Golden Arrow Completes Additional Sampling and Commences Trenching Program at Noemi Gold Target, San Pietro Project, Chile
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The area surrounding this structural zone continues to be explored, and in the last month rock chip samples have been collected from similar structures approximately 500 metres to the east, 200 metres to the west as well as a possible northern extension some 2.6 kilometres to the north (see Figure 2). The new samples have been sent for gold and multi-element assaying and results are expected within 4 - 6 weeks.
The breccia-hosted gold and copper mineralization at Noemi related to tourmaline alteration is believed to be related to the mineralized system identified at the Lolita Norte target that outcrops 3 kilometres to the west, with similar orientation and mineralization (Figure 1; see News Release dated
Exploration Program Details
The Noemi target area covers roughly a 2 kilometre by 3 kilometre area located approximately 7 kilometres south of the Rincones resource (approximately centred on the target name shown in Figure 1). The main geological units mapped in the Noemi area are fine grained andesites, tuffs and volcaniclastic rocks intruded by a microdiorite with some areas of substantial gravel cover.
A significant gold sub-target has been identified within the Noemi target area. It is characterized by an earlier stage alteration assemblage associated with a north-south structural system originally identified within an area of approximately 1 kilometre by 750m. This system includes a wide brecciated zone with veins and veinlets filled with tourmaline-quartz-calcite-jarosite and minor barite, specularite and minor chrysocolla. Channel chip sampling returned intervals of up to 10.0m averaging 1.88 g/t Au (see News Release Dated
Exploration work continues in the Noemi target area, and the team has collected another 52 rock chip samples from other structures identified during the mapping program (see Figure 2), including:
- A set of similar veins and breccias structures of quartz-tourmaline-jarosite composition parallel to the main structure and with similar widths, located approximately 500 metres east of the gold-hosting structure described above
- Zones with veinlets and stockwork of quartz-tourmaline-jarosite-carbonates approximately 200 metres to the west of the main structure
- Veins of quartz-tourmaline-magnetite-jarosite located 2.6 kilometres to the north of the main structure, which may be a northern extension of that structure.
Methodology & QA/QC
Rock chip samples at Noemi were collected by the technical team. Samples were shipped to
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
About the
Situated between and adjacent to Capstone Copper's
Golden Arrow operates San Pietro through its 75%-owned Chilean subsidiary,
About Golden Arrow:
Golden Arrow 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
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
_______________________________
Mr.
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 may contain forward-looking statements. 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 the Company believes, expects or anticipates will or may occur in the future, including, without limitation; statements about the potential mineralization and future exploration plans of the Noemi target and San Pietro project; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company 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. 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 obtaining necessary regulatory approvals (including the TSXV's approval); risks associated with technical difficulties in connection with exploration activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.
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