Golden Arrow Resources Corp. announced the results of assaying of an additional 17 drill holes in the Phase V drilling program at the Chinchillas Silver Project in Jujuy Province, Argentina. The drilling program is part of the Chinchillas Project pre-development activities, funded by Silver Standard, which are being undertaken to evaluate the feasibility of creating a combined mining business with Silver Standard's Pirquitas mine.

The program is on-going and additional results will be announced as assays are received. Selected highlights from these drill holes include: 210 g/t silver and 0.9% lead over 52 metres in CGA-237. Including 1,024 g/t silver and 3.1% lead over 3 metres.

And including 1,324 g/t silver and 4.8% lead over 4 metres. 255 g/t silver over 27 metres in CGA-235. Including 733 g/t silver over 5 metres.

192 g/t silver over 26 metres in CGA-232. Including 1,100 g/t silver in 1 metre.