Market Overview

Gold Resource Corporation Extends Arista Vein System High-Grade With Intercepts Including 2 Meters of 6.68 g/t Gold and 864 g/t Silver

Share:

COLORADO SPRINGS, Colo., April 09, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE:GORO) (the "Company") today announced the northwest expansion of the Arista Mine's Arista vein system with twelve additional step-out and infill drill holes.  Intercepts include 2.00 meters of 6.68 grams per tonne (g/t) gold and 864 g/t silver; 2.08 meters of 1.98 g/t gold and 1,583 g/t silver; and 1.55 meters of 9.36 g/t gold and 75 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 $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.

Gold Resource Corporation
Gold Resource Corporation



From two underground exploration drill pads located on level 4 in the Arista Mine's Arista vein system, twelve drill holes intercepted multiple veins including Splay 31, Santa Cecilia, Alta and additional new veins yet to be named (see table and map below).  These drill holes extend the known mineralization of the Arista vein system along strike to the northwest and both up and down-dip.  The veins in this area of the Arista Mine remain open.

Drill highlights include (m=meters, g/t=gram per tonne; full drill table below):

Hole# 517110, step-out hole extending Splay 31 strike length by 50 meters to northwest:

  • 1.55m of 9.36 g/t gold, 75 g/t silver, 0.28% copper, 0.24% lead, 0.55% zinc
    incl. 0.30m of 34.40 g/t gold, 48 g/t silver, 0.22% copper, 0.31% lead, 0.70% zinc

Hole# 517111, step-down hole extending Santa Cecilia down-dip by 55 meters to the northwest:

  • 8.92m of 1.68 g/t gold, 51 g/t silver, 0.34% copper, 3.06% lead, 8.91% zinc
    incl. 1.59m of 5.21 g/t gold,  98 g/t silver, 0.63% copper, 5.04% lead, 9.69% zinc

Hole# 517138, step-up hole extending Splay 31 up-dip by 65 meters above previously mined stopes to the southeast:

  • 5.50m of 2.96 g/t gold, 436 g/t silver, 0.29% copper, 0.10% lead, 0.22% zinc
    incl. 2.00m of 6.68 g/t gold, 864 g/t silver, 0.44% copper, 0.14% lead, 0.19% zinc
 
ARISTA VEIN SYSTEM DRILL RESULTS
April 2018
Hole # Angle Vein   From Interval Au Ag Cu Pb Zn
deg   Meters Meters g/t g/t % % %
517110 -7 Splay 31   211.95 1.55 9.36 75 0.28 0.24 0.55
Incl. 211.95 0.30 34.40 48 0.22 0.31 0.70
517111 -19 Santa Cecilia   243.03 8.92 1.68 51 0.34 3.06 8.91
Incl. 243.03 1.44 0.39 41 0.38 7.97 23.40
Incl. 249.01 1.59 5.21 98 0.63 5.04 9.69
Incl. 251.36 0.59 3.85 112 0.67 5.01 10.35
517116 -26 Splay 31   224.10 2.10 2.40 43 0.44 1.96 11.44
Incl. 224.10 0.23 1.16 98 1.39 8.01 19.70
Vein   229.60 0.90 0.33 121 1.78 3.09 11.55
517117 -25 Splay 31   223.00 1.24 1.24 76 0.18 7.48 16.42
Vein   232.59 0.74 0.29 93 0.16 3.01 6.36
Vein   291.43 0.87 0.03 53 1.95 1.06 2.25
517118 -23 Splay 31   221.59 4.39 1.97 117 0.48 1.72 7.66
Incl. 222.78 1.27 5.22 102 0.37 3.28 15.20
Vein   259.80 0.62 0.21 72 1.34 1.04 2.81
Vein   265.81 1.39 0.46 69 0.25 1.52 10.45
517134 12.5 Splay 31   68.40 0.28 23.00 3,060 0.74 2.48 3.96
517135 -5.5 Vein   11.83 0.37 0.72 483 0.27 0.07 0.44
517136 27 Splay 31   80.67 1.38 0.36 150 0.41 1.97 11.30
517138 27.5 Vein   103.25 0.60 0.22 446 0.18 0.40 1.25
Splay 31  
View Comments and Join the Discussion!