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Gold Resource Corp.
Summary
| Project: | Oaxaca Mining Unit | |
|---|---|---|
| Deposit: | Aguila - Arista Mine | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 7/18/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-7-2018: Gold Resource Corp. announces an Exploration/Drilling Update report for its Aguila - Arista Mine deposit at the Oaxaca Mining Unit project. Drilling results incl. 23.39m @ 2.00g/t Au, 200g/t Ag, 0.58% Cu, 3.13% Pb, 8.98% Zn. COLORADO SPRINGS – | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – July 18, 2018 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) announced the continued expansion of both the Arista Mine’s Arista and Switchback vein systems. Drill hole intercepts include 23.39 meters of 2.00 grams per tonne (g/t) gold and 200 g/t silver; and 9.94 meters of 2.16 g/t gold and 95 g/t silver expanding Switchback’s strike length by approximately 100 meters. A new vein discovered in the Arista vein system intercepted 2.08 meters of 1.98 g/t gold and 1,583 g/t silver. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $111 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers its 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 14.5 of the Arista Mine’s Arista vein system, drill holes 517137 and 518004 targeted the north-west extension of the Switchback vein system. Both drill holes intercepted the Soledad vein extending the north-west strike length of the Switchback vein system by approximately 100 meters. A third infill drill hole, 517139, targeted the north-west zone of Switchback also intercepting the Soledad vein (see map). The Arista Mine’s Switchback vein system now extends over 1 kilometer on strike and remains open in all directions. | |
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