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Explorer Acquires Rosales Copper Project in Chile, Drops Indiana Project

Streetwisereports - Because Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) renegotiated their Indiana gold project in Chile not too long ago [with] very favorable terms, I was surprised to recently read about the company dropping the project—"The Company also wishes to report that it is not proceeding with its option of the Indiana Gold-Copper project in Chile."—when announcing in the same news release the acquisition of the Rosales Copper project, located in Chile as well, which is less advanced, and will be discussed later on.

The Indiana project seemed very appealing to me, with a significant but still historic near surface resource of 607,000 ounces at 6 g/t gold equivalent (AuEq), and lots of exploration potential. Management estimated potential for at least 1 million ounces (1 Moz) AuEq, and in this gold environment it would have been a solid flagship project in my view.

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