Golden Arrow Expands Copper and Cobalt Drilling Success in Chile
Exciting Developments in Copper and Cobalt Mining
Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF) recently reported significant breakthroughs in their ongoing drilling program at the San Pietro Iron-Copper-Gold-Cobalt Project. The Rincones target is yielding encouraging results, reinforcing the company's optimistic outlook for ongoing exploration.
Highlighted Drill Results
The latest drill results have confirmed the presence of rich mineralization zones. For instance, the company has successfully encountered a substantial interval of 110 meters grading 0.40% copper, 0.08 g/t gold, 85 g/t cobalt, and 18.0% iron starting at a depth of 158 meters.
Noteworthy Interceptions
Within this interval, a notable section measuring 1.12 meters has been recorded at exceptional grades of 10.35% copper, 2.44 g/t gold, and 470 g/t cobalt. This level of mineralization not only highlights the quality of the resource but also emphasizes the potential for further discovery in this area.
Continuing Exploration at Rincones
Further exploration drilling efforts have uncovered another long interval with high cobalt grades approximately two kilometers from the Rincones target. Drill hole SP-DDH-25 revealed 123.1 meters at 443 g/t cobalt starting near the surface, marking it as a groundbreaking finding at the San Pietro Project.
Strategic Drilling Campaign Overview
Brian McEwen, VP Exploration and Development at Golden Arrow, expressed enthusiasm about the project's potential. With approximately half of the planned 10,000-meter drilling campaign remaining, the company aims to affirm its resource potential further. The initial findings suggest continuous mineralization across the recently drilled area connecting previously defined zones.
San Pietro Project: A Rich Mining Territory
The San Pietro Project spans over 19,200 hectares and holds significant geological promise. Situated between major mining operations in the region, it showcases a historical context of iron oxide-copper-gold and cobalt mineralization.
In particular, the mineralization at San Pietro is characterized by an interaction of various geological formations, including an array of alteration zones and deposit types, indicative of a robust mining district. The project's proximity to established mines underscores its potential to emerge as a significant contributor to the region's output.
Future Exploration Plans
Looking ahead, Golden Arrow plans to intensify its exploration efforts at multiple targets across the San Pietro property. With the current phase of drilling yielding such promising results, the company is focused on optimizing its resource estimation process, which will help establish a clear mine development strategy.
In addition, the implementation of robust quality assurance protocols will ensure the reliability of data as the mining project progresses. Enhancing investor confidence is paramount for the company as it charts its path forward in a competitive marketplace.
Frequently Asked Questions
What are the recent findings from Golden Arrow's drilling campaign?
The recent drilling revealed significant mineralization zones, including 110 meters grading 0.40% copper and high-grade cobalt intervals.
What is the San Pietro Project known for?
The San Pietro Project is recognized for its potential in iron-oxide-copper-gold and cobalt mineralization, showcasing ample geological resources.
How many meters is Golden Arrow planning to drill in this campaign?
Golden Arrow plans to complete approximately 10,000 meters of drilling in its current campaign.
What are the future plans for the San Pietro Project?
The company aims to continue exploring multiple targets while focusing on resource estimation and data reliability.
Who is overseeing Golden Arrow's exploration programs?
The exploration programs are supervised by Brian McEwen, the company’s VP Exploration and Development.
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