Shawn Perger is based in Vancouver Canada and has worked in the international financial markets for 30 years with a primary focus on mining.  For the last 15 years, he has worked with mainly silver companies in corporate finance and communications capacities.

The Daily Bell: Let's start at the beginning for those who are new to Golden Arrow. Explain a bit more about what you do.

Shawn Perger:  I support mining companies, mainly in silver production. I am located in Vancouver, which is the center of junior resource exploration. It's afforded me great opportunities to meet and associate with some of the best people in the business and some of these companies have had tremendous success.

Golden Arrow is one such success than I am very proud of; I have been with the company going on four years since the first drilling was underway on the Chinchillas property our flagship. I came to the company because of the management team's proven expertise. They have a track record in discovering world-class mineral deposits. In fact, the promising Chinchillas property is their third economic discovery.

The Daily Bell: Sum up the opportunity of Chinchillas and Silver Standard.

Shawn Perger: Golden Arrow's Chinchillas deposit is one the world's newest and one of the largest primary silver deposits that is on a fast track to production with an agreement in place with the 7th largest primary silver producer, Silver Standard. That mining firm happens to be a short distance from our Chinchillas property, and they are excited about the promise of Chinchillas because their silver mining in the area has diminished.

Below is a webcast from Silver Standard Resources in which Golden Arrow has an agreement.  In the webcast Silver Standard states they are working toward a new mine by the end of the year with Chinchillas.

The application for the mining permit has been filed and a 6,000 meter condemnation drill program has been completed. (Golden Arrow and Chinchillas Minute 10:04, Minute 15:13.)

Joseph Grosso the CEO of Golden Arrow Resources points out that if Silver Standard agrees to the joint-venture, Golden Arrow will accrue 25% interest in Pirquitas' cash equivalent earnings, less expenses, since Sept. 30, 2015. Grosso explains that Golden Arrow's objective is to become "cash-flow positive mining company."

The Daily Bell: Any further updates?

Shawn Perger: Silver standard has stated numerous times they will make a decision in the last quarter of this year. So far everything is moving smoothly and they don't foresee any issues with moving ahead.

The DailyBell: Are there many opportunities like Chinchillas in silver?

Shawn Perger: Economic primary silver discoveries like Chinchillas are very rare and a fully staffed, fully permitted operating mine as your neighbor and whose mine is closing down is almost unheard of. The stars have aligned for us in this case. It's a win for us, and big win for Silver Standard and a huge win for the people of the province of Jujuy in Argentina.

The Daily Bell: There are relatively few silver miners compared to gold, yes?

Shawn Perger: Silver mines are rare and they need to have larger deposits to make them economical because of the price differential in the metals. For every ounce of gold, perhaps seven ounces of silver are produced. Most of the world's silver production comes as a by-product from other types of mining such a copper mining, so a discovery like Chinchillas is important.

The Daily Bell: Give us a sense of the potential magnitude of Chinchillas.

Shawn Perger: Only 35% of the property has been explored and our technical team feel that Chinchillas is going to get much bigger, the deposit is still open in all directions and at depth.

Golden Arrow holds a 100% interest in the Chinchillas project which hosts a resource at this point 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

We have done some exploratory drilling as far as 1.5 kilometers from the main discovery have hit mineralization; we are looking forward to drilling the area more. A primary silver discovery with room to grow makes Chinchillas a very rare find.

The Daily Bell: Elaborate on the progress path.

Shawn Perger: It's straightforward: To close the deal and start sending feed from Chinchillas property to the Silver Standard's Pirquitas mine and become a revenue producing silver company.

The Daily Bell: Is it a good time to look at Chinchillas?

Shawn Perger: The overall metals market has had a pullback recently, which is probably necessary given that precious metals and junior resource sector in general were top performing markets so far this year. The summer doldrums hit some time ago, but now we are coming into the fall.  I feel personally September and October could be tremendous buying opportunities for many issuers including GRG. These are quality stocks "on sale."

The Daily Bell: How about the larger picture in Argentina? Does the environment remain supportive for Golden Arrow and for Chinchillas?

Shawn Perger: Argentina is increasingly open for business following the end of the last administration. Mining is a big focus for Argentina.  CEO Joe Grosso is in Argentina as we speak and will meet with the Federal Minister of Mines. He'll also meet with the new president Mauricio Macri.  Joe is recognized in Argentina as a very respected an mining pioneer and has received many prestigious awards. Last year Golden Arrow received an award for the best exploration company.

The Daily Bell: Will Argentina continue on a favorable path do you think?

Shawn Perger: From what I've heard, The Argentine government wants to unify mining regulations under a proposed federal law that would permit open-pit mines to operate throughout the country as part of an effort to jump-start investment in the sector.