|Golden Arrow Resources Corp. - GRG.v is advancing the flagship Chinchillas Silver Project, in the Province of Jujuy, Argentina approximately 30kms from Silver Standard's Pirquitas mine. |
Chinchillas has near-surface mineralization providing the potential for an open-pit mining scenario, plus conventional metallurgy that has shown high recoveries of silver, lead and zinc.
Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company") is pleased to announce that due to high investor demand, the Company has increased the non-brokered private placement amount announced on July 13, 2016 from 8,320,000 units to 9,020,000 units at a price of $0.75 per unit for gross proceeds of $6,765,000. All other terms of the July 13, 2016 news release remain the same.
About Golden Arrow: Golden Arrow is a Vancouver-based explorer focused on identifying, acquiring and advancing precious and base metal projects in Argentina with the goal of achieving a world class discovery. The main focus is on advancing the flagship Chinchillas Silver Project located in Jujuy, Argentina. Golden Arrow is a member of Grosso Group, a management company specialized in resource exploration, and working in Argentina where it is highly regarded and trusted since 1993.