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GR Silver Mining continues to report encouraging drill results from its Plomosas Silver project

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GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) (FRA:GPE) continues to report encouraging drill results from its Plomosas Silver project, which augur well for its planned resource estimate for two areas – Plomosas and San Juan – earmarked to be completed in the second quarter this year.  

Highlight assays include 2.5 metres (m) at 2,195 grams per ton (g/t) silver, 1.12 g/t gold, including an intercept of 0.85m at a grade of 5,600 g/t silver and 1.04 g/t gold.  

READ: GR Silver Mining says latest results from Plomosas silver project continue to show potential for district-scale mineralization

The company said these latest assays continue to show high-grade silver-gold epithermal mineralization in the San Juan area of the project and the expansion of the mineralized trend southwards towards the nearby San Francisco vein.

“The company continues to outline a much larger epithermal system in the San Juan Area of the Plomosas project,” noted GR Silver’s president and CEO Marcio Fonseca.

“The recent drilling data at the San Francisco Vein delineates additional zones of epithermal veining and hydrothermal breccias, extending existing structures 200m to the south. The integration of the San Juan Area with the potential acquisition of concessions between the San Marcial and Plomosas projects delineates an initial 4km long, 100%-controlled north-south mineralized corridor.

“This corridor represents only one of the nine mineralized corridors under exploration by the company inside the Plomosas Silver project. Our 2021 drilling program is focused on the resource estimation for the San Juan and Plomosas Mine Areas, and it will also target potential high-grade Ag-Au discoveries in the nine mineralized corridors that have been identified to date in the Plomosas project.”

GR Silver Mining reckons that Plomosas represents a district-scale project.

It says the Plomosas Mine Area displays evidence of a 600m long epithermal system, potentially extending up to 1.2km, where multiple veins and discoveries have so far defined a much larger high-grade silver and gold mineralized footprint.

Contact the author at [email protected]

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/941585/gr-silver-mining-continues-to-report-encouraging-drill-results-from-its-plomosas-silver-project-941585.html


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