After almost two months of exploration at the Esperanza property at the Flecha de Oro project in Argentina, results are starting to come in for Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE). The ongoing trenching program is currently in Phase I, and focused on a nine square kilometre area where numerous gold-bearing quartz veins have been identified at surface.

As uranium sentiment for stocks remains strong, Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) is looking to seize the moment, and continues to advance their flagship Amarillo Grande uranium project in Argentina. This strong sentiment puzzles fund managers specialized in uranium stocks, as usually the uranium spot- and contract prices appreciate first, and stocks follow.

As copper is riding at 9 year highs lately, Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) acknowledged this fact and recently made an adjustment to their exploration strategy, which previously focused predominantly on their gold projects Tierra Dorada in Paraguay and Flecha de Oro in Argentina, and to a lesser extent on their Rosales Copper project in Chile.

1. Introduction

Last year has been a quiet year with the COaVID-19 pandemic restricting most exploration activities in Argentina, but the situation has changed since November 2020, and Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) is back in business again, ready to advance their flagship Amarillo Grande uranium project.

As Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) was sidelined for most of last year due to COVID-19, their exploration programs were basically halted. The project that first got underway again was the Tierra Dorada Gold project in Paraguay. The story on this project is a testament to the strong network of Golden Arrow in Latin America.

As Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) renegotiated their Indiana gold project in Chile not too long ago into very favorable terms, I was surprised to recently read about the company dropping the project:

“The Company also wishes to report that it is not proceeding with its option of the Indiana Gold-Copper project in Chile.”

The Corona virus pandemic together with the Saudi Arabia-Russia oil production increase took its toll on the equity markets the last few weeks. The commodity markets in particular got hit too, as main end user China got hit by a halt in manufacturing plants across the economy.

After raising C$0.87M in October of last year, Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) has been busy defining drill targets on their fully owned Amarillo Grande Uranium Vanadium project in Rio Negro, Argentina. An 8 kilometre long IP survey has been completed, which identified a 5 km long anomaly 20 km north of the Ivana deposit.

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) recently came out with some pretty interesting news on their Indiana gold project in Chile. They managed to amend the definitive agreement with the property owner Mineria Activa, a Chilean private equity investment management firm focused on exploration to production-stage assets in mining.

1. Introduction

At a time when tax loss selling is at its peak, Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) seems to have bottomed, and is regrouping after the sale of its interest in the Puna operation. New exploration projects have been acquired and exploration is on its way, and with a new focus on gold this time combined with a robust gold price, and by owning a large amount of SSR Mining shares, the company seems ready to generate interesting news starting in Q1 2020.