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Gold Resource Corp says Alta Gracia drill results augur well for Mirador mine

Alta Gracia is one of six potential high-grade gold and silver properties in the firm's Oaxaca mining unit, ..
Gold Resource Corp says Alta Gracia drill results augur well for Mirador mine
Pictured is a gold pour..

Miner Gold Resource Corporation (NYSE:GORO) said this year's drill program at the Alta Gracia property in Mexico had underscored the prospectivity of the site.

Alta Gracia is one of six potential high-grade gold and silver properties in the firm's Oaxaca mining unit, which includes over 684 sq km in southern Mexico and plays host to the Mirador Mine, GORO's second operating mine, which began production in mid-2017.

Highlights from Alta Gracia include 1.29 meters (m) at a grade of 4.33 grams per tonne (g/t) gold and 1,710 g/t silver, and 1.47 meters grading 2.29 g/t gold and 708 g/t silver.

"Our 2017 drill campaign at Alta Gracia was a success on many levels," said Barry Devlin, vice president of exploration.

"We continue to see elevated levels of gold and silver in multiple drill holes at Alta Gracia.

"Not only did our exploration efforts intercept all four targeted primary veins, but also discovered multiple new unnamed mineralized veins.

"We look forward to returning to Alta Gracia in 2018 with another drill program to build on our 2017 drill success."

The 2017 targets were generated from previous drilling by GORO and chip sampling from underground workings.

The data will be used to generate new drill targets for follow up in 2018, in a bid to define additional mineralization to support future mining in conjunction with the Mirador mine.

Shares added 0.81% to US$3.74.

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