1. Golden Arrow reports first MRE for San Pietro Project in Chile. 2. Inferred resources estimated at 492 Mt, primarily from Rincones target. 3. Project feasibility depends on further drilling and metallurgical testing. 4. Potential exists for resource expansion with new drilling targets identified. 5. Current MRE supports optimistic outlook for copper and gold resource values.
The announcement of an MRE typically drives investor interest and confidence, similar to past MRE updates in the mining sector, which have resulted in price increases. Historical examples include other mining companies which saw stock price rises of 20-40% upon releasing positive resource estimates.
The release of the first MRE is a significant milestone for GARWF, marking potential revenue sources and market interest. As exploration continues, the importance of robust resource estimates will likely attract more attention from investors, indicating direct relevance to GARWF's price movement.
As resource estimates require time for verification and potential economic viability assessments, the true impact on share price will unfold over several quarters. Successful exploration and positive metallurgical results could take multiple phases of drilling, influencing long-term confidence.
VANCOUVER, BC, Feb. 28, 2025 /PRNewswire/ - Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce the results of the first mineral resource estimate ("MRE") for the San Pietro Copper-Gold-Iron-Cobalt Project in Chile ("San Pietro" or the "Project").
The pit-constrained MRE is supported by 32,733 metres of drilling, mostly from the Rincones target which has been the main focus of work to date, but with contributions from the adjacent Colla high cobalt-iron target.
(see Figure 1).
Brian McEwen, VP Exploration and Development for Golden Arrow, commented, "We are thrilled to report this initial resource estimate and demonstrate our commitment to building value for our shareholders...
| Grade CuEq% | Cutoff | Tonnes Mt | Cu% | Au g/t | Co ppm | Fe % | CuEq Mlb | Cu Mlb | Au Oz | Co Mlb | Fe Blb |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.30 | 492 | 0.41 | 0.23 | 0.05 | 99 | 14.43 | 4,444 | 2,470 | 770,000 | 107 | 157 |
The database comprises a total of 39 drill holes for 12,532 metres of drilling completed by Golden Arrow between 2023 and 2024 and 47 drill holes for...
The mineral resources disclosed...
Golden Arrow Resources Corporation is a mining exploration company with a successful track record...
ON BEHALF OF THE BOARD
"Joseph Grosso"
_______________________________ Mr. Joseph Grosso, Executive Chairman, President and CEO
Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements...