TSX Undertaking Trade (TSX-V): GRG
Frankfurt Retain Trade (FSE): G6A
OTCQB Undertaking Marketplace (OTCQB): GARWF

VANCOUVER, BC, Dec. 10, 2024 /PRNewswire/ – Blonde Arrow Assets Company (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), (“Golden Arrow” or the “Company“) is happy to document the consequences from an backup 4 drill holes together with any other infill hollow on the Rincones goal with over 100 metres of vital copper, gold, cobalt and iron mineralization: 

• 102.6 m averaging 0.22% Cu, 0.04 g/t Au, 100 g/t Co and 16.2% Fe origination at 67.4m intensity in SP-DDH-31, together with
  • 24.3 m averaging 0.48% Cu, 0.07 g/t Au, 214 g/t Co and 31% Fe

Brian McEwen, VP Exploration and Construction for Blonde Arrow, commented, “Our Phase 2 Drill Program has gone extremely well.  We were initially focused on infill drilling Rincones to support estimating resources but we discovered that the mineralization footprint is much larger in extent than expected and there are often much longer significant intervals downhole than expected, and we still have results from six holes to look forward to. On top of that, indications are that Rincones has the potential to grow even larger with the subsequent drill programs. All of that makes us very excited for our first resource estimate and NI 43-101 technical report that are underway and will be completed early next year.”

Mr. McEwen persevered, “In addition to the drill program the team has been busy with surface exploration work and has identified new prospects within our 20,000 hectares of concessions. Data is being processed and we expect to be able to announce exciting new drill targets next year that could be tested in the Phase 3 drill program, once we are issued the new permit to expand our drill platforms.  We are very pleased to be ending the year on such a positive note and look forward to continued success in 2025.”

The holes reported herein are a part of the Section 2 diamond drilling marketing campaign on the San Pietro Iron Oxide-Copper-Gold-Cobalt (“IOCG“) Undertaking in Chile (“San Pietro” or the “Project“) introduced on April 24, 2024.  The drilling is now whole, with twenty-seven holes drilled totaling roughly 9100m.  Assays from the general six holes are pending and anticipated early within the brandnew era. 

The Corporate has preoccupied distant specialists and Certified Individuals to finish its first Mineral Useful resource Estimate and the supporting NI 43-101 Technical Record for the Undertaking. Useful resource modelling and supporting paintings is underway with of completion centered early in 2025, pending the general assays from Section 2.

Desk 1. Abstract of Durations, Section 2 Drilling
[Cu Grade >0.20% or Co Grade >200 g/t or Au Grade >0.2 g/t or Fe Grade >30%]

San Pietro Section 2 Drill Program Main points

The San Pietro Undertaking hosts a couple of objectives with sturdy Iron oxide-Copper-Gold and Cobalt mineralization (see Figure 1).This mineralization is most often discovered inside a cluster of good to porphyritic andesites that showcase frequent potassic feldspar alteration. The mineralization is steadily related to subjects the place a superimposed quartz-scapolite alteration is extra intense and there’s a construction of brecciation and large alternative of magnetite.

In 2023, the Corporate finished a Section 1 drill program of roughly 4000 metres of diamond drilling in 13 holes so as to add to the database of ~34,000 metres of historical drilling at San Pietro. Strongly mineralized durations had been intercepted in any respect objectives examined as reported in corporate information releases on June 13, June 27 and July 12, 2023.

The Corporate centered this Section 2 drill program basically at the Rincones complicated exploration goal with the function of finishing an preliminary Mineral Useful resource Estimate. As well as, 2 holes (SP-DDH-25 and SP-DDH-34) with a complete of 607 metres had been drilled on the within reach Colla goal.

SP-DDH-31 

This hollow was once collared within the NE a part of the Rincones goal, 50 metres alongside division from SP-DDH-18 and drilled in the other way, to the SSW (see Figure 2). Hollow SP-DDH-31 showed the presence of a sub-horizonal magnetite manto frame from 146 to 188 metres deep this is an offset of the mantos reported in SP-DDH-18 which returned a couple of mineralized durations together with 39.8 m averaging 0.27% Cu, 0.06 g/t Au, 144 g/t Co and 30.8% Fe (see information let fall dated August 8, 2024).   Mineralization within the magnetite mantos of SP-DDH-31 comprises scapolite-actinolite alteration with disseminated pyrite crosscut via a sequence of magnetite-quartz-moly-pyrite veinlets plus specularite with chalcopyrite, following the overall fashion of the objective. The magnetite mantos are very prime in iron and returned a very best intermission of 11.15 m with 0.64% Cu, 0.10 g/t Au, 44.1% Fe and 383 g/t Co. As in many of the holes within the NE of Rincones, this intermission is anomalous in molybdenum with 99 g/t Mo. This prime iron intermission is inside an intermission of 24.3 m with assays that reasonable 0.48% Cu, 0.07 g/t Au, 214 g/t Co, 31% Fe and 58 g/t Mo (see Desk 1).  

SP-DDH-32

At the north-western fringe of the Rincones goal hollow SP-DDH-32 was once collared 80 metres NW of historical hollow RA11DH-008 to check the western perpetuity of a device of E-W trending specularite breccias. Within the first 95 metres, hollow SP-DDH-32 intercepted a sequence of specularite-calcite veinlets and breccias within the oxide zone with the most productive intercept of 12.2 m averaging 0.31% Cu origination at 6 m deep.

SP-DDH-33

Hollow SP-DDH-33 centered the SE extension of the mineralization on the Rincones goal. From 302 to 329 metres it intercepted a sequence of veinlets and crackle breccias with calcite-specularite-chalcopyrite-pyrite, with the most productive intercepts proven in Desk 1. From 378.73 to 381.38 m a specularite breccia with patches of chalcopyrite-pyrite averaged 2.61% Cu and nil.14 g/t Au over 2.65 m.  

SP-DDH-34

The Colla goal is roughly two kilometres southwest of Rincones and age grades of copper and gold will also be important, it’s basically regarded as a shallow, prime cobalt and iron anticipation, either one of which will upload important price to IOCG deposits.  Collared 210 metres NW of SP-DDH-02, SP-DDH-34 was once designed to check sub-outcropping large magnetite alternative our bodies.   From floor to 170 metres intensity, a sequence of magnetite mantos with disseminated pyrite had been intercepted. Iron values had been very prime, with a very best intermission of 13.82 metres grading 55.6% Fe, as proven in Desk 1. Beneath those magnetite mantos a number of crackle breccias with chalcopyrite and pyrite comprise increased cobalt mineralization, together with 8.6 metres averaging 0.17% Cu and 454 g/t Co (Desk 1).

Desk 2. Drill Hollow Collar Knowledge
[PSAD 56 / UTM Zone 19 S]

Method & QA/QC

This drilling marketing campaign was once finished via Sociedad de Servicios Andinos SpA of Copiapó, Chile, the use of diamond drill generating HQ-sized core. The Blonde Arrow farmland workforce, supervised via senior geologists, photographed and logged all of the dimension of core for every drillhole, in addition to deliberate it for fix and marked it for sampling. Items of complete core roughly 10 to fifteen cm lengthy had been decided on and deliberate for particular gravity on reasonable each and every 20 metres and focused on all other lithologies. Due to this fact, the core was once snip in part with an electrical noticed. One part was once labelled, bagged and despatched for research and the alternative part retained onsite. Upcoming finishing the sampling of every hollow, the samples had been shipped to ALS Laboratory in Copiapó, Chile via a pledge truck provider. Pattern preparation and gold research via Fireplace Assay and studying via atomic absorption on 30 gm pattern via mode Au-AA23 was once finished on the ALS facility in Santiago de Chile. Multi-element bundle via ICP-OES studying following a four-acid digestion via mode ME-ICP61 was once carried out at ALS amenities in Lima, Peru. Samples with over limits in copper (+ 10,000 ppm) had been re-assayed via ore grade mode Cu-OG62 that comes with 4 acid digestion and ICP-OES studying. The Corporate follows trade same old procedures for the paintings performed at the San Pietro Undertaking, with a trait promise/trait keep an eye on (QA/QC) program. Uninhabited and same old samples had been inserted in every lot of samples despatched to the laboratory for research. Blonde Arrow detected negative important QA/QC problems throughout evaluate of the knowledge. The trajectory of all of the holes drilled at San Pietro throughout this Section 2 had been deliberate the use of the gyroscope apparatus “Champ Navigator” that assures negative interference from the magnetite within the grassland. Moreover, all of the core was once oriented the use of the “Champ Ori” core orientator to measure the azimuth and dip of constructions.   

In regards to the San Pietro IOCG Undertaking

The San Pietro Undertaking covers roughly 20,000 hectares, 100 kilometres north of Copiapó. Located between and adjoining to Capstone Copper’s Manto Verde Mine constituent and Santo Domingo Undertaking, San Pietro is within the centre of a possible brandnew copper-iron-cobalt district inside an lively, well-developed mining pocket this is house to all of the main iron oxide-copper-gold (“IOCG“) deposits in Chile.  

The Undertaking is hosted via andesite gadgets in a Cretaceous-aged volcano-sedimentary order related to intrusive rocks together with granodiorites and diorites of related moment. The Undertaking is positioned east of the Atacama Fault device, a significant north-south regional construction, which was once instrumental in controlling the emplacement of the ore deposits within the department.

Mineralization at San Pietro is conventional of an IOCG device, with the addition of cobalt, and happens in mantos, breccias and veins inside a zone of alteration characterised via an affiliation of actinolite, epidote, chlorite and scapolite. The mantos are alternative of andesite via magnetite and sulphides, with a more or less southeast accident and a affectionate dip to the SW. Breccias and veins crosscut the mantos, are steadily subvertical, and stuffed with specularite and sulphides.

Certified Individuals

The exploration methods are designed via the Corporate’s geological personnel and effects are reviewed, verified (together with sampling, analytical and check knowledge) and compiled below the supervision of Brian McEwen, P.Geol., VP Exploration and Construction to the Corporate. Mr. McEwen is a Certified Particular person as outlined in Nationwide Tool 43-101 and has reviewed and licensed the contents of the scoop let fall.

About Blonde Arrow:

Blonde Arrow Assets Company is a mining exploration corporate with a a hit monitor report of making price via making treasured and bottom steel discoveries and advancing them into remarkable deposits.

Blonde Arrow is actively exploring its flagship constituent, the complicated San Pietro iron oxide-copper-gold-cobalt challenge in Chile, and a portfolio that comes with just about 125,000 hectares of potential houses in Argentina.

The Corporate is a member of the Grosso Workforce, a useful resource control team that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

              “Joseph Grosso”

_______________________________
Mr. Joseph Grosso,
Government Chairman, President and CEO

Neither the TSXV nor its Law Services and products Supplier (as that time period is outlined in insurance policies of the TSXV) accepts accountability for the adequacy or accuracy of this let fall.

This information let fall accommodates forward-looking statements.  Most often, forward-looking statements will also be recognized via the significance of terminology comparable to “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and related expressions. Ahead-looking statements cope with life occasions and statuses and due to this fact contain inherent dangers and uncertainties. All statements, alternative than statements of ancient reality, that cope with actions, occasions or tendencies control of the Corporate believes, expects or anticipates will or would possibly happen going forward, together with, with out limitation, statements concerning the Corporate’s plans for its mineral houses; the Corporate’s trade technique, plans and outlooks; the life monetary or working efficiency of the Corporate; and life exploration and working plans are forward-looking statements.

Ahead-looking statements are matter to quite a lot of dangers and uncertainties that can purpose the unedited result of the Corporate to vary materially from the ones mentioned within the forward-looking statements and, despite the fact that such unedited effects are learned or considerably learned, there will also be negative promise that they are going to have the predicted repercussions to, or results on, the Corporate. Accordingly, readers will have to no longer park undue reliance at the forward-looking statements. Components that would purpose unedited effects or occasions to vary materially from wave expectancies come with, amongst alternative issues: dangers and uncertainties alike to the power to acquire, amend, or guard licenses, allows, or floor rights; dangers related to technical difficulties in reference to exploration actions; the chance that life exploration. There could also be alternative components that purpose effects or occasions not to be as expected. Unedited effects would possibly vary materially from the ones lately expected in such statements. Readers are inspired to the following the Corporate’s Control’s Dialogue and Research for a extra vivid dialogue of things that can have an effect on anticipated life effects. The forward-looking statements contained on this press let fall are made as of the month hereof or the dates in particular referenced on this press let fall, the place appropriate. The Corporate undertakes negative legal responsibility to publicly replace or revise any forward-looking statements, until required pursuant to appropriate rules. All forward-looking statements contained on this press let fall are expressly certified via this cautionary observation.

We propose U.S. traders that the SEC’s mining tips strictly cancel data of this sort in paperwork filed with the SEC. U.S. traders are cautioned that mineral deposits on adjoining houses don’t seem to be indicative of mineral deposits on our houses.

SOURCE Blonde Arrow Assets Company

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Virtual Media
Shops

270k+
Reporters
Opted In