Golden Arrow (TSXV:GRG) Given New Buy Recommendation by Jay Taylor Editor of J Taylor's Gold, Energy & Tech Stocks Report - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, July 9, 2012 - Jay Taylor, editor of "J Taylor's
Gold, Energy & Tech Stocks", issues a new buy recommendation to Golden Arrow
Resources (TSXV:GRG).
InvestmentPitch.com has produced a "video news alert" which provides a brief
summary of this report. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Golden Arrow" in the search box.
The company is a Vancouver-based explorer and prospect generator focused on
identifying, acquiring and advancing precious and base metal projects in
Argentina, with the goal of achieving a world class discovery.
The company is well positioned for growth in shareholder value given the $17.75
million pending sale of its 1% net smelter royalty on Yamana Gold's Gualcamayo
Gold Mine to Premier Royalty, which is pending shareholder approval. Upon
completion of that sale, Taylor figures Golden Arrow will hold approximately $20
million in cash, or $0.36 per share on its books, which exceeds its current
market cap.
Golden Arrow trades at $0.28, and with approximately 55.3 million shares
outstanding, the company is capitalized at only $15 million.
Golden Arrow has more than 30 properties in Argentina, with most of them 100%
owned and seven drill-ready. The company has an option agreement with Vale,
which is the world's second-largest mining company, whereby Vale can earn an
initial 70% interest in the Mogote group of properties, by spending $10 million
on this 8,821 hectare copper porphyry target. Results are expected soon from a
4,700 metre drill program on these properties, which straddle the
Argentine/Chile border.
Jay Taylor stated that "Obviously a big company like Vale will be looking for a
world-class deposit and if successful, Golden Arrow's 30% will be very
valuable."
Joseph Grosso, the President & CEO of Golden Arrow, became one of the earlier
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 Golden Arrow's portfolio.
Although the company has been successful in the past at making mineral
discoveries, unfortunately, the largest deposit it discovered, that being a very
large silver deposit in Argentina, was lost in a property rights dispute.
The company has far too many projects to discuss at this time, but it looks as
if there will be a steady stream of news for investors. The following is a brief
description of a few of the company's more advanced-stage projects.
The Chinchillas Property located in the northwestern corner of Argentina near
the Bolivian border and within the Bolivian Silver Belt is an advanced-stage
silver target. Previous drilling projected five mineralized zones within a 1.5
kilometre by 0.6 kilometre area. Within this belt lies Golden Mineral's El
Quevar Project, with a measured and indicated resource of 59.9 million ounces
grading 310 grams per tonne silver.
A second more advanced property in Golden Arrow's portfolio is the Caballos
Copper/Gold/Silver Target. This is a 27,737 hectare area of copper/gold/porphyry
target, but gold and silver epithermal target have also been identified along
the peripheral of the porphyry system.
Taylor concluded his report by stating "Given the highly prospective properties,
I am betting that factor plus a strong cash position makes it very possible this
company can make another significant precious metals and/or base metals
discovery."
For more information about company, please visit www.goldenarrowresources.com,
or phone 604-687-1828 or toll free 1-800-901-0058 or by email at
info(at)goldenarrowresources.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for
creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing short three minute videos based on news releases and research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1625359]
Unternehmensinformation / Kurzprofil:
Datum: 09.07.2012 - 18:25 Uhr
Sprache: Deutsch
News-ID 163424
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Kategorie:
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