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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: | 1/23/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-1-2018: Gold Resource Corp. announces an Exploration/Drilling Update report for its Aguila - Arista Mine deposit at the Oaxaca Mining Unit project. Drilling results incl. 11.35m @ 4.19g/t Au, 114g/t Ag, 0.43% Cu, 0.98% Pb, 5.53% Zn. COLORADO SPRINGS – | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – January 23, 2018 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the continued expansion of the Arista Mine’s Switchback vein system with thirteen additional step-out drill holes. Intercepts include 11.35 meters of 4.19 grams per tonne (g/t) gold, 114 g/t silver and 5.53% zinc; 3.69 meters of 6.82 g/t gold, 225 g/t silver and 3.79% zinc; and 3.16 meters of 4.43 g/t gold, 184 g/t silver and 3.48% zinc. These new results expand the Switchback vein system which includes extending its total strike length to over 900 meters, an increase of 600 meters 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 $110 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 4 of the Arista Mine’s Arista vein system, drill Hole 517115 targeted the north-west extension of the Switchback vein system. This drill hole intercepted four individual mineralized veins over a 15-meter core length, extending the Switchback vein system’s strike length to the north-west (see map) by approximately 200 meters. The Arista Mine’s Switchback vein system remains open in all directions | |
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