09:56 AM EDT, 06/08/2020 (MT Newswires) -- Golden Arrow Resources (GRG.V) said Monday that the mapping and vein sampling program at the Flecha de Oro gold project in Rio Negro, Argentina have delineated a new high-grade gold target on the Esperanza property.

The target includes sub-parallel quartz veins in an apparent structural corridor that was mapped over 230 metres in length and up to 30 metres of width. It remains open in both directions along strike.

Brian McEwen, VP Exploration and Development, said: "The Flecha de Oro exploration program is advancing nicely with the addition of this new high-grade gold target at the Esperanza property, located more than a kilometre and a half north of the high-grade samples we reported in early March. In addition, the new Maquinchao properties expand our prospective area, further increasing our chances to discover a major epithermal deposit at the project."

Shares were unchanged at $0.16 apiece in a 52-week range of $0.09 - 0.30.

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