GOLD RESOURCE CORPORATION DRILLS MOST EXTENSIVE HIGH-GRADE MINERALIZATION TO DATE INCLUDING 7.5 METERS OF 1.05 OZ/TONNE GOLD EQUIVALENT AT ITS EL AGUILA PROJECT IN OAXACA, MEXICO
DENVER – September 6, 2007 – Gold Resource Corporation (GRC) is pleased to announce drilling its most extensive high-grade mineralization to date including 7.5 meters of 32.66 grams/tonne (1.05 oz/tonne) gold equivalent within one of three zones totaling 35 meters of 16.17 grams/tonne (0.52 oz/tonne) gold equivalent at its newly discovered La Arista area, which is part of GRC’s El Aguila Project in the southern state of Oaxaca, Mexico. The El Aguila Project is targeted for production mid-2008 subject to timely obtaining all required permits and regulatory approvals, necessary funding and equipment delivery schedules.
La Arista area drill hole #7080 (drilled at 45 deg) highlights include:
- 7.5 meters of 8.01 g/t gold, 329.1 g/t silver, 1.92% lead, 9.92% zinc (or a gold equivalent* value of 1.05 oz/tonne) within
- 13.5 meters of 5.05 g/t gold, 209.2 g/t silver, 2.84% lead, 9.16% zinc (or a gold equivalent* value of 0.86 oz/tonne) and
- 19.5 meters of 0.96 g/t gold, 75.0 g/t silver, 0.70% lead, 3.49% zinc (or a gold equivalent* value of 0.28 oz/tonne) and
- 2 meters of 5.73 g/t gold, 249.3 g/t silver, 0.87% lead, 1.74% zinc (or a gold equivalent* value of 0.47 oz/tonne)
Total Mineralization of 3 Zones
- 35 meters of 2.81 g/t gold, 136.7 g/t silver, 1.54% lead, 5.58% zinc (or a gold equivalent* value of 0.52 oz/tonne)
Early drill indications at La Arista area suggest the potential of significant mineralization.
La Arista Intercepts include:
|
From |
Interval |
Au |
Au |
Ag |
Ag |
Pb |
Zn |
Au
Eq |
Cu |
|
Meters |
Meters |
g/tonne |
oz/tonne |
g/tonne |
oz/tonne |
% |
% |
oz/tonne |
% |
|
|
|
|
|
|
|
|
|
|
|
|
194.0 |
1.0 |
4.75 |
0.15 |
215.5 |
6.9 |
0.65 |
1.54 |
0.40 |
0.31 |
|
195.0 |
1.0 |
6.72 |
0.22 |
283.0 |
9.1 |
1.09 |
1.93 |
0.54 |
0.51 |
|
194-196 |
2.0 |
5.73 |
0.18 |
249.3 |
8.0 |
0.87 |
1.74 |
0.47 |
0.41 |
|
|
|
|
|
|
|
|
|
|
|
|
210.5 |
1.0 |
1.41 |
0.05 |
71.7 |
2.3 |
3.52 |
3.09 |
0.36 |
0.79 |
|
211.5 |
0.5 |
3.67 |
0.12 |
378.0 |
12.2 |
2.76 |
4.60 |
0.70 |
0.73 |
|
212.0 |
1.0 |
9.17 |
0.29 |
829.5 |
26.7 |
2.60 |
9.61 |
1.44 |
1.03 |
|
213.0 |
1.0 |
2.85 |
0.09 |
62.2 |
2.0 |
1.53 |
12.85 |
0.83 |
0.73 |
|
214.0 |
1.0 |
4.19 |
0.13 |
45.4 |
1.5 |
0.77 |
15.50 |
0.98 |
0.45 |
|
215.0 |
1.0 |
8.68 |
0.28 |
765.0 |
24.6 |
1.73 |
8.12 |
1.27 |
0.66 |
|
216.0 |
1.0 |
6.01 |
0.19 |
215.5 |
6.9 |
2.97 |
11.18 |
1.00 |
0.80 |
|
217.0 |
1.0 |
21.85 |
0.70 |
233.5 |
7.5 |
1.73 |
7.98 |
1.32 |
1.27 |
|
218.0 |
1.0 |
5.49 |
0.18 |
128.4 |
4.1 |
1.70 |
6.88 |
0.67 |
0.40 |
|
219.0 |
1.0 |
2.23 |
0.07 |
54.9 |
1.8 |
6.03 |
8.91 |
0.75 |
0.18 |
|
220.0 |
1.0 |
1.49 |
0.05 |
49.3 |
1.6 |
1.74 |
5.22 |
0.40 |
0.47 |
|
221.0 |
1.0 |
0.69 |
0.02 |
27.3 |
0.9 |
1.07 |
5.50 |
0.35 |
0.16 |
|
222.0 |
1.0 |
0.51 |
0.02 |
56.4 |
1.8 |
1.76 |
9.15 |
0.57 |
0.67 |
|
223.0 |
1.0 |
1.81 |
0.06 |
96.3 |
3.1 |
9.89 |
17.38 |
1.31 |
0.76 |
|
210.5-224 |
13.5 |
5.05 |
0.16 |
209.2 |
6.7 |
2.84 |
9.16 |
0.86 |
0.65 |
|
211.5-219 |
7.5 |
8.01 |
0.26 |
329.1 |
10.6 |
1.92 |
9.92 |
1.05 |
0.76 |
|
|
|
|
|
|
|
|
|
|
|
|
230.5 |
1.0 |
1.15 |
0.04 |
13.1 |
0.4 |
0.20 |
3.64 |
0.24 |
0.15 |
|
231.5 |
1.0 |
0.42 |
0.01 |
30.5 |
1.0 |
0.07 |
1.35 |
0.11 |
0.10 |
|
232.5 |
1.0 |
1.22 |
0.04 |
28.9 |
0.9 |
0.26 |
2.35 |
0.19 |
0.14 |
|
233.5 |
1.0 |
0.90 |
0.03 |
18.6 |
0.6 |
0.37 |
2.52 |
0.18 |
0.09 |
|
234.5 |
1.0 |
1.50 |
0.05 |
57.2 |
1.8 |
0.90 |
6.49 |
0.44 |
0.09 |
|
235.5 |
1.0 |
1.52 |
0.05 |
99.7 |
3.2 |
0.93 |
7.36 |
0.52 |
0.16 |
|
236.5 |
1.0 |
1.22 |
0.04 |
27.9 |
0.9 |
0.11 |
4.17 |
0.27 |
0.15 |
|
237.5 |
1.0 |
1.17 |
0.04 |
32.5 |
1.0 |
0.10 |
5.13 |
0.32 |
0.19 |
|
238.5 |
1.0 |
4.33 |
0.14 |
76.0 |
2.4 |
1.31 |
7.22 |
0.60 |
0.27 |
|
239.5 |
1.0 |
1.32 |
0.04 |
279.0 |
9.0 |
1.15 |
3.18 |
0.43 |
0.31 |
|
240.5 |
1.0 |
0.51 |
0.02 |
65.7 |
2.1 |
2.27 |
9.08 |
0.59 |
0.31 |
|
241.5 |
1.0 |
0.47 |
0.01 |
90.3 |
2.9 |
2.27 |
3.35 |
0.32 |
0.16 |
|
242.5 |
1.0 |
1.17 |
0.04 |
121.8 |
3.9 |
0.87 |
3.39 |
0.32 |
0.29 |
|
243.5 |
1.0 |
0.46 |
0.01 |
55.4 |
1.8 |
1.06 |
4.13 |
0.30 |
0.59 |
|
244.5 |
1.0 |
0.03 |
0.00 |
13.0 |
0.4 |
0.32 |
1.36 |
0.09 |
0.10 |
|
245.5 |
1.0 |
0.23 |
0.01 |
57.9 |
1.9 |
0.04 |
0.65 |
0.08 |
0.08 |
|
246.5 |
1.0 |
0.35 |
0.01 |
67.3 |
2.2 |
0.05 |
0.54 |
0.09 |
0.07 |
|
247.5 |
1.0 |
0.25 |
0.01 |
69.9 |
2.2 |
0.03 |
0.20 |
0.07 |
0.10 |
|
248.5 |
1.0 |
0.38 |
0.01 |
|
