Proactive Investors - Gold Resource Corporation told investors that results from the ongoing expansion and infill drill programs at its Don David Gold Mine (DDGM) in Mexico continue to provide evidence of adding additional higher-grade resources from several vein systems.
The programs are focusing on the north-west Arista, south-central Switchback, the Three Sisters and newly discovered Gloria vein systems, the company said, highlighting a hole that revealed 2.56 metres (m) with a net smelter return value of $303 per tonne (t) at 0.67 grams per tonne (g/t) gold, 503.59 g/t silver, 0.71% copper, 0.9% lead and 1.7% zinc at the Switchback vein system.
In a statement, president and CEO Allen Palmiere commented: “The 2023 drilling campaign is returning positive results and has further confirmed that the program is on the right track to deliver higher-grade resources into the near- and mid-term mine plan.”
The company noted that five underground diamond drill rigs are currently in operation at the mine where a total of 61 drill holes for over 14,200m have been completed year-to-date in 2023.
The drill program continues to advance its 2023 exploration objectives of identifying and defining additional mineral resources and upgrading current inferred resources. Results from the 2023 drilling program are pending incorporation into the upcoming 2023 resource estimate, it added.
The full highlighted results can be found here.
Gold Resource Corp (NYSE:GORO) is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico.