Business
Gold Resource Corporation Q2 2021 Drill Results Adds Mineralized Material
DENVER, CO / ACCESSWIRE / August 9, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") has confirmed the up-dip extensi
About this update from Gold Resource Corporation
[{"type":"text","content":" DENVER, CO / ACCESSWIRE / August 9, 2021 / Gold Resource Corporation (NYSE American:GORO) (the \"Company\", \"We\", \"Our\" or \"GRC\") has confirmed the up-dip extension of the Switchback vein system, approximately 30 meters (two mine levels) above the existing mine workings and has intersected additional mineralization outside of current mining areas which provides the Company with the opportunity to potentially develop a new mineralized zone. Mr. Allen Palmiere, President and CEO of Gold Resource Corporation. \"The results of drilling completed in the first half of 2021 have confirmed the potential for identifying new resources at the Don David Gold Mine. The focus of our geologists, has been to explore new areas and to continue identifying additional mineralization along strike and up-dip at shallower elevations above the current mine workings.\" Mr. Nick Suter, Interim Vice President, Exploration commented, \"Confirmation of the continuity of the robust Sandy vein at higher levels presents an opportunity to develop a new mineralized zone in the more easily accessible northern part of the Arista mine. Our objectives going forward continue to be to test these zones and extensions in order to expand resources of this growing system, as well as continue infill drilling to upgrade mineralized material to measured and indicated mineral resources.\" Switchback drill highlights include: Hole # 521013: 5.37 m grading 1.51 g/t gold, 95 g/t silver, 0.21% copper, 1.22% lead, 1.84% zinc incl. 2.90 m grading 2.61 g/t gold, 155 g/t silver, 0.25% copper, 2.07% lead, 3.00% zinc Hole# 521014: 0.78 m grading 0.82 g/t gold, 640 g/t silver, 0.24% copper, 0.24% lead, 0.84% zinc Hole# 521015: 1.55m grading 0.01 g/t gold, 2,610 g/t silver, 0.31% copper, 0% lead, 0% zinc Hole # 521018: 0.36 m grading 4.45 g/t gold, 4,460 g/t silver, 0.03% copper, 1.05% lead, 2.36% zinc The first two holes drilled from an underground exploration drill station located in a development ramp of the mine's Switchback vein system, confirmed the up-dip extension of the Switchback vein system, approximately 30 meters (two mine levels) above the existing mine workings. These intersections extend near mine up-dip continuity further to the west-northwest, with both the Soledad and Selene veins intersected. The latter two drill holes, drilled from a drill station located in a...