El Fuego

In March 2013, Gold Resource Corporation acquired the El Fuego property from Almaden Minerals Ltd. 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."