12:20 PM EDT, 05/14/2025 (MT Newswires) -- Golden Arrow Resources ( GARWF ) Wednesday reported the potential for new discoveries, particularly with a focus on gold, at the San Pietro Copper-Gold-Iron oxide-Cobalt Project in Chile.

This includes the first sampling results from two new targets, Noemi and Lolita Norte, and the addition of new concession package (Cerro Sur) with "highly prospective gold-copper results" from historic drilling.

"Results from our 2024 exploration program continue to demonstrate that San Pietro has a huge amount of remaining discovery potential," said VP of Exploration and Development, Brian McEwen. "The results from Noemi and Lolita Norte are very promising, and the amount of gold is particularly encouraging ... We are continuing our systematic exploration in these areas and throughout the more than 50% of the property that remains untested. We are refining targets for a Phase 3 drill program which will be designed to expand resources at our Rincones and Colla deposits and identify new deposits at San Pietro."

Golden Arrow shares were last seen down $0.005 to $0.04 on the TSX Venture Exchange.