Mining in Argentina is an important regional producer of minerals, including primary aluminum, lead, copper, zinc, silver, and gold. Many of such newcomers are from Australia, but Canada remains the leading foreign investor in Argentina’s mining industry with a 60 per cent dominance.
The contribution to the economy of the mining sector in Argentina is considerably low in relation to Bolivia and Chile, and to the world’s average. However, it is expected that the industry will gain importance, especially from larger investments that may be attracted by changes in market conditions supported by strong incentives from the national government to the mining industry. Golden Arrow Resources Corporation is a Vancouver-based explorer with a history of success in identifying, acquiring and advancing precious and base metal discoveries with the goal of defining world-class deposits.
Redefining the Mining Space of Argentina
Management at Golden Arrow considers Argentina to be an under-explored country with highly promising geological potential stemming from its direct border with some of the world’s most prolific mining areas including the El Indio belt, the Maricunga belt, and the Bolivian silver-zinc-tin belt.
Management’s long tenure in Argentina and positive track-record of community and government relations has led to Golden Arrow’s portfolio of projects containing over 200,000 hectares of properties. These projects are strategically located near major mines and within well-known mining districts.
Golden Arrow has a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. Golden Arrow owns a 25% share of Puna Operations, Inc a joint venture company operated by SSR Mining, an experienced precious metals miner. Puna Operations is producing silver concentrate from the Pirquitas operation and developing the nearby Chinchillas silver project, which has more than 8 years of forecast production and upside potential.
Golden Arrow maintains an exploration office in Mendoza and is well positioned to undertake a systematic exploration, both directly and with joint venture partners.
About the Parents
Golden Arrow is a member of the Grosso Group, a management company specialized in resource exploration. The Grosso Group, headed by Joseph Grosso, believes strongly in the mineral potential of Argentina and has focused exploration efforts there since 1993 when the country opened to foreign investment. The Group’s success at the mineral discovery, as well as its achievements in community and government relations, has made it a highly regarded and trusted explorer throughout Argentina. Golden Arrow’s strategy is to capitalize on both the corporate expertise and the exploration talent of the Grosso Group team to find the Group’s fifth significant deposit in Argentina. Golden Arrow is actively exploring on its more than 200,000 hectares of properties in Argentina.
The Pioneer of Golden Arrow
Mr. Joseph Grosso is the Executive Chairman, CEO & President of Golden Arrow Resources Corporation. Mr. Grosso became one of the early pioneers of the mining sector in Argentina in 1993 when mining was opened to foreign investment and was named Argentina’s ‘Mining Man of The Year’ in 2005. His knowledge of Argentina was instrumental in attracting a premier team, which led to the acquisition of key properties in the Golden Arrow’s portfolio. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels.
Mr. Grosso’s specialty is financing, negotiations, corporate and marketing strategy, and he was an early and passionate adopter of best practices in environmental protection and socio-economic development through mineral exploration. Mr. Grosso is also Founder and President of Grosso Group Management Ltd.
Every organization faces difficulties and obstacles while out-performing the success curve. Similarly, Golden Arrow also faced many challenges since its inception. As a mining company their challenges also well-known, such as bear markets, onerous permitting requirements, regime change, and metal prices.
Mr. Grosso always suggests to young entrepreneurs in mining space, for the business growth − “Seek out experts with a track record of success.”
Future-Proof Investments from Golden Arrow
On March 31, 2017, Golden Arrow received the required notice from SSR Mining. (NASDAQ/TSX: SSRM, “SSRM”) to exercise its option on the Chinchillas project and form a joint venture to combine the Chinchillas project with the producing Pirquitas Mine into a single new operation. The joint venture is owned on a 75% / 25% basis by SSRM and GRG, respectively. SSRM is the operator and reports the detailed operational results in their quarterly reporting, which is available on their website or SEDAR profile. The final permit (“EIA”) for Chinchillas was received at the end of December 2017, and construction and development activities are underway. The first delivery of ore to the mill is expected in the second half of 2018.
Ready to Deploy Newer Technologies and Meaningful Tools
As Golden Arrow is primary an exploration company so robotics are not used at this time, but in near future company will be armed with robotics too as the process of developments in robotics is on going. Team Golden Arrow calculates different technological advancements which can be well-suited for the mining industry. Through their research and experiences, they believe that the life cycle of mining begins with exploration, continues through production, and ends with closure and postmining land use. New technologies can benefit the mining industry and consumers in all stages of this life cycle.
Team Golden Arrow considers geochemical techniques as a very important tool in the mining field. Surface geochemical prospecting involves analyzing soil, rock, water, vegetation, and vapor (e.g., mercury and hydrocarbons in soil gas) for trace amounts of metals or other elements that may indicate the presence of a buried ore deposit. Geochemical techniques have played a key role in the discovery of numerous mineral deposits, and they continue to be a standard method of exploration.
Future Roadmap for Golden Arrow
Golden Arrow’s strategy is to capitalize on both the corporate expertise and the exploration talent of the Grosso Group team to find the Group’s fifth significant deposit in Argentina. Golden Arrow is actively exploring on its more than 200,000 hectares of properties in Argentina.