Tag: Mexico

GR Silver Mining Announces $6 Million Bought Deal Financing

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V.GRSL, GR Silver Mining, silver, gold, Mexico

GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – announces that it has entered into an agreement with Beacon Securities Limited (the “Lead Underwriter“), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 22,300,000 units (“Units“) at a price of $0.27 per Unit (the “Issue Price“) for aggregate gross proceeds to the Company of $6,021,000 (the “Offering“).  Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant“).  Each Warrant will be exercisable to acquire one common share for a period of 12 months following closing of the Offering at an exercise price of $0.40 per share. read more

GR Silver Mining Provides an Update on Gold and Silver Exploration Results at the San Marcial Project

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1: San Marcial Tunnel – (a) Mapping/sampling and (b) Underground Development (CNW Group/GR Silver Mining Ltd.)
Figure 1: San Marcial Tunnel – (a) Mapping/sampling and (b) Underground Development (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to announce that ongoing exploration continues to confirm substantial gold and silver potential at the San Marcial Project (“San Marcial”) in Sinaloa, Mexico. read more

GR Silver Mining Reports Further Drill Results from San Juan at the Plomosas Project: 2.7 m at 1,304 gpt AgEq* and 3.6 m at 675 gpt AgEq*

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1: Drill Hole Collar Locations– Mineralized Structures (San Juan Area) (CNW Group/GR Silver Mining Ltd.)
Figure 1: Drill Hole Collar Locations– Mineralized Structures (San Juan Area) (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to report additional high-grade drill results at its 100% owned Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. These results are located in the San Juan area, one of six priority areas with a combination of recent (2016 to 2018) and historical drill data being released by the Company (See Drone Image). read more

GR Silver Mining Completes Second Option Payment under San Marcial Option Agreement

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V.GRSL, GR Silver Mining, silver, gold, Mexico

GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – announces that it has now made the second option payment as required under the San Marcial option agreement dated April 17, 2018 (refer to May 7, 2018 press release for further details), which included, in part, the issuance of 750,000 common shares to the optionor.  As required by applicable securities law and the policies of the TSX Venture Exchange, the shares are subject to a hold period expiring September 2, 2020. read more

GR Silver Mining Identifies Additional High-Grade Drill Results at Plomosas

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1: Cross Section - Drill Hole Collar Locations and Geology – Mineralized Structures (Plomosas Mine Area), View North (CNW Group/GR Silver Mining Ltd.)
Figure 1: Cross Section – Drill Hole Collar Locations and Geology – Mineralized Structures (Plomosas Mine Area), View North (CNW Group/GR Silver Mining Ltd.)
  • 1.7 m at 26.9 gpt Au
  • 3.0 m at 11.9 gpt Au
  • 51.4 m at 6.0 % Zn and 4.8% Pb
  • 13.6 m at 15.5% Zn, 15.7%Pb, 1.9 gpt Au and 65 gpt Ag

VANCOUVER, April 23, 2020 /CNW/ – GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to announce that it has identified more high-grade drill results at Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. The latest results are located in the Plomosas Mine Area, one of six priority areas with a combination of recent (2016 to 2018) and historical drilling data being released by the Company (See Drone Image). The most significant drill hole results for this release include the following: read more

GR Silver Mining Reports High-Grade Drill Results from Plomosas Project: 3.5 m at 2,930 gpt AgEq*, including 0.7 m at 13,335 gpt AgEq*

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1: Drill Hole Collar Location and Geology – Mineralized Structures (San Juan area only) (CNW Group/GR Silver Mining Ltd.)
Figure 1: Drill Hole Collar Location and Geology – Mineralized Structures (San Juan area only) (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver” or the “Company”) – is pleased to announce high-grade drill results for the San Juan area at Plomosas Silver Project (“Plomosas Project”), in Sinaloa, Mexico. San Juan is one of six priority areas with a combination of recent (2016 to 2018) and historical drilling data. The most significant sample results for this release represent the following: read more

GR Silver Mining Reports High-grade Underground Sampling Results at Plomosas, Including Assays up to 6,128 gpt Ag over 0.2 meters.

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1- Location – Underground Workings – Channel Sampling San Juan Vein (CNW Group/GR Silver Mining Ltd.)
Figure 1- Location – Underground Workings – Channel Sampling San Juan Vein (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver” or the “Company”) – is pleased to announce assay results for initial underground channel sampling from the San Juan underground workings at the recently acquired Plomosas Silver Project (“Plomosas”), in Sinaloa, Mexico. San Juan is one of six priority areas with underground development not yet exploited by previous owners (view photo here). The underground workings at San Juan have recently been rehabilitated by GR Silver to allow for this initial sampling program. The company is currently validating all recent and historical information, including the review of over 500 drill holes in the six priority areas and sampling mineralized zones, aiming to complete multiple resource estimations in 2020. read more

GR Silver Mining Closes Acquisition of the Plomosas Silver Project

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1: Landsat Image of Plomosas Silver Project – Known Veins – Mineralized Structures (CNW Group/GR Silver Mining Ltd.)
Figure 1: Landsat Image of Plomosas Silver Project – Known Veins – Mineralized Structures (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver” or the “Company”) – further to its news release of March 2, 2020, the Company is pleased to announce that it has now completed the acquisition of the Plomosas Silver Project (“Plomosas Project“) from First Majestic Silver Corp. (NYSE: AG,TSX: FR, FRANKFURT: FMV) (“First Majestic“). read more

GR Silver Mining Signs Definitive Agreement with First Majestic for the Acquisition of the Plomosas Silver Project

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V.GRSL, GR Silver Mining, silver, gold, Mexico
Figure 1 – Landsat Image Plomosas Silver Project – Targets – Known Veins – Mineralized Structures. (CNW Group/GR Silver Mining Ltd.)
Figure 1 – Landsat Image Plomosas Silver Project – Targets – Known Veins – Mineralized Structures. (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver” or the “Company”) – further to its news release of January 7, 2020, the Company is pleased to announce that it has signed a definitive binding Share Purchase Agreement pursuant to which the Company, through its Mexican subsidiary, will acquire all of the shares of Minera La Rastra S.A. de C.V. (“Minera La Rastra“) from First Majestic Silver Corp. (NYSE: AG,TSX: FR, FRANKFURT: FMV) (“First Majestic“). Upon completion of this transaction, it will hold 100% of the Plomosas Silver Project (“Plomosas Project“), a portfolio with significant exploration potential for the development of the mineral resources from existing inventories and for new discoveries in 2020. read more