Golden Arrow Receives Environmental Approval for San Pietro Project
Golden Arrow Resources Corporation (TSXV: GRG, OTCQB: GARWF) is thrilled to share that it has successfully obtained a vital environmental permitting milestone for its San Pietro Copper-Gold Project situated in the Atacama Region, Chile. This achievement marks a significant moment for the Company as it moves forward in its mining exploration endeavors.
About the Environmental Qualification Resolution
The successful approval process, which lasted over a year, culminated in the issuance of an Environmental Qualification Resolution (RCA) by Chilean authorities. This crucial RCA provides several key authorizations, including the green light for an additional 80 drilling platforms across the Rincones and Colla deposits. Each platform represents a potential drilling location, considerably expanding the scope for detailed drilling aimed at upgrading and expanding the existing resources.
Comments from Company Executives
Brian McEwen, VP Exploration and Development at Golden Arrow, expressed enthusiasm regarding this milestone, stating, "We are pleased to have reached this milestone, which went very smoothly thanks to our professional team in Chile. This approval allows us to complete the infill drilling program at Rincones and Colla to upgrade the resource category and potentially increase the average grades of copper and gold mineralization. The next program will involve step-out drilling to assess extensions to mineralization, targeting areas both between deposits and in several directions that remain open. Furthermore, we are excited to advance new gold exploration targets like Noemi and Cerro Sur for drill testing next year."
Environmental Assessment Process
The environmental assessment was carried out by the independent consulting group Ambiental y Sectorial SpA. Their comprehensive analysis included baseline studies focused on ecosystem protection, groundwater monitoring, and thorough archaeological surveys, alongside community consultations. The findings were submitted as an Environmental Impact Declaration (DIA) to the Atacama Region authorities. Following a thorough evaluation process, the RCA was issued, authorizing the requested work while establishing strict environmental obligations regarding waste management and other operational aspects.
Understanding the San Pietro Project
The San Pietro Project spans over 21,000 hectares approximately 100 kilometers north of Copiapó. It aims to discover multiple deposits of copper, gold, iron, and cobalt (IOCG). To date, Golden Arrow has completed an initial Mineral Resource Estimate indicating approximately 2.5 million pounds of contained copper and 770,000 ounces of contained gold in the Inferred category.
Location and Strategic Importance
Strategically located between Capstone Copper's Manto Verde Mine property and the Santo Domingo Project, San Pietro lies within a newly recognized IOCG district in an active mining region rich in significant IOCG deposits.
Company Operations
Golden Arrow conducts operations on the San Pietro Project through its 75%-owned Chilean subsidiary, New Golden Explorations Inc. (NGE). The Company prides itself on a consistent record of creating value through the discovery of precious and base metals.
Company Overview
Golden Arrow is a leading mining exploration company focused on the development of significant mineral deposits. Its flagship property, the San Pietro IOCG project, is complemented by a diverse portfolio of almost 125,000 hectares of promising properties in Argentina. With a reputation for pioneering exploration in the region, Golden Arrow is part of the esteemed Grosso Group, which has been at the forefront of resource management since 1993.
Frequently Asked Questions
What is the San Pietro Project?
The San Pietro Project is a mining exploration initiative by Golden Arrow Resources targeting copper, gold, iron, and cobalt deposits in Chile.
What does the recent environmental approval entail?
The environmental approval allows Golden Arrow to expand drilling activities significantly at the San Pietro Project, enhancing their resource exploration efforts.
Who is Brian McEwen?
Brian McEwen is the VP Exploration and Development at Golden Arrow, overseeing exploration strategies and development plans for the company's projects.
How many drilling platforms have been authorized?
The RCA authorizes the construction of 80 additional drilling platforms to advance exploration at Rincones and Colla deposits.
When was the Environmental Qualification Resolution issued?
The RCA was issued after successfully completing the environmental assessment, which took over a year to accomplish.
