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:

"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 >

"Silver Standard stated that a final decision on the [Golden Arrow Resources Corp. JV] Chinchillas project will come around New Years, possibly shortly after (our personal guess Jan-Feb). A lot of technical work is being done with great results and both EIA and mining permits have been applied for." read more >

Gecko Research (10/9/16)
"We started buying this gem in the low 40s and today we have a double on our hands. . .if Silver Standard decides to take Golden Arrow out, we could easily see a $2 bid. If that doesn't happen something else will, and buying GRG at today's levels around 80c must be considered a fire-sale opportunity.

Presmont Group (10/5/16)
"Golden Arrow Resources Corporation's has a strategic partnership and business combination with Silver Standard for Chinchillas silver project . . .jurisdiction has improved since the last election in Argentina: After the Q4/15 Presidential election, the new government has been working on improving economic and mining policies. GRG has well developed connections both in local and federal level. . .great property with huge potential: Located in mining friendly Jujuy province of NW Argentina, the properties have good potential for new resources and are still relatively underexplored. . .GRG is the place to be for any investor and will become a prime takeover candidate."

Byron King, Gold Speculator (9/20/16)
"I suspect that we'll see a strong snapback in share price for Golden Arrow Resources Corp. . .I've seen several recent analyst reports that all reach a similar conclusion about a potential tie-up with Silver Standard, which owns a smelter near a major Golden Arrow asset. . .within the next few months, I expect to see some sort of news about a deal between these two companies. It'll happen when it happens, and I suggest you own some shares when that news breaks."

More Expert Comments

Experts Following This Company

Matt Geiger, General Partner – MJG Capital
Byron King, Editor – Agora Financial
Mark Lackey – Presmont Group
Thibaut Lepouttre, Editor Caesars Report
Gwen Preston, Founder Resource Maven

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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