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An announcement from Golden Arrow Resources ( (TSE:GRG) ) is now available.
Golden Arrow Resources has amended its option agreement with Mogotes Metals for the Mogote Copper-Gold Project in Argentina, allowing Mogotes to acquire a 100% interest in exchange for cash, equity, and a 1.5% net smelter returns royalty. This agreement enables Golden Arrow to further monetize its assets and invest in active projects in Argentina and Chile. Additionally, Hanaq Argentina has commenced drilling at the Caballos Copper-Gold Project, marking the first exploration activity at this site, which highlights a supportive shift from local authorities for exploration efforts in the region. These developments align with Golden Arrow’s strategy of monetizing non-core assets and leveraging joint ventures to enhance exploration and development activities.
More about Golden Arrow Resources
Golden Arrow Resources Corporation is a mining exploration company known for discovering and advancing precious and base metal deposits. The company is actively exploring its flagship San Pietro copper-gold-iron-cobalt project in Chile, along with a sizable portfolio of prospective properties in Argentina. It is a member of the Grosso Group, which has been a pioneer in Argentine exploration since 1993.
YTD Price Performance: 21.21%
Average Trading Volume: 64,800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.71M
For detailed information about GRG stock, go to TipRanks’ Stock Analysis page.
