GR Silver Mining Terminates the Marlin Gold Disposition
GR Silver Mining Terminates the Marlin Gold
Disposition
VANCOUVER, BC
,
June 24, 2024
/CNW/ -
GR Silver Mining Ltd.
("
GR Silver Mining
" or the
"
Company
") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is providing an update on the
proposed transaction announced
April 29, 2024
(
news release
) pursuant to which a private, arm's
length Mexican company was to acquire from the Company 100% of the issued and outstanding
shares of Marlin Gold Mining Ltd. ("
Marlin
"), a private
British Columbia
company. GR Silver Mining
has terminated the Share Purchase Agreement as the Closing was not completed by the Closing
Deadline.
GR Silver Mining is moving forward with several other initiatives to advance its plans to focus on
resource growth and the potential development of the Company's core Plomosas Project (78 km
2
),
including the San Marcial, Plomosas Mine, and San Juan Areas. The Company retains its interest in
a total of 734 km
2
of concessions in the prolific
Rosario
District in
Sinaloa, Mexico
, including the
former
La Trinidad
oxide gold mine.
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 former Plomosas underground mine within the Plomosas Project, which
includes the integrated San Marcial Area. In conjunction with a portfolio of early to advanced stage
exploration targets, the Company holds 78 km
2
of highly prospective core concessions and an
additional 656 km
2
of non-core concessions.
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 07:41e 24-JUN-24