GR Silver Mining Announces Resumption of Plomosas Silver Project Field Work
GR Silver Mining Announces Resumption of
Plomosas Silver Project Field Work
VANCOUVER, BC
,
May 20, 2025
/CNW/ -
GR Silver Mining Ltd.
("
GR Silver Mining
" or the
"
Company
") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce the
resumption of field work including drilling on the Plomosas Silver Project in
Sinaloa, Mexico
. Although
there had been no incidents of violence on the Company's properties and no threats to the Company
or its employees or consultants in accessing our Project, management had decided to temporarily
pause field work (
news release,
April 29, 2025
) to allow time for the considerable efforts of the
Government of
Mexico
to increase security and stability in the project region.
President and Chief Operating Officer, Márcio Fonseca, noted, "The security situation in the project
region appears to have stabilized based on our observations on site and in extensive discussions
with members of our community and various levels of Government. We are grateful to these
stakeholders for their efforts to improve conditions. Our highly experienced in-country team has
expressed confidence in the current situation and their ability to safely return to active field
exploration. We are very excited to resume sampling and drilling the prospective targets we have
outlined. The exploration team has returned to activities on site prioritizing surface investigations,
prior to conducting step out drilling of high-grade silver results returned from some previous trench
sampling in the NW and SE Extensions of the current NI 43-101 resource."
Previous surface exploratory trench results include:
NW Extension -
56 m
at 196 g/t Ag, including
15 m
at 472 g/t Ag, (
news release,
February 21, 2019
).
New Hydrothermal Breccias (Subparallel Breccias),
12 m
at 323 g/t Ag within a broader zone of
24 m
at 219 g/t Ag, including high-grade Ag up to
1 m
at 974 g/t Ag, (
news release,
May 22, 2019
).
Management believes that these previous results provide further encouragement for potential
expansion of the resource with planned step out drilling.
On
March 3
(
news release
), the Company announced the commencement of a step-out drilling
program aiming to expand the San Marcial mineralization footprint by as much as 350 meters
northwest from the current NI 43-101 resource area, as well as test potential new parallel zones
located immediately to the southeast of the current NI 43-101 resource area. The Company has
completed surface evaluation along 500 meters of strike length, focused on a prospective geological
contact with evidence of silver mineralization and seeking blind targets highlighted in Figure 1. Initial
field results indicate new prospective drilling targets along this potential mineralization footprint
extension.
Noting that the safety of our employees, consultants, suppliers, and community members remains
paramount, management considers it prudent to resume this program while vigilantly monitoring the
situation.
Management continues its assessment of and potential implementation of a Bulk Sampling Test
Mining program at the permitted former Plomosas Mine, similar to the previously announced
successful program completed at the historical San Juan Mine, benefiting from existing permits and
infrastructure on site, and explore opportunities to achieve critical mass in the Mexican silver mining
industry.
About GR Silver Mining Ltd
.
GR Silver Mining is a Canadian-based,
Mexico
-focused junior mineral exploration company engaged
in cost effective silver-gold resource expansion on its 100%-owned assets, located on the eastern
edge of the Rosario Mining District, in the southeast of Sinaloa State,
Mexico
. GR Silver Mining
controls 100% of the Plomosas Project, including the former Plomosas underground mine and wide,
high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km
2
of
highly prospective advanced stage exploration concessions, position the Company well in the pursuit
for resource expansion at the Plomosas Project.
Figure 1 – Location of the NW and SE Extension Zones, as well as drilled and planned drill collars
(CNW Group/GR Silver Mining Ltd.)
GR Silver Mining Ltd.
Eric Zaunscherb, Chair & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press release, the words "estimate",
"project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. Such statements and information reflect the
current view of the Company. Risks and uncertainties may cause actual results to differ materially
from those contemplated in those forward-looking statements and information. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this press release.
SOURCE
GR Silver Mining Ltd.
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For further information:
For further information, please contact: Eric Zaunscherb, Telephone:
+1.647.293.8457, Email: [email protected]
CO: GR Silver Mining Ltd.
CNW 07:30e 20-MAY-25