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Gold Resource discovers new vein at Arista

Last updated: 07:22 20 Jan 2016 EST, First published: 02:22 20 Jan 2016 EST

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... and they called the vein "Marena"

Gold Resource Corp (NYSE:GORO) said drilling at its Arista deposit has expanded the asset's high grade mineralization and uncovered a new vein.

The drilling work is targeting the north-east extensions of its Arista underground mine, located at the company's El Aguila project in the southern state of Oaxaca, Mexico.

The company highlighted drill intercepts including 5.55 metres grading 14.20 grams per tonne (g/t) gold, including 2.52 metres grading 28.63 g/t gold in the Viridiana vein.

In addition, the company discovered a new vein, which it has named Marena, intercepting 3.34 metres grading 12.05 g/t gold and 3.31 metres grading 5.44 g/t gold.

Hole 515093 intercepted high-grade mineralization at Viridiana with 5.55 metres grading 14.20 g/t gold and 43 g/t silver, including 2.52 metres grading 28.63 g/t gold and 85 g/t silver.

Hole 515100 intercepted the new Marena vein with 3.34 metres grading 12.05 g/t gold, 150 g/t silver, 0.74% copper, 7.62% lead and 24.40% zinc, including 0.74 metres grading 37.50 g/t gold, 178 g/t silver, 1.54% copper, 12.65% lead and 30.45% zinc.

Both Viridiana and Marena remain open on strike and at depth.

Gold Resource continues to drill both infill and step-out holes testing the mineralized vein extensions at its producing Arista mine.

The Arista is a high-grade polymetallic (i.e. gold, silver and base metal) epithermal vein deposit with multiple parallel 'en echelon', or closely-spaced/overlapping, veins.

"It is not only exciting to drill additional high-grade mineralization within Arista's known veins, but also impressive to discover another new high-grade vein while testing the margins of this deposit," commented Gold Resource Corporation's vice president of Exploration, Barry Devlin.

"The multiple veins that make up the Arista deposit exhibit unique mineralization, as we see in Viridiana's high-grade gold component and Marena's polymetallic composition including a high-grade zinc phase. I believe the potential exists to discover additional high-grade veins at Arista with future drill programs testing the margins of this expanding deposit," Devlin added.

Company chief executive and president, Jason Reid, was full of praise for the exploration team.

"After six years of mining Arista, it is still very exciting to see new high-grade en echelon gold vein discoveries and continued intercepts of high grade mineralization in step-outs to known veins,” Reid said.

“The Arista mine remains our exploration focus as seen in these drill results expanding veins to the north-east, as well as Arista's heavily mineralized Switchback veins much farther to the north and east. We believe the Arista deposit continues to demonstrate it is part of a powerful mineralized system," Reid added.

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on 07/30/2021