The San Pietro Project is hosted by andesite units in a Cretaceous volcano-sedimentary sequence associated with intrusive rocks including granodiorites and diorites of similar age.
Golden Arrow Commences Drilling at San Pietro project. (Credit: Alex Banner from Pixabay)
Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF) (“Golden Arrow” or the “Company”) is pleased to announce that a new diamond drilling program has commenced at the Company’s flagship San Pietro Iron-Copper-Gold-Cobalt Project in Chile. The 2,650-metre, 7-hole program is the first stage of up to 20,000 metres of drilling budgeted for the year to advance at least five targets at the project (see Figure 1).
Brian McEwen, VP Exploration and Development for Golden Arrow, commented, “We are very excited to get drills turning at San Pietro. The past drilling was extensive, and the historic prospects are very exciting, but after reviewing the old database we still had a lot of questions. The detailed field programs we completed in 2022 and earlier this year have resolved many questions, led to some new interpretations, and already identified new areas of mineralization. This first small stage of drilling is going to test the models at several targets, which will then set the stage for the larger program through the remainder of the year.”
Historic exploration at the Project included over 34,000 metres of drilling in 83 holes concentrated mainly at four targets with iron-oxide, copper, gold (“IOCG”) and cobalt mineralization: Rincones, Colla, Rodeo and Radiss Norte. In the last seven months, Golden Arrow has modernized and added to the database to refine the targets for additional drilling. This work included detailed (1:2,000 scale) mapping covering more than 10km2 at Rincones and Colla, plus surface sampling, relogging of the most significant drillholes, a re-assessment of the historic geophysical surveys and a 3D IP/resistivity survey at the Colla target. In the process, the field team also added a fifth zone, Mariposa, to the list of priority targets.
The first phase of drilling will test several new interpretations that resulted from the recent field programs to fine-tune the targeting for the subsequent holes.
Source: Company Press Release