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| Every junior explorer talks about creating value.
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| Very few can point to a record of actually cashing in — selling what they’ve found to major companies for real money, then rolling the proceeds into the next discovery.
GRG Resources (GRG.V; GARWF.OTC) can. The Vancouver-based explorer, called Golden Arrow Resources until October, just signed a binding offer to sell their 1.5% net smelter return royalty on part of Mogotes Metals’ Filo Sur project in Argentina for C$13 million, split evenly between cash and Mogotes shares.
That comes on the heels of closing the sale of their Chilean copper assets to Capstone Copper for US$25 million in Capstone stock.
Combined, those two sales alone provide more value than GRG’s current market cap. But here’s where the real opportunity lies:
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| When GRG sold those copper assets, they held on to the gold.
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| That retained ground is now the Atakama Gold Project...where trenching has outlined a broad zone of gold starting right at surface.
With their treasury replenished, GRG is set to drill it soon.
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| A Team That Knows How To Get Paid
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| GRG is affiliated with the Grosso Group, the Vancouver management organization that helped pioneer modern mineral exploration in Argentina and has worked there continuously since 1993.
Across three affiliated companies, the group has been involved in six significant discoveries and transactions in Chile and Argentina.
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| GRG’s own share of that record is impressive. They advanced the Chinchillas silver-lead-zinc discovery in Argentina to the prefeasibility stage before selling their stake to SSR Mining in 2019 for the equivalent of US$32 million.
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| They also sold their royalty on the Gualcamayo gold mine for nearly C$18 million.
Then came San Pietro. GRG bought the Chilean project in 2022 for US$3.35 million and, in about three years, delineated two copper deposits with an initial Inferred resource of 2.5 billion pounds of copper and 770,000 ounces of gold.
This year they sold roughly two-thirds of the land, including the copper deposits, to Capstone. GRG holds a 75% interest in the joint venture that received those US$25 million in Capstone shares, before fees and taxes.
Mogote followed a different playbook. Rather than spend years and heavy capital drilling it alone, GRG optioned the project out in 2022.
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| According to President and CEO Nikolaos Cacos, that strategy brought in “nearly five million dollars in operating capital over the last four years, and now even more value with the sale of the NSR.”
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| That royalty sits in prime territory. Filo Sur adjoins the Filo del Sol copper-gold-silver discovery owned by BHP and Lundin in the Vicuña district.
And because half the payment comes in Mogotes shares, GRG keeps a stake in whatever Mogotes finds next.
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| The Gold They Chose To Keep
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| When it came time to sell San Pietro’s copper, GRG’s technical team made a deliberate choice.
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| VP Exploration and Development Brian McEwen explained that the team “strategized retaining the large concession group with the strongest gold targets and the environmental permits” needed to advance toward drilling and potential development.
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| That ground became GRG’s Atakama project, a 9,469-hectare property held through their 75%-owned Chilean subsidiary.
It sits about 100 kilometers north of the mining center of Copiapó in Chile’s Atacama Region, at low altitude with year-round access, eight kilometers from the town of Diego de Almagro and within 35 kilometers of a deep-water port. Capstone’s Manto Verde mine lies about 10 kilometers to the west.
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| This is serious gold country. The region hosts an estimated 100 million-plus ounces of gold endowment, including multi-million-ounce deposits.
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| Since 2025, GRG’s geologists have collected 983 surface rock samples and 693 trench samples and outlined four near-surface gold targets across the nearly 10-kilometer width of the property: Paula, Lolita Norte, Dos Marias and Cerro Sur.
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| Four near-surface gold targets stretch across nearly 10 kilometers at Atakama.
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| Rock chips at Cerro Sur returned 0.45 meters grading 29.72 g/t gold and 1.7 meters of 10.81 g/t, while Lolita Norte returned 0.35 meters of 20.5 g/t.
The standout, though, is Paula.
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| Wide Gold Right From Surface
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| At Paula, six trenches across the south end of the main breccia vein system span 380 meters of strike and up to 76.7 meters of width. Every one returned more than 1 g/t gold over more than 10 meters…and five returned better than 1 g/t over more than 20 meters.
Highlights include 76.7 meters grading 1.01 g/t gold, including 26.6 meters of 1.65 g/t… 73.4 meters of 0.87 g/t, including 20.2 meters of 2.09 g/t… and 38.7 meters of 1.44 g/t, including 22.5 meters of 2.24 g/t.
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| Trenching at Paula outlined a gold zone 380 meters long and up to 76.7 meters wide…open in every direction.
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| Many of those trenches started or finished in mineralization, so the widths could be even greater. In fact, recent detailed mapping suggests the main zone may be over 100 meters wide. It remains open in all directions, and it has never been tested at depth.
GRG’s goal at Atakama is shallow, leachable gold with the potential for near-term, low-cost production…and Paula is where they’ll test it first.
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| First Holes Before Year-End
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| The next few months should be packed with news flow.
At Paula, IP-resistivity and ground magnetic surveys are sharpening drill targets, while new trenching tests the broader zone suggested by the mapping.
Preliminary metallurgical work is also on the schedule, and trenching and sampling have been continuing at Lolita Norte and Cerro Sur.
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| All of that leads up to Atakama’s first drill program, which is expected to begin in the fourth quarter. The project is already permitted for drilling on up to 40 platforms.
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| Meanwhile, the C$13 million royalty sale is targeted to close by December 29, subject to a definitive agreement and approvals. And in Argentina, mapping, sampling and geophysics are underway at Yanso to define drill targets.
Beyond that, GRG’s Argentina portfolio offers additional upside, with two projects in partners’ hands.
Huachi is optioned to Latin Metals and is part of the larger Zaha project, where a first drill program of 15,000 meters is being planned. Caballos is optioned to Hanaq Argentina, which has already drilled the project.
And Potrerillos, 100% held by GRG, sits just eight kilometers east of the Veladero mine, jointly owned by Barrick and Shandong Gold. Potrerillos is available for option, as is Yanso.
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| The Math Behind The Opportunity
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| Consider the numbers: GRG currently carries a market value of only about C$19 million.
Set that against what this team has put together in 2026 alone: a 75% interest in the joint venture that received US$25 million in Capstone shares, a C$13 million royalty sale in the works and the 9,469-hectare gold project they kept out of the copper deal.
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| In other words, the first drilling at Atakama is being fully funded — with millions left over — by assets GRG has already sold.
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| For a team that has repeatedly turned discoveries into cash, Atakama could be the start of the next chapter. With drills expected to turn before year-end, this is the moment to get to know GRG Resources.
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| CLICK HERE
To learn more about GRG Resources
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