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Gold Resource Corp.
Summary
| Project: | Oaxaca Mining Unit | |
|---|---|---|
| Deposit: | Mirador Mine | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 12/11/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-12-2019: Gold Resource Corp. announces an Exploration/Drilling Update report for its Mirador Mine deposit at the Oaxaca Mining Unit project. Drilling results incl. 3.72m @ 1.44g/t Au, 910g/t Ag from 119.28m. COLORADO SPRINGS – December 11, 2019 – Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – December 11, 2019 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the expansion its Mirador Mine with fifteen (15) exploration drill hole results from its 2019 Alta Gracia projects drill program located at its Oaxaca Mining Unit, Mexico. Highlights include 3.72 meters grading 1.44 grams per tonne (g/t) gold and 990 g/t silver, including 1.00 meter grading 2.84 g/t gold and 2,610 g/t silver in a step down hole to known mineralization. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $112 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery. The Alta Gracia Project, which hosts the Mirador Mine, is located approximately sixteen (16) kilometers north west of the Company’s Aguila Project and mineral processing plant. Highgrade Mirador ore is trucked to the Aguila mill for processing. The 2019 Alta Gracia drill campaign tested several step-out and in-fill target areas focused primarily on the Mirador mine’s Independencia West vein. In March 2019 the Company announced Mirador mine development crosscut six meters of the Independencia vein which graded 992 g/t silver. The goal of this latest drill campaign was to test the extensions of this high-grade ore shoot (see map below). | |
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