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Dr. Allen Alper Interviews Joe Grosso, Executive Chairman, President and CEO of Golden Arrow Resources Corp. (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), Pioneered Mining Exploration in Argentina

on 9/4/2020
We learned from Joe Grosso, Executive Chairman, President and CEO of Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), that the Company, led by the Grosso Group, pioneered mining exploration in Argentina, where they discovered the world-class Gualcamayo project, put in production by Yamana Gold, the world-class Navidad silver deposit, now held by Pan American Silver, and the Chinchillas Mine, currently in production, with SSR Mining Inc. Today, Golden Arrow is actively exploring a portfolio that includes a new epithermal gold project in Argentina, a district-scale frontier gold opportunity in Paraguay, a base-metal project in the heart of a leading mining district in Chile and more than 180,000 hectares of properties in Argentina. We are in progress of doing an advanced level of geological exploration to find several potential new discoveries sought by major producers.

Golden Arrow Resources Corporation

Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing the Legendary Joe Grosso, Executive Chairman, President and CEO of Golden Arrow Resources who pioneered mining exploration in Argentina. Joe could you tell us why Argentina and give us an overview of your company?

Joe Grosso: Sure. One of the questions that was asked was, why Argentina? I have a long 27- year history of exploration and mining in Argentina. It has a large Italian population. I'm an immigrant in Canada, but my family is in Argentina. When Argentina opened the door to foreign investors, they were very fast, basically saying, “Come on up and see what Argentina has to offer. When I got to Argentina, I was terribly surprised at that. For the eighth largest country in the world, they didn't even know how to spell mining, so to speak. There was so little mining known and what was known, was not very popular. They were in Agriculture for centuries and no mining. When I looked at the 2.78 million square kilometers, it became a mouthwatering opportunity for me to look at what was going on.

The more I looked at it, the more I liked it. We kept on reviewing it and staking the geology of Argentina. What we discovered and checked with historic libraries, like the universities and government libraries. They all concurred that Argentina did have trains that were coming into Argentina from Chile and four other countries surrounding Argentina for a total of 9,500 kilometer, which is at least twice the distance from Los Angeles to New York and back. We were overwhelmed at the size of a country with an immense mining opportunity and no one had up that opportunity. So we became the pioneers.

And what was a hard challenge of being the pioneers was that we had to look in order to study, which took about a couple of years to complete looking at the whole country. Where were the high grade trends coming in from? We found out they were coming predominantly from Chile to the West and were coming to the other four countries, including Paraguay and Bolivia.

We selected, out of the available properties, to be staked in Argentina, 92% of the whole opportunity that was offered to us. We currently own 254,983 hectares of property that we have chosen out of this giant Country.

What happened, which is quite interesting, while the world continues to look at Argentina in a grim way, with reason or without reason, the mining industry basically had its own life. We started there, first by choosing key locations. But while we were doing that, to the best of our knowledge, there are 29 international known, giant producers in Argentina. I don't take the responsibility that they were there because I was there, but some light went on.

29 companies are operating in Argentina and they were attracted by the geology, also by the factor that only seven years ago, one U.S. Dollar was equal to an Argentinian Peso. Today, one Dollar U.S. is worth 120 Pesos. We still don't understand why there are 29 companies operating in Argentina. But I fully understand the economy of producing at 120% lower than they were 20 years ago, 25 years ago. I totally understand that. And I'm sure so will your readers/investors.

Obviously being a junior company, we had to choose what we could get involved with. Producing needs engineering, infrastructure, and knowledge of how to extract to make gold bars and silver bars and other products the geologist knows how to find. We concentrated on serving what the majors are going to be needing, discoveries, because a junior cannot have any ambitions at the beginning.

There is no production without discoveries. So we felt quite encouraged that we could take the role of exploration, a huge portfolio of properties that we had accumulated and go from geology to discovery, pre-feasibility discovery. The feasibility of the pre-feasibility that we produce is determined by the buying company which has to make a feasibility study that will be used to get what they're buying from us into production.

So our role continues and we're quite happy. We have a record of the staking that we made over the years, and we were very discriminating in staking only 0.92 of the total Argentina territory. 0.92 is nevertheless equivalent to 254,000 hectares of property portfolio, which we have developed into geology, known geology for the major to acquire.

We will continue with that for the time being, because it is within our experience that we have spent a lot of money during 27 years to go into Geochem, Geophysics of early stage projects. We don't need to do that anymore after 27 years, we have graduated to having 180,000 hectares all known geology.

It takes about two or three years, the Geochem, Geophysics, trenching and everything else to find out what geology you have. Paraguay is almost not explored. So there we have taken the time to go and do Geochem Geophysics, and all of that in Paraguay.

We have reconciled with their mining knowledge, and we have now started drilling in Paraguay, drilling part of the coastline. The coastline was left behind 265 million years ago when West Africa split and became a gold silver producer. Some of the coastline, we have staked and we have approximately 64,000 hectares of property of this coastline, which has visible gold at surface.

And we have now started drilling.

Dr. Allen Alper: Excellent, Joe! Very interesting! You're a pioneer, bringing Argentina into the mining world. Thank you for giving our readers/investors knowledge of the importance of Argentina in mining. Could you tell us a little bit more about some of the key projects you have in Argentina, Paraguay and elsewhere?

Joe Grosso: I am not a technical person. I put together a team in many areas, from technical to financial, raising funds and telling the story. Our projects that we have in Argentina are varied. We have quite a few.

We have 254,000 hectares of property, which encompasses dozens of projects in various stage of advancement. We have also gone to Chile and looked for projects, which are already in progress that we can spend our stronger financial base that we have in the Company and continue increasing the value that we have.

As far as a Paraguay is concerned, we definitely were very intrigued with some of the coast left behind 265 million years ago. Going there visiting the property, we could look down and see visible gold that we were seeing with the naked eye that obviously has created a stimulus. With our geologist, looking further, we have worked long enough now to establish that that Golden Arrow will be spending some of its rich funding position in pursuing Paraguay. We have started drilling. It's going to be taking at least three, four weeks to do all the credible tests we have to do. Then we'll share the results with you.

Dr. Allen Alper: Sounds great. That sounds like a very exciting time for the shareholders of Golden Arrow learning the results of what's happening in Paraguay and Chile.

Joe Grosso: Argentina is a little more afflicted with the virus, but we have found a spot in the province of Rio Negro where they feel this is a very important thing for their province, and we have some flexibility there. We are very careful to keep our workers and their families safe. We are not moving to do anything that would conflict with the restrictions brought on by the coronavirus.

We don't go into a new country without doing all the research and seeing what kind of mining legislation is in place. We negotiate with the government to sign a contract that protects us from the country being able to come and say, "Thank you very much but this is mine".

We have 27 years of experience maneuvering and working with federal, provincial and small community leaders and we have had zero rejection. We have an incredible reputation that after 27 years, we have gone into distant community areas where geology is, and we have been able to access it every time. The only reason is that we were congenial to give them their necessity and they've reciprocated gladly with our needs or what we were requesting. Now, to manage that delicate balance for many, many years, I have an impartial community company advisor, making sure that there is a third important party, and that has worked beautifully. During the last 10 years, we knew the work we had to do in Argentina and in South America, we concentrated in being welcomed there and build the build, build, build, build.

Take a look at us, take the time to see what the vastly undervalued shares are trading at and what opportunity we have for people that take the time to understand the value we can bring to the shareholders.

Dr. Allen Alper: That sounds excellent, Joe! Could you tell our readers/investors a little bit more, why they should consider investing in Golden Arrow Resources?

Joe Grosso: Over the 27 years we’ve worked hard establishing ourselves in very difficult areas. We are very popular and we have had no rejection.

We have been accepted and respected and out of the respect that we have gained in a country like Argentina, we are now reaping the benefit of other country calling us and saying, "Come on up. We want you".

A reason to buy our stock is because our Investor Relations, which is extremely busy and very, very experienced in communication, going into the market and explaining what we will be doing.

We have a campaign dedicated and funded to communicate on the three levels, local, international and any other levels that we should be communicating with. We will explain who we are and the opportunity that the company offers.

As you know, the Company has gone into buying back some of the shares, because of the opportunity there.

Joe Grosso: I'm very happy in Argentina. We're branching out to wherever we can buy with the dollar that we have or whatever we can buy at a discount. There are companies now which are cash strapped, that are willing to part with developed new projects that would cost a fortune to buy and develop them ourselves. We can buy at very high discounts, or we're doing a little bit of both.

We are definitely busy and doing our own exploration. Now because of our cash position we're having our scouts looking for projects. Our company is focusing on gold, silver, and some base metal in Chile, like copper. Copper is one of our priorities, in addition to gold and silver precious metal.

Dr. Allen Alper: You're doing a great job. You're a famous man. You're a leader. What you have to say is extremely impressive for our readers/investors in the mining community. I'm very impressed with what you and your team are doing, Joe in Argentina now in Paraguay, also in Chile. And I think that it's a great opportunity for our readers/investors. We will publish your press releases as they come out so our readers/investors can follow your progress.

Mr. Joseph Grosso,
Executive Chairman, President and CEO
For further information, please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058

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