All of Gold Resource Corporation's properties are located in the state of Oaxaca, Mexico, and have been selected based on their potential to meet the Company's objectives of low operating costs and potential for high returns-on-capital. GRC has 100% interest in all of its properties.
The Company's flagship project is the El Aguila Gold Project, the associated processing facilities would also handle any mineralization mined at the Company's nearby El Rey, Las Margaritas, and Solaga properties, resulting in enhanced production economics.
El Aguila Gold Project is a high-grade gold and silver property with significant base metal credits of copper, lead and zinc. Production of the El Aguila project is targeted for mid-2009. Three high-grade deposits have been discovered to date at the El Aguila Project. The high-grade "manto" style El Aguila open pit deposit, the El Aire high-grade polymetallic vein system (underground) and the La Arista high-grade polymetallic vein system (underground). Exploration is focused on expanding known deposits as well as defining additional mineralization from multiple targets within the El Aguila project.
El Rey Gold Property is a high-grade gold property. The property is GRC's second property to be drilled and a high-grade gold vein system has been discovered. GRC is evaluating mining and trucking ore from El Rey to the El Aguila mill, approximately 50 miles away.
Las Margaritas Silver Property is a high-grade silver property with important gold credits. The property is in the exploration phase.
El Fuego The El Fuego property consists of 2,554 hectares and is located south of the Company's Alta Gracia and El Chamizo properties along the North 70 West mineralized structural corridor. Almaden reports a low sulphidation, quartz-adularia, epithermal gold-silver vein and breccia system on the property. In addition, they report surface samples from old mine dumps as high as 29.9 grams per tonne gold and 953 grams per tonne silver. An initial five hole drill program described in an Almaden report stated, "The distribution of gold, silver, and the trace elements molybdenum and arsenic, suggest that the explored portion of the deposit is located in the upper epithermal level where fluid and vapor plumes have extended above a horizon of concentrated precious metal deposition. The geochemical trends indicate that higher precious metal values may be present downdip from the sector that has been drilled."
Alta Gracia Silver and Gold Property is a high-grade silver property with gold credits. The property is in the exploration phase.