GORO Just out and main reason I included them in my last post.
Gold Resource Corporation Expands Switchback Mineralization Intercepting Multiple High Grade Parallel Veins Including 15.64 Meters of 2.85 G/T Gold, 169 G/T Silver, 0.52% Copper, 1.60% Lead and 10.16% Zinc
Switchback is a step out from their current Arista mine. This hole just 50 meters out plus up (good). They have delineated a 450 strike by 450 depth open all directions including zinc up to 29% (zinc should be going up). 450 x 450 was the start of their current Arista mine when they made the production decision.
Mr. Jason Reid. "There is a very good chance we have found the next Arista deposit at Switchback, or perhaps it's an extension of Arista, which speaks to the growing potential of this epithermal system. Our plan to touch the mineralization by year-end could see us pulling tonnes for mill feed during the first half of 2016."
The bottom line is, this is high quality new feed for their mill, that still has extra capacity after the recent doubling of capacity, paid from CF while they paid sector leading dividends. This could easily bump their production 30 - 40% Thats a re rating of the share price and the dividend should this carry through.
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