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Gold Resource Corporation Drills High-grade Gold Including 24.38 Meters Grading 1.03 G/T At Scarlet Target Adjacent To Isabella Pearl Mine
COLORADO SPRINGS, Colo., Jan. 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced mu
About this update from Gold Resource Corporation
[{"type":"text","content":" COLORADO SPRINGS, Colo., Jan. 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – 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. Scarlet’s maiden drill program focused on a small portion of the overall Scarlet target area. This small portion lies within the current permitted Isabella Pearl mine project development area. Eleven holes returned near surface ore grade intercepts with the widest and strongest mineralization occurring to the north west (see map below). In addition to this drill program, the Company recently received its Notice of Intent permit to drill outside of the permitted Isabella Pearl mine plan area. The Company targets to test the north west extensions of this Scarlet mineralization during the 2020 exploration year. Scarlet drill highlights from the maiden fall 2019 drill campaign include the following intercepts (m = meters, g/t = grams per tonne) (see full tables below): Hole # IPRC-110 – Scarl...