Golden Arrow's Initial Mineral Resource Insights for San Pietro
Golden Arrow Announces Initial Mineral Resource for San Pietro Project
Golden Arrow Resources Corporation (TSXV: GRG, FSE: G6A, OTCQB: GARWF) is excited to present the initial mineral resource estimate (MRE) for its San Pietro Copper-Gold-Iron-Cobalt Project.
MRE Highlights from San Pietro
The MRE reveals an impressive initial estimate of 492 million tonnes, featuring an average grade of 0.23% copper, 0.05 grams per tonne gold, 14.43% iron, and 99 parts per million cobalt, categorized as Inferred resources. This includes a substantial contribution of approximately:
- 2.5 billion pounds of copper
- 770,000 ounces of gold
Supporting Data and Drilling Insights
The above resources are substantiated by an extensive drilling program totaling 32,733 meters, primarily focusing on the Rincones target along with key contributions from the Colla target known for its cobalt and iron potential.
Brian McEwen, VP of Exploration and Development at Golden Arrow, expressed enthusiasm: "This initial resource estimate showcases our commitment to enhancing shareholder value. Over three years, we have transformed a US$3.35 million property acquisition into this substantial resource, indicating potential for significant growth in the region." He further highlighted plans for upcoming drilling aimed at identifying higher grade breccia and mantos and enhancing understanding of recoverable elements.
Understanding the Resource Estimation Approach
The MRE methodology followed protocol, utilizing a fraction of the available drilling cores to facilitate an informed estimation of mineral quantity and grade. An indicator shell was established to maximize reliability in assessing resources exceeding the cut-off grade of 0.30% copper equivalent.
The density for the block model averaged at 2.94 t/m³ from comprehensive density measurements across various drilling sectors. This model accounted for multiple geological characteristics impacting the mine's viability.
Enhancing Resource Recovery and Quality
Golden Arrow's approach emphasizes the importance of metallurgical work to increase recovery potential. Future metallurgical tests are planned, aiming to better understand the recovery options for both magnetic iron and cobalt components.
This resource estimation does not merely infer potential; it verifies a strong belief in the deposit's broader delineation capabilities. An infill drilling strategy will add depth to the existing data, potentially transforming portions of Inferred resources to a higher indication of confidence.
Future Exploration Opportunities
San Pietro's Rincones option remains open for expansion across various zones within the deposit, and there are five newly identified targets anticipated to present further resource opportunities. The project covers approximately 20,000 hectares, situated in a region well-populated with active mining ventures.
Future exploration is crucial, and the intention is to enhance mineral mapping and recovery outcomes across all areas. Between these targets, the potential for resource growth remains robust.
About Golden Arrow Resources Corporation
Golden Arrow Resources Corporation is a dedicated mining exploration company known for transforming valuable metal discoveries into commercially viable mineral assets. The company continues to focus efforts on its flagship San Pietro project while expanding its portfolio across prospective sites in South America.
Frequently Asked Questions
What is the San Pietro Project?
The San Pietro Project is an advanced iron oxide-copper-gold-cobalt project located in a mining region with significant potential.
What metals are included in the initial MRE?
The initial MRE includes copper, gold, iron, and cobalt, highlighting substantial resources in these categories.
What techniques are used for resource estimation?
Golden Arrow employs a rigorous methodology that incorporates drilling data, density measurements, and advanced resource modeling techniques.
How many drill holes were utilized for the MRE?
A total of 83 drill holes, equating to 32,733 meters of drilling, were utilized to derive the initial estimates.
What are the company’s future plans for the project?
Future plans include extensive exploration and drilling programs aimed at increasing resource confidence and expanding the geographical footprint of the mineralization.
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