Canadian mining company GR Silver Mining has announced the discovery of silver in the southeastern area of San Marcial, an area owned by the company and the Plomosas project, in Sinaloa.
In a statement, the company said there were six holes that have the potential to expand the boundaries of silver mineralization in the area.
The updated resource estimate is expected to be released in the first quarter of 2023.
A total of 75 GR Silver Mining drill holes (10,500m) will be added to the 52 holes used in the 2019 NI 43-101 San Marcial Mineral Resource estimate.
GR Silver Mining President and CEO Eric Zaunscherb said the discovery of this surface will help increase the forecast resource estimate for this quarter of the year, according to its San Marcial database.
“These most recent drill results contribute to our understanding of mineralization in the SE, as well as the original San Marcial resource area. San Marcial continues to provide high quality precious metals from metallic intervals in broad well mineralized bodies. The discovery of high-grade Ag and Au mineralization outside and SE of the known structural corridor in the SE Zone It is really encouraging“.
He also indicated that upon delivery of the updated mineral resource, they will design their strategic plan for 2023 and expect the expansion of exploration along this emerging and highly prospective SE trend to feature. good place in the exploitation of the zone.
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