May 17, 2017 09:00 ET

Golden Arrow Inks 'Fairytale' Deal with Future 'Lottery Tickets' --

REDONDO BEACH, CA--(Marketwired - May 17, 2017) -, a leading financial news and information portal offering free real time public filing alerts, announces publication of an article covering Golden Arrow Resources Corp. (TSX VENTURE: GRG)(OTCQB: GARWF). Golden Arrow was recently featured in The Northern Miner magazine -- a 100-year-old paid publication covering the mining and exploration industries -- following its joint venture deal with Silver Standard Resources. The mention could bring significant attention to the company as it continues to pursue future projects.

A Fairytale-esque Deal
"It's a Cinderella story," said Golden Arrow CEO Joseph Grosso to the Northern Miner. "And we are just entering the ballroom."

Under the terms of the deal, the company will receive a 25% stake in Silver Standard's Pirquitas mine, take home US$15 million, and fast track the production of its flagship Chinchillas project in a joint venture deal. The Pirquitas mine is expected to have US$45 million to US$60 million in remaining production, while the company will still receive 25% of Chinchillas' annual production. The investment also included a US$2 million option payment to the company. Closing of this deal is expected to occur on or before May 31, 2017.

The deal was struck because the Pirquitas mine was running out of ore while the Chinchillas mine needed a partner -- making it a win-win scenario. "The deal is fantastic for Golden Arrow and it should be just as fantastic for Silver Standard," added Grosso, who said that Pirquitas can expand its mine life and preserve the value of its infrastructure, as well as the Silver Standard's skilled operations team on the ground at the mine.

More Lottery Tickets
Golden Arrow will now focus its efforts on several other properties that have tremendous potential. "I call Chinchillas a lottery ticket that won," says Grosso. "But now we have several expensive [partial] lottery tickets that we have developed in the last 24 years."

The most promising of its remaining assets is the Antofalla project, which the company has budgeted US$2 million for exploration. The team aims to drill the 87 square kilometer project that has 'geological similarities' to Chinchillas during the second half of the year. On May 2, the company identified several new high potential targets and promising test results with good mineralization and the potential for new mineralization outside the known zones.

Golden Arrow's management team -- the Grosso Group -- has decades of experience in the mining industry and strong relationships with key officials in Argentina. These attributes provide a high likelihood of success when it comes to executing on these 'lottery ticket' projects as it has done in the Chinchillas project, Gualcamayo gold project, and the Navidad project that have all been partnered out with majors.

Please follow the link to read the full article:

Founded in 2004, provides free real time filing alerts to over 600,000 registered members and offers services to help public companies grow their audience of interested investors.

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit:

Contact Information