Background:
As a registrant with the United States Securities and Exchange Commission (“SEC”), the Company must report its exploration results, Mineral Resources, and Mineral Reserves using the mining disclosure standards of Subpart 229.1300 of Regulation S-K Disclosure by Registrants Engaged in Mining Operations (“S-K 1300”).
DDGM adopted S-K 1300 standards for the December 31, 2021, Technical Report. The adoption applied a new methodology focused on geological interpretations, improved grade estimation, better variable anisotropy, channel sampling, and improved ore control models. This approach creates greater confidence in the reliability of the Mineral Resources and Mineral Reserves. Gold and silver ounces are reported in troy ounces converted using 31.1035 grams per troy ounce.
Qualified Persons Disclosure:
The report was prepared in accordance with S-K 1300 and has been reviewed by Qualified Persons (“QPs”) who are mining industry professionals and specialists trained in diverse technical backgrounds. Three of the QPs are employed by the Company and are not considered independent of DDGM. These QPs are Rodrigo Simidu, Professional Engineer, Patrick Frenette, Professional Engineer, and David Turner, Professional Geologist. Additional independent QPs assisted with the report and they are Marcelo Zangrandi, Professional Geologist, employed by AMBA Consultoria Ltda, and Christian Laroche, Professional Engineer, employed by Synectiq. At the effective date of the Report, the QPs certified that to the best of their information, knowledge and belief, the parts of the Report for which they were responsible contained all scientific and technical information that was required to be disclosed to make the Report not misleading.
About GRC:
Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of an experienced board and senior leadership team, the Company’s focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA. For more information, please visit the Company’s website, located at www.goldresourcecorp.com.
Contacts:
Allen Palmiere
Chief Executive Officer and President
www.GoldResourceCorp.com
303-320-7708
