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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Gold Resource Corp

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Post by 2511MacDonaldon May 15, 2016 6:08pm

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Post# 24875275

Higher Grade Ore - Q3 - Q4

Mr. Barry Devlin, Vice President of Exploration, stated, "Exploration at Switchback continues to deliver impressive results defining high-grade polymetallic mineralization over multiple parallel veins. These latest drill results also include some of the widest intercepts we have seen to date in the Switchback swarm of veins. Our exploration team's goal for Switchback is to continue drilling the extensions of this expanding epithermal system. If we reach the Switchback veins with development in time for the next reserve update, we target a conversion of a portion of Switchback's mineralized material into proven and probable reserves."

"The substantial vein widths and continued high-grade mineralization in these latest Switchback drill results further substantiate our belief that the Arista Mine is part of a very large and powerful epithermal system," stated Gold Resource Corporation's CEO and President, Mr. Jason Reid. "Expansion of this system should provide for longevity of operations at our producing Arista mine along with other potential mines in this large system like Alta Gracia from which we target near-term production as well. We continue to advance Arista mine development targeting first Switchback ore feed for the Aguila mill during the second half of 2016."

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