Golden Arrow Reports On Joint Ventures, Including Amended Option on Mogote Project for Cash and Equity and First Drilling at Caballos Project

Core Points - Golden Arrow Resources Corporation has amended its option agreement with Mogotes Metals Inc. for the Mogote Copper-Gold Project in Argentina, allowing Mogotes Metals to acquire a 100% interest in the project for CAD$1 million, which includes cash, a private placement, and a 1.5$550,000 in cash and invest CAD$450,000 through a private placement at a minimum price of CAD$0.05 per unit, with each unit consisting of one common share and one warrant [3][4] - The agreement includes the issuance of 10,714,285 common shares of Mogotes Metals to Golden Arrow on the initial closing date, with additional shares valued at CAD$1.5 million to be issued within one year [4][5] Project Development - Golden Arrow is advancing exploration at its Caballos Copper-Gold Project, where drilling has commenced, marking the first drill testing of the property [2][7] - The initial drilling program at Caballos is expected to include three holes totaling approximately 1,000 meters [2] Strategic Outlook - The company aims to utilize the cash from the amended agreement to further explore its active projects in Argentina and Chile, particularly the San Pietro copper-gold-iron-cobalt project [2][7] - The strategy of optioning non-core assets is beginning to yield positive results, with expectations for a productive year ahead [2][7]