VANCOUVER, April 11, 2019 /CNW/ - Golden Arrow
Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF),
("Golden Arrow" or the "Company") is pleased to announce that
the Company's joint venture partner in Puna Operations Inc.,
("Puna") has reported the first quarter 2019 operational
results for the joint venture's Chinchillas silver-lead-zinc mine
in Argentina.
"In the first quarter of the year material from the
Chinchillas mine returned excellent grades of silver and achieved
remarkable processing recoveries, and we now look forward to
achieving steady-state production," commented Joseph Grosso, Golden
Arrow Chairman and CEO.
Highlights from the news release reported by Puna's operating
partner, SSR Mining, (April
10th, 2019, available on SEDAR) include:
- "Produced 2.4 million ounces of silver, double the silver
production in the fourth quarter of 2018, with lead and zinc
production of 6.8 million pounds and 1.6 million pounds,
respectively."
- "Processed ore in the first quarter of 2019 contained an
average silver grade of 235 g/t."
- Silver recoveries quoted at 91.7%
- "Ramp up at the Chinchillas mine was substantially completed
during the quarter."
Qualified Persons
Brian
McEwen, P.Geol., VP Exploration and Development to the
Company and a Qualified Person as defined in National Instrument
43-101, has reviewed and approved the contents of the news
release.
About Golden Arrow:
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 8 years of forecast production and upside potential at
the Chinchillas Silver Mine. 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.
ON BEHALF OF THE BOARD
"Joseph Grosso"
_______________________________
Mr. Joseph Grosso,
Executive Chairman, President and CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward-looking
statements. Forward-looking statements address future events
and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Readers are encouraged to
refer to the Company's public disclosure documents for a more
detailed discussion of factors that may impact expected future
results. The Company undertakes no obligation to publicly update or
revise any forward-looking statements.
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SOURCE Golden Arrow Resources Corporation