Gold Resource Corporation Expands High Grade Arista Mineralization With Discovery of Additional Gold Vein and Intercepts 5.55 Meters Grading 14.20 G/T Gold, Including 2.52 Meters Grading 28.63 G/T Gold
"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, Mr. 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."
"Barry and our exploration team continue to do an excellent job expanding and delineating the Arista deposit vein system," stated Gold Resource Corporation's CEO and President, Mr. Jason Reid. "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. The Arista mine remains our exploration focus as seen in these drill results expanding veins to the northeast, 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."
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in six potential high-grade gold and silver properties at its producing Oaxaca, Mexico Mining Unit and exploration properties at its Nevada, USA, Mining Unit. The Company has 54,266,706 shares outstanding, no warrants, no long term debt and has returned over $108 million back to shareholders since commercial production commenced July 1, 2010. Gold Resource Corporation offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-K filed with the SEC.