The resistor is attached at the spring end with a low temperature solder. Current flowing through the resistor causes the resistor to generate heat. When the resistor transfers enough heat to the low temperature solder, it melts and the spring pulls the circuit open. Over the last 50 years in electronics, I have seen these on occasion.
In normal operation, up to that 0.5 amp rating, the resistor will drop at a maximum 0.5 volts. Hardly significant in a 120 or 240 VAC supply.
Normally when they slo-blow, you will see the resistor separated from the spring. A severe overload can cause the resistor to open without creating enough heat to melt the solder.