Golden Arrow Gears Up for Expanded Drilling at San Pietro Project
Golden Arrow Gears Up for Expanded Drilling at San Pietro Project
Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) has taken a significant step forward by engaging a prominent Chilean environmental consultancy firm to prepare and submit an Environmental Impact Statement (DIA) for its flagship San Pietro Iron-Copper-Gold-Cobalt Project.
Environmental Impact Statement Process
This DIA is critical for facilitating the creation of additional drilling platforms, significantly expanding the project’s exploration capabilities. Upon receiving approval from the relevant authorities, Golden Arrow could potentially drill from an additional 80 platforms.
Comment from VP Exploration
Brian McEwen, VP Exploration and Development, expressed optimism regarding the ongoing phase-two drill program. He noted, "We have now completed about two-thirds of our program, and the data gathered will be essential for estimating the initial mineral resource at San Pietro, particularly focusing on the Rincones target. Our results so far bolster our confidence in the project's long-term potential, and the DIA will enable us to further explore and upgrade resources at Rincones and other identified targets."
Expertise of Environmental Consultancy
Ambiente y Sectorial has been chosen due to its extensive experience within the mining and energy sectors, particularly in navigating the complexities of environmental permitting. Their role will encompass numerous environmental assessments, including studies on flora, fauna, and archaeological components, in compliance with Chilean regulations. The preparation work is set to commence shortly, with the intention of submitting the DIA within the first quarter of the next year.
Overview of the San Pietro IOCG Project
The San Pietro Project spans across 19,200 hectares, strategically located approximately 100 kilometers north of Copiapo. This region is pivotal for developing a new copper-iron-cobalt district, nestled among significant existing mining operations like Capstone Copper's Manto Verde Mine. The geology of the area—a blend of andesite and Cretaceous volcano-sedimentary sequences—is conducive for hosting iron oxide-copper-gold (IOCG) deposits.
Mineralization and Geological Features
San Pietro showcases classic IOCG mineralization alongside cobalt, manifesting in mantos, breccias, and veins within altered rock zones. These areas feature a unique blend of minerals, including actinolite, epidote, and chlorite. The mantos specifically represent a replacement of andesite by magnetite and sulfides, which have a distinct southeast strike and a gentle south-west dip. The geological complexity of San Pietro positions it as a promising site for further exploration and resource expansion.
Qualified Personnel and Exploration Programs
The exploration strategies are meticulously designed by Golden Arrow's geological team. Under the oversight of Brian McEwen, who is a Qualified Person per National Instrument 43-101, these programs ensure that data and resources are accurately verified and managed. McEwen’s expertise is invaluable in guiding the project towards significant mineral resource estimation.
About Golden Arrow Resources Corporation
As a pioneering mining exploration company, Golden Arrow Resources Corporation works diligently to unearth and develop both precious and base metal deposits. In addition to the advanced San Pietro project in Chile, the company holds a robust portfolio of nearly 125,000 hectares of promising properties in Argentina.
Golden Arrow is part of the esteemed Grosso Group, a resource management conglomerate with a history of exploration success in Argentina dating back to 1993. This partnership leads to robust corporate finance maneuvers and strategic asset transactions, benefitting from agreements with notable industry players.
Frequently Asked Questions
What is the significance of the DIA for Golden Arrow?
The DIA is crucial for obtaining permission to drill from additional platforms, expanding exploration efforts significantly for the San Pietro Project.
Who is Brian McEwen?
Brian McEwen is the VP Exploration and Development for Golden Arrow and oversees the exploration programs, ensuring compliance with industry standards.
What is the location of the San Pietro Project?
The San Pietro Project is located in a well-developed mining area, approximately 100 kilometers north of Copiapo, Chile.
What types of mineralization are found at San Pietro?
The project is characterized by IOCG mineralization and cobalt, occurring in mantos, breccias, and veins.
How large is the San Pietro Project?
The San Pietro Project encompasses approximately 19,200 hectares of land.
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