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Gold Resource Corporation substantially expands Arista mine

Thursday, January 12, 2017 6:57
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(Before It's News)

Gold Resource Corporation (NYSE MKT: GORO) has expanded the Switchback vein system at the Arista mine in Oaxaca state, Mexico.

A step-out intercept, drilled from underground at Arista, intercepted multiple high grade veins.

At least six veins were intercepted in one hole, significantly extending mineralisation to the northwest and extending the Switchback vein system from approximately 300 metres of strike length to over 500 metres.

Among the highlights from the drilling were 4.05m of 1.25 grams per tonne gold, 117 grams silver, 1% copper, 2.13% lead, 12.90% zinc, and 1.1m of 2.36 grams gold, 566 grams  silver, 0.55% copper, 0.70% lead, and 1.21% zinc.

“This is a powerful, growing epithermal vein system,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. 

“It is very exciting to intercept multiple, parallel high-grade veins with such a significant step-out drill hole.”

 

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/171548/gold-resource-corporation-substantially-expands-arista-mine-171548.html

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