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Gold Resource Announces 2024 Drill Results
New Vein System With Higher Grades Adds to Future Potential DENVER / Apr 03, 2025 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Compan
About this update from Gold Resource Corporation
[{"type":"text","content":"New Vein System With Higher Grades Adds to Future Potential DENVER / Apr 03, 2025 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”) is pleased to announce a summary of the 2024 exploration drill results at the Companies Don David Gold Mine (“DDGM”) in Oaxaca, Mexico. “We are excited to share the positive results of our 2024 exploration drilling program that indicate that the Three Sisters and Gloria vein systems will be significant contributors to our future resource at Don David,” stated Allen Palmiere. “The discovery and definition of the system is exciting and is a testament to our team's dedication and expertise. These new vein systems have the potential to not only add to our resource potential but to also will enhance our bottom line with improved accessibility and reduced production costs. Underground development has recently intersected the system and the sample results thus far have confirmed the previous drill results. We remain committed to developing this system into the future mine plan and further advancing our exploration efforts with the goal of maximizing shareholder value and organic growth.” 2024 EXPLORATION SUMMARY The 2024 exploration drill program focused on underground infill and expansion drilling within the Three Sisters and Gloria vein systems as well as in veins of the North Arista system. Significant vein widths and grades identified through drilling have reinforced the emergence of the Three Sisters and Gloria systems as a major third vein system at DDGM, located between and north of the Arista and Switchback systems. The program yielded encouraging results, which were included in the updated S-K 1300 Technical Report Summary for DDGM released on March 5, 2025 (the “Report”), further demonstrating the potential of these vein systems. The Company believes that the mine has significant potential to generate positive cash flow from the new areas of Three Sisters and Gloria, as well as other areas that have been discovered near the existing mining zones. These new vein systems offer easily accessible resources, situated close to the current mine portal and at significantly higher elevations than current production areas. The location of these vein systems should result in reduced haulage costs and reduced total production costs. In order to develop access and better define...