Golden Arrow's prospect generator activities are focused on identifying, acquiring and advancing precious and base metal projects with the potential for world class discovery. Golden Arrow seeks to leverage the Company's exploration exposure by attracting partners to fund work on its high quality mineral projects, such as Pescado. For details on joint venture opportunities, please contact our Project Marketing Coordinator
Proximal to a major producing mine, with potential for a multi-million ounce gold deposit
The Pescado property has the potential for a structurally-controlled and disseminated gold deposit similar to Yamana's Gualcamayo gold mine just 10 kilometres south, which has over 2 million ounces in gold reserves and produced nearly 150,000 ounces of gold in 2012.1
Outcropping high-grade gold mineralization
Initial field sampling included rock chips with up to 17g/t gold.
Drill-ready, with well-defined targets
Two magnetic targets have been defined where plutonic rocks have intruded the sedimentary sequence. These targets have co-incident gold anomalies. Drill targets have been established and all drill permits have been acquired.
Project Geology and Exploration Summary
The Pescado gold project is located 10 kilometres south of Yamana's Gualcamayo gold mine in eastern San Juan Province, Argentina. Golden Arrow has an exclusive right to the project area of approximately 22,000 hectares. The property lies in the PreCordillera region with elevations ranging from 1500m to 2500m above sea level.
Gold mineralization at the Pescado project is hosted by structural zones within Paleozoic sediments in close proximity to tertiary intrusive bodies.
Detailed airborne magnetic surveys have identified two large intrusive bodies at the intersections of major regional faults within the project boundaries (Pescado and Yanso targets).
Strong gold geochemical anomalies (up to 17 g/t Au) co-incident with the magnetic anomalies are consistent with the potential for discovery of a major sediment hosted gold deposit, or gold porphyry.
At Pescado dispersed gold mineralization occurs within 5km x 3km area. Pescado is localized at the intersection of two major structural zones and is co- incident with a large di-polar magnetic anomaly, indicating an intrusive center.
The intrusive does not outcrop, but wide zones (up to 500m) of clay-pyrite alteration are observed cut by narrow faults and shears (1-2m wide) where grades ranging up to 17 g/t Au.
Large gold soil (2.8km by 1.1km) and silt (4.8km long) anomalies are co-incident with the predicted intrusive center.
At Yanso target a 300m x 30m zone of alteration is exposed in the bend of a major drainage at the intersection of two structural trends. Strong silica-clay-pyrite alteration of sandstones is exposed at the contact with diorite intrusive. Strike extensions of the mineralized zone are buried by alluvial cover.
1Reserves and production statistics are from www.yamana.com and are believed to be reliable.