Golden Arrow Resources Corporation (TSXV: GRG) has kicked-off a new diamond drilling programme at the San Pietro Iron-Copper-Gold-Cobalt Project in Chile.
The 2,650m, seven-hole programme is the first stage of up to 20,000m of drilling budgeted for the year to advance at least five targets at the project.
“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,” VP Exploration and Development, Brian McEwen, said.
“The detailed field programmes 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 programme through the remainder of the year.”
Historic exploration at the Project included over 34,000m 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 10sq. km 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 programmes to fine-tune the targeting for the subsequent holes.
About the San Pietro Project
The 100% held San Pietro Project includes 18,448 hectares of exploration and exploitation concessions in the Atacama region of Chile, approximately 100km north of Copiapo in an active mining district that is home to all the major Iron-oxide copper-gold (IOCG) deposits in Chile.
There is excellent mining infrastructure in the area, and the property is situated between and adjacent to Capstone Copper’s Santo Domingo IOCG mine development project and Mantoverde IOCG mine property.
The project hosts multiple advanced targets with significant IOGG mineralization, and historic drilling encountered high grades of the strategic metals copper and cobalt in numerous holes.
The potential for new mineralization, combined with a central location in a new copper-cobalt district, makes San Pietro the flagship project for value creation in Golden Arrow’s portfolio.
For further information please visit: https://goldenarrowresources.com/
