GR Silver Mining Announces Temporary Plomosas Silver Project Field Work Pause
GR Silver Mining Announces Temporary
Plomosas Silver Project Field Work Pause
VANCOUVER, BC
,
April 29, 2025
/CNW/ -
GR Silver Mining Ltd.
("
GR Silver Mining
" or the
"
Company
") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – announces that the
Company has temporarily paused field work on the Plomosas Silver Project in
Sinaloa, Mexico
.
Although there have 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 has decided to
temporarily pause field work to allow time for the considerable efforts of the Government of
Mexico
to increase security and stability in the project region.
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.
The Company has drilled and sampled the first hole of its initial program in the NW Extension zone,
Figure 1, representing a step-out drilling program from the current resource area. It has also
completed surface evaluation along 500 meters of strike length, focused on a prospective geological
contact with evidence of silver mineralization and seeking blind targets like that highlighted in Section
A-B (Figure 2). Initial field results indicate new prospective drilling targets along this potential
mineralization footprint extension.
Figure 1 – Location of the NW Extension Zone and New Surface Exploration (CNW Group/GR Silver
Mining Ltd.)
Figure 2: Geological Section A-B, SE Discovery Area, delineation of a wide, mineralized silver zone
(CNW Group/GR Silver Mining Ltd.)
This program will resume when management considers it prudent to do so, as the safety of our
employees, consultants, suppliers, and community members is paramount. In the interim, our
geologists and other staff will continue their work based at our office in
El Rosario
, nearby the
Plomosas Silver Project. Exploration work at the
Rosario
office will comprise of continuous data
modelling of the information collected to date, which support the presence of newly discovered,
wide, high-grade silver-dominant hydrothermal breccias in the vicinity of the San Marcial resource
area.
Management will continue third-party discussions to facilitate commencement of a Bulk Sampling
Test Mining program at the permitted former Plomosas Mine 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.
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 29-APR-25