Golden Arrow Provides Update on Puna Operations Second Quarter 2018 Results
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www.goldenarrowresources.com • [email protected] OTCQB Venture Market (OTCQB): GARWF
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NEWS RELEASE – AUGUST 17, 2018
Golden Arrow Provides Update on Puna Operations Second Quarter
2018 Results
Vancouver, BC / Newswire / August 17, 2018 / Golden Arrow Resources Corporation (TSX-V: GRG, FSE:
GAC, OTCQB: GARWF ), “Golden Arrow” or the “Company”) is pleased to report that the 2018 second
quarter results for Puna Operations Inc . (“Puna”) as reported by Golden Arrow’s joint venture partner and
project operator SSR Mining (“SSRM”) in a news release dated August 9th, 2018 and filed on SEDAR.
Highlights from the release include:
Chinchillas project remains on track: Subsequent to quarter -end, trucked first ore to the Pirquitas site
in July 2018. The project remains on schedule for sustained ore delivery in the fourth quarter of the
year and on budget, with material advancements in construction and development activities made
during the quarter.
Exploration to expand resources continues, including a 2,400 metre surface drill program at Pirquitas
targeting mineralization to augment underground mineral resources.
Exceeded first half guidance: Produced 1.0 million ounces of silver at cash costs of $14.73 per payable
ounce of silver sold in the second quarter, exceeding first half production guidance.
“We are pleased to once again report to our shareholders that SSRM continues to demonstrate strong
operational performance for Puna,” stated Golden Arrow Executive Chairman, President and CEO Joseph
Grosso. “Having a reliable operator for Puna allows us to focus our energies on our on -going exploration and
acquisition activities to build additional resources and value in Golden Arrow.”
Qualified Persons
Mr. Brian McEwen, P.Geol., VP Exploration and Development to the Company is a Qualified Person as defined
in National Instrument 43-101, and has reviewed and approved the contents of the news release. Mr. McEwen
has significant prior experience with exploration and development projects in Chile.
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 ow ns 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 Pirquitas -
Chinchillas silver mining project. Golden Arrow is actively exploring on its more than 20 0,000 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
News Release August 17, 2018
Golden Arrow Resources Corporation Page 2
For further information, please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: [email protected]
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.