GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRLSF) (FRA:GPE) reported assay results from its Plomosas Silver Project in Mexico, which included 41.7 metres (m) of 1.13 grams per tonne (g/t) gold as well as 13.0m of 328 g/t silver, 1.2% zinc, and 0.1% copper.
The company said the results, which represent wide intersections of predominantly gold and silver-rich epithermal veining, are from the final drill holes that will be incorporated into the resource estimation at the Plomosas Mine Area.
“This final batch of drilling results from drill holes PLI21-10 and 14, represent a step out of approximately 150m to the north from the closest underground information in the Plomosas Mine Area,” GR Silver Mining CEO Marcio Fonseca said in a statement.
READ: GR Silver Mining kicks off 14,000 metres drill program focused on untested silver- and gold-rich veins at the Plomosas project
“As a result, they confirm the presence of attractive gold and silver epithermal mineralization in unmined zones of the historic Plomosas Mine Area,” Fonseca added.
“These results represent the delineation of new prospective host rocks defining additional targets for future drilling beyond the area of the maiden resource estimation, which is currently in progress.”
As well, GR Silver noted the discovery of precious metal only mineralized epithermal veins has encouraged it to pursue an extensive surface core drilling program, outside of areas under resource estimation such as at Plomosas South, with the objective of identifying new discoveries in the second half of 2021.
GR Silver Mining's 6,574 hectares (Ha) Plomosas silver project is within 5 kilometres (km) of the company's San Marcial silver Project, in the Rosario district and is a past-producing asset, where only one mine operated from 1986 to 2001, producing about 8 million ounces of silver, 73 million pounds of lead and 28 million pounds of zinc.
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