Gold Arrow announces increase at Argentina's Chinchillas Silver Deposit
This update includes the results of more than six miles of new diamond core drilling.
Golden Arrow will file a NI 43-101 Technical Report that shows evidence for the disclosure of this mineral resource. The new file must be completed within the next 45 days. The company intends to integrate its newest resource with its new economic studies, which will be part of its process in advancing its project.
Golden Arrow has 100 percent interest of the Chinchillas project. This development is located within the Bolivian silver – zinc – tin belt that is in the northern portion of Argentina. Chinchillas is part of a Tertiary aged volcanic complex, which erupted from Paleozoic basement schists, creating a basin that is full of volcanic tuffs as well as tuff breccias. This debris contains thick layers of lead, silver and zinc mineralization.
"We are very pleased with this new resource estimate, which shows a 25 percent increase in silver and more than double the previous amount of zinc compared to the previous estimate,” Golden Arrow Exploration and Development VP Brian McEwen said. "In addition to the increase in the size of the deposit, the latest drill campaign has added new drill targets."