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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: | 6/28/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-6-2017: Gold Resource Corp. announces an Exploration/Drilling Update report for its Aguila - Arista Mine deposit at the Oaxaca Mining Unit project. Drilling results incl. 5.08m @ 3.20g/t Au, 261g/t Ag, 1.33% Cu, 4.33% Pb, 11.85% Zn. COLORADO SPRINGS – | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – June 28, 2017 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) today announced the continued expansion of its Arista Mine’s Switchback vein system with additional step-out drill intercepts at the Company’s Aguila Project. These new drill results extend the known mineralization at Switchback to the southeast by approximately 50 meters on strike and elevation, intercepting multiple veins including 2.33 meters of 6.16 grams per tonne (g/t) gold, 453 g/t silver and 9.29% zinc, within a wider intercept of 5.08 meters of 3.20 g/t gold and 261 g/t silver and 11.85% zinc. The Switchback system’s total strike length now exceeds 625 meters and remains open in all directions. 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. Four drill holes from an underground drill pad on level 23 targeted the southeast extension of the Switchback vein system (see map). Each drill hole intercepted high-grade polymetallic mineralization extending the Switchback vein system to the southeast by approximately 50 meters on strike and elevation. Including the drill results reported in this press release, the Switchback system’s total strike length is now over 625 meters, a 325 meter strike expansion since January 1, 2017. The Switchback vein system remains open in all directions. | |
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