DENVER, CO--(Marketwire - August 24, 2009) - Gold Resource Corporation (GRC) (OTCBB: GORO) (FRANKFURT: GIH) reports filing additional land concessions over the Alta Gracia mining district extending its important San Jose structural corridor to an impressive 16+ kilometers. GRC's primary focus will continue on its flagship El Aguila Project however these new land claims will add a fifth property to the company's holdings and position GRC with a 100% interest of three consecutive mining districts in the San Jose area. The addition of Alta Gracia will add to the company's pipeline of potential projects and long term operations at GRC's El Aguila mill currently under construction. The Aguila mill is located in the southern state of Oaxaca, Mexico and is targeting gold production in 2009 subject to equipment delivery and construction schedules.
Mr. William W. Reid, President of Gold Resource Corporation, stated, "The opportunity to add an additional property to the Company's land holdings is very exciting on many levels. The Alta Gracia property is adjacent to our Las Margaritas property, extends our total mineralized corridor to over 16 kilometers and adds additional production potential to our El Aguila mill as trucking high-grade ore would not be a problem. This fits the company's long term plan of multiple mines feeding the strategically located El Aguila mill. We believe this approach will add longevity to our operations while keeping capital expenditures to a minimum as we develop these additional properties. "