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Canada Business News and Press Releases
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(EMAILWIRE.COM, March 12, 2009 ) Vancouver, BC - Arrow Resources Corporation ("Golden Arrow") (GRG - TSX.V), a Grosso Group member company, is pleased to announce that it has signed a drill contract for up to 3000 meters of step-out diamond drilling on the Poncha Gold Project in San Juan Province, Argentina. Mobilization and site preparation is underway with drilling planned to start within the next few weeks. Drilling will target, with regular step-out holes, the strong mineralized zone intersected by discovery hole RCPC13 (61m averaging 3.04 g/t Au and 7.16g/t Ag; March 27, 2008 News Release) within the within the 2km by 2km South Target epithermal precious/base metal zone.
In light of the compelling drill results on Poncha and the proximity to quarterly royalty revenue expected to begin by June 2009, the Company has decided to fast track a drill program to follow up on this exciting new gold discovery.
Synthesis of the alteration, structural setting, geochemistry and previous drill results of the South Target area indicates the potential for gold mineralization in large, structurally controlled breccia bodies or structural zones of "intermediate sulphidation" affinity (e.g. Kelian, Indonesia, 8Moz gold; Rosia Montana, Romania, 8.5Moz gold; and Fruta del Norte, Ecuador 13.7Moz gold).
Golden Arrow is earning up to a 100% interest in the Poncha Project from Teck Cominco Limited's subsidiary, Teck Cominco Argentina Ltd. ("Teck"), by fulfilling expenditure and tenure maintenance requirements subject to Teck's option to re-earn up to a 65% interest in the Poncha property (see April 10, 2007 News Release).
"We are pleased to begin the highly anticipated step-out drilling on our discovery at Poncha," stated Joseph Grosso, President and Chief Executive Officer of Golden Arrow Resources. "With the hole ending in mineralization, we are excited to be able to test the extension of our find as it brings back the memories of our other two world class discoveries."
About Golden Arrow:
Golden Arrow is a Vancouver-based gold exploration company that has projects located in Argentina, Peru and Colombia in highly prospective mining regions. Golden Arrow has just over 20 million shares issued and outstanding, a 1% NSR on Yamana's Gualcamayo property entering production Q2-2009, one of the most experienced management teams in the field today and a strong cash position. For more information, please visit our website at: www.goldenarrowresources.com
About The Grosso Group:
The Grosso Group is a management group founded in 1993 and is recognized as a leading pioneer of mineral exploration in Argentina, Peru and of late Colombia. The group operates with the objective of creating investor value through the growth of the member companies which include: Golden Arrow Resources, Blue Sky Uranium and IMA Exploration. The Grosso Group has a history rich in successes which include; the discovery of two multi-million ounce precious metal deposits, partnerships with industry majors such as Barrick Gold, Newmont Mining, Teck Cominco, Rio Tinto and Viceroy/Yamana from whom Golden Arrow will imminently receive quarterly royalty payments and such royalty is estimated to be worth more than US$14M, Joseph Grosso being named Argentina's Mining Man of the Year in 2004 and two dividends of tax-free shares to shareholders. Even in difficult market conditions, the Grosso Group has grown during the last 15 years and has maintained a track record of success during previous commodity cycles. For more information, please visit our website at: www.grossogroup.com
ON BEHALF OF THE BOARD
"Joseph Grosso"
____________________________
Mr. Joseph Grosso, President & C.E.O.
For further information please contact Joseph Grosso, President & CEO, or Corporate Communications, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858. The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Golden Arrow Resources Corporation
Joseph Grosso
604.687.1828
info@goldenarrowresources.com 
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