Ltd () (OTCQB:GRSLF) (FRA:GPE) introduced drill outcomes from the underground core drilling program within the Plomosas Mine Space at its 100%-owned Plomosas Silver Undertaking in Mexico, which included 83 metres of 420 grams per tonne (g/t) silver equal consisting of two.52 g/t gold, 33 g/t silver, 2.9% zinc, and 0.3% copper from 98 to 181 metres (m).

The corporate famous that the underground program, which is focusing on bulk tonnage-style mineralization within the Plomosas Mine Space, has found extensions to the huge mineralization beforehand sampled at degree 775, each under, and laterally to previously-mined areas.

President and CEO, Marcio Fonseca , commented, “These are extraordinary drilling outcomes from the Plomosas Mine Space, indicating potential for measurement and scalability within the geological mannequin to host enticing valuable and base metals mineralization in areas near present underground growth,” stated CEO Marcio Fonseca in a press release.  

READ: GR Silver Mining looking to define a ‘substantial’ new resource at exciting Plomosas project in Mexico 

He added: “We’ll proceed with underground drilling within the neighborhood of this polymetallic mineralization in 2021 and also will apply the technical information to search for related mineralization in different targets within the Plomosas Silver Undertaking.”

The corporate stated the mineralization found is represented by thick intercepts of gold, silver, lead, zinc, and copper mineralization hosted in a sequence of hydrothermal breccias.

It added that 4 historic underground drill holes positioned close by have been additionally validated with new sampling, with these outcomes set to be included right into a 3D geological mannequin.  

The corporate additionally famous that primarily based on the current underground drilling outcomes it’s persevering with the investigation of all historic underground sampling so as to delineate new zones for drilling, whereas aiming to include all new areas in its upcoming NI 43-101 useful resource estimation.

GR Silver Mining stated it believes the Plomosas Mine Space is a part of a a lot bigger low sulphidation epithermal system as indicated by discipline proof alongside one kilometre of strike size, the place solely 400 m of that strike had beforehand been drilled.

It added that the 2020 underground and floor exploration program outlined a number of kinds of mineralization, creating a chance for the corporate to proceed discovering new mineralized zones near the floor.

Shares added nearly 11% at C$0.91 in Toronto.

—Updates for share price—

Contact Sean at [email protected]