Wednesday, September 8, 2021


GR Silver Mining Broadcasts Excessive-Grade Au-Ag Discovery on the GAP Space

Channel sampling highlights embrace: 0.30 m @ 10.72 g/t Au and 251 g/t Ag 0.35 m @ 0.81 g/t Au…

By Staff , in Silver , at September 8, 2021


Channel sampling highlights embrace:

  • 0.30 m @ 10.72 g/t Au and 251 g/t Ag
  • 0.35 m @ 0.81 g/t Au and 1,450 g/t Ag
  • 0.30 m @ 2.77 g/t Au and 363 g/t Ag

Rock chip sampling highlights embrace:

  • 0.54 g/t Au with 3.5% Pb and 11.8% Zn
  • 1.60 g/t Au with 440 g/t Ag
  • Outcomes to be adopted up by not too long ago introduced floor core drill program

GAP Space Discovery

For the reason that acquisition of 100% of the concession containing the GAP Space in March 2021, GR Silver Mining’s group has superior an exploration program that hyperlinks the San Marcial, San Juan and Plomosas Areas. The Firm now controls seven kilometres of structural development between San Marcial and San Juan, which hosts the brand new GAP Space discovery (Determine 1).

Over the previous months, the Firm has accomplished geological mapping, reconnaissance of outdated workings, a floor geophysical survey and picked up channel samples over an in depth epithermal vein system inside the GAP Space. This key zone hyperlinks two areas that now host NI 43-101 mineral useful resource estimates1,2, and has not beforehand been explored.

Preliminary reconnaissance and sampling point out that the high-grade Au-Ag concentrations are related to effectively zoned, low-temperature epithermal veins and embrace amethystine quartz, amongst different quartz varieties, and with low sulphide content material. Regionally, among the veins exceed 10% mixed lead and zinc (Desk 1). Systematic sampling of the completely different veins led to the definition of a 2 km2 massive potential zone within the GAP space.

The mapped geology exhibits that the volcaniclastic-sedimentary and andesitic tuff items that host the veins within the GAP Space are prone to be underlain by a number of intrusive diorite plugs.

GR Silver Mining’s discovery of Au-Ag wealthy veins within the GAP Space helps the proposed mannequin of a giant district-scale vein and breccia system between the San Marcial and San Juan Areas. The GAP Space is one in every of 5 new areas within the Firm’s present drill program, which is testing areas exterior of the not too long ago introduced NI 43-101 mineral useful resource estimates2.

Desk 1: Selective Channel Pattern and Rock Chip Assay Outcomes – Information Launch September 8, 2021

Samples

Pattern Kind

UTM North

UTM East

Obvious 
width*
(m)

Au g/t

Ag g/t

Pb %

Zn %

19322 – 19324

Channel Pattern

2547027

448314

0.9

3.76

137

0.1

0.4

consists of

Channel Pattern

2547027

448314

0.3

10.72

251

0.1

0.5

15665

Channel Pattern

2546849

448205

0.4

3.76

142

na

na

15672

Channel Pattern

2546739

448334

0.35

0.81

1,425

0.1

na

19326 – 19328

Channel Pattern

2547027

448314

1.3

1.30

96

0.2

0.7

consists of

Channel Pattern

2547027

448314

0.4

3.06

155

0.5

1.6

15662

Channel Pattern

2546846

448195

0.9

2.87

156

na

na

15641 – 15643

Channel Pattern

2546806

448173

0.9

1.08

129

na

na

consists of

Channel Pattern

2546806

448173

0.3

2.77

363

na

na

15635

Rock Chip Pattern

2546760

448264

1.09

36

na

na

18363

Rock Chip Pattern

2546847

448213

4.75

230

na

na

15681

Rock Chip Pattern

2546527

448173

1.06

488

na

na

15688

Rock Chip Pattern

2547432

448046

0.54

12

3.5

11.8

15695

Rock Chip Pattern

2547016

448324

1.60

440

0.1

0.1

15706

Rock Chip Pattern

2544575

448009

0.48

64

14.7

0.7

*

Channel pattern widths are obvious widths solely. Inadequate structural info is on the market at this stage to estimate true width with confidence.


Selective pattern outcomes on this desk characterize outcomes with gold >1.0 g/t Au, or silver >200 g/t Ag, or lead+zinc >10% Pb+Zn. na = no important end result (<0.1%)

________________________________

1

See Information Releases dated February 7, 2019 and June 12, 2020 (San Marcial)

2

See Information Launch dated August 23, 2021 (San Juan/ Plomosas)

Determine 1 – Geologic Map of the GAP Space with pattern areas and highlights of high-grade Au-Ag outcomes

* 

See right here for location of the GAP Space on the Plomosas Challenge

GR Silver Mining President and CEO, Marcio Fonseca commented “The progress of GR Silver Mining’s exploration program in new areas continues to ship constructive outcomes. We’re inspired by the preliminary outcomes from the GAP Space, in addition to the magnitude of the epithermal system primarily based on our first ever sampling program. Drilling is deliberate to additional take a look at the high-grade mineralization within the GAP Space. These first high-grade gold and silver values present that the GAP Space has important potential to attach the seven kilometre lengthy vein system from San Marcial to San Juan, as one other step in consolidating the mineral potential of the complete Plomosas Challenge.”

Certified Particular person

The scientific and technical knowledge contained on this Information Launch associated to the exploration program had been reviewed and/or ready below the supervision of Marcio Fonseca, P. Geo. He has accepted the disclosure herein.

About GR Silver Mining Ltd.

GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration firm engaged in cost-effective silver-gold useful resource growth on its 100%-owned property, situated on the jap fringe of the Rosario Mining District, within the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of two previous producer treasured metallic underground and open pit mines, inside two contiguous Tasks – La Trinidad and Plomosas (which incorporates the built-in San Marcial Space). Along with a portfolio of early to superior stage exploration targets, the Firm holds 778 km2 of concessions containing a number of structural corridors totaling over 75 kilometres in strike size.

GR Silver Mining Ltd.
Mr. Marcio Fonseca, P. Geo.
President & CEO

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Cautionary Assertion Relating to Ahead-Trying Data

This press launch incorporates “forward-looking statements” inside the which means of relevant Canadian securities laws and knowledge which might be primarily based on the beliefs of administration and replicate the Firm’s present expectations. When used on this press launch, the phrases “estimate”, “challenge”, “perception”, “anticipate”, “intend”, “anticipate”, “plan”, “predict”, “could” or “ought to” and the detrimental of those phrases or such variations thereon or comparable terminology are supposed to determine forward-looking statements and knowledge. Such statements and info replicate the present view of the Firm. Dangers and uncertainties could trigger precise outcomes to vary materially from these contemplated in these forward-looking statements and knowledge. By their nature, forward-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger our precise outcomes, efficiency or achievements, or different future occasions, to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements.

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this press launch.

SOURCE GR Silver Mining Ltd.

For additional info: Brenda Dayton, VP Company Communications, Phone: +1.604.558.6248, E-mail: [email protected]

Associated Hyperlinks

https://www.grsilvermining.com/



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