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Shares Up Over 2%

posted on Mar 03, 2016 10:38AM

Golden Arrow Resources Reports Latest Assay Results from Chinchillas Silver Project -

2016-03-03 03:20:00 PM ET (MT Newswires)

10:20 AM EST, 03/03/2016 (MT Newswires) -- Golden Arrow Resources Corporation (GRG.V) has released the assay results from an additional 19 drill holes in the Phase V drilling program at the Chinchillas Silver Project.

In addition to returning several high-grade intersections in the Silver Mantos area, the holes reported here include CGA-272W, which was drilled more than a kilometre south of the main deposit to install a water-monitoring well. Over its 62 metre length, this hole returned eight well-mineralized intervals which showed similarities in style to areas of high-grade veins and breccias at Silver Standard's Pirquitas mine. This includes a best intercept of 165 g/t silver, 2.0% lead and 3.6% zinc over three metres, highlighting the continued exploration potential of the Chinchillas South area of the project.

The Phase V drilling program is now complete and the remaining results will be announced as assays are received.

Shares were last up 2.2% at $0.230 apiece.

Price: 0.230, Change: +0.005, Percent Change: +2.22

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