Gold Resource Corporation (GORO) has NOT conducted “due diligence” regarding Aquila’s false and misleading claims about the permitting of the Back Forty Project.
During a September 8 conference call about GORO’s acquisition of Aquila Resources, Inc., Mr. Allen Palmiere, the President and CEO of GORO stated: “The key takeaway on this particular project [referring to the Back Forty Project] is that it has, in fact, been fully permitted before. The issue that arose was a very technical—it’s really a very administrative matter, but it was the way with which the wetlands permit was worded and it was viewed as being a conditional permit rather than an unconditional permit. And that was really the way—the reason that that particular permit was pulled.”