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Golden Arrow Resources, A gold explorer with significant cash flow!
Golden Arrow Resources (TSX.V: GRG) has an extensive portfolio of 40 projects in South America including 9 drill ready prospects and a 1% royalty on Yamana Gold's Gualcamayo Gold Mine. Based on today's gold price and Yamana's production forecasts, Golden Arrow expects to receive approximately US$1.5 to 2 million in cash annually from its royalty for the next ten plus years. Currently, Golden Arrow's primary exploration focus is on the Poncha Gold Project in San Juan Province, Argentina. Drilling is underway targeting, with regular step-out holes, the strong mineralized zone intersected by discovery hole RCPC13 (266 m averaging 1.21 g/t gold) within the 2km by 2km South Target epithermal precious/base metal zone. Many of Golden Arrow's other projects are adjacent to, or in close proximity of, some of the largest deposits in South America. Rio de las Taguas Property is adjacent to Barrick's Pascua-Lama deposit (23.7 million ounces of gold resource), and the Potrerillos Property adjoins Barrick's Veladero discovery (15 million ounces of gold equivalent resource). |
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