Golden Arrow Resources Corp. announced that it has staked a new license, Ritsuko (3,237 hectares), bringing the company's total land holdings in the prospective Caballos district to 25,195 hectares. The company has defined a high grade porphyry copper gold target at the Caballos project that includes 12m averaging 2.4% copper within an 18m chip sample and has bulldozed roads in preparation for an IP/Resistivity geophysical survey that is to commence in February 2012. Golden Arrow has received drill permits for its 100% owned Caballos Porphyry Copper-Gold project, which will allow for a more rapid exploration activity. The Caballos and Ritsuko properties are located in a developing porphyry district between the Maricunga Copper-Gold Belt and the northern extent of the El Indio Gold-Silver Belt. Advanced projects in the area include El Moro (65 km SW with proven and probable reserves of 8.17 million ounces of gold and 6.1 billion pounds of copper), Los Helados (22 km to SW with intercepts including Hole LH 16 with 701 metres of 0.67% copper and 0.30 g/t gold) and Caserones (21 km to the NW with 1.3 billion tonnes copper-molybdenum) on the Chilean side of the border and Josemaria (25 km SW with an inferred resource of 4.4 million ounces of contained gold and 3.9 billion pounds of contained copper) and Filo del Sol in Argentina (38 km to SW with intercepts including VRC 28 with 222 m of 0.66% copper). Field teams are currently mapping and sampling at Caballos where the bulldozer roads have exposed outcrop. Exposures of potassic altered volcanics with quartz-magnetite veinlet stock works have been mapped in the vicinity of the original high grade copper discovery outcrops. Golden Arrow has now defined a series of outcrops which contain copper mineralization and porphyry style alteration that occur sporadically across 1 km. These occurrences are considered strong evidence for the presence of a buried porphyry copper system. The objective of the surface sampling and IP/Resistivity program is to define drill targets. The nearby Ritsuko property covers epithermal gold-silver targets related to numerous zones of intense argillic alteration within the 4 km diameter Ritsuko caldera. The principal target is an intensely argillic altered, partially silicified zone with a stockwork of iron oxide sealed fractures and veinlets within the western margin of the caldera. Several companies have worked in the past in this area, including Barrick, Eldorado and Vale. Golden Arrow is working on compiling all available historic data for the project and obtaining the environmental permits required for prospecting and exploration.