Golden Arrow Resources kicks off drilling program at Chile gold-copper project

Golden Arrow Resources kicks off drilling program at Chile gold-copper project

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Golden Arrow Resources Corporation (CVE:GRG) (OTCMKTS:GARWF) revealed that a drill program had kicked off at the Indiana gold-copper project in Chile - a near-term production target. Initial work includes a minimum of 2,500 metres in 12 holes, to test the Bondadosa, Flor de Espino and Rucas veins, the firm said. If successful, a further 2,500 metres is budgeted to test the site's broader potential. READ: Golden Arrow renegotiates Indiana project deal in Chile, moves forward with drilling "The Indiana project is particularly exciting for us because in addition to its potential to host significant gold resources, it has permits in place and nearby processing infrastructure that significantly contributes to the production viability of the project," said Brian McEwen, vice-president of exploration and development for Golden Arrow. "The area has many additional excellent project opportunities and Indiana can become the driver and supporter of our acquisition program." Indiana is road -accessible and spans 2,300 hectares. It lies 40 kilometres north of the city of Copiapó in the 3rd Region of Chile at 1,470 metres above sea level. The project is within an Iron-oxide-copper-gold belt that includes deposits such as Manto Verde, Candelaria and Cerro Negro Norte.  The project hosts historic mineral resources in a high-grade gold-copper vein system and has a permit for mining over the area of the historic resource. Superex SA will provide drilling services using a track-mounted drill rig, said Golden Arrow.  The program has begun with heavy equipment mobilization, pad construction and other logistics, and the drill is expected to be turning before the end of February. Contact the author at [email protected]

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