Oaxaca Mining Unit
Gold Resource Corporation (GRC) has consolidated 100% interest in six properties in the southern state of Oaxaca, Mexico. The Company's Oaxaca Mining Unit properties were selected based on their potential to meet the Company's objectives of low operating costs and potential for high returns-on-capital. GRC currently controls over 684 square kilometers, including 55 kilometers of a geologically important structural fault corridor running North 70 West.
The Company's flagship operation is the Aguila Project, where the Arista underground polymetallic deposit is currently in production. The Arista deposit produces gold and silver, as well as the base metals copper, lead and zinc. GRC's second operating mine is the Mirador Mine on the Alta Gracia Project. The Company's additional four exploration properties are all within trucking distance of the Aguila Project's processing facilities. GRC's objective is to ultimately have multiple properties feeding ore to the strategically located mill, which aims to potentially reduce the capital required to put any future deposit discoveries into production.