GRG:TSX.V; GAC:FSE; GARWF:OTCQB

Golden Arrow Resources Corp.

Golden Arrow Resources (TSX-V: GRG) is a Vancouver-based exploration company creating value by making precious and base metal discoveries and advancing them into world-class deposits. The Company is currently focused on its Chinchillas Silver Project located in the mining-friendly Province of Jujuy, Argentina. Exploration has progressed rapidly since the acquisition of the project in late 2011 and the Project now hosts 100 million ounces of silver in Measured and Indicated resources and a further 44 million ounces of silver in Inferred resources. In October 2015 the Company announced an innovative transaction with Silver Standard Resources that will combine the Chinchillas project with the neighbouring Pirquitas silver mine in order to take advantage of production synergies and minimize capital investment. The Company is positioned to maximize shareholder value by fast-tracking Chinchillas to production and becoming a 25% owner of the combined Chinchillas-Pirquitas silver mining operation, while continuing to explore for its fourth major discovery.
GRG:TSX.V GAC:FSE GARWF:OTCQB

Expert Comments:

"Golden Arrow Resources Corp. was one of our top performers last year. The company benefitted from a revival in the silver price twinned with renewed optimism for the Argentinean mining industry. Thanks to near term catalysts at both Chinchillas and Antofalla, Golden Arrow looks poised to carry this outperformance into 2017. Golden Arrow's flagship asset is the Chinchillas project located in northern Argentina. Since acquiring the project in 2011, the company has successfully discovered 250 million silver-equivalent ounces. This makes Chinchillas one of the largest silver development stories in the world.

In October 2015, Golden Arrow (which at the time had a sub-CA$10M market cap) signed a JV deal with precious metals heavyweight Silver Standard. . .to form the joint venture, Silver Standard must pay Golden Arrow an amount equal to 25% of the Pirquitas Mine's cash equivalent earnings starting October 2015 (minus certain expenditures for exploration, capital investment and closure costs). The 25% exercise payment must be sent to Golden Arrow by March 31, 2017. Given the improvement in silver prices and Silver Standard's aggressive expenditures on predevelopment activities, I am nearly certain that this deal will go ahead this quarter.

In October 2016, Golden Arrow announced a CA$2M work program at Antofalla including "remote sensing, IP/Resistivity geophysics, and geochemical sampling to delineate targets that will be tested with an estimated 3000-meter drill program." I anticipate that first drill results from Antofalla will be announced in Q2 of this year. This prospect has a legitimate chance of becoming the Grosso Group's fourth major mineral discovery in Argentina and could generate significant value beyond Chinchillas.

There are very few silver plays with such significant milestones expected over the coming months. Additionally, the nature of the Chinchillas deposit (bulk tonnage and relatively low-grade) gives Golden Arrow shareholders substantial leverage to further increases in the silver price. The next couple of quarters will be transformational for Golden Arrow, and investors interested in the story should get involved while the share price is below CA$1." read more >

Christopher Ecclestone, Hallgarten & Co. (2/7/17)
"The Chinchillas deposit is shaping up to be the largest silver/zinc project likely to come to production in Argentina in the near future [and] the Golden Arrow Resources deal with Silver Standard lays the ground for a potential combination of the Pirquitas mine with Chinchillas, making a new silver major in Latin America. . .a Newco, to be managed by Silver Standard, [shall] be owned 75% by Silver Standard and 25% by a new entity to be owned by the existing shareholders of Golden Arrow. . .if the combination goes through then Golden Arrow will become THE silver major in Argentina."

Byron King, Gold Speculator (1/31/17)
"Golden Arrow Resources Corp. shares traded up last week. . .there’s no operational news, but we’re beginning to see more share buying, as we approach a deadline for Silver Standard to make a decision that will affect Golden Arrow’s fate in Argentina. . .according to company management, Golden Arrow continues to develop its Chinchillas project, in northern Argentina, “as investors await Silver Standard Resources' business combination decision, which is due by March.” Golden Arrow offers significant upside in a rising environment for gold-silver. . .maintain buy on GARWF, up to $0.85 per share."

Development progresses at Golden Arrow's Chinchillas project as investors await Silver Standard Resources' business combination decision, which is due by March.
read more >
Byron King, Gold Speculator (1/10/17)
"Golden Arrow Resources Corp. shares traded up strongly last week, reflecting positive silver sentiment. . .we're now on the countdown to March, by which time Silver Standard will have to announce a decision on its smelter in northern Argentina; If the smelter is to remain open, Silver Standard will need ore, and that ore will most likely come from a nearby site owned by Golden Arrow. . .Golden Arrow offers significant upside in a rising environment for gold and silver."

Byron King, Gold Speculator (12/20/16)
"When precious metal prices begin to turn around and head back upward, Golden Arrow Resources Corp. offers significant upside in a rising environment for gold-silver. Maintain current Buy on GARWF, up to $0.85."

"We love the Golden Arrow story and we are just a few months away from finding out what the deal on Chinchillas will look like." read more >

More Expert Comments

Experts Following This Company

Christopher Ecclestone, Equities Strategist – Hallgarten & Co., MEDITERRANEAN RESOURCES LTD., Geodex Minerals Ltd.
Matt Geiger, General Partner – MJG Capital
Byron King, Editor – Agora Financial
Mark Lackey – Presmont Group
Thibaut Lepouttre, Editor Caesars Report

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
One of the worlds largest new silver discoveries
 
Agreement in place with Silver Standard (TSX:SSO)
 
Chinchillas Fast-Tracked to Production