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IPFS News Link • Gold and Silver

Joe Grosso: Golden Arrow Targets a Promising Mining Merger With Silver Standard in Argentina

• The Daily Bell

Joseph Grosso is Executive Chairman, CEO & President of a leading junior mining firm in Argentina, Golden Arrow Resources. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels. Mr. Grosso's specialty is financing, negotiations, corporate and marketing strategy, and he was an early and passionate adopter of best practices in environmental protection and socio-economic development through mineral exploration. He is the founder and president of Grosso Group Management Ltd.

The Daily Bell: Give us some background on your company, Golden Arrow Resources.

Joseph Grosso: Golden Arrow is a Vancouver-based explorer and prospect generator focused on identifying, acquiring and advancing precious and base metal discoveries with the goal of defining world class deposits. I believe strongly in the mineral potential of Argentina and have focused our exploration efforts there since 1993 when the country opened to foreign investment. The Group's success at mineral discovery, as well as its achievements in community and government relations has made it a highly regarded and trusted explorer throughout Argentina.

Golden Arrow's current focus is on advancing its flagship Chinchillas Silver Project located in Jujuy moving rapidly towards production with our partner Silver Standard. The Chinchillas discovery is our third major discovery.

The Daily Bell: Tell us more about Chinchillas Silver.

Joseph Grosso: Golden Arrow holds a 100% interest in the Chinchillas project which hosts a resource of 100 million ounces of silver/155 million ounces silver equivalent (AgEq) in the Measured & Indicated categories and 44 million ounces silver /90 million ounces (AgEq) in the Inferred category. The resource estimate is part of the Chinchillas Project prefeasibility study, funded by Silver Standard, which is being undertaken to evaluate the combination of Silver Standard's producing Pirquitas mine and our Chinchillas deposit, as announced October 1st, 2015.

The Daily Bell: Your project is increasingly well known throughout the industry, certainly in the Americas. Is being in Argentina an advantage these days?

Joseph Grosso: In terms of developing its natural resources sector, Argentina has a great deal of untapped potential. Argentina is vastly underexplored and remains on of the world's last frontiers for making mining discoveries. The country is blessed with deposits of gold, silver, molybdenum, cadmium, lead, zinc, copper, lithium, iron ore, manganese, uranium and petroleum.

The Daily Bell: Has the political situation improved?

Joseph Grosso: The newly elected government of President Mauricio Macri, has  announced very pro-business and mining friendly policies making investment in Argentina quite positive.

Macri, who took office in December has moved quickly to liberalize market conditions and normalize the country's economy. In only months, the Argentine government has relaxed exchange controls and let the peso float, eliminated export taxes on mining products and lifted restrictions on the repatriation on earnings and dividends.


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