Gold Resource Corporation (OTCBB: GORO) (FRANKFURT: GIH) recently announced that its El Aguila Project, in
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This change of land use approval allows GRC to develop its Arista vein deposit. GRC has completed mine design and engineering and initial preparations for surface facilities are underway. The first 80 meters of the decline ramp have been prepared as an open cut down to the portal entrance from which the decline ramp will then go underground. The Arista mine's surface facilities are under construction as well (see photos). Independent mine contractor bids are under final review and GRC expects to sign with an underground contractor shortly. Gold Resource Corporations president, Mr. William W. Reid, stated, "Though we remain focused on near term gold production from our El Aguila open pit deposit, which is currently being mined, and we are pleased that the Project's initial flotation section of the mill is currently being commissioned, there is the necessity to accelerate the development of the Arista vein deposit. Currently the Arista deposit is our largest, high-grade deposit. It is very important we prepare for a seamless transition from open pit production after year one to underground production in years two through nine."
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