Gold Resource Corporation Stakes Additional Gold Mesa Nevada Claims

Gold Resource Corporation (NYSE:GORO) announced that it has staked additional claims that more than double the Gold Mesa gold bearing property in Nevada.
As quoted in the press release:

The Company has filed claim papers with the Department of the Interior BLM and the Mineral County Recorder covering an area of approximately 2,800 acres consisting of 140 unpatented claims which surround the original Gold Mesa property in south central Nevada’s Walker Lane Mineral Belt in Mineral County, Nevada, which was recently optioned by the Company. The newly staked claims more than double the land position at the Gold Mesa property, which now consists of a total of 4,580 acres significantly adding to the Company’s Nevada Mining Unit exploration potential.
A small portion of Gold Mesa property claims were mined historically as an underground mine in the early 1900’s and as an open pit mine in the late 1980’s. More recently, as reported in Gold Resource Corporation’s news release dated December 1, 2015, prior surface drilling on the property returned significant gold grades near surface, including 2.42 grams per tonne (g/t) gold over 9.1 meters starting at 7.6 meters down hole and 1.72 g/t gold over 18.3 meters starting at 36.6 meters down hole. These grades are in line with surface samples taken by the Company running as high as 2.51 g/t gold (assayed by ALS USA Inc., Reno, Nevada). The property has potential for a high grade gold open pit, or multiple gold open pits with mineralization at shallow depths below surface.
The Company is evaluating a spring 2016 drill campaign at Gold Mesa with a goal of extending known gold mineralization through infill and step-out drill holes. If future drill programs are deemed successful, the Company would consider making a production decision as soon as possible.

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

We believe this additional land position at Gold Mesa provides shareholders significant exploration upside with what is now a much larger property position. We took advantage of the current bear market in metals and were able to stake these additional claims. We are excited about the critical mass building as we prepare to drill this property to test the expansion potential of previous high-grade gold drill intercepts near surface.

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

Our team has been very active on the exploration front the last few years making boots on the ground site visits in the United States, Mexico and as far south as Chile. The Gold Mesa property satisfies all of our evaluation criteria for an advanced stage gold exploration project, and we are quite fortunate to have staked additional claims surrounding the property. The expanded land position covers structural trends and extensions of potential gold mineralization occurring as multiple stockwork vein systems and jasperoidal horizons.

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