Golden Arrow Resources (OTCBB: GARWF)
Maintain Buy up to: $0.85 US/ $1.11 CAN
Position sizing: 3%
Golden Arrow Resources (OTCBB: GARWF)9GRG.v)
Maintain Buy up to: $0.85 US/ $1.11 CAN
Position sizing: 3%
Golden Arrow traded slightly down in the past couple of weeks. Shares are about even but slightly down over the past year.
Golden Arrow recently highlighted its exploration-stage Antofalla silver-gold-base metal property in Catamarca province, Argentina. Here’s a photo that shows the ruggedness of terrain, coupled with how dry the area is.
Golden Arrow, Antofalla silver exploration site, Argentina.
This is exactly what many of these far, faraway places look like. Dry. Hot. Dusty. Rocky. Precipitous. Volcanic. An image like this goes to show the lengths and efforts people have to make to come up with doable exploration projects anymore. No, this exploration thing is not easy!
According to Golden Arrow staff, the Antofalla property has strong geologic similarities to the company's flagship Chinchillas silver project, now joint-ventured with Silver Standard. Golden Arrow believes the best plan for delineating new resources is to follow the Chinchillas model.
Golden Arrow offers significant upside in a rising environment for gold-silver. Maintain buy on GARWF up to $0.85 US or $1.11 Can per share.
Golden Arrow Resources Corporation is an 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 owns a 25% share of Puna Operations Inc, a joint venture company operated by SSR Mining, an experienced precious metals miner. Puna Operations is producing silver concentrate from the Pirquitas operation and developing the nearby Chinchillas silver project, which has more than 8 years of forecast production and upside potential.
Shawn Perger,
Communications Strategist
O. 604.687.1828
M. 778.686.0135
TF. 1.800.901.0058
SOURCE Golden Arrow Resources Corporation
