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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: | 8/23/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-8-2016: Gold Resource Corp. announces an Exploration/Drilling Update report for its Aguila - Arista Mine deposit at the Oaxaca Mining Unit project. Drilling results incl. 8.19m @ 9.07g/t Au, 75g/t Ag, 1.80% Cu, 3.41% Pb, 8.78% Zn. Colorado Springs – Au | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Colorado Springs – August 23, 2016 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) today announced additional Switchback drill results from its Arista Mine at the Aguila Project. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 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. Hole 516118 was an infill intercepting three parallel veins, including the footwall of the Soledad vein which returned 8.19 meters grading 9.07 g/t gold, 75 g/t silver, 1.80% copper, 3.41% lead and 8.78% zinc; including 4.61 meters grading 15.84 g/t gold, 80 g/t silver, 2.75% copper, 5.07% lead and 11.61% zinc. Hole 516120 was an infill intercepting five parallel veins, including the Soledad vein which returned 7.96 meters grading 6.90 g/t gold, 618 g/t silver, 0.80% copper, 1.20% lead and 2.50% zinc; including 0.92 meters grading 18.15 g/t gold, 1,985 g/t silver, 0.83% copper, 1.76% lead and 3.40% zinc. The hanging wall of the Soledad vein returned 4.59 meters grading 4.16 g/t gold, 55 g/t silver, 0.77% copper, 2.80% lead and 3.59% zinc. The Silvia vein returned 4.93 meters grading 3.65 g/t gold, 42 g/t silver, 0.59% copper, 1.24% lead and 9.36% zinc. The Sagrario vein returned 11.10 meters grading 1.98 g/t gold, 76 g/t silver, 0.25% copper, 0.77% lead and 1.78% zinc. Hole 516124 was an infill intercepting seven parallel veins, including the Silvia vein which returned 5.04 meters grading 1.47 g/t gold, 105 g/t silver, 1.04% copper, 1.01% lead and 6.39% zinc. | |
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