Golden Arrow Resources Corporation
Delineates a Large Copper Resource Next to Capstone Copper
Published: 3/19/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:GARWF - NASDAQ 🔹GRG.V - NEO 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.06 |
| Fair Value | CAD $0.21 |
| Risk | 5 |
| 52 Week Range | CAD $0.04-0.08 |
| Shares O/S (M) | 160 |
| Market Cap. (M) | CAD $8 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 3.9 |
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Report Highlights
- GRG has completed a maiden resource estimate on its flagship San Pietro copper-gold-iron-cobalt project in Chile, the largest copper-producing nation in the world.
- San Pietro is located in between three copper projects operated by Capstone Copper (TSX: CS/MCAP: $6.4B), including an operating open-pit mine.
- The company has delineated a substantial inferred resource totaling 4.4 Blbs of CuEq at 0.41%. We believe San Pietro has significant resource expansion potential, with mineralization open in multiple directions, and 50% of the project area remaining untested.
- GRG is planning a phase three drill program in Q3-2025 to explore multiple underexplored targets, and perform infill drilling within the resource area, aiming to potentially identify higher-grade zones, and upgrade the current resource estimate to the measured and indicated categories.
- With copper trading near record highs, we anticipate an increase in M&A activity over the next 12 months, as larger companies target juniors to expand their portfolios. We remain bullish
