#Chile #San Pietro #Golden Arrow #Copiapó #Copper-Gold-Iron-Cobalt

Golden Arrow Releases Significant Report on Chile's San Pietro Project's Mineral Resources

Golden Arrow Resources Corporation has recently filed a comprehensive NI 43-101 technical report concerning its San Pietro Copper-Gold-Iron-Cobalt Project located in Chile. This report marks a pivotal milestone, as it substantiates the company's first mineral resource estimate (MRE) for this promising project, first reported on February 28, 2025.

Overview of the Report

The document titled Mineral Resource Estimate for the San Pietro Copper-Gold-Iron-Cobalt Project, Atacama Region, Chile is accessible through the company's profile on SEDAR+ and will also be available on the Golden Arrow website. The report carries an effective date of January 24, 2024, and it provides a detailed overview of the inferred mineral resources present at the San Pietro site.

Summary of Mineral Resource Estimate

According to Table 1 of the report, the inferred mineral resource estimates are particularly promising, revealing both oxide and sulphide classifications:

• - Inferred Mineral Resource Estimates for Rincones Colla Deposits:

- Oxide: 83 Mt at 0.42% CuEq (Copper Equivalent)
- Sulphide: 410 Mt at 0.41% CuEq
- Total (All): 492 Mt at 0.41% CuEq

This data underscores a notable potential for mineral extraction, providing a foundation for further exploration activities and investment in the region.

Project Background

The San Pietro project spans around 20,000 hectares, located about 100 kilometers north of Copiapo, within a region well-known for its rich mining history. It sits strategically between significant mining operations, namely Capstone Copper's Mantoverde copper mine and the Santo Domingo copper-iron project. The geological backdrop of the project is mainly characterized by andesite units, derived from Cretaceous volcanic and sedimentary sequences, alongside related granodiorite and diorite intrusive rocks.

The mineralization discovered at San Pietro is typical of Iron Oxide Copper Gold (IOCG) systems and contains additional cobalt deposits. Notably, it appears in various forms including mantos, breccias, and veins. This mineralization is also associated with key alteration minerals such as actinolite, epidote, chlorite, and scapolite, which indicate significant geological processes that have occurred in the area.

Implications of the Report

The technical report not only reinforces Golden Arrow’s position as a key player in mineral exploration but also supports the company's strategy moving forward. It serves as a foundation for potential investors, indicating that more investment and exploration activities could enhance the confidence in the resource estimates.

It’s essential to note that while the mineral resources disclosed adhere to the NI 43-101 standards, they do not constitute mineral reserves. The lack of demonstrated economic viability means that actual extraction requires additional validation and development work. As stated, there is no assurance that any part of the inferred mineral resources will ultimately convert into mineral reserves.

Future Considerations

Moving forward, Golden Arrow is focused on the San Pietro Project's exploration and development. The company aims to drive increased confidence in the resource estimates, which could involve further drilling and assessment to transition some inferred resources into indicated or measured categories. This effort is crucial as it may significantly impact the project’s viability and attractiveness to potential investors.

In conclusion, the release of the technical report by Golden Arrow Resources Corporation represents a major step in the advancement of the San Pietro Project. The findings highlight significant mineral resources and open the door for potential future growth in this promising mining region of Chile. Investors and stakeholders should keep a close eye on further developments as exploration continues to unfold.