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Gold Resource Corp.
Summary
| Project: | Nevada Mining Unit | |
|---|---|---|
| Deposit: | Isabella Pearl | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 4/19/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 19-4-2018: Gold Resource Corp. announces a Resource Estimation report for its Isabella Pearl deposit at the Nevada Mining Unit project. Initial mineral resource estimate for project. COLORADO SPRINGS – April 19, 2018 – Gold Resource Corporation (NYSE Amer | |
| Resources: | (Reserve, P+P): 2.6945Mt @ 2.22g/t Au, 13g/t Ag | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – April 19, 2018 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced its maiden mineral reserve for the Isabella Pearl gold project located in Mineral County, Nevada, increasing its Company-wide gold reserves by 135%. 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. Proven and probable reserves included in the Isabella Pearl reserve report (with a drill data cutoff date of December 31, 2017) include 2,694,500 tonnes grading 2.22 grams per tonne (g/t) gold and 13 g/t silver, equating to 192,600 gold ounces and 1,129,100 silver ounces (see table below). When combined with the Oaxaca Mining Unit’s December 31, 2017 mineral reserve, Company-wide proven and probable reserve tonnes now total 5,195,600, an increase of 108%, while gold ounces in the proven and probable category total 335,000, an increase of 135%. | |
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