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Gold Resource Corp.

opaxe

Summary

Project:

Oaxaca Mining Unit

Deposit:Aguila - Arista Mine
Location:Mexico
Commodities:Gold-Silver-Copper-Lead-Zinc
Date:2/1/2017
Report Code:(no Code)
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:1-2-2017: Gold Resource Corp. announces an Exploration/Drilling Update report for its Aguila - Arista Mine deposit at the Oaxaca Mining Unit project. Drilling results incl. 5.01m @ 3.98g/t Au, 66g/t Ag, 0.52% Cu, 4.33% Pb, 5.89% Zn from 545.77m. COLORADO
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: n/a (n/a)
ABSTRACT:COLORADO SPRINGS – February 1, 2017 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) today announced the continued expansion of its Switchback vein system with additional step-out drill intercepts at the Aguila Project’s Arista Mine. These new results, which mark the Company’s farthest step-out drill hole to date, intercepted multiple veins including 5.01 meters of 3.98 grams per tonne (g/t) gold, and extends the Switchback system’s total strike length to over 575 meters, a 275 meter expansion on strike since January 1, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $109 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. From an underground exploration drill pad located on level 14 of the Arista Mine’s Arista vein system, drill Holes 516150 and 516148 targeted extensions of the Switchback vein system. Multiple veins were intercepted in each hole significantly extending the Switchback vein system mineralization to the northwest (see map). Hole 516150 extended the system northwest by approximately 75 meters on strike beyond the recently released step-out Hole 516147 (see January 12, 2017 Press Release), which added approximately 200 meters of strike length to Switchback. These new intercepts expand the Switchback system strike length from its previous 300 meters of strike length to now over 575 meters of total strike. The Switchback vein system remains open in all directions.

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