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Gold Resource Corporation (NYSE:GORO) announced new Switchback drill highlights from its El Aguila Project’s Arista Mine including 6.32 meters of 5.87 grams per tonne (g/t) gold, 139 g/t silver, 0.58% copper, 5.00% lead and 8.14% zinc.
Gold Resource Corporation (NYSE:GORO) announced new Switchback drill highlights from its El Aguila Project’s Arista Mine including 6.32 meters of 5.87 grams per tonne (g/t) gold, 139 g/t silver, 0.58% copper, 5.00% lead and 8.14% zinc.
As quoted in the press release:
Hole 515103 intercepted three parallel veins, including the Soledad vein which returned 6.32 meters grading 5.87 g/t gold, 139 g/t silver, 0.58% copper, 5.00% lead and 8.14% zinc; including 1.78 meters grading 4.77 g/t gold, 320 g/t silver, 0.51% copper, 12.60% lead and 16.53% zinc (see table below). Additional higher-grade precious and base metals within the 6.32 meter section included 0.90 meters of 23.20 g/t gold, 125 g/t silver, 1.66% copper, 2.83% lead and 3.96%.
Hole 515107 intercepted four parallel veins, including the Soledad vein which returned 3.21 meters grading 3.30 g/t gold, 245 g/t silver, 0.36% copper, 4.70% lead and 13.94% zinc; including 1.22 meters grading 5.98 g/t gold, 542 g/t silver, 0.30% copper, 9.78% lead and 19.04% zinc.
These drill results extend known Switchback mineralization to its highest elevation to date. The mineralized horizon at Switchback has been tested over a 450-meter strike and more than 450- meter depth and remains open on strike and depth.
Our epithermal Arista Mine continues to deliver multiple parallel, high-grade polymetallic veins in both the mine’s Arista vein system, as seen in recent results announced January 19, 2016, and in the mine’s Switchback vein system noted in the high-grade drill results above. The 2016 exploration program’s primary goal is to continue expanding the Arista Mine’s mineralization at both the Arista and Switchback vein systems. As we continue to drill and expand Switchback along both strike and depth, we look forward to planned Switchback mine development advancing to a point in which we can touch the mineralized veins and potentially convert Switchback mineralized material into proven and probable reserves for 2017.
Gold Resource Corporation CEO and President, Jason Reid, stated:
We are pleased to continue to intercept high-grade mineralization expanding the Arista Mine’s Switchback vein system. It is great to see Switchback development take place with these first two access drifts. We are excited at the prospect, drift advancement and mine development permitting, to have mill feed later this year from this large new area of the Arista Mine. More importantly, we are planning to develop the Switchback veins on multiple levels prior to initiating bulk mining methods to position the Company with greater production optionality in the future.
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