Gold Resource Corporation Intercepts High Grade Gold At Gold Mesa, Nevada

Gold Resource Corporation (NYSE:GORO) announced drill highlights from its first drill campaign at the Gold Mesa exploration property located in Mineral County, Nevada. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
As quoted in the press release:

Gold Resource Corporation acquired an option on the Gold Mesa, Nevada property in December 2015. The Gold Mesa property covers an area of approximately 4,580 acres in south central Nevada’s Walker Lane Mineral Belt in Mineral County, Nevada. A small portion of Gold Mesa property claims were mined historically as an underground mine in the early 1900’s and as a small open pit mine in the late 1980’s. Historic drill results from Gold Mesa include 2.42 g/t gold and 94 g/t silver over 9.1 meters starting 7.6 meters downhole, 1.72 g/t gold over 18.3 meters starting 36.6 meters downhole, and 2.34 g/t gold over 6.1 meters starting 3.0 meters downhole (see Gold Resource Corporation’s news release dated December 1, 2015 for additional details on historic drilling).
The phase one drill results reported in this press release confirm the high-grade nature of the Gold Mesa property. The property has potential for a high grade gold open pit, or multiple gold open pits, with mineralization at shallow depths below surface. A phase two drill program is currently being evaluated for the second half of 2016, with a goal of expanding the high-grade gold zones reported in this press release and testing new areas of the property.

Gold Resource Corporation Vice President of Exploration, Barry Devlin, stated:

We are quite pleased with the results of our first round of drilling at Gold Mesa. We were drawn to this property because of the historic high-grade gold drill intercepts, and this first round of drilling has confirmed significant intervals of high-grade gold occur at shallow depths at Gold Mesa. A second phase of drilling is currently being evaluated to follow-up on four high-grade gold zones established during this first round of drilling, as well as to test new areas of the property that have seen little or no previous drilling.

Gold Resource Corporation President and CEO, Jason Reid, stated:

Fifteen meters of over six grams per tonne gold, starting just nine meters down hole delivered the high-grade gold open pit potential we were looking for. We look forward to building on these initial drill results with the goal to delineate enough mineralization to ultimately make a future production decision.

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