Joe Grosso from Golden Arrow Resources with a Message to Shareholders
Golden Arrow has been historically an exploration company in Argentina for 23 and we have discovered three world class discoveries. Gualcamayo which is now managed Yamana, and well, Navidad which is owned and will be put in production by Ross Beaty, Pan American Silver. And, Chinchillas, the last and we are going to keep that one.
Chinchillas is currently one of the largest silver discovery of 2014, which is categorized by the PEA which is Preliminary Evaluation Assessment in which have been published. – we are in an area where infrastructure and production experience are balanced with the seven companies which are in production and nearby.
It’s a location in Northern Argentina in the province of Jujuy. It’s in proximity of Bolivia, where there is silver-lead-zinc trend which was discovered 500 years ago. On this location, we have seven mining in production which are silver, lead, zinc, much like our discovery in Argentina, in proximity to Bolivia. We see a great opportunity in our location.
Silver Standard, of course, is nearby within 30 kilometers of Chinchillas and it is a company with in excess of $0.5 billion market cap and we are very happy to say that their private placement confirms our belief in the quality and the future of Chinchillas.
Silver is a precious metal as we all know. It’s used in currencies, jewelry and many other products, – So we believe that the demand to silver will multiply in future years.
Argentina is experiencing an influx of investments that are coming in almost on a daily basis. And they will continue on the expectation of new a government taking office in October.
Discoveries are rare, we’ve had three discoveries.
Chinchillas is the ideal vehicle for Golden Arrow. We’ve been successful explorers. Because of Chinchillas, the quality and the location, we want to move into a fast lane to production.