GR Silver Mining unveils new high-grade results from drill program at San Juan area of the Plomosas silver project

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRSLF) (FRA:GPE) revealed high-grade silver results from a drilling program at the San Juan area of its Plomosas silver project in Mexico. 

New drill results show that high-grade mineralization extends 100 metres (m) to the north along strike in the San Juan vein, the company said. 

Another wide mineralized zone of up to 65m continuous silver was delineated on the footwall of the Yecora vein, defining shallow wide mineralized zones that will be included in an upcoming maiden resource estimate. 

READ: GR Silver Mining expands high-grade silver-gold bulk tonnage zones at Plomosas mine area ahead of resource estimate

The broad interval of silver mineralization on the footwall of the Yecora Vein represents the discovery of a much larger footprint than initially interpreted for this epithermal vein system, supporting potential open pit-amenable zones, Vancouver-based GR Silver said in a statement.

Highlights from the drill results include 2m at 954 grams per ton (g/t) silver, 1.3 g/t gold, 1.2% lead and 1.6% zinc, or 1,177 g/t silver equivalent, including 1m at 1,184 g/t silver, 2.3 g/t gold, 1.3% lead and 0.9% zinc (1,486 g/t silver equivalent).

Other intercepts include 1.1 m at 781 g/t silver, 0.2 g/t gold, 1.5% lead and 0.3% zinc (863 g/t silver equivalent) and 22.3m at 62 g/t silver, 0.3 g/t gold, 0.6% lead and 0.4% zinc (126 g/t silver equivalent).

“We are very pleased to report additional results from the company’s 2021 drilling of the San Juan Area, which in combination with historical drill results, significantly extend shallow high-grade silver vein structures,” CEO Marcio Fonseca told shareholders.

“The results also identify wide mineralization adjacent to existing high-grade silver veins, defining a large epithermal system to support the maiden resource delineation underway for the San Juan Area. These results highlight the potential of three of the six veins in the San Juan Area to host a shallow high-grade resource. The remaining veins at San Juan provide an opportunity for possible future resource estimations.”

GR Silver said it plans to finish the remaining 1,600 m of surface drilling at the San Juan area by the end of May and complete a maiden mineral resource for the wider Plomosas area by the end of 2Q 2021.

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Story by ProactiveInvestors