Tag: TSXV;GRSL

GR Silver Mining Announces Closing of $7.35 Million Private Placement Offering of Special Warrants

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GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce that it has completed its previously announced (see news release dated March 10, 2022) best-efforts private placement offering (the “Offering”), issuing 27,236,755 special warrants of the Company (the “Special Warrants”) at a price of $0.27 per Special Warrant (the “Issue Price”) for aggregate gross proceeds of $7,353,923.85, including 1,236,755 Special Warrants sold pursuant to the partial exercise of the option granted to the Agents (as defined herein) pursuant to the Agency Agreement (as defined herein). read more

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

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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

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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 Defines New High-Grade Gold Zones Parallel to the Plomosas Vein System, Including 0.4 m at 9.7 g/t Au and 2.0 m at 4.45 g/t Au

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Figure 1: Geological Map of the Trampolín and Corta Pico Vein Systems (CNW Group/GR Silver Mining Ltd.)
Figure 1: Geological Map of the Trampolín and Corta Pico Vein Systems (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 report first exploration results for the Trampolín and Corta Pico vein systems, representing a set of N-S and NE-SW trending veins, located between the Plomosas and Loma Dorada vein systems. The Trampolín vein system can be considered the NE extension of the San Juan vein system, expanding the footprint of Au mineralization over 1,300 m to the NE (Figure 1). The results from Trampolín and Corta Pico confirm the presence of two Au-rich epithermal vein systems with the potential for higher-grade Au and Ag mineralization at depth. Mineralization at Trampolín and Corta Pico remains open along strike and down dip for future drilling. read more

GR Silver Mining Announces Exploration Results 2.3 m at 16.45 g/t Au & 244 g/t Ag at Loma Dorada – La Colorada

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Figure 1: Geological Map of the Loma Dorada – La Colorada Vein System (CNW Group/GR Silver Mining Ltd.)
Figure 1: Geological Map of the Loma Dorada – La Colorada Vein System (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FSE: GPE) – is pleased to announce gold (Au) and silver (Ag)-rich vein intercepts from the Loma Dorada – La Colorada Vein System, within the Plomosas Project, Sinaloa, Mexico. The new channel and drill results demonstrate the presence of NW oriented Au-Ag rich structures and an additional 250 m extension of veins to the south of previous drill hole results. A part of the La Colorada Vein System is currently being mined within a third party-owned concession with extensions of that Au-Ag mineralization extending into GR Silver Mining’s adjacent mineral concessions. The Company is currently mapping the third party mine workings to collect geological information as a guide to upcoming resource expansion drilling in the area. 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

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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 Completes Sale of Non-Core Concessions

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Figure 1: Location of El Salto and El Salto Sur concessions and the GR Silver (CNW Group/GR Silver Mining Ltd.)
Figure 1: Location of El Salto and El Salto Sur concessions and the GR Silver (CNW Group/GR Silver Mining Ltd.)

 GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces the sale of two non-core concessions, El Salto and El Salto Sur (the “Concessions”), which were acquired from Mako Mining Corp. on March 31, 2021, to Grupo Minero Venturex S.A. DE C.V. (“Venturex”), a private Mexican company. read more

GR Silver Mining Announces Discovery of Mineralized Veins at the Plomosas Project – Loma Dorada Target including: 1.0m at 5.23 g/t Au and 166 g/t Ag

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Figure 1: Location of the Loma Dorada Target to the NNW of the San Juan Area (drone image) (CNW Group/GR Silver Mining Ltd.)
Figure 1: Location of the Loma Dorada Target to the NNW of the San Juan Area (drone image) (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces the discovery of a gold-silver rich mineralized zone and the presence of narrow epithermal veining resulting from the initial reconnaissance drilling at Loma Dorada, within the Company’s Plomosas Project, in Sinaloa State, Mexico. read more

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

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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 Completes Extensive IP and Ground Magnetic Geophysical Survey Connecting the San Marcial and San Juan Areas

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Figure 1 Magnetic Data, Chargeability, Resistivity and Geology Maps connecting the San Marcial, GAP and San Juan Areas (CNW Group/GR Silver Mining Ltd.)
Figure 1 Magnetic Data, Chargeability, Resistivity and Geology Maps connecting the San Marcial, GAP and San Juan Areas (CNW Group/GR Silver Mining Ltd.)

GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces the completion of the 3D DC resistivity, induced polarization (“IP”) and ground magnetic geophysical survey covering over 7 km of prospective structural corridor as first step of a district-scale generative exploration program at the Plomosas Project, Sinaloa, Mexico. read more