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To: patron_anejo_por_favor who wrote (195614)	4/9/2009 12:55:57 PM
From: jmiller099	Respond to of 306849

This will also have to depend on inflation also. In deflation it should make sense.

To: patron_anejo_por_favor who wrote (195614)	4/9/2009 1:04:41 PM
From: James Hutton	Respond to of 306849

This one just came out: note 2 g/t in the vein world barely worth mentioning. But of course, the veins aren't as widespread as the big disseminated deposits. Right now is a perfect world for gold producers - costs down, POG staying relatively strong. I'd guess POG only going up in a high inflation world, so I don't know how long this will last. DENVER, CO, Apr 09, 2009 (MARKET WIRE via COMTEX) -- Gold Resource Corporation (GRC) (GORO, Trade ) (FRANKFURT: GIH) is pleased to report fieldwork completed recently by its geologists discovered a new high-grade silver vein averaging 737 grams per tonne (23.7 oz/tonne) silver, over a vein width of at least 1 meter, in a historic mine adit from a new area of the Aguila Project. Additionally, GRC is contracting with GeoDrill S.A. de C.V. to undertake an initial 5000 meter core drilling program at GRC's El Aguila high-grade gold and silver project in the state of Oaxaca, Mexico. GRC targets production at its El Aguila Project mid-2009, subject to obtaining remaining permits, regulatory approvals, equipment deliveries and construction schedules. Gold Resource Corporation's geologists, while field mapping an area of the Aguila Project on the western flank of Cerro Colorado, found a historic adit (tunnel) previously partially hidden by vegetation. The adit, now named La Escondida, is located two kilometers west from GRC's Aguila mill site. La Escondida is geologically located near the western contact of a resurgent dome within a zone of nested calderas (volcanic centers). The northern contact of the same resurgent dome hosts GRC's Aguila open pit deposit and to the east of this resurgent dome are the high-grade underground deposits of the Aire, Arista and Baja veins which currently comprise the majority of GRC's drilled mineralization to date. La Escondida adit was historically driven following a quartz vein in the volcanic rocks. The vein is striking north 35 degrees west, dipping -72 degrees to the southwest. GRC geologists mapped the adit, which is 40 meters in length and took channel samples, each approximately one meter or more in width across the vein and at two meter intervals along the strike of the vein. All samples reported significant mineralization with 22 contiguous samples averaging 737 grams per tonne (23.7 oz/tonne) silver. Four samples assayed over 1 kilogram per tonne of silver and the highest-grade sample was 3.73 kilograms per tonne (120 oz/tonne) silver. Minor gold values, including 2.05 grams per tonne were present in the vein as well. 22 channel samples from La Escondida vein Sample Gold Silver Number g/tonne g/tonne 3478 0.20 437.0 3619 0.40 957.0 3620 0.71 1890.0 3621 0.09 323.0 3622 0.32 905.0 3623 0.10 107.0 3624 0.17 398.0 3625 0.71 1810.0 3626 0.12 188.0 3627 0.64 237.0 3628 2.05 3730.0 3629 0.38 560.0 3630 0.05 88.7 3631 0.23 284.0 3632 0.03 213.0 3633 0.19 635.0 3634 1.50 1370.0 3635 0.20 256.0 3636 0.07 594.0 3637 0.05 634.0 3638 0.04 32.6 3639 0.15 563.0 Average 0.38Au 736.9 g/t Ag (23.7 oz/tonne Ag) Assays by ALS Chemex, Vancouver, BC Canada Gold Resource Corporation's president William W. Reid stated, "The El Aguila Project encompasses 4 kilometers along an important regional structural corridor trending north 70 west. At the eastern end of the corridor we have our high-grade Aire and Arista vein systems, in the middle we have our Aguila open pit deposit and now with this new discovery on the western edge we have indications of high-grade silver at La Escondida. The Aguila Project's epithermal system continues to impress us with its high-grade values as we continue to expand its size through exploration and further development of our geologic model. All this mineralization is within 2 kilometers of our Aguila mill currently under construction." Mr. Reid continued, "This new discovery was made by Gold Resource Corporation's fieldwork completed during down time between drill programs and La Escondida has been added to our long list of drill targets on the project. We are excited to begin our new drill program." Gold Resource Corporation has contracted the drilling company GeoDrill S.A. de C.V., based in Peru with offices in Mexico, to continue GRC's core drilling exploration program. Drilling will target the expansion of established mineralization at GRC's La Arista deposit as well as explore many of the additional drill targets at the Aguila Project. GeoDrill S.A. de C.V. expects drilling to begin mid-April. GRC will continue its exploration efforts using one drill with the goal of accelerating exploration using multiple drills once cash flow from operations is achieved. About GRC: