Golden Arrow Files Technical Report for San Pietro Copper-Gold-Iron-Cobalt Project, Chile
Golden Arrow Resources (OTCQB: GARWF) has filed an NI 43-101 Technical Report for its San Pietro Copper-Gold-Iron-Cobalt Project in Chile, detailing the first mineral resource estimate (MRE). The report, effective January 24, 2024, reveals significant inferred resources:
- Total inferred resources of 492 million tonnes at 0.41% CuEq
- Contained metals include 2,470 Mlb copper, 770 Koz gold, 107 Mlb cobalt, and 157 Blb iron
- Resources divided between oxide (83Mt) and sulphide (410Mt) mineralization
The MRE was calculated using conservative parameters including $4.80/lb Cu, $2,300/oz Au, $15/lb Co, and $110/lb Fe prices, with a 0.30% CuEq cut-off grade within optimized pit shells.
Golden Arrow Resources (OTCQB: GARWF) ha presentato un Rapporto Tecnico NI 43-101 per il suo Progetto di Rame-Oro-Ferro-Cobalto San Pietro in Cile, che dettaglia la prima stima delle risorse minerarie (MRE). Il rapporto, valido dal 24 gennaio 2024, rivela risorse inferite significative:
- Risorse totali inferite di 492 milioni di tonnellate a 0,41% CuEq
- I metalli contenuti includono 2.470 Mlb di rame, 770 Koz di oro, 107 Mlb di cobalto e 157 Blb di ferro
- Le risorse sono suddivise tra mineralizzazione ossidica (83Mt) e solfurea (410Mt)
La MRE è stata calcolata utilizzando parametri conservativi, tra cui prezzi di $4,80/lb Cu, $2.300/oz Au, $15/lb Co e $110/lb Fe, con un grado di taglio CuEq dello 0,30% all'interno di fossati ottimizzati.
Golden Arrow Resources (OTCQB: GARWF) ha presentado un Informe Técnico NI 43-101 para su Proyecto de Cobre-Oro-Hierro-Cobalto San Pietro en Chile, que detalla la primera estimación de recursos minerales (MRE). El informe, vigente desde el 24 de enero de 2024, revela recursos inferidos significativos:
- Recursos totales inferidos de 492 millones de toneladas a 0.41% CuEq
- Los metales contenidos incluyen 2,470 Mlb de cobre, 770 Koz de oro, 107 Mlb de cobalto y 157 Blb de hierro
- Los recursos se dividen entre mineralización oxidada (83Mt) y sulfurosa (410Mt)
La MRE se calculó utilizando parámetros conservadores, incluidos precios de $4.80/lb Cu, $2,300/oz Au, $15/lb Co y $110/lb Fe, con un grado de corte de CuEq del 0.30% dentro de fosas optimizadas.
골든 애로우 리소스 (OTCQB: GARWF)가 칠레의 산 피에트로 구리-금-철-코발트 프로젝트에 대한 NI 43-101 기술 보고서를 제출하였습니다. 이 보고서는 첫 번째 광물 자원 추정치(MRE)를 상세히 설명합니다. 2024년 1월 24일 기준으로 유효한 이 보고서는 상당한 추정 자원을 공개합니다:
- 총 추정 자원 4억 9,200만 톤, CuEq 0.41%
- 포함된 금속: 2,470 Mlb 구리, 770 Koz 금, 107 Mlb 코발트, 157 Blb 철
- 자원은 산화물(83Mt)과 황화물(410Mt) 광물화로 나뉩니다
MRE는 $4.80/lb Cu, $2,300/oz Au, $15/lb Co, $110/lb Fe 가격을 포함한 보수적인 매개변수를 사용하여 계산되었으며, 최적화된 구덩이 경계 내에서 0.30% CuEq 컷오프 등급을 적용하였습니다.
Golden Arrow Resources (OTCQB: GARWF) a déposé un Rapport Technique NI 43-101 pour son Projet de Cuivre-Or-Fer-Cobalt San Pietro au Chili, détaillant la première estimation des ressources minérales (MRE). Le rapport, valable à partir du 24 janvier 2024, révèle des ressources inférées significatives :
- Ressources totales inférées de 492 millions de tonnes à 0,41 % CuEq
- Les métaux contenus comprennent 2 470 Mlb de cuivre, 770 Koz d'or, 107 Mlb de cobalt et 157 Blb de fer
- Ressources divisées entre minéralisation oxydée (83Mt) et sulfidique (410Mt)
La MRE a été calculée en utilisant des paramètres conservateurs, y compris des prix de $4,80/lb Cu, $2 300/oz Au, $15/lb Co et $110/lb Fe, avec une teneur de coupure CuEq de 0,30 % dans des fosses optimisées.
Golden Arrow Resources (OTCQB: GARWF) hat einen NI 43-101 Technischen Bericht für sein San Pietro Kupfer-Gold-Eisen-Kobalt-Projekt in Chile eingereicht, der die erste Schätzung der Mineralressourcen (MRE) detailliert. Der Bericht, gültig ab dem 24. Januar 2024, zeigt signifikante abgeleitete Ressourcen:
- Gesamte abgeleitete Ressourcen von 492 Millionen Tonnen bei 0,41% CuEq
- Enthaltene Metalle umfassen 2.470 Mlb Kupfer, 770 Koz Gold, 107 Mlb Kobalt und 157 Blb Eisen
- Ressourcen unterteilt in Oxid-(83Mt) und Sulfid-(410Mt) Mineralisierung
Die MRE wurde unter Verwendung konservativer Parameter berechnet, einschließlich Preisen von $4,80/lb Cu, $2.300/oz Au, $15/lb Co und $110/lb Fe, mit einem CuEq Cut-off-Gehalt von 0,30% innerhalb optimierter Gruben.
- First-time mineral resource estimate established for the project
- Large resource base of 492 million tonnes of inferred resources
- Multi-commodity deposit with copper, gold, cobalt, and iron
- Significant contained metals: 2.47B lbs Cu, 770K oz Au, 107M lbs Co
- All resources are in inferred category, lowest confidence level
- Additional drilling required to upgrade resource classification
- No demonstrated economic viability yet
- Resources require verification of geological grade and continuity
TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF
The Report, titled "Mineral Resource Estimate for the San Pietro Copper-Gold-Iron-Cobalt Project, Atacama Region,
Table 1. Inferred Mineral Resource Estimate for Rincones & Colla Deposits at San Pietro Property
Effective: January 24, 2025. Reported within
Qualified Persons: Susan Lomas, P.Geo. & Dr. Bruce Davis, PhD, FAusIMM
Class | Oxide | Tonnes Mt | Average Grade | Contained Metal | ||||||||
CuEq % | Cu % | Au g/t | Co ppm | Fe % | CuEq Mlb | Cu Mlb | Au Koz | Co Mlb | Fe Blb | |||
Inferred | Oxide | 83 | 0.42 | 0.23 | 0.06 | 96 | 14.80 | 759 | 415 | 150 | 17 | 27 |
Inferred | Sulphide | 410 | 0.41 | 0.23 | 0.05 | 99 | 14.35 | 3,686 | 2,055 | 620 | 90 | 130 |
Inferred | All | 492 | 0.41 | 0.23 | 0.05 | 99 | 14.43 | 4,444 | 2,470 | 770 | 107 | 157 |
Notes to Table 1: | |
1. | In-Situ Mineral Resources are constrained within a pit shell developed using metal prices of |
2. | CuEq values are based on copper, gold, cobalt and iron values using metal prices of |
3. | The block model was classed into Inferred Mineral Resources for blocks with two drill holes within 400m. |
4. | Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. |
5. | Mineral Resources in the Inferred category have a lower level of confidence than that applied to Indicated mineral resources, and, although there is sufficient evidence to imply geologic grade and continuity, these characteristics cannot be verified based on the current data. It is reasonably expected that the majority of Inferred mineral resources could be upgraded to Indicated mineral resources with continued exploration. |
6. | Totals in the table may not add up precisely due to rounding differences. |
Cautionary Statement Regarding Mineral Resources
The mineral resources disclosed in this press release conform to NI 43-101 standards and guidelines and were prepared by independent qualified persons. The above-mentioned mineral resources are not mineral reserves as they do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological evidence and sampling. Geological data is sufficient to imply but not verify geological grade and/or quality of continuity. An Inferred Mineral Resource has a lower level of confidence relative to a Measured or Indicated Mineral Resource and constitutes an insufficient level of confidence to allow conversion to a Mineral Reserve. It is reasonably expected, but not guaranteed, that the majority of Inferred Mineral Resources could be upgraded to Measured or Indicated Mineral Resources with additional drilling.
Qualified Persons
Brian McEwen, P.Geol. VP Exploration and Development to the Company and a Qualified Person as defined in National Instrument 43-101 has reviewed and approved the contents of the news release.
About the San Pietro IOCG Project
The San Pietro Project covers approximately 20,000 hectares, 100 kilometres north of Copiapo within an active, well-developed mining region that is home to all the major iron oxide-copper-gold ("IOCG") deposits in Chile. San Pietro is centrally located in a potential new IOCG+Co district, between and adjacent to Capstone Copper's Mantoverde copper mine property and
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.
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
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Accordingly, readers should not place undue reliance on the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with technical difficulties in connection with exploration activities; risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. There may be other factors that cause results or events to not be as anticipated. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's Management's Discussion and Analysis for a more detailed discussion of factors that may impact expected future results. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
View original content to download multimedia:https://www.prnewswire.com/news-releases/golden-arrow-files-technical-report-for-san-pietro-copper-gold-iron-cobalt-project-chile-302418175.html
SOURCE Golden Arrow Resources Corporation