Gold Resource Corp GORO

Metals & Mining Gold

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. The Company is focused on its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico, and to develop the Back Forty Project in Michigan, United States. Its Back Forty Project has a polymetallic (gold, silver, copper, lead, and zinc) Volcanogenic Massive Sulfide deposit. At its Don David Gold Mine, it has 100% interest in six properties, including two production stage properties and four exploration stage properties, located in Oaxaca, Mexico, along the San Jose structural corridor. Its properties span 55 continuous kilometers of this structural corridor. Its two production stage properties include Arista and Alta Gracia Mines. Its four exploration properties include Margaritas Property, Chamizo Property, Fuego Property and Rey Property. The Fuego property consists of approximately 2,554 hectares.

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Post by whatdoyouthinkon Jun 01, 2020 9:08am

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Post# 31095457

Todays news from Isabella Pearl

Isabella Pearl Mine Advances Into Pearl Zone

The Isabella Pearl mine has advanced to a point where mining benches have exposed the upper level of Pearl zone alteration, revealing the ore zone to be mined over the next four plus years. Eighty percent of the gold ounces in the deposit are located in the Pearl zone.

To date, the Company has mined primarily from the lower and varying grades at the Isabella zone and only recently reached the Pearl zone mineralization which hosts approximately $300 million in gold reserves (at $1,700 per ounce gold). Initial grades in these upper Pearl benches reached 2.7 grams per tonne gold in an area the resource model estimated 1.5 grams. The life of mine average gold grade in the Pearl zone is estimated to be 4 grams per tonne.

As continued advancement of the deeper Pearl benches yield additional tonnes of high-grade gold ore, the Company targets a gold production ramp up through the third and fourth quarters of 2020.