Announcement Date: 2022-11-21
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: GR Silver Mining Ltd.
Project name: San Marcial
Location: Mexico
Commodities: Gold,Silver,Zinc
Highlight: Drilling results incl. 185.5m at 111g/t Ag, 0.08g/t Au, 0.1% Zn from 150.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC – GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV|GRSL, OTCQB|GRSLF, FRANKFURT|GPE) – is pleased to announce additional surface drilling success in the new high-grade Southeast Area (“SE Area”) silver (Ag) discovery, at the Company’s wholly-owned Plomosas Project, in Sinaloa, Mexico. The four new holes represent extensions along strike or down dip, or drilling at different orientation, to delineate mineralization geometry and boundaries. Each of the holes has provided positive silver results and geological information to enhance the existing knowledge in the SE Area. The Company expects to complete three more drill holes in the SE Area prior to the December cut-off date for data to be incorporated into the 3D geological model, with the updated resource estimation expected to be released in Q1|2023. Highlights from the latest drilling results at the San Marcial SE Area The first ever visible gold occurrence at San Marcial was identified in SMS22-20, returning 1m at 31.3 g/t Au, within a quartz vein on the margins of the NE-trending SE Area Ag-mineralized corridor. The visible Au (Figure 3) is located below the main wide high-grade Ag mineralized zone, supporting the opportunity for new Au discoveries in the SE Area.
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