Argentina

Golden Arrow Resources Acquires Rosales Copper Project In Chile, Drops Indiana Project

As Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) renegotiated their Indiana gold project in Chile not too long ago into 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.

Golden Arrow Resources Buying Back 10% Of Outstanding Shares; Exploration Temporarily Halted By Pandemic

 

The Corona virus pandemic together with the Saudi Arabia-Russia oil production increase took its toll on the equity markets the last few weeks. The commodity markets in particular got hit too, as main end user China got hit by a halt in manufacturing plants across the economy. Precious metals like gold rose initially, but after the virus spread globally it got sold off ruthlessly like any other asset class. Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) as a gold explorer didn’t come out completely unharmed either, as the following chart shows:

Share price Golden Arrow Resources 1 year time frame; Source: Tmxmoney.com

A Critical Interview With Nikolaos Cacos, President & CEO of Blue Sky Uranium

Ivana deposit; Rio Negro province, Argentina

After raising C$0.87M in October of last year, Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) has been busy defining drill targets on their fully owned Amarillo Grande Uranium Vanadium project in Rio Negro, Argentina. An 8 kilometre long IP survey has been completed, which identified a 5 km long anomaly 20 km north of the Ivana deposit. The next step will be a reverse circulation (RC) drill program to hit the typical near surface mineralization. Management is looking to increase the resource towards a district scaled size, being redox type which regularly relates to very large deposits, and which in turn will likely improve 2019 PEA economics further. Speaking of which, as a reminder at a relatively (industry wide) low base case uranium oxide (O3O8) price of US$50/lb U3O8, the after-tax NPV8 of Ivana is US$135.2M and the IRR is 29.3%.

Golden Arrow Resources Renegotiates Indiana Project Deal; Ready For Drilling And A Potential New Precious Metals Bull Market

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) recently came out with some pretty interesting news on their Indiana gold project in Chile. They managed to amend the definitive agreement with the property owner Mineria Activa, a Chilean private equity investment management firm focused on exploration to production-stage assets in mining. Golden Arrow now has the right to earn 100% of Indiana over a 74-month period, expiring in December 2024, and the total cost of US$15.1M has not changed.

A Critical Interview With Joe Grosso, President & CEO Of Golden Arrow Resources

 

1. Introduction

At a time when tax loss selling is at its peak, Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) seems to have bottomed, and is regrouping after the sale of its interest in the Puna operation. New exploration projects have been acquired and exploration is on its way, and with a new focus on gold this time combined with a robust gold price, and by owning a large amount of SSR Mining shares, the company seems ready to generate interesting news starting in Q1 2020. Who else than President and CEO Joe Grosso to ask about proceedings and plans at Golden Arrow Resources, as I will do in the upcoming interview below.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Blue Sky Uranium Raises C$0.87M And Continues Exploration Of Ivana Deposit; Newly Elected Argentinian President Fernandez Perceived As Positive For Mining

Ivana deposit; Rio Negro province, Argentina

1. Introduction

It has been a quiet year so far for Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF), as the uranium oxide spot prices dropped off again after a run-up in H2 2018, rising almost 50%, only to pull back another 20% or so from these heights as can be seen at this chart, which can be found on the website of Cameco:

Golden Arrow Resources Completes Selling Of 25% Interest In Puna Operations To SSR Mining; Exciting Exploration Up Next

Puna Operation; Chinchillas Mine

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) recently ended the 7 year long Chinchillas adventure, by closing the deal involving selling its 25% interest in Puna Operations to SSR Mining (TSX: SSRM; NASDAQ: SSRM) on September 19, 2019. Despite a rising silver price since the announcement of the sale on July 22, 2019, and consequently growing unease among shareholders of Golden Arrow about the appropriate value of the Puna asset, no less than 94.62% of represented voting interest voted in favour of the transaction.

All presented tables are my own material, unless stated otherwise.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Golden Arrow Resources Sells 25% Interest In Puna Operations To SSR Mining For $44.4M

Puna Operation; Chinchillas Mine

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) surprised the markets with their sale of its 25% interest in Puna Operations to majority JV parter SSR Mining, right at a time where precious metals seemed to have left a bear market behind them. The Puna Operation just ramped up to full production a quarter ago, and it seemed only a matter of time for high opex to come down, as a new mine always has to finetune things. When costs would have been normalized, Puna could finally start to bring in cash for Golden Arrow, to finance their exploration efforts. It never got that far unfortunately.

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