Northwire Canada EditionTuesday, August 4, 2026
Northwire
FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0%
Drill Results

Golden Arrow Reports Exciting New Gold Results from the Noemi Target at the San Pietro Project, Chile

GRG · Price

Executive Summary

  • Golden Arrow’s summer exploration program at the newly defined Noemi target returned multiple high‑grade gold intercepts, including a 0.30 m sample assaying 5.67 g/t Au and several chip‑channel intervals averaging ~1.8 g/t Au over lengths of 8–10 m.
  • 24 of 50 new surface samples exceeded 1 g/t Au, with the weighted average for 39 breccia‑corridor samples at 1.52 g/t Au; copper anomalies (>0.1 % Cu) were also identified in 14 samples.
  • The mineralized corridor extends >1 km strike, 25–40 m wide at surface, and remains open in all directions, prompting mobilization of an excavator for trenching and further detailed mapping to define drill targets.

Key Details

  • Sampling Highlights
  • 10.0 m averaging 1.88 g/t Au (chip channel)
  • 8.0 m averaging 1.66 g/t Au (chip channel)
  • 10.5 m averaging 1.82 g/t Au (includes 3 of 4 host‑rock samples)
  • High‑grade sample: 5.67 g/t Au over 0.30 m in a sub‑parallel structure west of the main zone

  • Sample Statistics

  • 24/50 new samples > 1 g/t Au
  • Weighted average for 39 breccia‑corridor samples: 1.52 g/t Au
  • Copper (>0.1 % Cu) in 14 samples; notable copper assay: 4.19 % Cu over 3.0 m (from prior May 2025 release)

  • Geological Context

  • Target lies within a scapolite‑actinolite‑magnetite alteration zone associated with IOCG‑style Cu mineralization and earlier tourmaline alteration.
  • Main structural zone mapped >1 km strike, average surface width 25 m (max 40 m).

  • Operational Plans

  • Excavator mobilized for trenching to extend mapping, test extensions under cover, and support upcoming drill‑target definition.
  • Continued evaluation of additional north‑south structures and historic workings within the western San Pietro area.

  • QA/QC

  • Samples analyzed by ALS Laboratories (Chile/Peru) using fire assay, atomic absorption, ICP‑OES; QA/QC blanks and standards inserted with no material issues detected.

  • Qualified Person

  • Brian McEwen, P.Geol., VP Exploration & Development – NI 43‑101 Qualified Person – reviewed and approved the release.

Notable Quotes

“Our initial impressions of Noemi were that it looked interesting for its potential to add resources similar to Rincones and Colla… we are very excited with the results to date, and we are going to continue exploration to delineate drill targets as a priority for our next exploration drilling campaign.” – Brian McEwen, VP Exploration & Development


Materiality Assessment: Non‑Material – Positive (exploratory results are encouraging but do not yet constitute a material change to the company’s resource base).

Read the original news release →

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