#Chile #mining #San Pietro #Golden Arrow #Copiapó

Golden Arrow's San Pietro Project: Successful Phase 2 Drilling Results

Golden Arrow Resources Corporation has reported significant developments from the phase 2 drilling campaign at its San Pietro project located in Chile. The recent results emphasize the company's effective exploration efforts in a promising mineralized area, with substantial findings beyond initial expectations.

Overview of the Drilling Campaign

The phase 2 drilling campaign was initiated to enhance resource estimations in targeted areas, particularly focusing on the Rincones target. Over the course of this phase, a total of twenty-seven drill holes were successfully completed, totaling approximately 9,100 meters. Results from four newly drilled holes have specifically drawn attention due to their considerable copper, gold, cobalt, and iron mineralization. These findings are crucial in providing a clearer understanding of the project's mineral potential.

Key Mineralization Findings

The drill hole SP-DDH-31, for instance, unveiled a remarkable intercept of 102.6 meters with an average of 0.22% copper, 0.04 g/t gold, 100 g/t cobalt, and an impressive 16.2% iron starting at a depth of 67.4 meters. Within this section, 24.3 meters averaged 0.48% copper and 31% iron, revealing the high-grade potential of the Rincones target.

Brian McEwen, VP Exploration and Development at Golden Arrow, expressed his excitement about these findings, stating that not only did the team achieve successful infill drilling, but they also discovered that the mineralization footprint is larger than initially believed. This boosts confidence in the upcoming resource estimates and flagship technical report, targeted for completion in early 2025.

Surface Exploration and Future Plans

In addition to drilling, the Golden Arrow team has been engaged in extensive surface exploration throughout their 20,000 hectares of concessions. This work has led to the identification of new prospects, and the company intends to announce new drill targets that could be tested in phase 3 of the drilling program next year, pending the securing of additional permits.

Historical Context and Geologic Setting

The San Pietro project sits within a historically rich mining district, located 100 kilometers north of Copiapó, Chile. The region is known for its significant deposits of Iron oxide-copper-gold (IOCG), with San Pietro located adjacent to several notable mining operations. The geological framework of the project comprises andesite units within a Cretaceous-aged volcano-sedimentary sequence, which supports the formation of IOCG deposits, often characterized by the presence of cobalt and iron.

Quality Assurance Measures

To ensure the integrity of samples and data, Golden Arrow implemented rigorous quality assurance and control (QA/QC) protocols throughout the drilling campaign. Each step, from core logging to sample preparation, was conducted under close supervision to uphold industry standards and practices.

The phase 2 campaign has unequivocally reinforced the potential of the San Pietro project, positioning Golden Arrow strategically for future exploration and mining activities. As they advance into 2025, expectations are high for further success driven by detailed analysis of mineral resources and the hope for even richer discoveries during the next drilling phases.

In summary, Golden Arrow's continued commitment to exploration in Chile, coupled with promising early-stage results, underscores a bright future for the San Pietro project and the broader goals of the corporation.