Zaunscherb, a trained geologist, has over 32 years of experience as a mining analyst and most recently served as Managing Director, Research – Metals & Mining Analyst at Canaccord Genuity.
The new board member said he was “very excited” to join the Vancouver-based company’s board of directors, saying it was well-positioned to further exploration in Mexico’s historic Rosario Mining District in Sinaloa.
“Management deserve credit for assembling this prospective land package while maintaining a robust capital structure in these challenging times,” Zaunscherb said in a statement.
GR Silver CEO Marcio Fonseca said the firm was pleased to welcome Zaunscherb to its board.
“We are confident that we can harness his capital markets and technical expertise as we advance our exciting project portfolio,” Fonseca said.
The firm said it has granted 300,000 stock options to Zaunscherb at an exercise price of C$0.20 for a five-year period.
GR Silver also said director Darren Bahrey has resigned from the board. Bahrey was one of the co-founders of the company and was instrumental in its development, GR Silver said, wishing him the best in his future endeavours.
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