- GR Silver Mining (GRSL) is releasing the latest results from surface drilling at its Plomosas Project in Sinaloa, Mexico
- Work stems from the high-grade southeast area silver discovery within the San Marcial Area on the company’s wholly-owned project
- Six holes represent extensions along strike or down dip, creating the potential to expand silver mineralization boundaries
- Each of the holes in that area adds silver results and key geological information to expand the current silver mineralization model
- GR Silver Mining is up 4 percent, trading at $0.13 at 2:31 p.m. EST
GR Silver Mining (GRSL) is releasing the latest results from surface drilling at its Plomosas Project in Sinaloa, Mexico.
Work stems from the high-grade southeast area silver discovery within the San Marcial Area on the company’s wholly-owned project.
Six holes represent extensions along strike or down dip, creating the potential to expand silver mineralization boundaries.
Each of the holes in that area adds silver results and key geological information to expand the current silver mineralization model.
The Vancouver-based mineral resource company has now completed all holes planned to be incorporated into the 3D geological model, with the updated resource estimation expected to be released in the first quarter of this year.
A total of 75 GR Silver Mining drill holes covering 10,500 metres will be added to the 52 holes used in the 2019 NI 43-101 San Marcial Mineral Resource Estimate.
“As we close off the San Marcial database for the resource estimation scheduled this quarter, we are excited by the potential contribution of the new SE Area discovery. These most recent drill results contribute to our understanding of the mineralization at the SE Area as well as the original San Marcial Resource Area. San Marcial continues to deliver high-grade precious metal intervals within broad, well-mineralized masses. The discovery of high-grade Ag and Au mineralization outside and to the SE of the known structural corridor at the SE Area is highly encouraging. After the delivery of the updated mineral resource, we will outline our strategic plan for 2023. One can expect that the extension of exploration along this emerging and highly prospective SE trend will feature prominently,” said GR Silver Mining Chair and CEO Eric Zaunscherb.
GR Silver Mining is up 4 percent, trading at $0.13 at 2:31 p.m. EST.