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Gold Resource Corp.
Summary
| Project: | Nevada Mining Unit | |
|---|---|---|
| Deposit: | Scarlet | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/11/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-5-2020: Gold Resource Corp. announces an Exploration/Drilling Update report for its Scarlet deposit at the Nevada Mining Unit project. Drilling results incl. 12.19m @ 1.43g/t Au from 19.81m. COLORADO SPRINGS – May 11, 2020 – Gold Resource Corporation ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – May 11, 2020 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced multiple ore grade intercepts from its phase two drill program at the “Scarlet” target located 400 meters north west of its operating Isabella Pearl mine in Mineral County, Nevada (see map). Near surface ore grade gold intercepts included 12.19 meters grading 1.43 grams per tonne (g/t) gold, including 3.05 meters grading 4.02 g/t gold, expanding on phase one drill results reported earlier in January 2020 which included 24.38 meters grading 1.03 g/t gold. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $114 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. The Company previously collected numerous high-grade gold surface samples at Scarlet, mapped several structural trends coincident with existing structures in the Isabella Pearl Mine’s open pit, and reported on a successful phase one drill program in January 2020. Scarlet is the first of many mineralized targets to the north west of the Company’s operating mine. Gold Resource Corporation’s Isabella Pearl property controls 10-kilometers of mineralized trend in this area along the Walker Lane Mineral Belt | |
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