Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com Radio: President Chris Blasi and Andy Schectman, and your host Chris Waltzek
By: radio.GoldSeek.com

Technical Scoop - Weekend Update Sep 24
By: David Chapman

Why Bubbles Form
By: Gary Savage

You're Likely A Lot Less Prepared For Crisis Than You Realize
By: Chris Martenson

Build Your Economic Storm Shelter Now
By: John Mauldin

In Marketing and in Markets, Don't be the Mark!
By: Gary Tanashian

The Morgan Report's Weekly Perspective
By: David Morgan

Ready To Turn
By: Warren Bevan

COT Gold, Silver and US Dollar Index Report - September 22, 2017
By: GoldSeek

Time To Lay Low
By: T. Ferguson

 
Search

GoldSeek Web

 
Gold Resource Corporation Intercepts Additional High Grade Gold at Gold Mesa, Nevada Including 6.10 Meters of 2.09 g/t

 -- Published: Thursday, 22 June 2017 | Print  | Disqus 

COLORADO SPRINGS, CO--(Marketwired - Jun 22, 2017) - Gold Resource Corporation ( NYSE MKT : GORO ) (the "Company") today announced drill highlights from its phase four drill campaign at the Gold Mesa exploration property located in Mineral County, Nevada. Drill highlights include near surface intercepts of 6.10 meters of 2.09 grams per tonne (g/t) gold and 6.10 meters of 1.20 g/t gold. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $109 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

 
Gold Resource Corporation Intercepts Additional High Grade Gold at Gold Mesa, Nevada Including 6.10 Meters of 2.09 g/t

Gold Resource Corporation's phase four reverse circulation drill campaign followed-up on two targets previously tested at its Gold Mesa property with multiple drill holes encountering near surface high-grade gold mineralization. The Company has tested a total of eight exploration targets at Gold Mesa.

Gold Mesa Drill Highlights include (m = meters, g/t = grams per tonne) (see full table attached):

Hole #GMA-121

  • 6.10m of 2.09 g/t gold, 10.67m downhole

incl. 3.05m of 3.56 g/t gold, 10.67m downhole
Hole #GMA-122

  • 4.57m of 0.97 g/t gold, 10.67m downhole

incl. 3.05m of 1.34 g/t gold, 10.67m downhole
Hole #GMA-127

  • 4.57m of 1.08 g/t gold, 13.72m downhole

incl. 3.05m of 1.55 g/t gold, 13.72m downhole
Hole #GMA-132

  • 6.10m of 1.20 g/t gold, 10.67m downhole

incl. 1.52m of 3.13 g/t gold, 13.72m downhole
Hole #GMA-141

  • 3.05m of 1.48 g/t gold, 22.86m downhole

Hole GMA-121 was drilled vertical intercepting 6.10 meters grading 2.09 g/t gold and 170 g/t silver with mineralization beginning 10.67 meters downhole; including 3.05 meters grading 3.56 g/t gold and 282 g/t silver.

Hole GMR-122 was drilled vertical intercepting 4.57 meters grading 0.97 g/t gold and 185 g/t silver with mineralization beginning 10.67 meters downhole; including 3.05 meters grading 1.34 g/t gold and 242 g/t silver.

Hole GMA-127 was drilled vertical intercepting 4.57 meters grading 1.08 g/t gold with mineralization beginning 13.72 meters downhole; including 3.05 meters grading 1.55 g/t gold.

Hole GMA-132 was drilled vertical intercepting 6.10 meters grading 1.20 g/t gold with mineralization beginning 10.67 meters downhole; including 1.52 meters of 3.13 g/t gold. 

Hole GMA-141 was drilled vertical intercepting 3.05 meters grading 1.48 g/t gold with mineralization beginning 22.86 meters downhole.

Gold Mesa phase four drill results reported in this press release add to previously reported high-grade drill results, which included 33.54 meters grading 1.89 g/t gold, 15.24 meters grading 6.27 g/t gold, 12.19 meters grading 2.42 g/t gold, 9.1 meters grading 2.42 g/t gold, and 12.19 meters grading 3.34 g/t gold (see press releases dated June 14, 2016, October 13, 2016 and March 21, 2017). The Gold Mesa property has potential for a high-grade gold open pit, or multiple gold open pits, with surface and near surface mineralization. A phase five drill program is currently underway, with a goal of expanding known high-grade gold zones and testing new targets.

Mr. Barry Devlin, Vice President of Exploration, stated, "We have now completed four successful phases of shallow drilling at Gold Mesa, where each phase encountered significant surface and near surface gold values, at depths typically less than 30 meters below surface. We are excited to again be drilling the Gold Mesa property, with a goal to expand known mineralized zones."

The Gold Mesa property is part of the Company's Nevada Mining Unit, which also includes the development stage Isabella Pearl Project, the Mina Gold exploration property, and the East Camp Douglas exploration property. All four Nevada properties have surface and / or near surface high-grade gold drill intercepts and potential for future high-grade open pit heap leach operations. The Isabella Pearl Project is in advanced stage design, engineering and permitting with the goal of production at the earliest possible point in time. The Company's Nevada Mining Unit covers more than 27,000 acres in south central Nevada's historic Walker Lane Mineral Belt.

About GRC:

Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital with operations in Oaxaca, Mexico and Nevada, USA. The Company has 56,839,823 shares outstanding, zero warrants and has returned $109 million back to shareholders since commercial production commenced July 1, 2010. Gold Resource Corporation offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.


| Digg This Article
 -- Published: Thursday, 22 June 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus







 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.