June 20, 2013: Vancouver, B.C. – Golden Arrow Resources Corp. (Stock Profile – TSXV:GRG) has received and filed on SEDAR the independent National Instrument 43-101 technical report regarding the mineral resource estimate for the Chinchillas silver-lead-zinc project in Argentina, as described in the company’s news release dated May 9, 2013.
The Report, dated June 20 2013, was prepared according to NI 43-101 guidelines and in accordance with CIM Standards on Mineral Resources and Reserves, under the supervision of independent qualified persons, Bruce Davis, Ph.D. FAusIMM, and Kyle Howie, B.Sc., MAIG.
Highlights from the Report include:
-Indicated resources of 7.2 million tonnes grading 119 g/t silver, 0.57% lead and 0.48% zinc (32.6 million ounces silver equivalent (“Ag Eq”) at 141 g/t Ag Eq; 50g/t Ag Eq cut-off).
-Inferred resources of 21 million tonnes grading 78 g/t Ag, 0.69% Pb and 0.62% Zn (72.2 million ounces Ag Eq at 107 g/t Ag Eq grade; 50 g/t Ag Eq cut-off) .
-The main mineralized zones at Chinchillas have yet to be closed off by drilling and there are several exploratory drill holes with significant mineralization outside the current resource model.
-A proposed 7,000 meter of additional drilling is recommended to increase the resource size and confidence. In addition, preliminary engineering studies are proposed, as well as environmental and social impact assessments, to advance the Chinchillas Project. The total budget for the suggested programs is $2.3 million.
The resource estimate and associated information in this news release was prepared under the supervision of, and approved by, independent consultants to the Company, Bruce Davis, Ph.D. FAusIMM, of BD Resource Consulting Inc., and Kyle Howie, B.Sc., MAIG. The contents of the news release have been reviewed and approved by Brian McEwen, P.Geol., VP Exploration and Development to the Company. Dr. Davis, Mr. Howie, and Mr. McEwen are Qualified Persons as defined in National Instrument 43-101.
A copy of the report will also be made available on the Company’s website, www.goldenarrowresources.com.