Tag: La Trinidad project

GR Silver Announces Receipt of Final Prospectus and Automatic Exercise of Special Warrants into Units

MotherlodeTV

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) is pleased to report that it has filed its final short form prospectus dated May 30, 2022 (the “Prospectus“) and obtained a receipt (the “Final Receipt“) with the securities regulatory authorities in the Provinces of British Columbia, Alberta, Manitoba and Ontario.  The Prospectus qualifies the distribution of an aggregate of 27,236,755 units of the Company (each a “Unit“), which are issuable for no additional consideration upon the deemed exercise of 27,236,755 special warrants (each a “Special Warrant“) which were sold pursuant to a brokered private placement offering (the “Offering“) completed by the Company on March 29, 2022 (the “Closing Date“). The Special Warrants were sold at a price of $0.27 per Special Warrant for aggregate gross proceeds of $7,353,923.85.  The Offering was conducted by Beacon Securities Limited and Red Cloud Securities Inc., as co-lead agents, and Echelon Wealth Partners Inc. (collectively, the “Agents“). read more

GR Silver’s Surface Infill Drilling Delivers Wide, High-grade Results at Plomosas: 24.2 m at 1,094 g/t Ag, including 0.6 m at 7,178 g/t Ag in PLS22-005A

MotherlodeTV
Figure 1: Longitudinal Section Plomosas Mine Surface Infill Drilling Results – Ag Block Model (CNW Group/GR Silver Mining Ltd.)
Figure 1: Longitudinal Section Plomosas Mine Surface Infill Drilling Results – Ag Block Model (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces wide and high-grade silver (Ag) results from its surface infill drilling program at the Plomosas Project in Sinaloa State, Mexico. These Ag-rich drilling results are part of the Phase I surface infill drilling program initiated in December 2021 at the Plomosas Mine Area, targeting intervals on the upper levels of the historical Plomosas underground mine where unsampled intervals of historical drill holes within the mineralized zone were assigned zero values, and hence affected the grade of model blocks, in the 2021 NI 43-101 mineral resource estimation. read more

GR Silver Mining Announces $7.02 Million Best Efforts Private Placement of Special Warrants

MotherlodeTV

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company“) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce that it has entered into an agreement with Beacon Securities Limited (“Beacon“), on behalf of a syndicate of agents to be co-led by Beacon and Red Cloud Securities Inc. (collectively, the “Agents“), in connection with a “best efforts” private placement of up to 26,000,000 special warrants of the Company (the “Special Warrants“) at a price of $0.27 per Special Warrant (the “Issue Price“) for aggregate gross proceeds to the Company of up to $7,020,000 (the “Offering“). Each Special Warrant shall be automatically exercisable into one unit of the Company (a “Unit“), as described below. Each Unit shall consist of one common share in the capital of the Company (a “Share“) and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will be exercisable to acquire one Share for a period of 36 months following closing of the Offering at an exercise price of $0.37 per Share. read more

GR Silver Mining Provides Corporate Update

MotherlodeTV

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to provide an update on the Company’s management team. Effective immediately, Company founder, Marcio Fonseca will become President and Chief Operating Officer and Eric Zaunscherb will assume the role of Chief Executive Officer in addition to his position as Chairman of the Board. read more

GR Silver Mining Underground Drill Results Deliver Wide and High-grade Intervals, 38 m at 299 g/t Ag, Including 1,091 g/t Ag over 2.1 m and 1,002 g/t Ag over 3.5 m, Confirming Potential for Resource Expansion at San Marcial Area

MotherlodeTV
Figure 1: Longitudinal section displaying “Ag Grade x Thickness” contours of the San Marcial NI 43-101 resource model and new extensions to the mineralized body down dip and along strike (CNW Group/GR Silver Mining Ltd.)
Figure 1: Longitudinal section displaying “Ag Grade x Thickness” contours of the San Marcial NI 43-101 resource model and new extensions to the mineralized body down dip and along strike (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce additional high-grade silver (Ag) results confirming consistently wide Ag intercepts from underground diamond core drilling at the San Marcial resource expansion program, at the Plomosas Project, Sinaloa, Mexico. These assay results are from the fourth hole of an eight-hole program and indicate the widening of the mineral body at depth and along strike. The successful drill hole confirms a significant expansion of high-grade Ag mineralization approximately 170 m down dip below the lower limit of the San Marcial NI 43-101 mineral resource and approximately 70 m along strike, to the SE of hole SMI21-03 (see News Release dated January 17, 2022) (Figure 1). read more

GR Silver Mining Provides an Update on the 2021 Reconnaissance Drilling Program at the Plomosas Project

MotherlodeTV
Figure 1: View Looking East to the Sierra Madre Occidental – Drill Program Targets (CNW Group/GR Silver Mining Ltd.)
Figure 1: View Looking East to the Sierra Madre Occidental – Drill Program Targets (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to provide an update to the market on our 2021 reconnaissance drilling program at the Plomosas Project, in Sinaloa State, Mexico. This drill program is focused primarily on new areas (Figure 1), recognized as attractive sites for NW or NE trending, high-grade Au-Ag mineralized veins. Additionally, we provide an update on the discovery of the sulphide-rich mineralization in the footwall of the San Marcial resource area (Figure 3). read more

GR Silver Mining Reports Wide Gold and Silver Zones from the Final Drill Holes to be Incorporated into the Plomosas Mine Area Resource Estimation

MotherlodeTV
Figure 1: Drone Image - Plomosas Mine Area, Surface Drill Collars and the New Drilling Area known as Plomosas South (CNW Group/GR Silver Mining Ltd.)
Figure 1: Drone Image – Plomosas Mine Area, Surface Drill Collars and the New Drilling Area known as Plomosas South (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) (“GR Silver Mining” or the “Company”) – is pleased to report assay results from the final drill holes to be incorporated into the resource estimation at the Plomosas Mine Area at the Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. These results represent wide intersections of predominantly gold and silver-rich epithermal veining. read more

GR Silver Mining Reports Near Surface Drill Results from the Plomosas Mine Area

1.2 m @ 817 g/t AgEq1 12.1 m @ 273 g/t AgEq 7.3 m @ 320 g/t AgEq 4.3 m @ 355 g/t AgEq 3.0 m @ 409 g/t AgEq 3.7 m @ 393 g/t AgEq 3.3 m @ 365 g/t AgEq
MotherlodeTV
Figure 1: Plomosas Mine Area: Large Epithermal System with New Discoveries (Drone image) (CNW Group/GR Silver Mining Ltd.)
Figure 1: Plomosas Mine Area: Large Epithermal System with New Discoveries (Drone image) (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to report near surface drill results in the central portion of the Plomosas Mine Area. These results will be incorporated in the database and 3D resource model, with potential for delineation of shallow resources in unmined zones close to existing underground developments in the historic Plomosas Mine Area (Figure 1) at the Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. read more

GR Silver Mining Reports Near Surface High-Grade Silver Drill Results and Gold Discoveries in the Plomosas Mine Area

MotherlodeTV
Figure 1: Plomosas Mine Area: Large Epithermal System with New Discoveries (Drone image) (CNW Group/GR Silver Mining Ltd.)
Figure 1: Plomosas Mine Area: Large Epithermal System with New Discoveries (Drone image) (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF) (“GR Silver Mining” or the “Company”) – is pleased to report near surface drill results delineating continuity of high-grade, narrow silver-gold (Ag-Au) rich epithermal mineralization in the southern limit of the Plomosas Mine. The Plomosas Mine Area is currently undergoing resource estimation and these results will be incorporated in the database allowing expansion of the 3D-model beyond previously modelled zones. The drill results demonstrate intersections of polymetallic-style veins that are common in the Plomosas Mine Area, as well as some new veins hosting only precious metal (Ag-Au) mineralization. The combination of mineralization styles reinforces the large, multi-phase hydrothermal system that the Company has identified in the Plomosas Mine Area (Figure 1) at the Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. read more