GR Silver Mining (TSX-V:GRSL) Ltd announced new channel and drill results from the Loma Dorada-La Colorada vein system within its Plomosas project in Mexico, which included 2.3 metres (m) of 16.45 grams per tonne (g/t) gold and 244 g/t silver.
The company said the results demonstrate the presence of northwest oriented gold-silver rich structures and an additional 250m extension of veins to the south of previous drill-hole results.
“Results from the 2021 exploration program at the Loma Dorada target indicate that several of the vein structures have strong continuity, over a strike length that has increased to approximately 600m and are still open to the south,” GR Silver Mining (TSX-V:GRSL) CEO Marcio Fonseca said in a statement.
READ: GR Silver Mining reports more drill results from underground program at San Marcial, which augur well for resource expansion
“In the La Colorada section of this vein system, where a small mine operation is currently ongoing in a third party-owned concession, the company has received strong gold-silver channel sample results located to the northwest of the main mineralization, extending from the third-party concession into GR Silver Mining (TSX-V:GRSL)'s concessions, providing encouragement for drill hole results currently pending from this same area,” Fonseca added.
GR Silver noted the high-grade vein structures extending from the La Colorada historical mine support the presence of “attractive” drilling targets for resource expansion in this area.
The company added that it is currently mapping the third-party mine workings to collect geological information as a guide to the upcoming resource expansion drilling.
GR Silver Mining's 6,574 hectare Plomosas silver project is within 5 kilometres 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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