over 1.4 meters, signifying the robust potential of this area.

The geological features at Noemi comprise breccias and veins rich in quartz, carbonate, and copper oxides, which are characteristic of productive IOCG deposits like those seen in the region's Rincones Colla deposits. Additionally, prominent north-south trending breccias could yield large gold targets, with one channel sample from the Florencia structure yielding impressive values of 3.0 meters with an average of 4.19 g/t Au and 2.08% Cu.

Similarly, the Lolita Norte target promises considerable findings, as initial sampling has confirmed the presence of gold and copper across a 1.9-kilometer strike. This area is thought to be connected to historically mined veins, further supporting the project’s viability.

Cerro Sur Concession Acquisition

The Cerro Sur concession package, which spans 1,500 hectares, was acquired to further bolster Golden Arrow's exploration capabilities. Previous exploration in this area suggests extensive historical drilling has occurred, although Golden Arrow must still validate this information. Historic drilling results indicate exceptional intervals, including samples with up to 27.9 g/t Au and significant copper readings, showcasing the area’s potential.

Brian McEwen, Vice President of Exploration and Development at Golden Arrow, remarked on the exploration program's findings, emphasizing the vast potential remaining at San Pietro. He noted that the promising results from both Noemi and Lolita Norte indicate the likelihood of substantial gold deposits, particularly with the newly acquired Cerro Sur area offering significant opportunities for additional discoveries.

Ongoing Exploration Efforts

Golden Arrow is committed to systematic exploration across the San Pietro properties, with over half of the area remaining untested. The company plans to refine target areas in preparation for an advanced drilling program aimed at expanding its resource base and identifying new deposits.

In 2024, the team embarked on detailed geological mapping across the site, in addition to conducting a comprehensive ground magnetic survey. As exploration continues, the emphasis will shift to detailed mapping and sampling methodologies to delineate further targets for upcoming drilling endeavors.

With a strategic focus on enhancing the resource delineation at existing deposits while tapping into newly identified opportunities, Golden Arrow is positioning itself as a pivotal player in Chile's rich copper and gold landscape. As they advance their operations at San Pietro, the mining community will be watching closely, given the region's history of valuable mineral discoveries.

Conclusion

With the unfolding developments at San Pietro, Golden Arrow Resources is steadily proving its commitment to uncovering and advancing mineral discoveries in Chile. As exploration intensifies and preliminary results from new targets roll in, the potential for significant copper and gold deposits remains promising, reinforcing Golden Arrow's standing in the exploration sector.