Golden Arrow Res Corp - GARWF STOCK NEWS

Golden Arrow Resources Corporation (OTCQB: GARWF) announced the results of its diamond drilling program at the Tierra Dorada Gold Project in Paraguay. The Phase II program consisted of 46 drill holes over 1791.80 meters. Only eight holes returned significant gold intervals, with the best showing 2.6 meters averaging 5.17 g/t gold. Due to the short and discontinuous high-grade intervals, the company has decided to terminate its option agreement for the project and focus on more promising ventures like the San Pietro project in Chile.

Golden Arrow Resources Corporation (OTCQB: GARWF) has optioned its Mogote Copper-Gold Project in Argentina to Australian-based Syndicate Minerals. This marks the third property option completed since early 2021, aligning with the company's strategy to enhance its value through joint ventures. Syndicate can earn an 85% interest in Mogote by investing $5 million in exploration and making cash payments totaling $1.9 million over five years. The project spans over 8000 hectares with multiple promising targets adjacent to major copper discoveries.

Golden Arrow Resources Corporation (TSXV: GRG, FSE: G6A, OTCQB: GARWF) announced the resignation of Louis Salley as a director due to personal health issues. Joseph Grosso, Chairman and CEO, expressed gratitude for Salley's dedication and contributions. The company, focused on mining exploration, has a significant portfolio including a gold project in Argentina and a base-metal project in Chile. Golden Arrow is positioned to leverage the rising price of gold, having previously converted its Chinchillas silver discovery into a substantial holding in SSR Mining.

Golden Arrow Resources Corporation (OTCQB: GARWF) has launched its first diamond drilling program at the Libanesa Silver-Gold project in Santa Cruz, Argentina. The program will involve 2,000 metres of drilling, targeting Cerro Redondo and Lagunita prospects, with operations commencing on March 16, 2022. The project covers 14,500 hectares and is believed to host significant mineral resources, including gold and silver. The company also provided updates on its ongoing exploration efforts across various projects, including the recent acquisition of the San Pietro IOCG project in Chile.

Golden Arrow Resources Corporation (GARWF) has acquired the San Pietro Iron-oxide Copper Gold Project in Chile for US$3.35 million. This purchase grants complete control of a project with significant near-term resource potential and exploration opportunities. The company leveraged its strong financial position, stemming from a successful previous transaction that boosted its share value from $19.00 to $26.00. The San Pietro Project, covering 18,448 hectares, includes historical drilling data indicating promising copper, gold, and cobalt values, positioning it as a valuable asset for Golden Arrow's future exploration initiatives.

On October 12, 2021, Golden Arrow Resources Corporation (OTCQB: GARWF) announced a definitive option agreement to acquire a 75% interest in the Libanesa project in Santa Cruz, Argentina. Covering 14,500 hectares, this silver-gold project is near significant mining operations. The company plans to mobilize an exploration team to conduct surface work and drilling, aiming for quick advancement of mineral targets. The agreement includes a total commitment of US$4 million over six years, with initial exploration costs set at US$500,000 in the first two years.

Golden Arrow Resources Corporation (OTCQB: GARWF) has initiated a diamond drilling program at its Tierra Dorada gold project in Paraguay, targeting approximately 2,000 metres. The focus will be on the high-grade Alvaro target and initial drilling at the Itayuru target. Previous drilling at Alvaro yielded notable gold grades, including 143.5 g/t over 0.5m. The program plans to begin with 1,000 metres of shallow drilling, with the goal of transitioning to deeper holes pending exploration permit approval. The program is expected to continue through Q4 2021.

Golden Arrow Resources Corporation (OTCQB: GARWF) has announced the commencement of its first reverse circulation drilling program at the Rosales Copper Project in Chile, targeting large conductive zones identified by a recent geophysical survey. The initial phase will involve 1,400 metres of drilling across four holes, with additional drilling planned to explore various anomalies. The project spans 3,444 hectares and features promising surface samples, with copper values averaging 1.74%. This initiative aims to validate high-grade copper mineralization and advance exploration efforts in a key mining region.

Golden Arrow Resources Corporation (OTCQB: GARWF) announced significant findings from its geophysical surveys at the Rosales Copper Project in Chile. The surveys identified a larger and more conductive feature beneath prior anomalies, suggesting potential for a high-grade copper deposit. The Company plans to commence a 3,000 metre reverse circulation drilling program in August, targeting both upper and lower conductors. The Rosales project spans 3,444 hectares and is strategically located near major mining infrastructure.