Gold Resource Corporation (NYSE:GORO) announced it has commenced its first exploration drill campaign at the Gold Mesa property located in Mineral County, Nevada.
The Bureau of Land Management approved a permit granting Gold Resource Corporation access to 30 drill sites on the Gold Mesa property. The initial exploration drill program will consist of approximately 2,000 meters of drilling, with a goal of extending previously known near surface gold mineralization through infill and step-out drill holes.
Historic drill intercepts include (as reported in Gold Resource Corporation’s news release dated December 1, 2015):
- 2.42 g/t Au & 94 g/t Ag over 9.1 m starting 7.6 m down hole, including 8.14 g/t Au & 45 g/t Ag over 1.5 m
- 1.72 g/t Au over 18.3 m starting 36.6 m down hole, including 8.92 g/t Au & 25 g/t Ag over 3.0 m
- 2.34 g/t Au over 6.1 m starting 3.0 m down hole
The 4,580 acre Gold Mesa property is located in south central Nevada’s Walker Lane Mineral Belt in Mineral County, Nevada. A small portion of the Gold Mesa property was mined historically as an underground mine in the early 1900’s and as an open pit mine in the late 1980’s. The Gold Mesa property has potential for a near surface high-grade gold open pit, or multiple gold open pits.