Golden Arrow Drilling Hits Greater Than 0.4% Copper Over More than 100 metres in Two New Step-Out Holes at the San Pietro Iron-Copper-Gold-Cobalt Project, Chile
Golden Arrow Resources (OTCQB: GARWF) announced significant results from its San Pietro Project in Chile. Noteworthy findings include:
Step-Out Holes:
- SP-DDH-18: 109.10m at 0.44% Cu, 0.06 g/t Au, 130 g/t Co, 15.0% Fe starting at 253.9m depth, with a 12m interval at 1.16% Cu, 0.09 g/t Au, 202 g/t Co, 21.6% Fe.
- SP-DDH-19: 101.38m at 0.43% Cu, 0.09 g/t Au, 177 g/t Co, 30.1% Fe starting at 35.6m depth.
- SP-DDH-20: 19.23m at 0.45% Cu, 0.05 g/t Au, 110 g/t Co, 51.3% Fe starting at 202.77m depth.
The results support the potential for growth, with mineralization open to the east and north. The 10,000-meter drilling campaign aims to complete a preliminary resource estimate. The proximity to Capstone Copper’s Santo Domingo project offers valuable insights. The company is continuing with additional step-out and infill drilling to further explore the Rincones target.
Golden Arrow Resources (OTCQB: GARWF) ha annunciato risultati significativi dal suo Progetto San Pietro in Cile. Tra i risultati notevoli ci sono:
Fori di Esplorazione:
- SP-DDH-18: 109,10m a 0,44% Cu, 0,06 g/t Au, 130 g/t Co, 15,0% Fe a partire da una profondità di 253,9m, con un intervallo di 12m a 1,16% Cu, 0,09 g/t Au, 202 g/t Co, 21,6% Fe.
- SP-DDH-19: 101,38m a 0,43% Cu, 0,09 g/t Au, 177 g/t Co, 30,1% Fe a partire da una profondità di 35,6m.
- SP-DDH-20: 19,23m a 0,45% Cu, 0,05 g/t Au, 110 g/t Co, 51,3% Fe a partire da una profondità di 202,77m.
I risultati supportano il potenziale di crescita, con mineralizzazione aperta a est e nord. La campagna di perforazione di 10.000 metri mira a completare una stima preliminare delle risorse. La vicinanza al progetto Santo Domingo di Capstone Copper offre preziose intuizioni. L’azienda sta proseguendo con ulteriori perforazioni di esplorazione e riempimento per esplorare ulteriormente l'obiettivo dei Rincones.
Golden Arrow Resources (OTCQB: GARWF) anunció resultados significativos de su Proyecto San Pietro en Chile. Entre los hallazgos notables se incluyen:
Perforaciones de Exploración:
- SP-DDH-18: 109,10m a 0,44% Cu, 0,06 g/t Au, 130 g/t Co, 15,0% Fe comenzando a una profundidad de 253,9m, con un intervalo de 12m a 1,16% Cu, 0,09 g/t Au, 202 g/t Co, 21,6% Fe.
- SP-DDH-19: 101,38m a 0,43% Cu, 0,09 g/t Au, 177 g/t Co, 30,1% Fe comenzando a una profundidad de 35,6m.
- SP-DDH-20: 19,23m a 0,45% Cu, 0,05 g/t Au, 110 g/t Co, 51,3% Fe comenzando a una profundidad de 202,77m.
Los resultados respaldan el potencial de crecimiento, con mineralización abierta hacia el este y el norte. La campaña de perforación de 10.000 metros tiene como objetivo completar una estimación preliminar de recursos. La proximidad al proyecto Santo Domingo de Capstone Copper ofrece información valiosa. La empresa continúa con perforaciones adicionales de exploración y relleno para investigar más a fondo el objetivo de Rincones.
골든 애로 리소스(OTCQB: GARWF)가 칠레의 산 피에트로 프로젝트에서 중요한 결과를 발표했습니다. 주목할 만한 발견 사항은 다음과 같습니다:
탐사 홀:
- SP-DDH-18: 253.9m 깊이에서 시작하여 109.10m 동안 0.44% 구리, 0.06 g/t 금, 130 g/t 코발트, 15.0% 철을 기록했으며, 12m 구간에서 1.16% 구리, 0.09 g/t 금, 202 g/t 코발트, 21.6% 철을 포함합니다.
- SP-DDH-19: 35.6m 깊이에서 시작하여 101.38m 동안 0.43% 구리, 0.09 g/t 금, 177 g/t 코발트, 30.1% 철을 기록했습니다.
- SP-DDH-20: 202.77m 깊이에서 시작하여 19.23m 동안 0.45% 구리, 0.05 g/t 금, 110 g/t 코발트, 51.3% 철을 기록했습니다.
이 결과는 동쪽과 북쪽으로 열린 광물화의 성장 가능성을 지원합니다. 10,000미터의 시추 캠페인은 초기 자원 추정을 완료하는 것을 목표로 합니다. 캡스톤 구리의 산토 도밍고 프로젝트와의 근접성은 귀중한 통찰력을 제공합니다. 이 회사는 Rincones 목표를 더 조사하기 위해 추가적인 탐사 및 보충 시추를 계속 진행하고 있습니다.
Golden Arrow Resources (OTCQB: GARWF) a annoncé des résultats significatifs de son projet San Pietro au Chili. Parmi les résultats notables, on trouve :
Forages d'Exploration :
- SP-DDH-18 : 109,10 m à 0,44 % Cu, 0,06 g/t Au, 130 g/t Co, 15,0 % Fe, à partir d'une profondeur de 253,9 m, avec un intervalle de 12 m à 1,16 % Cu, 0,09 g/t Au, 202 g/t Co, 21,6 % Fe.
- SP-DDH-19 : 101,38 m à 0,43 % Cu, 0,09 g/t Au, 177 g/t Co, 30,1 % Fe, à partir d'une profondeur de 35,6 m.
- SP-DDH-20 : 19,23 m à 0,45 % Cu, 0,05 g/t Au, 110 g/t Co, 51,3 % Fe, à partir d'une profondeur de 202,77 m.
Les résultats soutiennent le potentiel de croissance, avec une minéralisation ouverte à l'est et au nord. La campagne de forage de 10 000 mètres vise à compléter une estimation préliminaire des ressources. La proximité du projet Santo Domingo de Capstone Copper offre des informations précieuses. L'entreprise poursuit également des forages supplémentaires d'exploration et de remplissage pour explorer davantage l'objectif des Rincones.
Golden Arrow Resources (OTCQB: GARWF) hat bedeutende Ergebnisse aus seinem San Pietro Projekt in Chile bekannt gegeben. Bemerkenswerte Ergebnisse umfassen:
Erkundungsbohrungen:
- SP-DDH-18: 109,10m bei 0,44% Cu, 0,06 g/t Au, 130 g/t Co, 15,0% Fe, beginnend in einer Tiefe von 253,9m, mit einem Intervall von 12m bei 1,16% Cu, 0,09 g/t Au, 202 g/t Co, 21,6% Fe.
- SP-DDH-19: 101,38m bei 0,43% Cu, 0,09 g/t Au, 177 g/t Co, 30,1% Fe, beginnend in einer Tiefe von 35,6m.
- SP-DDH-20: 19,23m bei 0,45% Cu, 0,05 g/t Au, 110 g/t Co, 51,3% Fe, beginnend in einer Tiefe von 202,77m.
Die Ergebnisse stützen das Wachstumspotenzial, wobei die Mineralisierung nach Osten und Norden offen ist. Die 10.000-Meter-Bohrkampagne zielt darauf ab, eine vorläufige Schätzung der Ressourcen abzuschließen. Die Nähe zum Santo Domingo Projekt von Capstone Copper bietet wertvolle Einblicke. Das Unternehmen führt weiterhin zusätzliche Explorations- und Nachbohrungen durch, um das Rincones-Ziel weiter zu erkunden.
- 109.10m at 0.44% Cu in SP-DDH-18.
- 101.38m at 0.43% Cu in SP-DDH-19.
- 19.23m at 0.45% Cu in SP-DDH-20.
- Mineralization open to east and north.
- Proximity to Capstone Copper's Santo Domingo project.
- None.
- 109.10m at
0.44% Cu, 0.06 g/t Au, 130 g/t Co and15.0% Fe starting at 253.9 m depth in drill hole SP-DDH-18.- Includes 12m at
1.16% Cu, 0.09 g/t Au, 202 g/t Co and21.6% Fe. - Collared in a previously untested area approximately 150m east of SP-DDH-15, reported on July 11, 2024.
- Includes 12m at
- 101.38m at
0.43% Cu, 0.09 g/t Au, 177 g/t Co and30.1% Fe starting at 35.6m depth in drill hole SP-DDH-19.- Modeling indicates continuity with mineralization in SP-DDH-18.
One additional hole in the south Rincones target returned multiple mineralized intervals, including:
- 19.23m at
0.45% Cu, 0.05 g/t Au, 110 g/t Co and51.3% Fe in a magnetite manto starting at 202.77m depth in drill hole SP-DDH-20.
Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "Once again, our step-outs at Rincones are showing us that this target has plenty of growth potential. Both holes 18 and 19 hit really exciting intervals and this area is still open for expansion to the east and north, which is very promising as we move closer to our first resource estimate for the project. Last week, we were pleased to see that Capstone Copper announced an updated feasibility study for their
[Proximity to a mineral resource, deposit, or mine does not indicate that mineralization on Golden Arrow's property will occur in sufficient quantity or grade that would result in an economic extraction scenario.]
This work was part of the on-going 10,000-metre diamond drilling campaign at the San Pietro Iron-Copper-Gold-Cobalt Project in
Table 1. Summary of Intervals, Rincones Phase 2 Drilling
[Cu Grade >
Hole | Detail | From (m) | To (m) | Interval | Cu (%) | Au (g/t) | Co (g/t) | Fe (%) | |
SP-DDH-17 | 13.18 | 17.00 | 3.82 | 0.03 | 0.02 | 750 | 26.2 | ||
63.52 | 88.85 | 25.33 | 0.02 | -0.01 | 38 | 37.5 | |||
150.45 | 157.08 | 6.63 | 0.08 | 0.02 | 121 | 32.4 | |||
SP-DDH-18 | 44.00 | 83.83 | 39.83 | 0.27 | 0.06 | 144 | 30.8 | ||
106.00 | 110.00 | 4.00 | 0.41 | 0.04 | 25 | 12.0 | |||
140.00 | 146.00 | 6.00 | 0.35 | 0.04 | 77 | 12.5 | |||
253.90 | 363.00 | 109.10 | 0.44 | 0.06 | 130 | 15.0 | |||
includes | 312.00 | 324.00 | 12.00 | 1.16 | 0.09 | 202 | 21.6 | ||
SP-DDH-19 | 35.62 | 137.00 | 101.38 | 0.43 | 0.09 | 177 | 30.1 | ||
includes | 41.00 | 46.00 | 5.00 | 1.30 | 0.29 | 253 | 27.4 | ||
includes | 125.35 | 135.38 | 10.03 | 0.16 | 0.04 | 218 | 53.2 | ||
SP-DDH-20 | 82.47 | 94.00 | 11.53 | 0.25 | 0.09 | 162 | 30.1 | ||
202.77 | 222.00 | 19.23 | 0.45 | 0.05 | 110 | 51.3 | |||
316.00 | 364.00 | 48.00 | 0.24 | 0.04 | 83 | 12.7 | |||
Notes: Intervals are downhole length. See hole descriptions in text for additional details. |
San Pietro Phase 2 Drill Program Details
The San Pietro Project hosts multiple targets with strong IOCG+cobalt mineralization (see Figure 1).
In 2023 the company completed a Phase 1 drill program of approximately 4000 metres of diamond drilling in 13 holes to add to the database of ~34,000 metres of historic drilling at San Pietro. Strongly mineralized intervals were intercepted at all targets tested as reported in company news releases on June 13, June 27 and July 12, 2023.
The Company is concentrating this Phase 2 drill program mainly on the Rincones advanced exploration target with the goal of completing an initial Mineral Resource Estimate. In addition, approximately 3,000 metres of drilling has been earmarked to test for new mineralization at other high-potential target areas throughout the Project.
Rincones Target Drilling
SP-DDH-18 was drilled at the Rincones target, collared approximately 150 metres east of hole SP-DDH-15 (reported on July 11, 2024). It intercepted two mantos with magnetite replacement, one from 44 to 84 metres depth and a second from 254 to 294 metres depth. The mantos are cut by several specularite breccias with chalcopyrite and pyrite. The first manto is interpreted to also be intercepted by hole SP-DDH-19, described below (see Figure 2). The second manto and adjacent specularite breccias together returned an interval of over 109 metres with an average grade of
SP-DDH-19 was collared 180 metres SSW of hole SP-DDH-18. It intercepted a series of magnetite mantos up to 12 m wide, between 35 and 135 metres depth, that correlate with the first manto described on hole SP-DDH-18. These mantos are also mineralized with chalcopyrite and pyrite and crosscut by specularite breccia with chalcopyrite between 64 and 69 metres depth. This breccia is believed to have been intercepted by historic hole RADDH-04 approximately 170 metres west of SP-DDH-19, where it returned an average of 13 metres with
Both SP-DDH-18 and SP-DDH-19 indicate that the mineralization is open to the east, as well as to the north.
SP-DDH-20 was collared 280 metres southwest of hole SP-DDH-14 (reported on July 11, 2024) and 490 metres west-southwest of hole SP-DDH-19. It intercepted several magnetite mantos from approximately 82 to 93 metres downhole and from 202 to 219 metres downhole, with the last interval reporting an average of
Colla Target Drilling
SP-DDH-17 tested the Colla target, which is an early-stage exploration prospect where the historic focus was a north-south specularite breccia with high cobalt reported in drill intervals. In 2023 Golden Arrow's Phase 1 drill program identified new areas of strong copper and cobalt mineralization, as well as the highest gold interval encountered on the property to date, as reported on June 13, 2023. The Colla prospect is located approximately two kilometres southwest from the main Rincones target. While most exploration target drilling in the Phase 2 program will be completed after the drilling at Rincones, the proximity of the Colla target provided the opportunity to continue drilling while information from the early Phase 2 holes was being evaluated and new drill pads were being constructed at Rincones. SP-DDH-17 tested a series of sub-outcropping magnetite-replacement mantos mapped at surface, 250 metres east of the main north-south cobalt breccia. It successfully intercepted two significant iron-rich (magnetite) mantos of 25.33 m and 6.63 m widths with shallow dip to the northeast.
Table 2. Drill Hole Collar Information
[PSAD 56 / UTM Zone 19 S]
Hole | Easting | Northing | Elevation | Azimuth | Dip | Final Depth |
SP-DDH-17 | 390372 | 7069736 | 1127 | 205 | -65 | 194 |
SP-DDH-18 | 391558 | 7071834 | 909 | 20 | -65 | 410 |
SP-DDH-19 | 391442 | 7071700 | 928 | 20 | -60 | 221 |
SP-DDH-20 | 390997 | 7071490 | 979 | 40 | -65 | 389 |
Methodology & QA/QC
This drilling campaign was completed by Sociedad de Servicios Andinos SpA of Copiapó,
About the San Pietro IOCG Project
The San Pietro Project covers 19,200 hectares, approximately 100 kilometres north of Copiapó. Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a potential new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major iron oxide-copper-gold ("IOCG") deposits in
The Project is hosted by andesite units in a Cretaceous-aged volcano-sedimentary sequence associated with intrusive rocks including granodiorites and diorites of similar age. The Project is located east of the Atacama Fault system, a major north-south regional structure, which was instrumental in controlling the emplacement of the ore deposits in the area.
Mineralization at San Pietro is typical of an IOCG system, with the addition of cobalt, and occurs in mantos, breccias and veins within a zone of alteration characterized by an association of actinolite, epidote, chlorite and scapolite. The mantos are replacement of andesite by magnetite and sulphides, with a roughly southeast strike and a gentle dip to the SW. Breccias and veins crosscut the mantos, are often subvertical, and filled with specularite and sulphides.
Qualified Persons
The exploration programs are designed by the Company's geological staff and results are reviewed, verified (including sampling, analytical and test data) and compiled under the supervision of Brian McEwen, P.Geol., VP Exploration and Development to the Company. Mr. McEwen is a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the contents of the news release.
About Golden Arrow:
Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.
Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in
The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in
ON BEHALF OF THE BOARD
"Joseph Grosso"
_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO
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This news release contains forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments management of the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company; and future exploration and operating plans are forward-looking statements.
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SOURCE Golden Arrow Resources Corporation
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