Golden Arrow Terminates Option for Libanesa Project, Argentina
Golden Arrow Terminates Option for Libanesa Project,
Argentina
VANCOUVER, BC
,
July 21, 2022
/CNW/ -
Golden Arrow Resources Corporation
(TSXV: GRG) (FSE: G6A) (OTCQB:
GARWF)
, ("Golden Arrow"
or the
"Company")
reports that it has terminated its option for the Libanesa Silver-Gold
Project in
Argentina
. Per its obligations as announced on
October 12, 2021
,
Golden Arrow
has met and exceeded its
minimum commitment, through an exploration program that included field mapping, surface sampling, trenching and 1716
metres of drilling. The Company has informed the vendor that it will not be continuing with the option and instead
Golden
Arrow
will focus its efforts on its new San Pietro copper-gold-cobalt project in
Chile
, and on its portfolio of projects in
Argentina.
Qualified Persons
The technical portions of this news release have been reviewed and approved by
Brian McEwen
, P.Geol., VP Exploration
and Development to the Company and a Qualified Person as defined in National Instrument 43-101.
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. The Company is well leveraged
to the price of gold, having monetized its Chinchillas silver discovery into a significant holding in precious metals producer
SSR Mining Inc.
Golden Arrow
is actively exploring the advanced San Pietro Cu-Au-Co project in
Chile
, and a portfolio that includes more
than 180,000 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.
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. 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 Company's plans for its mineral properties; the Company's
business strategy, plans and outlooks; the future financial or operating performance of the Company; and future
exploration and operating plans 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: the impact of COVID-19; risks and uncertainties related to the ability to obtain, amend, or maintain
licenses, permits, or surface rights; risks associated with technical difficulties in connection with 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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SOURCE
Golden Arrow Resources Corporation
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%SEDAR: 00042897E
For further information:
Corporate Communications, Tel: 1-604-687-1828, Toll-Free: 1-800-901-0058, Email:
CO: Golden Arrow Resources Corporation
CNW 07:00e 21-JUL-22