Approval For Isabella Pearl Gold Project In Mineral County

COLORADO SPRINGS, CO – Gold Resource Corporation has been granted a positive Record of Decision (ROD) on the Environmental Assessment (EA) for the Isabella Pearl open pit heap leach gold project located in Mineral County, Nevada. This final permit, along with approval from the Company’s Board of Directors to move the Project into production, mark a major milestone for the Company’s Nevada Mining Unit. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada. 

In addition to the ROD and EA permit, the Plan of Operation (POO) for the Project has been approved by both the Bureau of Land Management (BLM) and Nevada Department of Environmental Protection (NDEP). With these final permits, along with permits for mercury, water, air and other ancillary permits already in place, the Company has all the regulatory approvals necessary to construct, operate and pour dore at the Project. 

The Company recently announced the Project’s Proven and Probable Reserve totaling 192,600 gold ounces and targets to produce approximately 153,000 gold ounces over an initial four-year mine life. The Project estimates annual recovered gold ounces (oz’s) of: 29,000 oz’s year one, 41,000 oz’s year two, 41,000 oz’s year three and 42,000 oz’s year four. 

The Company anticipates adding to the Project’s reserves with future exploration drilling and has identified two new exploration targets within the existing permitted mine plan, Scarlet and Civit Cat North, along with numerous exploration targets along the Company’s Isabella Pearl claims covering six miles of structural trend.