12:14 PM EDT, 10/31/2024 (MT Newswires) -- Golden Arrow Resources (GRG.V) Thursday reported a significant expansion of the Rincones target, where diamond drill hole SP-DDH-29 stepped out nearly 400 meters to the south and hit multiple significant intervals of copper, gold, cobalt and iron mineralization between 100 meters and 519 meters depth.
"With over 300 metres averaging 0.19% Cu and 0.06 g/t Au, the significance of the results of hole 29 cannot be overstated," said VP Exploration and Development, Brian McEwen. "At a 400 m step-out from the mineralized zones at Rincones, these results indicate the potential to greatly expand a resource footprint with minimal additional infill drilling. In addition, mineralization is open laterally along the northwest-southeast trend into largely untested areas. We are now starting additional holes to provide the drill density to include this in our Rincones resource calculation, as well as to test the lateral extent of this new mineralization."
The three holes are part of the drilling campaign at the San Pietro Iron Oxide-Copper-Gold-Cobalt Project in Chile.
Golden Arrow shares were last seen unchanged at $0.04 on the TSX Venture Exchange.
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