Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Golden Arrow has a track record of discovery and is advancing exciting metals projects in South America

% of readers think this story is Fact. Add your two cents.

  • Highly experienced explorer in Argentina
  • Gold focused portfolio with discovery potential
  • Strong management

What Golden Arrow does:

Golden Arrow Resources Corp (CVE:GRG) (OTCQB:GARWF) is a member of the Grosso group of companies and has been a pioneer of exploration in Argentina for 27 years.

The group has been involved with four major world-class discoveries previously in South America, which are either in production or about to be.

The firm does not take projects into production itself. Its expertise is to acquire assets and advance them up the value-chain to pre-feasibility stage. The goal is to sell the discoveries for cash or for cash and a ‘carried participation’ production royalty for the life of mine. Golden Arrow is currently advancing three key properties – Tierra Dorada, Flecha de Oro and Rosales.

In Paraguay, one of the last under-explored areas of South America, it has the Tierra Dorada gold project, where historic work has shown multiple targets.

In Argentina, the firm has the Flecha de Oro gold project, which comprises an option to earn 100% of around 140 square kilometres (km) in three properties. The asset has high and low sulphidation epithermal gold targets and high grades have been found in surface samples.

The firm also owns the recently acquired Rosales copper project, which spans 1,450 hectares in Chile and which lies 90 km from Copiapo by road and boasts excellent infrastructure. Golden Arrow has applied for a further 874 hectares of adjacent concessions.

In Argentina, the company also has the Caballos copper-gold project in La Rioja province, the Don Bosco copper-gold asset in San Juan province, the Mogote copper-gold project, the Pescado gold project and the Potrerillos gold-silver asset, also in San Juan.

The company has a market cap of around C$20 million. 

How is it doing:

Despite the operational challenges of navigating the coronavirus (COVID-19) pandemic in South America, the past year or so has been dominated by exploration newsflow from Gold Arrow.

The latest release, in April 2021, concerned the trenching program at the Esperanza property on its Flecha de Oro gold project, Argentina, which was started in December 2020 and initially focused on the Puzzle area before prioritizing Esperanza.

Notably, the company said that results from a single vein at Esperanza had returned “significant” gold intervals in two separate trenches about 160 metres apart.

And in January 2021, the company said it had hit high-grade gold during a shallow campaign at its Tierra Dorada project in Paraguay. Assays included 143.5 grams per ton (g/t) gold over 0.5 meters, within an intercept of 6 metres averaging 14.5 g/t gold, and 11.8 g/t gold over 3.2 metres within 7.8 metres averaging 6.1 g/t of the yellow metal.

Programs at Tierra Dorada continue the work at the Alvaro area to delineate high-grade, quartz vein-hosted gold prospects and refine targets for a larger drill program, Golden Arow had said.

Notably, it also said it had identified multiple new targets at Tierra Dorada as part of an induced polarization (IP) survey, including a 1,700-metre anomalous trend that is open to the northeast and southwest.

In September last year, Golden Arrow also said fieldwork was now underway at its recently staked Rosales copper project in Region III in Chile. Rosales spans 1,450 hectares and sits 90 km from the mining centre of Copiapo. It is already home to priority target areas, which are characterized by zones of near-surface copper stockwork mineralization, including the Margarita Trend target and the NW target.

The company also said it then that it would soon submit an Environmental Impact Report (EIR) for the new Maquinchao property at Flecha de Oro – a required step in the permitting process for exploration.

Away from exploration, in March this year, Golden Arrow announced a definitive agreement to option its Caballos copper-gold project to Hanaq Argentina SA. The latter is an explorer with metal projects throughout the country and it now has the opportunity to earn a 70% interest in Caballos by spending US$4 million on exploration over six years.

Caballos is one of several copper-focused projects within Golden Arrow’s 180,000-hectare portfolio in Argentina that, it said, had demonstrated potential from preliminary geological work.

Inflection points:

  • More exploration results/ findings
  • Gold and copper price moves
  • End of pandemic restrictions

What the boss says: 

On April 29, 2021, in its statement on the trench results from Flecha de Oro, Brian McEwen, Golden Arrow’s vice-president (VP) of exploration and development, said: “We have seen from our previous surface sampling that there is widespread gold in the system at Esperanza, so we are encouraged to find some broader intervals in the near-surface that will help us vector into the heart of the system.”

Contact the author at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.