VANCOUVER, BC (September 29, 2011) Clearlease Financial Reports Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC, WKN: A0B6XQ) provides an update from its President and CEO, Mr. Joseph Grosso fro Sept 29, 2011:
“During the present downtrend of current market conditions, I would like to reassure our shareholders, that the current share price is not reflective of the Company’s fundamentals and resources. Our management team is making great efforts to materialize on some of the opportunities offered by this downtrend.
The Company continues to assist our partner, Vale S.A., to prepare for the of exploration and drilling of the Mogote and Purulla projects, continuing on their second year option to acquire up to a 70% interest in each of these two projects.
Additionally, Golden Arrow is finalizing its exploration plans for Potrerillos, and, is currently preparing to embark on a drilling campaign on the Chinchilla Silver Project, expanding on the 11 successful previously drilled holes.
Project generation is progressing on many fronts; properties are being advanced towards the drilling stage; and, the Company is reviewing the acquisition of additional resource projects.
The Company’s source of funding is the $4.25 million in the treasury and the income from the royalty it receives from Yamana Gold Corp.’s Gualcamayo Gold mine, one of the projects discovered by us. The Company expects to receive its next scheduled quarterly payment on November 1, 2011.
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Clearlease Financial Group (Clearlease.com) may be able provide you with fully diversified Lease Finance Mortgage Banking Brokerage service specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Clearlease Financial Group Corporation
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 716-0495
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