GR Silver Mining Announces Board and Management Changes
GR Silver Mining Announces Board and
Management Changes
VANCOUVER, BC
,
July 10, 2023
/CNW/ -
GR Silver Mining Ltd.
("GR Silver Mining" or the
"Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE)
– today announces several
Board and Management changes aiming to position the Company for continued growth under current
market conditions.
The Company has accepted the resignation of Mr.
Gino DeMichele
for personal reasons from its
Board of Directors. Mr. DeMichele has been a director of the Company and its predecessor
company since
April 2017
, providing highly valuable guidance and support over the many years. GR
Silver Mining welcomes the addition of two new directors to its Board of Directors, Mr.
Fernando
Berdegué
de Cima and Mr.
Trevor Woolfe
.
Mr. Berdegué is a Mazatlán-based entrepreneur with a BA Degree in Financial Management from
Instituto Tecnológico de Monterrey and a Masters Degree in International Management from
Instituto de Empresas (IE) Business School in
Madrid, Spain
. He is a Founding Partner and CEO of
Durango Gold Corp., a private US-based mining exploration company, and was a Co-Founder and
Strategic Advisor to Tonogold Resources, Inc., which consolidated the historic Comstock Lode in
Nevada
and where he proposed an innovative multidisciplinary approach for exploration. He brings to
the Company a diverse range of education, experiences, and interests including law and humanities,
environment, sustainability, governance, venture capital, and responsible mining, including extensive
experience in Mexican business as a Member of the Advisory Board of the family business, El Cid
Mega Resorts, in Mazatlán,
Sinaloa Mexico
. Mr. Berdegué, together with current director
Laura
Diaz
, strengthens the board's knowledge and experience in carrying out business in
Mexico
.
Mr. Woolfe is well-known to GR Silver Mining as the Company's former Vice President Exploration
and Corporate Development. He joined the Company in
July 2018
and had been an important
member of the geological team as our understanding of mineralization at the Plomosas Project and,
consequently, our mineral resource inventory, grew. He was key, together with current exploration
management, to the discovery of the SE Area, supporting the Company's resource growth over the
last three years. Mr. Woolfe left the Company to return to his native
Australia
as announced in the
news release
dated
June 14
, however, his deep knowledge of all operations and assets of the
Company in
Mexico
will provide valuable knowledge and experience to support strategic planning in
the coming months. He holds a Bachelor of Science (Honours) degree, majoring in geology, from
Monash University (
Australia
). Prior to joining GR Silver Mining, he brought 25 years of exploration,
mining, and public company management experience, including positions with Australian companies
CRA, Metana Minerals NL and Newcrest Mining Limited, as well as four years with Canadian major,
Placer Dome in
Chile
and
Brazil
. He is a Member of the Australasian Institute of Mining and
Metallurgy, Australian Institute of Geoscientists, a Graduate of the Australian Institute of Company
Directors, and holds a Graduate Certificate in Applied Finance and Investment (SIA).
In addition, the Company announces that it has accepted the resignation of its Chief Financial
Officer, Ms.
Samantha Shorter
for personal reasons. Ms. Shorter was appointed CFO in
May 2023
.
Mr.
Blaine Bailey
, the Company's former CFO who retired in
May 2023
(see
news release
dated
May 5, 2023
), has agreed to return to the Company as Interim CFO with Ms. Shorter's continued
support.
Chair of the Board of Directors
Eric Zaunscherb
, stated, "On behalf of the Board of Directors, the
management, and the Company's shareholders, I wish to thank
Gino DeMichele
for his exceptional
support since the Company's inception. Thank you also to
Samantha Shorter
for her recent
contributions. I wish them both all the best in their future endeavours. I am very pleased to welcome
Blaine Bailey
back in the role of CFO, knowing the Company intimately as he does. Finally, we are
honoured to have Fernando Berdegué and
Trevor Woolfe
joining our board. Fernando brings an
intimate understanding of the Mexican business milieu and a passion for developing Mexican mining
assets in a responsible manner, while Trevor's knowledge and experience and recent discovery of
the SE Area, will provide valuable input in the strategic planning and growth of resources at the
Plomosas Project."
About the Plomosas Project
The Plomosas Project, including the recent high-grade silver SE Area discovery in the San Marcial
Area, is an emerging high-grade silver district located in southern
Sinaloa, Mexico
. The Plomosas
Project, covering 43,187 ha, benefits from mine infrastructure, road access and existing permits,
associated with past-producing historical mining sites. The district contains intermediate to low
sulphidation epithermal silver and gold mineralization hosted in hydrothermal breccias and veins.
Recent success in exploration and drilling has delineated wide, high-grade, shallow hydrothermal
breccias in the San Marcial Area, including the SE Area discovery, where drilling incorporated into
the updated
March 2023
Plomosas Project mineral resource estimation highlighted an exploration
opportunity for continuous resource growth.
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 two past producer precious metal underground and open pit mines, within the
expanded Plomosas Project, which includes the integrated San Marcial Area and
La Trinidad
acquisition. In conjunction with a portfolio of early to advanced stage exploration targets, the
Company holds 734
km
2
of concessions containing several structural corridors totaling over 75 km in
strike length.
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:
Eric Zaunscherb, Telephone: +1.647.293.8457, Email:
CO: GR Silver Mining Ltd.
CNW 07:30e 10-JUL-23