This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Golden Arrow options Purulla project 2009-11-06 09:17 ET - News Release Mr. Joseph Grosso reports GOLDEN ARROW OPTIONS PURULLA PORPHYRY CU-MO PROJECT AND RECEIVES ROYALTY PAYMENT FROM GUALCAMAYO Golden Arrow Resources Corp. has entered into an option agreement with a private Argentinean claim owner to earn an undivided 100-per-cent interest in the Purulla porphyry copper-molybdenum (Cu-Mo) project in Catamarca province, Argentina. The Purulla project includes two licences totalling 5,000 hectares. Terms are summarized below.
The company believes that a significant untested porphyry Cu-Mo target has been identified at Purulla. The project covers a 1,000-metre by 300-metre zone of leached quartz-iron oxide stockwork with intense argillic alteration and anomalous Mo-Cu within a broader zone of alteration. This alteration zonation, along with IP chargeability anomalies identified at depth, are consistent with the presence of a porphyry Cu-Mo system with potential for a significant supergene-enriched Cu zone at depth. The property is drill-ready with permits and targets for a 2010 drill program.
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