Golden Arrow Resources (GRG.V) has announced the final batch of drill results at their Chinchillas Silver Project in Argentina.
Highlights are an intercept of 108 meters at 4oz/t silver and 1.2% lead, including a high-grade intercept of 3 meters at 712 g/t Ag and 7.7% lead in hole CGA-77. Hole CGA-90 is also exciting, as it intersected 93 meters of 182g/t Ag and 1.9% ZnPb.
These new drill results continue to confirm that the Chinchillas Project is one of the most exciting high-grade silver discoveries of the past year, and we’re looking forward to see the maiden NI43-compliant resource estimate later this quarter. We maintain our estimates and are expecting to see 50Moz AgEq in this first resource estimate which would put them on the radar of nearby operators Silver Standard Resources (SSO.TO, NYSR:SSRI) and Glencore (GLEN.L).
Disclosure: Golden Arrow Resources Corp. is a sponsoring company. Please see our disclaimer for current positions.