GRG_Logo.jpg

Golden Arrow Resources Corporation

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 312 – 837 West Hastings Street
Vancouver, BC
Canada, V6C 3N6
Tel No.: 604-687-1828
Toll Free No.: 1-800-687-1858
Web Site: www.goldenarrowresources.com
E-mail: perger@grossogroup.com
Contact Person: Shawn Perger
Position: Communications


Company Data

Traded Market: TSX / OTCQB
Traded Symbol: GRG / GARWF
Outstanding Shares: 102,000,000
Public Float: 50,000,000
52 Week High: $ 0.72
52 Week Low: $ 0.22
Present Price: Click Here


Introduction

Grg1.jpg

Grg2.jpg

Grg3.jpg

Grg4.jpg

Grg5.jpg

Grg6.jpg

Golden Arrow Resources Corporation is an exploration company earning production income. The Company has a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. Golden Arrow owns a 25% share of Puna Operations Inc., a joint venture operated by SSR Mining, with more than eight years of forecast production and upside potential at the Pirquitas-Chinchillas silver mining project.

Golden Arrow is actively exploring a new portfolio of advanced projects in Chile, as well as other targets within its portfolio of more than 200,000 hectares of properties in Argentina. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.


PRODUCTION & EXPLORATION

Puna Operations Inc. – A Silver Mining Joint Venture, Jujuy, Argentina

  • Owned 25% by GRG, 75% by operator SSR Mining
  • Pirquitas Silver Operation provides 2018 income from stockpile processing
  • Fast-tracking development of Chinchillas Silver Deposit
    • First ore delivery in H2 2018
    • Ore to be trucked to existing Pirquitas mill for processing into concentrates
  • Golden Arrow to use future income to fund advanced/producing assets
  • Resource expansion and exploration potential at both properties

New Golden Explorations Inc.

  • Canadian subsidiary 100% owned by Golden Arrow
  • Structured to allow for public spin-out
  • Building Value:
    1. Growing advanced projects with potential for short path to Resources and Production
    2. Exploring grassroots projects with major blue-sky potential
    3. Seeking JV partners for rapid advancement of prospective portfolio

On November 14, 2018, Golden Arrow Resources Corp. has provided an update from its chairman, Joseph Grosso:

Golden Arrow is currently on track to deliver exceptional growth in value for its shareholders. Despite the current softness in the mining markets, the Company has been busy executing on a strategy that is delivering value on two fronts: production and exploration.

Production – Puna Operations Inc.

After successfully completing the combination of the Company's Chinchillas silver deposit with SSR Mining Inc.'s production plant into a new entity, Puna Operations, Chinchillas remains on track to go into full-scale commercial production before the end of 2018. This combination that utilizes the existing operation plant represents tremendous savings in capex (capital expenditures) and time to production.

The Chinchillas integration remains on budget (see SSR Mining's news release dated Nov. 8, 2018), as most of the capex has already been paid. For the balance of costs, Golden Arrow is fully financed to meet this obligation through its credit agreement with SSR Mining.

On December 3, 2018, Golden Arrow Resources Corp. announced thatSSR Mining has declared commercial production at the Chinchillas mine.

Exploration – New Golden Explorations Inc.

Golden Arrow's 100-per-cent-owned exploration subsidiary, New Golden Explorations, has been focused on acquiring advanced-stage exploration projects with the potential to deliver sizable added share value. After extensive review of many prospects, the Company has recently announced the acquisition of the Indiana gold-copper and the Atlantida copper-gold projects. Both of these projects are capable of quickly defining and increasing their respective resources.

Funding to advance New Golden is being sought through venture capital and private equity funds. This financing would be directly into New Golden. Because of Golden Arrow's recent acquisitions and its plan to continue reviewing potential additional projects, the Company is reviewing Golden Arrow's future financing requirements.

Indiana Gold-Copper Project, Region III, Chile

Project Overview

  • 2,300 hectares, 40 km from Copiapo by road
  • Historic (2013) inferred resource estimate of 607,000 oz AuEq, in near-surface, high-grade veins & mineralized shoots, permitted for production
  • 2 ramps for underground exploration and development
  • Exploration upside in veins around known deposit, and throughout the property
  • Underground Exploration:
    • Channel sampling returned higher grades than historic resource averages, which means potential for larger and higher grade resource delineation

Atlantida Copper-Gold Project, Region III, Chile

Project Overview

  • ~3,450 ha, 60 km northeast of Copiapo
  • Extensive database of previous work, including >22,000 m drilling and historic resource estimate
  • 1.5km x 1.5km deposit with deep Cu-Au porphyry and near-surface Aurich skarn with historic inferred resource estimate
  • Significant potential for expansion of mineralization

Antofalla Silver-Gold-Base Metal Project, Catamarca Province, Argentina

Project Overview

  • 8,760 hectares in Catamarca Province
  • Epithermal silver-gold-base metal targets
  • Strong similarities to Chinchillas
  • Remote sensing and IP/Resistivity geophysics in 2016 – 2017
  • Geochemical sampling and Trenching delineated drill targets; Several mineralized targets identified
  • 2018 Drill Program
    • 3021 metres diamond drilling in 11 holes
    • Advanced the database & delineated new targets

Investment Highlights:

  • Earning Production Income via 25% of Puna Operations Inc.
    • Mining JV with SSR Mining Inc. (NASDAQ:SSRI)
    • Provides stability and cash flow, with upside
  • Building new resources via 100%-owned New Golden Explorations Inc.
    • New advanced Au-Cu acquisitions in Chile
    • Portfolio of more than 200,000 hectares
    • Additional projects under review


Management

Management and Directors

Joseph Grosso, Executive Chairman, CEO and President

Mr. Grosso was named Argentina's 'Mining Man of The Year' in 2005. His knowledge of Argentina was instrumental in attracting a premier team which led to the acquisition of key properties in Golden Arrow's portfolio. He is the founder and president of Grosso Group Management Ltd.

Darren C. Urquhart, CA, Chief Financial Officer

Mr. Urquhart is a Chartered Accountant with more than 10 years of experience. Mr. Urquhart is presently engaged in public practice accounting offering CFO and accounting services to TSX Venture Exchange listed exploration companies in the Vancouver area.

Brian McEwen, P.Geol., Vice President of Exploration & Development

Mr. McEwen is a professional geologist with more than 30 years of exploration and production experience in open-pit and underground mining projects and operations. The extent of his experience is global in managing numerous projects in Canada, US, Europe, Asia, Africa and throughout Latin America.

Nikolaos Cacos, MIM, Director and Vice President of Corporate Development

Mr. Cacos brings over 25 years of management and advisory expertise in the mineral exploration industry. He has worked with Grosso Group since inception and serves as senior level executive for all the member companies.

Connie Norman, Corporate Secretary

Ms. Norman is a senior corporate officer with over 18 years of experience within the public company sector providing Corporate Secretarial and Regulatory Compliance services.

Dr. David Terry, Ph.D, P.Geo., Director

Dr. John Gammon, Ph.D, Director

Louis P. Salley, BA, LLB, Director

Alf Hills, P.Eng., Director


News Update

Billionaire investor Stanley Druckenmiller discusses the outlook for the U.S. economy, his investment strategy for stocks and bonds, President Donald Trump's attempts to sway Federal Reserve policy and the prospects for a solution to the U.S.-China trade dispute. He talks with Bloomberg's Erik Schatzker. Full Interview (December 2018)

On December 3, 2018, Golden Arrow Resources Corp. announced that the Company's joint venture and operating partner in Puna Operations Inc. at the Chinchillas Mine in Mexico, SSR Mining has declared commercial production at the mine.

On November 14, 2018, Golden Arrow Resources Corp. has provided an update from its chairman, Joseph Grosso.

On November 9, 2018, Golden Arrow Resources Corp.'s joint venture partner, Puna Operations Inc., has released the third quarter 2018 financial results for the joint venture, as well as provided an operational update on the Chinchillas silver-lead-zinc project in Argentina.


  Disclaimer

Copyright (c) 2000 - 2019 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印