Agreement For Mineral Exploration of Rio Negro

 

VANCOUVER - Golden Arrow Resources Corporation reported that the Grosso Group has entered into an agreement in principle with the Minister Responsible for State Companies in the Province of Rio Negro, Argentina. The agreement is for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits.

This strategic alliance with the Government of Rio Negro demonstrates their commitment to working together with the Grosso Group and its member companies. Likewise, the Grosso Group and its member companies are strongly committed to developing projects in the Province in conformity and in co-operation with local communities and the Government of Rio Negro.

"Our 16-year track record in Argentina demonstrates transparency and respect for the culture and the very sensitive nature of Patagonia's environment", stated Joseph Grosso, President of the Grosso Group. "This agreement is an excellent platform from which to access world class technology and the labour pool associated with the Province of Rio Negro."

In the agreement, the Province of Rio Negro, Argentina, commits to provide technical advice and put forth their best effort to facilitate the advancement and the development of mining projects implemented at the production stage. In order to promote proper development of mining activities in Rio Negro, the Province will jointly form with the Grosso Group, a mutually beneficial strategy for an association of public and private capital whose objective is the development of mining projects.

The company’s address is Suite 709, 837 West Hastings Street, Vancouver, BC V6C 3N6, 604.687.1828, fax: 604.687.1858, email: [email protected].