
![]()
![]()
![]()
![]()
You are viewing the Australian News Edition
Choose the news you want to read
View the site in World Edition, UK News Edition
Canadian News Edition or Australian News Edition
Golden Arrow Resources Corporation (GRG-TSX.V) is in a strong position for growth with just over 15 million shares issued, a treasury with over CDN 6.0 million in cash, no debt and a 1% net smelter royalty ("NSR") on Yamana Gold Inc.'s exciting Gualcamayo Gold Project that is currently at the feasibility stage
Golden Arrow is in a very strong and unique position for a junior exploration company, for a variety of reasons.With our deep history in Argentina and Peru, and association with the Grosso Group, we are able to have access to the best land locations, and have the opportunity to explore and then stake those properties ourselves. Currently we have 40 properties covering over 200,000 hectares in total, and 10 of those properties we have taken to the drill ready category.
Golden Arrow has a proven technical team capable of developing projects from early stage exploration to the feasibility stage. Our technical team discovered the Gualcamayo property, which Yamana Gold will be putting into production sometime in late 2008.
In addition, Golden Arrow retains a 1%NSR on the Gualcamayo property, that is not capped and is projected to generate over one million dollars a year in cash flow, covering the company’s annual overhead. With our current cash position of over $6.0M, and a share structure that has only 15.2 million issued and outstanding, with just under 21 million shares on a fully diluted basis, Golden Arrow offers shareholders several advantages to grow their investment in the company.
Argentina and Peru
| Mr. Joseph Grosso - President, CEO and Director |
| Dr. David Terry, P.Geo. - Vice President Exploration and Director |
| Mr. Arthur (Art) Lang, B.Comm., C.A. - Position: CFO & Director |
| Mr. David J. Horton, B.Comm., MBA. - Director |
| Mr. Sean D. Hurd - Director & VP Corporate Communications |
| Mr. Nikolaos Cacos, M.I.M. - Director |
| Mr. Manfred Kurschner - Director |
| Dr. John B. Gammon - Director |
| Ms. Linda McClusky - Secretary |
Company AddressSuite 709
|
CapitalMonday January 14, 2008
|
Year EndDecember 31st |
| Sprott Asset Management |
| Europacific Capital |
| Canaccord Capital |