Golden Arrow Resources

Golden Arrow Resources: Rock Solid Leveraged Play On Silver

San Miguel open pit; Pirquitas Mine

1. Introduction   

Although silver does not get much love lately, there are silver plays around that could move significantly as soon as the price of the metal recovers in more positive precious metals sentiment. One of these plays is Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE). Despite the name, this junior doesn't own one NI43-101 compliant ounce of gold in the ground yet. Their flagship project is called Chinchillas, located in the Jujuy province in Argentina, and is a large, open pit silver/lead/zinc project. At the moment it is on the brink of production, as part of the Puna Operation, a joint venture (JV) with much larger gold/silver producer SSR Mining (SSRM.TO, market cap of C$1.6B, formerly known as Silver Standard).

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