GR Silver Mining Reports Silver Discoveries at Plomosas Project
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GR Silver Mining Reports Silver Discoveries at Plomosas Project

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Fernando Mares By Fernando Mares | Journalist & Industry Analyst - Mon, 01/16/2023 - 16:06


Canada-based company GR Silver Mining announced significant silver mineralization discoveries at its Plomosas Project in Sinaloa. The company says these discoveries open up the potential to expand silver mineralization boundaries since they provide important geological information. 

GR Silver provided the results from its additional surface drilling program within the San Marcial property’s Southeast (SE) area, part of Plomosas. GR Silver drilled six holes, which the company believes could expand silver mineralization boundaries as each of the holes adds attractive silver results and geological information. “As we close to the San Marcial database for the resource estimation scheduled this quarter, we are excited by the potential contribution of the new SE area discovery. San Marcial continues to deliver high-grade precious metal interval within broad, well-mineralized masses,” said Eric Zaunscherb, CEO, GR Silver Mining. 

GR Silver reported that with the completion of the drill holes, it has now completed all holes planned to be incorporated into the 3D geological model. Therefore, the company expects to deliver the resource estimation during 1Q23 adding as well as combine updated mineral resource estimates for the Plomosas Mine and the San Juan-La Colorada areas. The estimation will comprise 75 drill holes that will be added to the 52 holes used in the 2019 San Marcial Mineral estimation. “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 delivery of the updated mineral resource, we will outline our strategic plan for 2023 and one can expect that the extension of exploration along this emerging and highly prospective SE trend will feature prominently,” Zauscherb said. 

One of Plomosas’ highlights in 2022 occurred on Aug. 8, 2022, when the company discovered high-grade mineral deposits in the southeastern stretch of the San Marcial area. GR Silver intersected 308g/t Ag, including multiple intervals of 1,000g/t Ag.

The Plomosas project has always been considered a strategic asset for GR Silver. At Mexico Mining Forum 2022, Marcio Fonseca, President and COO, GR Silver Mining, expressed his optimism in the early exploration stage. He said that the company is well-positioned for continuous value growth because of its focus on strategic assets that have historically yielded gold and silver mineralization.
 

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