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GORO up 7.8%. 23.30
I'll be selling 1 million at .01 for $10K
Next week should be the big pumpabalooza. I can't wait!
tighten up real good than boiiiiiiiiiiiiiiiiing!!!!
Gold Resource Corporation Intercepts Baja Vein
Gold Resource Corporation (GORO) (NYSE Amex: GORO) is pleased to update shareholders that underground development work at its La Arista vein system deposit has reached and intercepted the Baja vein. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Gold Resource Corporation commenced development of its Arista deposit's underground mine on February 22, 2010. La Arista is a polymetallic deposit with high-grade gold and silver with by-product credits of copper, lead and zinc. The Arista Vein system is made up of multiple en echelon veins with the two predominant veins being the Baja and the Arista veins.
Gold Resource Corporation's President, Mr. Jason Reid, stated, "This first cross-cut and look at the Baja vein exceeded our expectations. We expected a two to three meter wide vein at this level, but were quite pleased to have revealed a solidly mineralized structure six (6) meters wide at the point of interception (see photo). Several samples were rushed to the Company's lab with the highest returning 14.6 grams per tonne gold and 2,300 grams per tonne silver, plus base metals, over 1.5 meters. Though these are just preliminary samples and not an anticipated average grade, we are extremely pleased with the indication of such high-grade. The vein is now in the process of being sampled systematically and in detail."
Having reached the Baja vein, development of the first cross-cut is presently continuing East targeting to intercept the parallel Arista vein at an estimated 30 meters. Once exposed, the Arista and Baja veins are scheduled to immediately begin being mined using the cut and fill method. As the Company drives down both veins in each direction, initially providing 4 working faces, stockpiling of the polymetallic ore will become another milestone in the Aguila Project's history.
Mr. Jason Reid continued, "We have always viewed the Aguila open pit ore, currently being processed at our mill, as providing short-term cash flow for developing the long-term La Arista deposit. The Arista deposit is the heart of our project, and we are very impressed with the size and grade of our first look at the Baja vein."
The Arista vein system's mineralization remains open both laterally as well as at depth with potential to provide additional years beyond the Aguila Project's current mine life estimate of 9 years. The Company targets processing polymetallic Arista ore on or before July 1, 2011.
Gold Resource Corporation believes revenues from the base metal content of the ore, when used as by-product credits, could fund all cash costs of the operation. Consequently, the Company's medium term targeted 200,000 ounces of precious metal gold equivalent per year could potentially be produced at "zero" cost.
Mr. Jason Reid stated, "The near term stockpiling of La Arista ore will assist us in making a seamless transition from processing the Company's El Aguila open pit ore, presently being mined and milled, to the much higher grade Arista underground ore."
About GRC:
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 five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 52,998,303 shares outstanding, zero warrants and zero debt. 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 Securities and Exchange Commission.
Gold Resource Corporation Intercepts Baja Vein
Gold Resource Corporation (GORO) (NYSE Amex: GORO) is pleased to update shareholders that underground development work at its La Arista vein system deposit has reached and intercepted the Baja vein. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.
Gold Resource Corporation commenced development of its Arista deposit's underground mine on February 22, 2010. La Arista is a polymetallic deposit with high-grade gold and silver with by-product credits of copper, lead and zinc. The Arista Vein system is made up of multiple en echelon veins with the two predominant veins being the Baja and the Arista veins.
Gold Resource Corporation's President, Mr. Jason Reid, stated, "This first cross-cut and look at the Baja vein exceeded our expectations. We expected a two to three meter wide vein at this level, but were quite pleased to have revealed a solidly mineralized structure six (6) meters wide at the point of interception (see photo). Several samples were rushed to the Company's lab with the highest returning 14.6 grams per tonne gold and 2,300 grams per tonne silver, plus base metals, over 1.5 meters. Though these are just preliminary samples and not an anticipated average grade, we are extremely pleased with the indication of such high-grade. The vein is now in the process of being sampled systematically and in detail."
Having reached the Baja vein, development of the first cross-cut is presently continuing East targeting to intercept the parallel Arista vein at an estimated 30 meters. Once exposed, the Arista and Baja veins are scheduled to immediately begin being mined using the cut and fill method. As the Company drives down both veins in each direction, initially providing 4 working faces, stockpiling of the polymetallic ore will become another milestone in the Aguila Project's history.
Mr. Jason Reid continued, "We have always viewed the Aguila open pit ore, currently being processed at our mill, as providing short-term cash flow for developing the long-term La Arista deposit. The Arista deposit is the heart of our project, and we are very impressed with the size and grade of our first look at the Baja vein."
The Arista vein system's mineralization remains open both laterally as well as at depth with potential to provide additional years beyond the Aguila Project's current mine life estimate of 9 years. The Company targets processing polymetallic Arista ore on or before July 1, 2011.
Gold Resource Corporation believes revenues from the base metal content of the ore, when used as by-product credits, could fund all cash costs of the operation. Consequently, the Company's medium term targeted 200,000 ounces of precious metal gold equivalent per year could potentially be produced at "zero" cost.
Mr. Jason Reid stated, "The near term stockpiling of La Arista ore will assist us in making a seamless transition from processing the Company's El Aguila open pit ore, presently being mined and milled, to the much higher grade Arista underground ore."
About GRC:
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 five potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 52,998,303 shares outstanding, zero warrants and zero debt. 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 Securities and Exchange Commission.
weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee : )
The problem is, not many to be had.
Shouldn't we have a realistic idea of the revenue numbers with the divy's that have been issued?
We'll know soon now!
What's up lithium brothazzzzzz!!!!!!
The seminar. Read post 2053
Did you take the offer of the plane ticket?
Just got back and see nothing much has changed. Figures. Just another day closer to Nov 12th. Let the chart reset before the real run next week. Should be fun. Way to keep the board quiet guys. I know it's hard to keep in the enthusiasm but you guys did a great job. I'm proud.
FYI-GORO shareholders meeting tomorrow.
Sweet!
Shareholders meeting today?
Minimum 2 forward looking events w/in the next ten days. Removal of caveat emptor is imminent as we have already discussed and the Nov. 12th seminar. Plus mina hasn't even promo'd ssyo yet. No way I'm selling.
yesterday was accumulation day. now the silly games. well, whatever happens, happens. i'm not selling til a new 52 week hi is established.
I predict pennyland+ by Nov 12, 2010. We shall see.
Annual revenue of $419,200 and market cap only $449,787 as of close of yesterday.
lol. thx.
I live in Chicago so I'll be commuting. The 12th is actually my birthday so I'll be busy or I'd organize a group and show everyone around Chicago.
More than normal?
How many have registered for Chicago?
10-q filed on oct 29, 2010 as well. nice share structure.
Eyeongate Training Seminar Nov 12 (2010-10-28 15:41:44)
Dear Customers:
We would like to invite you to the our training seminar on Nov 12, 2010. We will introduce our EyeonGate Access Control System ME Series, which is the new released version, supports TCP/IP remote management. We will also demonstrate the integration with DVR systems.
http://www.ameta.ca/news.php?news_ID=57
The Company has adopted a policy regarding the payment of dividends. Dividends may be paid to shareholders once all divisions are fully operational and profitable. The Board may also pay dividends to counter any short selling or undermining of the entity.
Per SSYO 10-Q filed Oct 29, 2010.
just the start on that one i think mick. forward looking event on the 12th.
busy. family shit.
Who's GORO rooting for in the elections?
Eyeongate Training Seminar Nov 12 (2010-10-28 15:41:44)
Dear Customers:
We would like to invite you to the our training seminar on Nov 12, 2010. We will introduce our EyeonGate Access Control System ME Series, which is the new released version, supports TCP/IP remote management. We will also demonstrate the integration with DVR systems.
http://www.ameta.ca/news.php?news_ID=57
Wow, SSYO already in buzz cloud. That was quick.
http://investorshub.advfn.com/boards/tcloud2.aspx
Share Structure
Market Value1 $340,380 a/o Nov 01, 2010
Shares Outstanding 121,564,124 a/o Oct 07, 2010
Float N/A
Authorized Shares 180,000,000 a/o Oct 07, 2010
Par Value 0.0010
http://www.otcmarkets.com/stock/SSYO/company-info
MACD just crossed and look how low the money flow is. Wait til real money comes in here. ADX looks great. .013 is next real resistance. .0065 already broke today. Confirmation will be tomorrow IMO. This will make new 52 week high IMO leading up to November 12. All JMHO. GLTA.
SSYO charts
MFI & ACCUM
20 50 200MA,,,VOLUME - PPO - CMF - SLO STO % PRICES.
rigs;one year, 50ma-200ma,RSI,MACD, VOLUME.
cha-ching --- CC, 6-mos---cci[20]ema[7],cci[70]-ema[20]50ma-150ema-200ma, volume, william %
http://stockta.com/ssyo
template;
2ma-5ma-50ma-200ma-bb with several trendlines. --- kens charting.
MONTHLY VOLUME REPORT;
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=ssyo&SortBy=volume&Month=2-1-2010&IMAGE1.x=14&IMAGE1.y=5y
10yr, Chart
Total of 342 items by my count.