Golden Arrow Prepares for Expanded Drilling at San Pietro Project
Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) is making significant progress by hiring a well-regarded Chilean environmental consultancy to prepare and submit an Environmental Impact Statement (DIA) for its leading San Pietro Iron-Copper-Gold-Cobalt Project.
The Environmental Impact Statement Journey
This DIA is essential for establishing additional drilling platforms, which will greatly enhance the project’s exploration potential. Once the relevant authorities grant approval, Golden Arrow could start drilling from as many as 80 new platforms.
Insights from Brian McEwen
Brian McEwen, Vice President of Exploration and Development, shared his enthusiasm about the ongoing phase-two drilling program. He stated, “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 involving the Rincones target. Our findings so far strengthen our confidence in the project's long-term potential, and the DIA will allow us to explore and upgrade resources at Rincones and other identified targets further."
Why Choose This Environmental Consultancy?
Ambiente y Sectorial was selected for its extensive expertise in the mining and energy sectors, especially in handling the complexities of environmental permitting. Their responsibilities will include various environmental assessments, which cover studies on local flora, fauna, and archaeological aspects, all in line with Chilean regulations. They are set to start the preparation work soon, aiming to submit the DIA in the first quarter of next year.
Details on the San Pietro IOCG Project
The San Pietro Project covers an area of 19,200 hectares and is strategically positioned about 100 kilometers north of Copiapo. This location is crucial for developing a new copper-iron-cobalt district and is in proximity to significant mining operations, including Capstone Copper's Manto Verde Mine. The region's geology—characterized by andesite and Cretaceous volcano-sedimentary sequences—favors the presence of iron oxide-copper-gold (IOCG) deposits.
Mineralization and Geological Characteristics
San Pietro exhibits typical IOCG mineralization along with cobalt, found within mantos, breccias, and veins situated in altered rock zones. These areas showcase a unique combination of minerals like actinolite, epidote, and chlorite. The mantos specifically signify a replacement of andesite by magnetite and sulfides, trending southeast and dipping gently to the southwest. The geological intricacies of San Pietro make it a promising candidate for additional exploration and resource growth.
Expert Personnel and Exploration Programs
The exploration strategies at Golden Arrow are carefully crafted by its geological team. Under the guidance of Brian McEwen, a Qualified Person as defined by National Instrument 43-101, these programs focus on the accurate verification and management of data and resources. McEwen’s experience plays an essential role in steering the project towards a comprehensive mineral resource estimation.
About Golden Arrow Resources Corporation
Golden Arrow Resources Corporation is a pioneering mining exploration firm dedicated to the discovery and development of both precious and base metal deposits. Alongside the advanced San Pietro project in Chile, the company boasts a solid portfolio of nearly 125,000 hectares of promising properties in Argentina.
Part of the respected Grosso Group, a resource management company with a track record of exploration success in Argentina starting in 1993, Golden Arrow benefits from strong corporate finance strategies and advantageous asset transactions, supported by partnerships with notable industry players.
Frequently Asked Questions
What is the significance of the DIA for Golden Arrow?
The DIA is vital for obtaining approval to drill from additional platforms, which will significantly expand exploration activities for the San Pietro Project.
Who is Brian McEwen?
Brian McEwen is the VP Exploration and Development for Golden Arrow and oversees exploration programs, ensuring compliance with industry standards.
Where is the San Pietro Project located?
The San Pietro Project is situated in a well-established mining region, approximately 100 kilometers north of Copiapo, Chile.
What types of mineralization can be found at San Pietro?
The project features IOCG mineralization along with cobalt, present in mantos, breccias, and veins.
How large is the San Pietro Project?
The San Pietro Project covers approximately 19,200 hectares of land.
