GR Silver Mining reports near-surface drill results from Plomosas Mine Area in Mexico

GR Silver Mining Ltd (CVE:GRSL) (FRA:GPE) (OTCQB:GRSLF) has reported near-surface drill results in the central portion of the Plomosas Mine Area in Mexico.   The company said the results will be incorporated in the database and 3D resource model, with potential for delineation of shallow resources in unmined zones close to existing underground developments in the historic mine area at the Plomosas Silver Project in Sinaloa.  "We are very pleased to continue to report successful drilling results following our surface and underground drilling program at the Plomosas Mine Area, and to incorporate these results into the upcoming maiden resource estimation,” said CEO Marcio Fonseca in a statement.  READ: GR Silver Mining takes sole ownership of promising San Marcial project in Mexico after finalizing deal with SSR Mining “To date, the company has released results from 304 drill holes to be included in two maiden resource estimates at (1) the Plomosas Mine Area and (2) the San Juan Area. There are still drill holes pending review and receipt of assays, which the company expects to finalize release by the end of Q2/21. This represents a major milestone in the advance of modern exploration and resource estimation work at the Plomosas Silver Project," Fonseca added. Highlights of the drill results and their preliminary interpretation include: Silver mineralization has been intercepted at shallow depth in areas never drilled before. The results indicate wide mineralized intersections with geometry that is potentially attractive for future open pit development in conjunction with the existing underground mineralization at the Plomosas Mine Area (PLS21-16: 12.1 meters (m) at 273 grams per ton (g/t) silver equivalent); A predominance of underground drilling results in the central part of the Plomosas Mine Area, with composited intervals ranging from 2m to 7m in width, defining good continuity of the polymetallic hydrothermal breccia, hosted by the shallow angle Plomosas Fault; and Presence of wide gold-only mineralized zones (PLI21-08: 6m at 0.25 g/t gold) on the footwall of the Plomosas Fault, indicating the presence of a separate gold mineralized host in the Plomosas Mine Area. GR Silver said it has completed its current diamond drilling program on the Plomosas Mine Area, and these assay results are part of pending assays to be included in the maiden NI 43-101 resource estimation. Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham