Tag: Plasmosa Silver Project

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

MotherlodeTV
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