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GR Silver (TSXV:GRSL) hits high-grade precious metals

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TSXV:GRSL
15 December 2022 12:45 (EDT)

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GR Silver Mining (GRSL) has announced additional gold-silver-zinc-copper-lead results from the Plomosas Mine Area on the Plomosas Project in Mexico.

Five holes reported today highlighted the continuing gold-silver-zinc-copper-lead mineralization, with high grades of silver found in every hole and one with high-grade gold.

Gold mineralized zones exceeding 20 metres downhole width have been drilled in the current program in the hanging wall and footwall. Multiple drill hole intervals with high-grade veinlets have been intersected in these zones.

GR Silver’s Chairman and CEO, Eric Zaunscherb, sat down with Daniella Atkinson to discuss the results.

“Our most recent results confirm that younger, crosscutting structures appear to be contributing additional precious metals mineralization in the main polymetallic Plomosas breccia and beyond into its hanging wall and footwall… the emerging understanding of controls on high-grade mineralization has already had a material impact on drilling success at the Plomosas Project, as well as how the project is viewed.”

The drilling focused on specific locations where previous resource modelling and estimation adopted zero grades for unsampled core intervals from historical drilling and defined new gold mineralization on the hanging wall of the main mineralized zone at lower levels of the underground mine.

The company expects drilling in the Plomosas Mine Area to be completed by the end of this month. This will be incorporated into the updated resource estimation expected to be published early next year.

GR Silver Mining Ltd. (GRSL) is unchanged, trading at $0.14 per share as of 2:27 p.m. EST.


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