Golden Arrow Advances Drilling Plans at San Pietro Project
Golden Arrow's Commitment to Sustainable Mining Practices
Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF) is making impactful strides in its environmental stewardship by initiating the permitting process for additional drilling at its prominent San Pietro Iron-Copper-Gold-Cobalt Project. This project is located in a region known for its rich mineral resources and holds significant promise for both economic development and sustainable mining.
Engagement of Environmental Experts
To ensure that their drilling activities align with environmental regulations, Golden Arrow has engaged a reputable Chilean environmental consultancy to prepare a comprehensive Environmental Impact Statement (EIS), known as the "Declaración de Impacto Ambiental" or "DIA." The completion of the DIA will pave the way for the creation and utilization of 80 new drilling platforms, which is critical for advancing the project further and exploring its full potential.
Focus on Data-Driven Exploration
Brian McEwen, VP of Exploration and Development for Golden Arrow, shared insights on the company's current progress. With roughly two thirds of the Phase two drill program completed, the company is working diligently to gather crucial data necessary for estimating the mineral resources at San Pietro, particularly focusing on the Rincones target. McEwen expressed confidence in the project's long-term potential and reiterated their commitment to enhancing shareholder value through persistent exploration efforts.
Locational Advantages of San Pietro
The San Pietro Project spans an impressive 19,200 hectares and is strategically positioned approximately 100 kilometers north of significant mining operations. It is situated between the Capstone Copper's Manto Verde Mine and the Santo Domingo Project, immersing it in a thriving mining district rich in iron oxide-copper-gold (IOCG) deposits.
Geological Framework and Mineralization
The geological setting of the San Pietro Project is compelling, with its host composed of andesite units within a Cretaceous-aged volcanic-sedimentary sequence. This region also includes various intrusive rocks such as granodiorites and diorites. The project lies east of the Atacama Fault system, which has played a crucial role in controlling mineral deposit formations in the area.
Ore exposure at San Pietro displays typical IOCG mineralization characteristics, enriched with cobalt. The mineralized zones predominantly manifest in mantos, breccias, and veins, interspersed with alteration zones identified by minerals like actinolite, epidote, chlorite, and scapolite. This complex mineralization pattern is essential for enhancing the potential resource profile of the project.
Environmental Studies and Research Commitments
Environmental studies encompassing baseline flora and fauna assessments as well as archaeological surveys will be integral to the DIA process. Golden Arrow anticipates that work on these studies will begin shortly and aims to submit the DIA to the appropriate authorities by early 2025. This comprehensive approach showcases the company's dedication to complying with Chilean environmental regulations while promoting sustainable resource development.
Exploration Programs and Qualified Personnel
The exploration activities at San Pietro are carefully designed and executed by the knowledgeable geological staff at Golden Arrow. The results of these programs are meticulously reviewed and supervised by Brian McEwen, a Qualified Person under National Instrument 43-101, ensuring the highest standards of evaluation and transparency within the company’s operations.
About Golden Arrow Resources Corporation
Golden Arrow Resources Corporation is recognized not only for its active exploration efforts at San Pietro but also for its overarching goal of transforming significant metal discoveries into robust deposit potentials. The company actively manages an extensive portfolio, encompassing nearly 125,000 hectares across promising terrains in Argentina.
As a proud member of the Grosso Group, an established entity in resource management, Golden Arrow draws on decades of specialized experience in mineral exploration and development. The group's track record includes successful collaborations with major mining firms, demonstrating their proven capability in navigating the complexities of the mining industry.
Frequently Asked Questions
What is the San Pietro Project known for?
The San Pietro Project is notable for its iron-copper-gold-cobalt mineralization, situated within a developing mining district rich in valuable resources.
Who is leading the exploration at San Pietro?
Brian McEwen, VP of Exploration and Development, is leading the project with a skilled team ensuring high-quality exploration practices.
What steps is Golden Arrow taking to protect the environment?
Golden Arrow is preparing an Environmental Impact Statement (DIA) to comply with local regulations and ensure responsible mining practices.
How large is the San Pietro Project?
The project spans approximately 19,200 hectares, showcasing its significant size and potential for mineral resource extraction.
What role does the Grosso Group play in Golden Arrow's operations?
The Grosso Group provides expertise in resource management, aiding Golden Arrow in exploration and corporate strategies in the mining sector.
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