leadf
logo-loader
viewGR Silver Mining

GR Silver Mining says current drilling at Plomosas continues to show potential large hydrothermal system

Based on positive results, the group has added a rig and now has five drills turning - three at the Plomosas Mine Area and two at the San Juan Area

GR Silver Mining -
The initial 4,500m surface core drilling program has also been increased to 11,900m, aiming to delineate a much larger initial resource footprint in both areas

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) (FRA:GPE) posted encouraging drill results from its Plomosas silver project in Mexico, which it said continues to validate a potential large hydrothermal system at the Plomosas mine area. 

Based on positive results, the group has added a rig and now has five drills turning - three at the Plomosas Mine Area and two at the San Juan Area. 

READ: GR Silver Mining trumpets silver contrate levels in underground bulk sample from Mexico project

The initial 4,500 metres (m) surface core drilling program has also been increased to 11,900m, aiming to delineate a much larger initial resource footprint in both areas.

In a statement, chief executive Marcio Fonseca said current drilling had identified a wide mineralized corridor on the hanging wall of the Plomosas Fault, with attractive precious and base metals grades.

"Our integration of the recent and historic drilling data continues to define new Au-Cu-Ag-Pb-Zn mineralized structures and is discovering several attractive, near surface Pb-Zn zones. The integration of all data for the first time in a 3D-model, is a valuable exploration tool to maximize the opportunity to continue to drill and expand the footprint of the potential resource area."

Latest drill assay highlights include 4.2m at 778 grams per ton (g/t) gold-equivalent and 7.3m at 800 g/t gold-equivalent.

At Plomosas, the company earlier kicked off an 11,900m drilling program with surface holes focused on expanding known mineralization along strike in two initial areas - the Plomosas Mine Area and the San Juan Area.

Both areas will be the subject of NI 43-101 resource estimates following completion of the drilling.

Plomosas is a past-producing asset, where only one mine, the Plomosas silver-gold-lead-zinc underground mine, operated from 1986 to 2001.

The project spans 8,515 hectares and lies within 5km of the GR Silver's San Marcial Silver project in the southeast of Sinaloa State, Mexico.

Contact the author at giles@proactiveinvestors.com

Quick facts: GR Silver Mining

Price: 0.65 CAD

TSX-V:GRSL
Market: TSX-V
Market Cap: $83.91 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of GR Silver Mining named herein, including the promotion by the Company of GR Silver Mining in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

GR Silver Mining reports more very strong assays from San Juan area of...

GR Silver Mining (CVE: GRSL- OTCQB: GRSLF) CEO Mario Fonseca joined Steve Darling from Proactive to share some impressive results from the San Juan Area of their Plomosas Project. Fonseca telling Proactive about the numbers and why he feels this area will be very key and that's why they plan...

3 days, 11 hours ago

2 min read