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Gold Resource Reports Continued Positive Drill Results at Don David Gold Mine
DENVER / Sep 12, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”, “we”, “our” or “GRC”) is pleased to provide an update on
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Sep 12, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”, “we”, “our” or “GRC”) is pleased to provide an update on its ongoing 5 drill, 2023 expansion and infill diamond drill programs at the Don David Gold Mine (“DDGM”) which continues to return positive results that indicate the potential for easily accessed resources in three different areas of the underground mine: 1) the step-out drilling north-west of the Arista deposit and 2) the infill drilling in the central-north Switchback deposit, and 3) the definition drilling of new resources in the recently discovered Three Sisters and Gloria vein systems that is situated between Arista and Switchback. “We are more encouraged each quarter, with this year’s drilling campaign at DDGM that continues to yield positive results and supports our long-term exploration investment strategy to increase the mine life by identifying resources that have the potential to be converted into reserves for our near- and mid-term mine plan,” stated Allen Palmiere, President and CEO for the Company. Following are highlighted year-to-date Q3 2023 drill results, including Net Smelter Return1 (“NSR”) values and down-hole core lengths2. Additional favorable results are available in the body and tables of this release: Hole No. 523035: Switchback Vein System 8.01 m with NSR value of $223/t Includes: 1.11 m with NSR value of $662/t Hole No. 523037: Switchback Vein System 7.57 m with NSR value of $153/t Includes: 1.05 m with NSR value of $570/t 3.87 m with NSR value of $231/t Includes: 0.93 m with NSR value of $381/t Hole No. 523042: Gloria/Three Sisters Vein Systems 6.21 m with NSR value of $223/t Includes: 0.76 m with NSR value of $486/t Hole No. 523046: Switchback Vein System 4.08 m with NSR value of $290/t Includes: 1.23 m with NSR value of $473/t Five underground diamond drill rigs are currently operating at DDGM where more than 100 drill holes and 25,000 meters of core has been drilled year-to-date in 2023. The program continues to advance our 2023 exploration objectives of identifying new mineralization and defining and upgrading additional mineral resources that were identified during the previous drilling campaign. These drill results will be incorporated into a 2023 resource estimate update. Preliminary calculations show a positive increase in tonnage wi...