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Gold Resource Corp.
Summary
| Project: | Oaxaca Mining Unit | |
|---|---|---|
| Deposit: | Arista Mine | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 5/28/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-5-2019: Gold Resource Corp. announces an Exploration/Drilling Update report for its Arista Mine deposit at the Oaxaca Mining Unit project. Drilling results incl. 11.95m @ 1.04g/t Au, 494g/t Ag, 0.14% Cu, 0.42% Pb, 1.09% Zn. COLORADO SPRINGS – May 28, 2 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – May 28, 2019 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the continued expansion of the Arista Mine’s Switchback vein system. High-grade mineralization intercepted 175 meters along the northern strike and 200 meters up-dip in vertical elevation significantly expanding the Arista Mine. Drill intercepts include 11.95 meters of 1.04 grams per tonne (g/t) gold and 494 g/t silver, including 2.50 meters of 2.68 g/t gold and 1,420 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 consecutive monthly dividends since July 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 station located approximately 200 meters to the northeast of the Arista Mine’s Arista vein system, eight (8) drill holes tested the northern strike and up-dip extensions of the Switchback vein system. Multiple en echelon veins were encountered, extending the known mineralization at Switchback both along strike and up-dip to higher elevations (see map). | |
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