Golden Arrow Resources (GRG.V) has released more drill results from its ongoing Phase IV drill program at the Chinchillas silver project in Argentina’s Jujuy province. The intercepts and grades remain extremely decent with for instance 20 meters of almost 4 ounces of silver and 1.9% lead and zinc per tonne of rock, as well as 14 meters at an average silver-equivalent grade of 268 g/t (which is almost 9 ounces per tonne).
The size of the mineralization at Chinchillas continues to grow which is truly remarkable given the already substantial size of the project with 165 million silver-equivalent ounces in the ground. Golden Arrow has completed 3,500 meters of the planned 16,000 meter drill program, so the company will be in a position to continuously release exploration updates. Golden Arrow has completed its PEA late last year and we will release an updated report on the company soon as we have had meetings with its key people in Vancouver.
Disclosure: The author holds a long position in Golden Arrow Resources. Golden Arrow is a sponsor of the website. Please see our disclaimer for current positions.