TSX-V-listed Golden Arrow is expanding into Chile with the acquisition of the 3 450 ha advanced Atlantida copper/gold project.
Atlantida combines mineral rights from two separate owners and includes an extensively drilled copper/gold deposit with an historic resource estimate. By consolidating the land package, Golden Arrow believes there is potential to identify new mineralisation and define a significant copper/gold resource.
Previous exploration at Atlantida resulted in an historic resource estimate of 427-million tonnes averaging 0.43% copper equivalent.
Golden Arrow’s due diligence surface rock samples in this area returned up to 3.7 g/t gold and 1.98% copper, providing an excellent target for new mineral resources. In addition, based on the preliminary due diligence review, Golden Arrow believes the project is prospective for discovery of similar targets elsewhere within the consolidated Atlantida properties.
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