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Gold Resource Reports Positive Drill Results at DDGM With Potential to Improve the Near to Mid-Term Mine Plan
DENVER / Feb 28, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”, “We”, “Our” or “GRC”) confirms the potential to add high
About this update from Gold Resource Corporation
[{"type":"text","content":"DENVER / Feb 28, 2023 / Business Wire / Gold Resource Corporation (NYSE American: GORO) (the “Company”, “We”, “Our” or “GRC”) confirms the potential to add higher grade resources from the Three Sisters and Marena vein systems, as well as from the south-eastern deep extension of the Soledad and Sagrario vein systems where recent drill intercepts have identified precious and base metal mineralization within 100 to 120 meters from existing workings. “The results of the Q4 2022 drilling are very promising and have confirmed the ongoing 2023 drill program is on the right track to potentially deliver higher grade resources into the near- and mid-term mine plan,” stated Allen Palmier, President and CEO for the Corporation. “With improved access and ventilation our team can now aggressively continue with the underground infill and expansion drilling to follow-up these positive results.” Our 2023 exploration objectives are to identify and define mineral resources from the Three Sisters, South Soledad and Sagrario and Marena vein systems. We will also work to upgrade inferred resources by continuing to conduct infill drilling. See Exhibit 1: View of the Arista, Three Sisters and Switchback Deposits (looking north-west). Three Sisters Vein System The Three Sisters vein system is located between the Arista and Switchback vein systems. Drilling is currently underway, in the upper parts of Three Sisters, from recently built drill stations on Level 3 in the north-west Switchback system. The Three Sisters vein system continues to remain open to the north-west up-dip as well as at depth. Most notably, intercepts in Hole No. 522055 are significantly outside the current resource shell and were key in confirming the direction of the 2023 drill program. The 2023 drilling program will progress from Level 3 while 200 meters of additional drift development continues to the north-west where phase 2 drilling will take place in the second half of the year. Highlights from holes drilled in 2022 at Three Sisters are as follow: Hole No. 522004 (Sandy 2): 3.33 m @ 2.20 g/t Au, 874 g/t Ag, 0.65% Cu, 1.85% Pb, 2.99% Zn Includes: 1.41 m @ 4.60 g/t Au, 1820 g/t Ag, 1.32% Cu, 4.21% Pb, 6.79% Zn Hole No. 522053 (Sandy 1): 3.30 m @ 0.25 g/t Au, 41 g/t Ag, 0.07% Cu, 0.60% Pb, 3.59% Zn Includes: 1.07 m @ 0.75 g/t Au, 20 g/t Ag, 0.18% Cu, 0.94% Pb, 4.29% Zn Hole No. 52...