Golden Arrow Intersects 310m @ 0.19% Copper in 400m Step-Out Drill Hole at the San Pietro Project, Chile
Golden Arrow Resources reports significant expansion at its San Pietro IOCG Project in Chile, with drill hole SP-DDH-29 intercepting 310.85m averaging 0.19% Cu, 0.06 g/t Au, 127 g/t Co and 12.2% Fe starting at 186.4m depth. The hole, stepped out 400 metres south of the Rincones target, indicates potential for substantial resource expansion. The intercept includes higher-grade sections of 149.6m at 0.21% Cu and 19.28m at 0.77% Cu. This is part of a ~10,000-metre diamond drilling campaign that is 80% complete and aimed at providing data for the project's first Mineral Resource Estimate.
Golden Arrow Resources riporta un significativo ampliamento nel suo progetto IOCG di San Pietro in Cile, con il foro di perforazione SP-DDH-29 che ha intercettato 310,85 m con una media dello 0,19% di Cu, 0,06 g/t di Au, 127 g/t di Co e 12,2% di Fe a partire da una profondità di 186,4 m. Il foro, situato 400 metri a sud del target Rincones, indica un potenziale notevole per un'espansione significativa delle risorse. L'intercettazione include sezioni a maggior grado di 149,6 m a 0,21% di Cu e 19,28 m a 0,77% di Cu. Questo fa parte di una campagna di perforazione a diamante di circa 10.000 metri, completata all'80%, mirata a fornire dati per la prima stima delle risorse minerali del progetto.
Golden Arrow Resources informa sobre una expansión significativa en su Proyecto IOCG San Pietro en Chile, con el pozo de perforación SP-DDH-29 interceptando 310,85 m con un promedio de 0,19% Cu, 0,06 g/t Au, 127 g/t Co y 12,2% Fe comenzando a una profundidad de 186,4 m. El pozo, ubicado a 400 metros al sur del objetivo Rincones, indica un potencial considerable para una expansión sustancial de los recursos. La interceptación incluye secciones de mayor grado de 149,6 m a 0,21% Cu y 19,28 m a 0,77% Cu. Esto es parte de una campaña de perforación con diamante de aproximadamente 10,000 metros que está completada al 80% y está destinada a proporcionar datos para la primera estimación de recursos minerales del proyecto.
골든 애로우 리소스는 칠레의 산 피에트로 IOCG 프로젝트에서의 상당한 확장을 보고하며, 드릴 홀 SP-DDH-29가 310.85m에서 평균 0.19% Cu, 0.06 g/t Au, 127 g/t Co 및 12.2% Fe를 186.4m 깊이에서 intercept하는 성과를 올렸습니다. 이 홀은 Rincones 목표에서 남쪽으로 400미터 떨어진 위치에서 실시되었으며, 상당한 자원 확장의 잠재력을 나타냅니다. 이 인터셉트는 149.6m에서 0.21% Cu와 19.28m에서 0.77% Cu의 고급 구역을 포함합니다. 이는 약 10,000미터의 다이아몬드 드릴링 캠페인의 일부로, 80% 완료되었으며 프로젝트의 첫 번째 광물 자원 추정을 위한 데이터를 제공할 예정입니다.
Golden Arrow Resources annonce une expansion significative de son projet IOCG de San Pietro au Chili, avec le forage SP-DDH-29 interceptant 310,85 m avec une moyenné de 0,19% Cu, 0,06 g/t Au, 127 g/t Co et 12,2% Fe à une profondeur de 186,4 m. Le trou, situé à 400 mètres au sud de la cible Rincones, indique un potentiel significatif pour une expansion substantielle des ressources. L'interception comprend des sections de plus grande qualité de 149,6 m à 0,21% Cu et 19,28 m à 0,77% Cu. Cela fait partie d'une campagne de forage au diamant d'environ 10 000 mètres, qui est achevée à 80% et vise à fournir des données pour la première estimation des ressources minérales du projet.
Golden Arrow Resources berichtet über eine bedeutende Expansion seines San Pietro IOCG-Projekts in Chile, wobei das Bohrloch SP-DDH-29 310,85 m mit einem Durchschnitt von 0,19% Cu, 0,06 g/t Au, 127 g/t Co und 12,2% Fe ab einer Tiefe von 186,4 m durchbohrt hat. Das Loch, das 400 Meter südlich des Ziels Rincones liegt, weist auf ein erhebliches Potenzial für eine umfassende Ressourcenerweiterung hin. Die Interzepts umfassen hochwertigere Abschnitte von 149,6 m mit 0,21% Cu und 19,28 m mit 0,77% Cu. Dies ist Teil einer ca. 10.000 Meter umfassenden Diamantbohrkampagne, die zu 80% abgeschlossen ist und darauf abzielt, Daten für die erste Mineralressourcenschätzung des Projekts bereitzustellen.
- Significant mineralization intercept of 310.85m with 0.19% Cu, indicating major resource potential
- 400m step-out success suggests possibility of resource expansion with minimal infill drilling
- Higher-grade zones including 19.28m at 0.77% Cu demonstrate presence of rich mineralization
- Drilling program is 80% complete, advancing toward first Mineral Resource Estimate
- Main copper grade (0.19%) is below the company's nominal cut-off grade of 0.20% Cu
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- 310.85 m averaging
0.19% Cu, 0.06 g/t Au, 127 g/t Co and12.2% Fe starting at 186.4m depth (see Table 1, Note 1). This includes: - 149.6m averaging
0.21% Cu, 0.05 g/t Au, 153 g/t Co and12.5% Fe starting at 186.4m depth- Including 19.28m averaging
0.77% Cu, 0.16 g/t Au, 521 g/t Co and21.7% Fe
- Including 19.28m averaging
- 42.9m averaging
0.26% Cu, 0.14 g/t Au, 104 g/t Co and13.4% Fe starting at 454.34m depth- Including 7.95m averaging
0.39% Cu, 0.41 g/t Au, 214 g/t Co and23.7% Fe.
- Including 7.95m averaging
Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "With over 300 metres averaging
Mr. McEwen continued, "In the even bigger picture, this large step-out was in the mostly untested area between Rincones and the Colla target, located about 600 metres further south-southeast. At Colla, the limited drilling to date has hit spectacular cobalt and iron intervals over several hundred metres of strike, in addition to new copper and gold intercepts. If we can continue to find new mineralization that closes the gap between the Rincones and Colla targets it could be a game-changer for the project moving forward."
The three holes reported herein are part of the ~10,000-metre diamond drilling campaign at the San Pietro Iron Oxide-Copper-Gold-Cobalt ("IOCG") Project in
Table 1. Summary of Intervals, Rincones Phase 2 Drilling
[Cu Grade >
Hole | Detail | From (m) | To (m) | Interval | Cu (%) | Au | Co | Fe (%) |
SP-DDH-27 | 62.00 | 67.40 | 5.40 | 0.21 | 0.03 | 91 | 13.4 | |
188.60 | 198.00 | 9.40 | 0.26 | 0.02 | 45 | 12.8 | ||
241.55 | 244.70 | 3.15 | 0.20 | 0.11 | 29 | 9.5 | ||
256.00 | 260.00 | 4.00 | 0.35 | 0.18 | 66 | 15.4 | ||
265.52 | 266.55 | 1.03 | 2.64 | 0.18 | 41 | 19.5 | ||
SP-DDH-29 | 101.40 | 104.62 | 3.22 | 0.16 | 0.04 | 413 | 35.9 | |
170.00 | 186.40 | 16.40 | 0.02 | 0.03 | 267 | 26.1 | ||
See Note 1 | 186.40 | 497.25 | 310.85 | 0.19 | 0.06 | 127 | 12.2 | |
186.40 | 336.00 | 149.60 | 0.21 | 0.05 | 153 | 12.5 | ||
includes | 186.40 | 205.68 | 19.28 | 0.77 | 0.16 | 521 | 21.7 | |
and includes | 235.15 | 239.00 | 3.85 | 0.59 | 0.09 | 137 | 14.8 | |
and includes | 262.00 | 274.00 | 12.00 | 0.21 | 0.05 | 207 | 11.8 | |
and includes | 287.00 | 336.00 | 49.00 | 0.20 | 0.04 | 117 | 12.1 | |
358.00 | 360.00 | 2.00 | 1.88 | 0.22 | 304 | 17.1 | ||
393.15 | 398.60 | 5.45 | 0.40 | 0.09 | 135 | 10.1 | ||
431.00 | 436.00 | 5.00 | 0.07 | 0.10 | 236 | 15.6 | ||
440.00 | 448.58 | 8.58 | 0.67 | 0.11 | 127 | 17.2 | ||
454.35 | 497.25 | 42.90 | 0.26 | 0.14 | 104 | 13.4 | ||
includes | 476.05 | 484.00 | 7.95 | 0.39 | 0.41 | 214 | 23.7 | |
515.75 | 519.00 | 3.25 | 0.26 | 0.03 | 62 | 7.1 | ||
SP-DDH-30 | 44.00 | 47.10 | 3.10 | 0.44 | 0.05 | 105 | 28.5 | |
55 | 75.1 | 20.1 | 0.13 | 0.03 | 172 | 44.3 | ||
Notes: 1. This interval is outside of the nominal cutoff grade used for reporting drill intervals but is considered relevant. 2. 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 Iron oxide-Copper-Gold and Cobalt mineralization (see Figure 1). This mineralization is typically found within a pile of fine to porphyritic andesites that exhibit widespread potassic feldspar alteration. The mineralization is often associated with areas where a superimposed quartz-scapolite alteration is more intense and there is a development of brecciation and massive replacement of magnetite.
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.
SP-DDH-29
This hole was collared on a small magnetic high anomaly approximately 400m south of the Rincones target, in an area that remains largely untested between Rincones and the Colla target approximately 1km further south-southwest (see Figure 1). SP-DDH-29 was well-mineralized throughout the hole, as shown in Table 1. Mineralization is hosted in a series of magnetite mantos cross-cut by NW-SE trending specularite breccias, crackle breccias and veins of specularite with chalcopyrite and minor pyrite. Modeling indicates that the mantos may be continuous with those drilled in SP-DDH-06, located approximately 400m to the north-northeast, with possible continuity extending to drill hole SP-DDH-20, as shown in the cross-section in Figure 2. The area to the south of the hole, towards the Colla target, remains untested over more than 500 metres.
The Company has adopted a nominal
The Company has updated the drill plan for the Phase 2 campaign to complete additional drilling in the area between SP-DDH-29 and SP-DDH-06 to provide sufficient drill density for inclusion of SP-DDH-29 in modelling and resource estimation, as well as on the northwest-southeast trend of the breccias in SP-DDH-29, in order to test for additional expansion potential.
SP-DDH-27
This hole was collared to test the eastern edge of mineralization at Rincones. Multiple short, mineralized, intervals were encountered throughout the hole as shown in Table 1. Mineralization was in veinlets of specularite-chalcopyrite-pyrite plus replacement of magnetite with actinolite. As with most of the drillholes in the northeast part of the Rincones target, there are intervals containing molybdenite (MoS2) in veinlets and in crackle breccias associated with strong potassic feldspar alteration, which can result in highly anomalous Mo assays. Between the reported interval of 241.55 to 244.70 m, two samples of 1 m long each returned assays of
SP-DDH-30
SP-DDH-28 was abandoned after multiple attempts, due to difficulties with recovery. The hole was recollared 15m to the east and renumbered as SP-DDH-30. The hole continued to test the eastern edge of the Rincones target, north of hole SP-DDH-27 and intersected limited mineralization hosted in magnetite-scapolite breccias and magnetite mantos with scapolite. As with hole SP-DDH-27, it was anomalous in molybdenum with a high interval of
Table 2. Drill Hole Collar Information
[PSAD 56 / UTM Zone 19 S]
Hole | Easting | Northing | Elevation | Azimuth (˚) | Dip | Final Depth (m) |
(˚) | ||||||
SP-DDH-27 | 391604 | 7071745 | 925 | 20 | -65 | 350 |
SP-DDH-29 | 390764 | 7070899 | 1011 | 20 | -60 | 556 |
SP-DDH-30 | 391654 | 7071924 | 915 | 20 | -60 | 215 |
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 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 (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
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.
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SOURCE Golden Arrow Resources Corporation
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