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Gold Resource Corp.
Summary
| Project: | Nevada Mining Unit | |
|---|---|---|
| Deposit: | Scarlet Target | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/29/2020 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-1-2020: Gold Resource Corp. announces an Exploration/Drilling Update report for its Scarlet Target deposit at the Nevada Mining Unit project. Drilling results incl. 24.38m @ 1.03g/t Au from 1.52m. COLORADO SPRINGS – January 29, 2020 – Gold Resource Cor | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | COLORADO SPRINGS – January 29, 2020 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced multiple ore grade intercepts from its maiden drill program at the “Scarlet” target located 400 meters north west of its operating Isabella Pearl mine in Mineral County, Nevada. Near surface ore grade gold intercepts included 24.38 meters grading 1.03 grams per tonne (g/t) gold only 1.52 meters from the surface. In addition, the Company also drilled holes within the Isabella Pearl deposit’s open pit mine to better define the oxide-sulfide boundary with positive results. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $113 million back 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 Scarlet target is located approximately 400 meters north west of the Company’s Isabella Pearl mine’s ultimate projected open pit boundary (see map). The Company previously collected numerous high-grade gold surface samples and mapped several structural trends at Scarlet coincident with existing structures in the Isabella Pearl Mine’s open pit. Scarlet is the first of many mineralized targets to the north west of the Company’s operating mine. Gold Resource Corporation controls over 10 kilometers of mineralized trend in this area along the Walker Lane Mineral Belt. | |
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