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Gold Resource Corp Message Board

  • iq180plus iq180plus Mar 4, 2011 11:13 AM Flag

    selective release of drill results? They must have drilled a lot of

    testing holes by now. Especically with a drill set up underground used to steer development. Why have we only had the results from one hole in, what, 8 months. They talked drilling a number of targets on the property, they used to have at least a couple of holes results every coulple of months. And that was before they said they were going to ramp up expoloratory drilling.
    Haven't a clue about what is going on.

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    • They are drilling new holes between 500m to 1000m deep with two surface drills. Takes awhile to get that deep.

      The in mine drill had produce the highest grade to date:

      "Press Release Source: Gold Resource Corporation On Tuesday February 22, 2011, 6:28 am EST
      DENVER, CO--(Marketwire - 02/22/11) - Gold Resource Corporation's (GORO) (AMEX:GORO - News) development drilling returns highest grade intercepts to date including 11 meters down hole of 37.48 grams gold per tonne (1.20 ounce per tonne) and 2183 grams silver per tonne (70.20 ounce per tonne) within 28.6 meters of 21.64 grams gold per tonne (0.70 ounce per tonne) and 2178 grams silver per tonne (70.30 ounce per tonne) from its Arista deposit. The Company expects initial production from its high-grade Arista deposit, located at its El Aguila Project, in the next few weeks. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.

      From an underground drill station set up on level 2, above the Arista ore body, development drill holes were designed to test the character, grade and locations of the Arista and Baja veins to assist in mine development. In a fan hole drilled -45 degrees and approximately 50 meters ahead of drift development work on level 5, high-grade gold and silver were intercepted 85 meters down hole."

    • That was when they were drilling the open pit. Exploration just began in La Arista in the last few months so more drill results should be forthcoming. Now is the ramp up period for La Arista, not last year. There have been various, not one, drillhole in the Baja Vein.

      • 4 Replies to rapier40
      • There used to be drill results every 6 weeks or so on A and Baja viens, for a period of over a year. They stopped. Now they have a drill set up undgroud drilling just a head of where they are developing. Drill one hole then another and another. Where are the results. They show one.

        Then as part of one of there many private placements they were suppose to spend a good part of that on exploration. That was a year ago. Where are all those drilling results.
        This drilling has nothing to do with the mining of the pit. Nothing at all.

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