Golden Arrow Initiates Permitting for Additional Drilling at the San Pietro Iron-Copper-Gold-Cobalt Project, Chile
Golden Arrow Resources (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) has engaged a Chilean environmental consultancy firm to prepare and submit an Environmental Impact Statement (DIA) for its San Pietro Iron-Copper-Gold-Cobalt Project in Chile. The DIA, once approved, will allow the company to create and drill from an additional 80 platforms at San Pietro, significantly advancing the project.
The company has completed about two-thirds of its Phase two drill program, which will provide data to estimate the first mineral resource at San Pietro, focusing on the Rincones target. The DIA will enable additional drilling to expand and upgrade resources at Rincones and continue exploration at earlier stage targets. Work on the DIA will begin in October, with expected completion and submission to authorities in the first quarter of 2025.
Golden Arrow Resources (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) ha assunto una società di consulenza ambientale cilena per preparare e presentare una Dichiarazione di Impatto Ambientale (DIA) per il suo Progetto di Ferro-Rame-Oro-Cobalto di San Pietro in Cile. La DIA, una volta approvata, permetterà all'azienda di creare e perforare ulteriori 80 piattaforme a San Pietro, avanzando significativamente il progetto.
L'azienda ha completato circa due terzi del suo programma di perforazione della Fase due, che fornirà dati per stimare il primo giacimento minerario a San Pietro, concentrandosi sull'obiettivo Rincones. La DIA permetterà ulteriori perforazioni per espandere e aggiornare le risorse a Rincones e continuare l'esplorazione in obiettivi in fase iniziale. I lavori sulla DIA inizieranno a ottobre, con completamento e presentazione previsti per il primo trimestre del 2025.
Golden Arrow Resources (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) ha contratado una firma consultora ambiental chilena para preparar y presentar una Declaración de Impacto Ambiental (DIA) para su Proyecto de Hierro-Cobre-Oro-Cobalto de San Pietro en Chile. La DIA, una vez aprobada, permitirá a la empresa crear y perforar desde 80 plataformas adicionales en San Pietro, avanzando significativamente en el proyecto.
La empresa ha completado aproximadamente dos tercios de su programa de perforación de Fase dos, que proporcionará datos para estimar el primer recurso mineral en San Pietro, centrándose en el objetivo Rincones. La DIA permitirá perforaciones adicionales para expandir y actualizar recursos en Rincones y continuar la exploración en objetivos en etapas anteriores. El trabajo en la DIA comenzará en octubre, con la finalización y presentación previstas para el primer trimestre de 2025.
골든 애로우 리소스 (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF)는 칠레의 환경 컨설팅 회사를 고용하여 산 피에트로 철-구리-금-코발트 프로젝트에 대한 환경 영향 보고서(DIA)를 준비하고 제출할 예정입니다. DIA가 승인되면 회사는 산 피에트로에서 추가 80개의 플랫폼을 만들고 드릴링할 수 있게 되어 프로젝트가 크게 진전될 것입니다.
회사는 2단계 드릴링 프로그램의 약 3분의 2를 완료하였으며, 이는 산 피에트로에서 첫 번째 광물 자원을 추정하는 데 필요한 데이터를 제공할 것입니다. 이 산출물은 Rincones 타겟에 중점을 두고 있습니다. DIA는 Rincones의 자원을 확장 및 업그레이드하고 초기 단계 타겟의 탐사를 계속할 수 있도록 추가 드릴링을 가능하게 합니다. DIA 작업은 10월에 시작될 예정이며, 2025년 1분기에 완료 및 당국에 제출될 예정입니다.
Golden Arrow Resources (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) a engagé une entreprise de conseil environnemental chilienne pour préparer et soumettre une Déclaration d'Impact Environnemental (DIA) pour son Projet de Fer-Cuivre-Or-Cobalt de San Pietro au Chili. Une fois approuvée, la DIA permettra à l'entreprise de créer et de forer 80 plateformes supplémentaires à San Pietro, faisant avancer considérablement le projet.
L'entreprise a complété environ deux tiers de son programme de forage de Phase deux, qui fournira des données pour estimer la première ressource minérale à San Pietro, en se concentrant sur la cible Rincones. La DIA permettra un forage supplémentaire pour élargir et mettre à jour les ressources à Rincones et continuer l'exploration de cibles en phase précoce. Les travaux sur la DIA commenceront en octobre, avec une achèvement et une soumission attendues aux autorités dans le premier trimestre de 2025.
Golden Arrow Resources (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) hat eine chilenische Umweltberatung beauftragt, eine Umweltverträglichkeitsprüfung (DIA) für sein Eisen-Kupfer-Gold-Kobalt-Projekt San Pietro in Chile zu erstellen und einzureichen. Die DIA, einmal genehmigt, wird es dem Unternehmen ermöglichen, zusätzliche 80 Plattformen in San Pietro zu erstellen und zu bohren, was das Projekt erheblich vorantreibt.
Das Unternehmen hat etwa Zwei Drittel seines Bohrprogramms der Phase zwei abgeschlossen, das Daten zur Schätzung der ersten Mineralressource in San Pietro liefern wird, wobei der Schwerpunkt auf dem Ziel Rincones liegt. Die DIA ermöglicht zusätzliches Bohren zur Erweiterung und Aufwertung der Ressourcen in Rincones und zur Fortsetzung der Exploration in früheren Zielgebieten. Die Arbeiten an der DIA beginnen im Oktober, mit einer voraussichtlichen Fertigstellung und Einreichung bei den Behörden im ersten Quartal 2025.
- Engagement of environmental consultancy firm for DIA preparation indicates progress in project development
- Approval of DIA will allow for 80 additional drilling platforms, potentially expanding resource estimates
- Completion of two-thirds of Phase two drill program suggests advancement towards first mineral resource estimate
- Results to date have upheld confidence in the long-term potential of the San Pietro project
- DIA preparation and approval process may take several months, potentially delaying further exploration activities
- Environmental studies and regulatory compliance could increase project costs
TSX Venture Exchange (TSX-V): GRG
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OTCQB Venture Market (OTCQB): GARWF
Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "We have now completed about two thirds of our Phase two drill program which will provide the data to estimate the first mineral resource at San Pietro, focused on the Rincones target. The results to date have upheld our confidence in the long-term potential of the project and we are committed to continuing work to build value for our shareholders. The DIA will provide the ability for additional drilling to expand and upgrade resources at Rincones as well as continue exploration at the earlier stage targets on the project."
Ambiental y Sectorial, who will prepare the DIA, is a well-regarded firm with vast experience in preparing applications for and obtaining environmental permits for the mining and energy sector and has advised major companies in several challenging permitting assignments. The DIA will involve several environmental studies, including baseline flora & fauna and archaeological work, to comply with the environmental regulations in
About the San Pietro IOCG Project
The San Pietro Project covers 19,200 hectares, approximately 100 kilometres north of Copiapo. 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 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.
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; the possibility that future exploration. 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.
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SOURCE Golden Arrow Resources Corporation
FAQ
What is the purpose of the Environmental Impact Statement (DIA) for Golden Arrow's San Pietro project?
When is Golden Arrow (GARWF) expected to complete and submit the DIA for the San Pietro project?
What is the current status of Golden Arrow's Phase two drill program at San Pietro?
What additional benefits will the DIA provide for Golden Arrow's San Pietro project?
