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.

Expert Comments:

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.
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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 >

"Golden Arrow Resources Corp. is a buy below CA$1. As a quick refresher, Golden Arrow signed a JV deal with precious metals heavyweight Silver Standard Resources in October 2015. Silver Standard's rationale for doing the deal was simple—its Pirquitas Mill runs out of feed in 2017 and it saw an opportunity to use Chinchillas, located only 30km from the mill, as a satellite pit to extend Pirquitas' production life by multiple decades. The agreement stipulated that Silver Standard would "spend a minimum of $4 million for pre-development activities. Expenditures may total up to $12.6 million based on the success of the pre-development activities" and that a decision needs to be made by March 31, 2017. Silver Standard confirmed last week on its Q3 conference call that all technical work will be completed at Chinchillas by the March 3 deadline. Additionally the company has spent $10.5M at Chinchillas, including $3M in Q3/16 alone. This implies that the $12.6M in expenditures mentioned above will be reached before Christmas. Given the above points and the drastic improvement in precious metal prices since this deal was signed in October 2015, I am nearly certain that this deal will go ahead. I think Golden Arrow shareholders will be rewarded with a generous offer in short order. Between now and Christmas is a good time to accumulate Golden Arrow shares on the open market, though I would wait until November 29 when the share lock up from Golden Arrow's most recent placement ends." 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