GR Silver Mining says Eric Zaunscherb will become non-executive chairman from July 1

GR Silver Mining Ltd (CVE:GRSL) (OTCQB:GRLSF) (FRA:GPE) has appointed its director Eric Zaunscherb as its new non-executive chairman effective July 1 this year. 

Zaunscherb has more than 30 years of experience as a mining and capital markets analyst and been a director of GR Silver since April 2020. 

His “significant” experience in the capital markets and expertise in identifying and adding value to district-scale mineral deposit opportunities are of notable value, given the company’s focus on its 100%-owned leading portfolio of silver-gold assets in the Rosario mining district in Mexico, said GR Silver CEO Marcio Fonseca. 

READ: GR Silver Mining kicks off 14,000 metres drill program focused on untested silver- and gold-rich veins at the Plomosas project 

Zaunscherb said he was “very honoured” by the appointment. 

“Management has created an extraordinary opportunity, beginning with the artful consolidation of the highly prospective Rosario Mining District around the La Rastra community in Sinaloa, Mexico, growing a respectful and productive relationship with the people of the surrounding communities, and building a powerful team of geologists, technicians, and support staff.

“This team is successfully peeling the geological onion, expanding known mineralization and generating exciting new targets. I am excited to contribute to the company’s efforts for the benefit of its stakeholders.”

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 around 8 million ounces of silver, 73 million pounds of lead and 28 million pounds of zinc.

The firm also acquired the advanced La Trinidad project and the Cimarron project in Mexico in March this year.

The company said the Plomosas, San Marcial and La Trinidad projects collectively resemble the multi-million-ounce San Dimas mining district, which has historically produced more than 600 million ounces (Moz) silver and 11 Moz gold over more than 100 years.

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Story by ProactiveInvestors