Golden Arrow Resources Corp. announced initial results for the 6,500 metre Phase II drill program at its Chinchillas Silver Project in Jujuy, Argentina. Results for the first 7 drill holes at the Silver Mantos zone have greatly expanded the surface footprint of known silver-lead-zinc mineralization by a factor of 2.5 (from 9 to 23 hectares), as well as encountering new mineralization at depth.

Golden Arrow continues its aggressive exploration of the Chinchillas property. The Phase II drill program is ongoing, with additional infill and step-out drill holes pending from the Silver Mantos zone, as well as from the Socavon del Diablo zone located approximately 500 metres to the east.