Golden Arrow Options Espota Project, Argentina and hits 28m averaging 1.6g/t Gold in Initial Sampling

TSX Venture Exchange (TSX-V): GRG
Frankfurt Stock Exchange (FSE): G6A
OTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, April 18, 2023 /CNW/ - Golden Arrow Resources Corporation (TSXV: GRG) (FSE:G6A) (OTC-BB:GARWF), ("Golden Arrow" or the "Company) is pleased to report that it recently entered into an option agreement to acquire a 100% interest in the Espota Gold Project ("Espota" or "the Project") covering nearly 30km² in San Juan Province, Argentina (see Figure 1). Golden Arrow has commenced a reconnaissance surface exploration program throughout the property and has already identified a 1km² area hosting multiple targets of shear zone-hosted breccias and veins with quartz-tourmaline-hematite alteration and gold-silver mineralization (see Figure 2). Initial channel samples across breccia bodies in this area returned a best interval averaging 27.7m at 1.57 g/t Au, including individual samples of 9.64 g/t Au over 0.80m and 33.06 g/t Au over 0.95m.