Golden Arrow Resources Corporation reported that results from the mapping and vein sampling program at the Flecha de Oro gold project in Rio Negro province have delineated a new high-grade gold target on the Esperanza property.This target includes a series of sub-parallel quartz veins in an apparent structural corridor that was mapped over 230 metres in length and up to 30 metres of width, and remains open in both directions along strike. Highlights from sampling include:
- 24.4 g/t gold and 13.6 g/t silver from a float/boulder sample
- 5.23 g/t gold and 32.3 g/t silver over 0.30 metres from a vein chip sample, and
- 4.3 g/t gold and 2.3 g/t silver over 0.30 metres from a vein chip sample.
“The Flecha de Oro exploration program is advancing nicely with the addition of this new high-grade gold target at the Esperanza property, located more than a kilometre and a half north of the high-grade samples we reported in early March. In addition, the new Maquinchao properties expand our prospective area, further increasing our chances to discover a major epithermal deposit at the project,” commented Brian McEwen, Golden Arrow’s VP Exploration and Development.
Golden Arrow has recently entered into an option agreement for a new area called Maquinchao, adding an additional 2,000 hectares to the Flecha de Oro epithermal gold project. The property appears to host a high sulphidation epithermal gold-copper-silver system; due diligence sampling included 10 rock chip samples from outcrops with values up to 11.0 g/t gold, 0.63% Cu and 43g/t Ag.
The Flecha de Oro gold project in Rio Negro Province, consists of three separate property packages, Puzzle (1,952 hectares), Esperanza (9,968 hectares) and Maquinchao (2,000 hectares) for a total tenure position covering 13,920 hectares in an area that is prospective for large epithermal precious metal deposits. Following receipt of the initial results at Esperanza, applications have been made for two additional concessions around the initial Esperanza property totaling over 14,500 hectares. In addition, applications have been made for two additional concessions totaling over 2,500 hectares around the Puzzle property.