Significant Expansion Of The Rincones Target
VANCOUVER - Golden Arrow Resources Corporation reported a significant expansion of the Rincones target, where diamond drill hole SP-DDH-29 stepped out nearly 400 metres to the south and hit multiple significant intervals of copper, gold, cobalt and iron mineralization between 100 metres and 519 metres depth.
310.85 m averaging 0.19% Cu, 0.06 g/t Au, 127 g/t Co and 12.2% Fe starting at 186.4m depth. This includes: 1) 149.6m averaging 0.21% Cu, 0.05 g/t Au, 153 g/t Co and 12.5% Fe starting at 186.4m depth - Including 19.28m averaging 0.77% Cu, 0.16 g/t Au, 521 g/t Co and 21.7% Fe. 2) 42.9m averaging 0.26% Cu, 0.14 g/t Au, 104 g/t Co and 13.4% Fe starting at 454.34m depth - Including 7.95m averaging 0.39% Cu, 0.41 g/t Au, 214 g/t Co and 23.7% Fe.
Brian McEwen, VP Exploration and Development, said, "With over 300 metres averaging 0.19% Cu and 0.06 g/t Au, the significance of the results of hole 29 cannot be overstated. At a 400 m step-out from the mineralized zones at Rincones, these results indicate the potential to greatly expand a resource footprint with minimal additional infill drilling. In addition, mineralization is open laterally along the northwest-southeast trend into largely untested areas. We are now starting additional holes to provide the drill density to include this in our Rincones resource calculation, as well as to test the lateral extent of this new mineralization.
In the even bigger picture, this large step-out was in the mostly untested area between Rincones and the Colla target, located about 600 metres further south-southeast. At Colla, the limited drilling to date has hit spectacular cobalt and iron intervals over several hundred metres of strike, in addition to new copper and gold intercepts. If we can continue to find new mineralization that closes the gap between the Rincones and Colla targets it could be a game-changer for the project moving forward."