Diamond Drilling Begins At Tierra Dorada Gold Project

VANCOUVER - Golden Arrow Resources Corporation reported that drilling has commenced for the previously announced 500-meter diamond drilling program at the Tierra Dorada gold project in Paraguay. The program will focus on the Alvaro target area, where multiple vein showings have returned high-grade gold from surface and trench sampling.  

With the current prospecting permit for the Tierra Dorado project, the Company can drill holes up to 20 meters in depth. This is sufficient for testing near-surface prospects to delineate targets for deep drilling in greater detail than is possible with trenching. Golden Arrow has selected the Paraguayan company MasterGold S.A. for drilling services, using a diamond drill that will recover HQ diameter core. The program will include a nominal 500 meters of drilling which is expected to test at least 8 of the known quartz vein Showings, including the hanging wall and footwall rocks which were difficult to sample with trenching.

The drill program is estimated to take approximately one month to complete, and may be expanded depending on results. Regional mapping, stream and rock sampling continues in both the north and south property blocks of the project.  An Induced Polarization (IP) survey is also planned to aid in delineating targets under cover (see News Release dated May 27, 2020). The survey will commence once the Chilean-based geophysical team is permitted entry to Paraguay, which is currently restricted due to COVID-19 regulations.