High-grade gold prospect report for Golden Arrow
Golden Arrow Resources Corporation reported that the ongoing exploration program at the Tierra Dorada gold project in Paraguay. Mapping and sampling at the Alvaro target area identified a new quartz vein prospect 250 metres northwest and parallel to a known prospect, and returned a chip sample with over 47 g/t gold.
"Our mapping and sampling of the known target led to the understanding that it was actually two significant parallel gold-bearing vein structures, " commented Brian McEwen, Golden Arrow's VP Exploration and Development, "Further work then identified a third vein that is more brecciated, also with high-grade gold, which represents an exciting extension to the showing. "
The 64,000-hectare Tierra Dorada gold project covers an area of Pre-Cambrian shield in southern Paraguay prospective for orogenic gold deposits. Golden Arrow commenced its work program at one of the four previously-identified target areas known as Alvaro.
Historic values and Golden Arrow samples averaged 59.2 g/t Au in one of the structures (based on 6 samples) and 34.6 g/t Au in the other (based on 2 samples). Additional field work in the area has identified a new, previously un-sampled, sub-outcrop area of aligned quartz vein boulders 150 metres in length.
A grab sample assayed 47.4 g/t Au. This new vein is parallel to the previous two and located 250 metres to the northwest, but is highly brecciated including clasts of host rock, possibly indicating a significant breccia zone in this area.
