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Gold Resource Corp finds more high grades at its Gold Mesa property

GORO has reported more positive drill findings from its phase five drill campaign at the Gold Mesa property in Nevada. .
Gold Resource Corp finds more high grades at its Gold Mesa property
Pictured is gold veining

Precious metals producer Gold Resource Corporation (NYSE:GORO) reported more positive drill findings from its phase five drill campaign at the Gold Mesa property in Nevada.

The latest assays continue to show high grades at or near the surface, the firm said.

Highlights included an intercept of 9.14m (meters) of 1.59 g/t (grams per ton) gold from surface, including 4.57m of 2.85 g/t gold from surface

Barry Devlin, the vice president of exploration, said: "We have now completed five successful phases of shallow drilling at Gold Mesa over the past sixteen months testing eight different targets.

"Each phase of drilling has encountered surface and near surface high-grade gold values, at depths typically less than 30 meters below surface.

"Our goal now is to begin connecting portions of these eight different targets at Gold Mesa into a larger near surface mineralized zone conducive to open pit mining, as well as test the mineralization at deeper depths."

Previous drill results at the property included 33.54 meters at 1.89 g/t gold, 15.24 meters grading 6.27 g/t gold and 12.19 meters grading 2.42 g/t gold.

GORO's Nevada mining unit covers more than 27,000 acres in south central Nevada's Walker Lane mineral belt.

There is also the development stage Isabella Pearl Project, the Mina Gold exploration property, and the East Camp Douglas exploration property.

All four Nevada properties have surface and, or near surface high-grade gold drill intercepts and potential for future high-grade open pit heap leach operations, the group said.

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Gold Resource Corporation Timeline

Newswire
October 30 2017

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