May 9, 2013: Vancouver, B.C. – Golden Arrow Resources Corp. (Stock Profile – TSXV:GRG) released the results from its initial independent NI 43-101 complaint resource estimate for the Chinchillas silver-lead-zinc project in Jujuy, Argentina. The resource estimate includes 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, and a 50g/t Ag Eq cut-off) in the indicated category, and a further 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 and 50 g/t Ag Eq cut-off) in the inferred category.
“The Company is thrilled to have completed its first NI 43-101 resource estimate of more than 100 million ounces of silver equivalent combined in indicated and inferred categories. Given that the deposit appears to be open in all directions, the Company is confident that the potential for the estimate to increase is high with the completion of the Phase 3 drill program planned for the third quarter of this year. The favorable geometry of the deposit for open pit mining, combined with our recently completed metallurgical test program, and good infrastructure should allow us to advance this to a preliminary economic evaluation quickly as we expand the resource estimate.” stated Brian McEwen, VP Exploration and Development.
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