Gold Resource Corporation Announces Drill Results from Oaxaca Mining

Gold Resource Corporation (NYSE:GORO) announced high-grade drill results from three of its six properties within its Oaxaca Mining unit in Mexico. The Company is also progressing towards 2016 mill feed from Alta Gracia and an Aguila mill agitated leach circuit startup.
As quoted in the press release:

Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) announced high-grade drill results from three of its six properties within its Oaxaca Mining unit. The Company is also progressing towards 2016 mill feed from Alta Gracia and an Aguila mill agitated leach circuit startup. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $105 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.

Mr. Barry Devlin, Vice President of Exploration, stated:

“The recent drill results from Alta Gracia, Las Margaritas and the northerly extension of the open pit on the Aguila Project continue to define high grade gold and silver mineralization along the San Jose structural fault corridor. With the Company now controlling over 55 kilometers of this largely unexplored prospective corridor, we are very excited with these continued high-grade results underscoring the corridors potential.” “While we continue to drill high-grade along our mineralized corridor, we are excited to be delineating mineralization at Alta Gracia for potential agitated leach mill feed,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid. “It is particularly exciting to be working towards near-term production from a second property as we work to permit Alta Gracia. Since we plan to access the mineralization from existing artisanal portals and drifts and truck the material offsite for processing at our Aguila mill, we expect our Alta Gracia footprint and impact of operations to be less than typically encountered in mining operations. As a result, we are optimistic that the Alta Gracia permitting process could be far less arduous and perhaps more timely than other permitting scenarios. Assuming the Company successfully secures its agreements and permits, mineralized material feed from Alta Gracia to our mill’s agitated leach circuit is targeted to commence in 2016, and any additional gold and silver production would add to the Company’s existing production profile.”