Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Gold Resource Corp eyeing Mexico mine expansion after latest exploration drill results

% of readers think this story is Fact. Add your two cents.

Gold Resource Corporation (NYSEAMERICAN:GORO) (FRA:GIH), the Mexico-focused miner, revealed exploration drilling had hit further mineralization above areas which are currently being exploited at its Aguila project. 

In the drilling underground from two stations at the so-called Don David mine, one in the footwall development ramp of the mine’s Switchback vein system and the other 500 meters (m) to the northeast of the Arista vein system, 12 holes confirmed the northern strike and up-dip extensions of the mineralized system. 

READ: Gold Resource Corp looking to reinvest capital into Mexico operation as it ends 2020 in strong cash position

Highlight assays included 11.83m at 17.56 grams per ton (g/t) gold, 99 g/t silver, 0.78% copper, 3.73% lead and 6.31% zinc. Another hold hit 9.97m grading 4.43 g/t gold, 88 g/t silver, 0.r35% copper, 0.84% lead and 3.24% zinc.

“I recently had the opportunity to visit the Don David Mine and see first-hand the impressive Switchback and Arista vein systems,” said Allen Palmiere, CEO of GORO in a statement.

“These drill results, which I expect will add resources to the mineral inventory, underscore the reasons for my attraction to Gold Resource Corporation and its highly prospective ground package.”

He added: “These recent drill results support the company’s renewed commitment to invest in Oaxaca, Mexico. Our exploration team continues to do an excellent job working to expand the Don David Mine’s high-grade mineralization.”

Barry Devlin, VP of exploration added: “Our objective is to continue to test these extensions and expand resources of this growing system, as well as infill drilling to upgrade mineralized material to proven and probable reserves. We are also encouraged by the higher precious and lower base metal grades at this elevation, clearly indicating we are higher in the Switchback vein system.”

The company has undergone a shift in focus recently. Having been a company with producing operations in Nevada and Mexico, it spun out its Nevada unit into a separate public company and is focused solely on Mexico.

Allen Palmiere became the new chief executive at Mexico-focused GORO, who is an experienced mining industry executive.

Contact the author at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.