Environmental Approval For The San Pietro Project

VANCOUVER – Golden Arrow Resources Corporation reported that a significant permitting milestone has been achieved for the San Pietro Copper-Gold Project in Atacama Region, Chile. Following an extensive process spanning over a year, an Environmental Qualification Resolution (RCA) has been issued by the Chilean authorities responsible for environmental matters. The RCA includes several authorizations and most importantly allows for an additional 80 drilling platforms, mainly in the area of the Rincones and Colla deposits. Each platform is a location where one or more drill holes can be executed, which provides the Company a large scope for the next phase of detailed drilling to upgrade and expand the resources.
Brian McEwen, VP Exploration and Development, said, “We are pleased to have reached this milestone, which went very smoothly thanks to our professional team in Chile.  This approval allows us to complete the infill drilling program at Rincones and Colla to both upgrade the resource category and potentially increase the average grades of copper and gold mineralization. The next program will also include step-out drilling to test for extensions to mineralization, both between the deposits and in several directions that remain open. In addition to those large-scope programs envisioned at our existing deposits, we are working to advance our exciting new gold exploration targets like Noemi and Cerro Sur to be ready for drill testing in the new year.”