Gold Resource Corporation Acquires High-Grade Golden Mile Property in Nevada Walker Lane Mineral Belt

COLORADO SPRINGS, CO, June 15, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Gold Resource Corporation (NYSE American: GORO) (the “Company”) today announced the acquisition of the Golden Mile property located in the Bell Mining District, Mineral County, Nevada.  The 9,334 acre property contains surface and near surface high-grade gold in two established mineralized zones.  Historic third-party drill intercepts from Golden Mile include: 10.70 meters of 8.76 grams per tonne (g/t) gold from surface, 36.60 meters of 10.26 g/t gold from 15.20 meters downhole, and 6.10 meters of 46.53 g/t gold from 18.29 meters downhole.  Golden Mile is an advanced exploration property with district-size potential for expansion of known mineralized zones and new discoveries. The property also adds considerably to the Company’s prospective exploration land package by more than 51%.  This fifth high-grade property solidifies the Company’s Nevada Mining Unit as controlling a dominant land position in this region of the Walker Lane Mineral Belt.  Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.  The Company has returned $114 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Golden Mile acquisition highlights include:

• 100% ownership
• 9,334 acre advanced high-grade gold exploration property
• Two established mineralized zones
• Open pit heap leach project potential
• Surface and near surface high-grade gold drill intercepts*
• Drill intercepts including 36.60 meters of 10.26 grams per tonne gold* 
• Proximity to Company’s producing Isabella Pearl mine, 23 miles 
• Potential equipment and processing facility sharing with Isabella Pearl mine
• Bottle roll tests indicate gold mineralization is amenable to cyanide leaching
• 451 unpatented lode mining claims; 5 patented mining claims
• Acquisition boosts Nevada Mining Unit acreage by more than 51% (27,600) 
• Mining friendly jurisdiction, Nevada, U.S.A.

*Third party drill intercepts