Golden Arrow Options Third Project in Argentina TSX Venture Exchange (TSX-V): GRG Frankfurt Stock Exchange (FSE): G6A OTCQB Venture Market (OTCQB): GARWF
Golden Arrow Options Third Project in Argentina
TSX Venture Exchange (TSX-V):
GRG
Frankfurt Stock Exchange (FSE):
G6A
OTCQB Venture Market (OTCQB):
GARWF
VANCOUVER, BC
,
June 24, 2025
/CNW/ -
Golden Arrow Resources Corporation
(TSXV: GRG) (FSE:
G6A) (OTCQB: GARWF), ("
Golden Arrow
" or the "
Company
") is pleased to announce that it has signed
the definitive option agreement (the "
Agreement
") with Latin Metals Inc. ("
Latin Metals
") granting the
option to acquire up to a 100% interest in the Company's Huachi property ("
Huachi
"). Huachi is a 3,500-
hectare copper-gold property that is part of
Golden Arrow's
portfolio of over 120,000 hectares of
prospective properties in
Argentina
. The Huachi project is located in San Juan Province and is immediately
contiguous with Latin Metals'
Esperanza copper-gold project
.
Golden Arrow President
& CEO
Nikolaos Cacos
commented,
"
This agreement marks the third strategic
option agreement we have signed in recent years as part of our efforts to advance our non-core assets.
Success on any of these projects is good for
Golden Arrow
and our shareholders. Huachi now joins our
Mogote Copper-Gold project that is under option to Mogotes Metals as part of their
Filo Sur
project, and
our Caballos Copper-Gold project that is under option to Hanaq Argentina S.A.
"
Definitive Option Terms
Latin Metals has the right to acquire an initial 75% interest in Huachi by completing
US$1,000,000
in
exploration expenditures and
US$1,000,000
in cash payments to
Golden Arrow
over a four-year period.
Upon earning the 75% interest, Latin Metals has a Top-Up Right to acquire the remaining 25% interest (for
an aggregate 100% ownership) by paying
US$2,000,000
in cash to
Golden Arrow
within 90 days (Table 1).
Should Latin Metals choose not to exercise the Top-Up Right, the parties will form a joint venture ("
JV
") with
Latin Metals holding 75% and
Golden Arrow
25%. Each party will fund its pro-rata share of future
expenditures. A party diluting below 15% will have its interest converted to a 1% net smelter return ("
NSR
")
royalty.
Work commitments and cash payments commence on the first anniversary of approval of the environmental
permit (Declaración de Impacto Ambiental or "
DIA
"), approving the start of exploration activities including
drilling (the "
Commencement Date
").
Table 1. Commercial Terms for the Huachi Property, San Juan Province
Anniversary
Following the
Commencement Date
Work Commitment
($US)
Cash Payments
($US)
Vesting
First
$100,000
$100,000
-
Second
$150,000
$150,000
-
Third
$250,000
$250,000
-
Fourth
$500,000
$500,000
75 %
Top-Up Right
-
$2,000,000
25 %
Total
$1,000,000
$1,000,000
100 %
About
Golden Arrow
:
Golden Arrow Resources Corporation is a mining exploration company with a successful track record of
creating value by making precious and base metal discoveries and advancing them into exceptional
deposits.
Golden Arrow
is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-
cobalt project in
Chile
, and a portfolio that includes nearly 125,000 hectares of prospective properties in
Argentina
.
The Company is a member of the Grosso Group, a resource management group that has pioneered
exploration in
Argentina
since 1993.
For additional details please see the Company's website
www.goldenarrowresources.com
and its filings on
www.sedarplus.ca
.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
______________________________
Mr.
Nikolaos Cacos
President and CEO
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV)
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. All statements, other than
statements of historical fact, that address activities, events or developments the Company believes,
expects or anticipates will or may occur in the future, including, without limitation, statements about the
terms of the Definitive Agreement, the exercise of the Option and the timing thereof; the Company's
business strategy, plans and outlooks; the future financial or operating performance of the Company are
forward-looking statements.
Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual
results of the Company to differ materially from those discussed in the forward-looking statements and,
even if such actual results are realized or substantially realized, there can be no assurance that they will
have the expected consequences to, or effects on, the Company. Factors that could cause actual results
or events to differ materially from current expectations include, among other things: risks and
uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks
associated with obtaining necessary regulatory approvals; risks associated with technical difficulties in
connection with exploration and mining activities; and the possibility that future exploration, development
or mining results will not be consistent with the Company's expectations. 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, unless required pursuant to applicable laws.
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%SEDAR: 00042897E
For further information:
For further information, please contact: Corporate Communications, Tel: 1-604-
687-1828, Toll-Free: 1-800-901-0058, Email: [email protected]
CO: Golden Arrow Resources Corporation
CNW 07:00e 24-JUN-25