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Gold Resource Corporation (NYSE:GORO) announced that it has intercepted a new mineralization near the Arista deposit, in a stepout hole cutting 2.2 meters of 12.91 grams per tonne gold and 410 grams per tonne silver.

Gold Resource Corporation (NYSE:GORO) announced that it has intercepted a new mineralization near the Arista deposit, in a stepout hole cutting 2.2 meters of 12.91 grams per tonne gold and 410 grams per tonne silver.

As quoted in the press release:

Discovery hole number 513024 was drilled from the Arista deposit’s level 10 underground drill station. The hole was drilled to the northeast at a relatively shallow angle of -20 degrees. The Company targeted a parallel structure to the Arista deposit it calls the “Switchback” which had previously been mapped at the surface. At approximately 500 meters northeast a 14 meter wide (meters down hole, not true width) strongly mineralized vein was intercepted including 4.2 meters of 1.23 g/t Au, 125 g/t Ag, 0.66% Cu, 3.44% Pb 4.17% Zn .

Gold Resources’ President, Jason Reid, said:

As we continue to add to the various vein splays, such as splay #5 and splay #3 (now named the Santiago vein) on strike or parallel to the Arista deposit, we also target various parallel vein structures hundreds of meters from the deposit that could significantly extend the Arista system. This new mineralized vein discovery at Switchback, approximately 500 meters to the northeast, dramatically expands the Arista system’s potential.

To view the whole press release, click here. 

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