# Golden Arrow Signs Letter of Intent to Option Libanesa Silver-Gold Project, Argentina Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8 Original source: https://money.tmx.com/en/quote/MRZ/news/5863243139891393/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen Publisher: tmx Original announcement: 2021-06-01T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Golden Arrow Resources Corporation - Ticker: GRG - Exchange: TSX - Region: Santa Cruz, Argentina - Primary commodity: Silver - Secondary commodities: Gold, Lead, Zinc, Copper - Document categories: Drill results, Agreement transaction - Extracted: 2026-09-18 11:17:42 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Golden Arrow Resources Corporation has signed a binding Letter of Intent to option a 75% interest in Mirasol Resources' Libanesa silver-gold project in Argentina. The project features high-grade trench results at the Cerro Plomo target and is located within a known metallogenic province. Reasoning: The announcement of a binding LOI for a significant option to acquire a 75% interest in a drill-ready silver-gold project represents a material expansion of Golden Arrow's portfolio. - Positive factor: Binding LOI to option 75% interest in a drill-ready project - Positive factor: High-grade trench results reported at Cerro Plomo - Positive factor: Proximity to established mines \(Cerro Moro, Don Nicolas\) - Positive factor: Geophysical anomalies support depth potential - Negative factor: Golden Arrow has not completed due diligence to verify Mirasol's historical data Facts used in scoring: 9 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Project is located 40km from Cerro Moro and 100km from Don Nicolas mines. Evidence · text > approximately 40 km northwest of the Cerro Moro Mine operated by Yamana Gold and 100 km northeast of the Don Nicolas mine **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Technical portions reviewed and approved by a Qualified Person \(Brian McEwen, P.Geol.\). Evidence · text > reviewed and approved by Brian McEwen , P.Geol., VP Exploration and Development to the Company and a Qualified Person ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Drill Results (9) ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-0) Libanesa · gold #### Identity - Hole ID: trench - Project: Libanesa - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 0.8 - Grade Unit: g/t - Intercept: 6 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Standard trench intercept. Evidence · text > 6m at 0.8 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-1) Libanesa · silver #### Identity - Hole ID: trench - Project: Libanesa - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 243.8 - Grade Unit: g/t - Intercept: 6 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Strong silver grade in trench. - Positive factor: High grade silver Evidence · text > 243.8 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-2) Libanesa · lead #### Identity - Hole ID: trench - Project: Libanesa - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 0.4 - Grade Unit: % - Intercept: 6 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Trace lead reported. Evidence · text > 0.4% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-3) Libanesa · gold #### Identity - Hole ID: trench - Project: Libanesa - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 0.98 - Grade Unit: g/t - Intercept: 10.5 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Solid gold intercept in trench. Evidence · text > 10.5m at 0.98 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-4) Libanesa · silver #### Identity - Hole ID: trench - Project: Libanesa - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 53.4 - Grade Unit: g/t - Intercept: 10.5 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Moderate silver grade. Evidence · text > 53.4 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-5) Libanesa · lead #### Identity - Hole ID: trench - Project: Libanesa - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 0.9 - Grade Unit: % - Intercept: 10.5 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Lead reported in trench. Evidence · text > 0.9% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-6) Libanesa · gold #### Identity - Hole ID: trench - Project: Libanesa - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 1.21 - Grade Unit: g/t - Intercept: 11 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Good gold intercept in trench. Evidence · text > 11m at 1.21 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-7) Libanesa · silver #### Identity - Hole ID: trench - Project: Libanesa - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 13.5 - Grade Unit: g/t - Intercept: 11 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Moderate silver grade. Evidence · text > 13.5 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### trench [Link to this fact](https://atlas-extractions.minestarters.com/news/golden-arrow-signs-letter-of-intent-to-option-libanesa-silver-gold-project-argen--cab450df-83aa-440f-9597-c51e614b14a8#fact-drill-facts-8) Libanesa · lead #### Identity - Hole ID: trench - Project: Libanesa - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: GRG #### Geometry - Grade: 1.4 - Grade Unit: % - Intercept: 11 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2021-06-01T00:00:00.000Z Reasoning: Lead reported in trench. Evidence · text > 1.4% Pb #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.