GR Silver Mining Ltd. (TSX-V: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) reports the Company’s unaudited financial results for the third quarter ended September 30, 2022. The condensed consolidated interim financial statements and management’s discussion and analysis for the third quarter ended September 30, 2022 are available under the Company’s SEDAR profile on www.sedar.com or on GR Silver’s website www.grsilvermining.com.
Highlights of Q3|2022
GR Silver Mining Chairman and CEO, Eric Zaunscherb comments “In the year to date, GR Silver has successfully advanced the Plomosas Project with purposeful drilling and resultant new mineralization discoveries incremental to the existing mineral resource estimates. We have been able to advance the project as a result of the skills of our excellent team in Mexico, the support of our capital markets partners that helped the company to attract new capital, and the welcome support of our new and existing shareholders. We are excited about the integrated mineral estimate to come, as well as the results of ongoing exploration in the new year.”
The Company has implemented QA/QC procedures which include insertion of blank, duplicate and standard samples in all sample lots sent to SGS de México, S.A. de C.V. laboratory facilities in Durango, Mexico, for sample preparation and assaying. For every sample with results above Ag >100 ppm (over limits), these samples are submitted directly by SGS de Mexico to SGS Canada Inc. at Burnaby, BC. The analytical methods are four acid Digest and Inductively Coupled Plasma Optical Emission Spectrometry with Lead Fusion Fire Assay with gravimetric finish for silver above over limits. For gold assays the analytical methods are Lead Fusion and Atomic Absorption Spectrometry Lead Fusion Fire Assay and gravimetric finish for gold above over limits.
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Marcio Fonseca, P. Geo., President & COO for GR Silver Mining, who has reviewed and approved its contents.
About GR Silver Mining Ltd.
GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of two past producer precious metal underground and open pit mines, within the expanded Plomosas Project, which includes the integrated San Marcial Area and La Trinidad acquisition. In conjunction with a portfolio of early to advanced stage exploration targets, the Company holds 734 km2 of concessions containing several structural corridors totaling over 75 km in strike length.
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We acknowledge the [financial] support of the Government of Canada.