Monday 24th July 2017

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Golden Arrow options Argentina projects for $10.1M

GRG:CA has optioned its Mogote copper-gold-silver porphyry/epithermal project in San Juan Province, Chile, and its Purulla copper-moly porphyry project in Catamarca Province, Argentina, to Vale Exploracion Argentina, S.A. “This is a very good deal for both parties as it will accelerate the advancement of two of Golden Arrow’s highly rated projects,” commented President and CEO Joseph Grosso.

Vale can earn an initial 70% interest in the projects by completing $6.8 million in exploration expenditures, paying $2.3 million to Golden Arrow over three years and $1.025 million in vendor payments.
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Joseph Grosso,

or 604.687.1828

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