Annuncio • Feb 18
GR Silver Mining Ltd. Commences 20,000 m Step-Out Drilling Campaign at San Marcial Accelerating the 2026 Resource Expansion Program GR Silver Mining Ltd. announced the mobilization of multiple drill rigs to the San Marcial Area of its wholly-owned Plomosas Silver Project to commence the previously announced 20,000-metre step-out drilling program. Highlights: 20,000 m step-out drill program underway at San Marcial; Multiple rigs mobilizing to site, two on site and additional drill rigs on way; Step-Out Drilling Program targeting resource expansion after successful 2025 drill campaign; Mineral resource update and Preliminary Economic Assessment planned for late 2026; The Exploration office has been relocated to Durango, with access to the Plomosas Project now managed from Durango State. This relocation addresses recent operational challenges in Sinaloa while ensuring the continuation of high operational standards at the Plomosas Project. This strategic drilling program, focused on expanding silver resources, builds on the success of the 2025 drilling campaign that returned wide, high-grade intersections including SMS25-09 (75 m at 260 g/t Ag). The step-out drilling program is expected to be completed early in the second half of 2026 and will support an updated Mineral Resource Estimate for the Plomosas Silver Project. Data collected will also be integrated into a Preliminary Economic Assessment by the end of 2026. The program leverages the recently granted five-year surface drilling permit and will deploy multiple drill rigs on several surface sites to test extensions along strike and down plunge beyond the current limits of known silver mineralization. The commencement of drilling followed a detailed review of regional and site-specific conditions, along with the implementation of a comprehensive logistical and monitoring strategy to ensure the efficient performance and successful completion of the program at the Plomosas Silver project with access from Durango, Mexico. The Company plans to substantially increase total drilling in the San Marcial Area in 2026 by completing an additional 20,000 m of surface drilling. This program represents an increase of 100% in metres drilled outside the NI 43-101 resource area and will consist predominantly of step-out drill holes. The program also includes drilling of the recently discovered parallel breccia zone. Completion of a revised geological model, integrating 2025 drilling results into the existing 3D model, has enabled the exploration team to better define the controls on silver mineralization associated with major geological structures and host rocks in the San Marcial Area. The step-out drilling program has the following primary objectives: Expand the footprint of the silver-mineralized system, hosted in a chlorite-rich hydrothermal breccia, by an additional 200 metres along strike; Define the boundaries of silver mineralization to shallow depths of up to 400 metres below surface; Complete an initial step-out drilling program at an anticipated drill-hole spacing of 70 metres, supported by existing wide intersections proximal to the step-out areas; Grow mineral resources by adding silver ounces within zones characterized by high-grade silver primary content; GR Silver Mining Ltd. Annuncio • Feb 06
GR Silver Reports Successful Metallurgical Test Work Results for the Bulk Sampling Test Mining Program At Plomosas Project GR Silver Mining Ltd. announced positive results from its metallurgical test work studies conducted as part of the Bulk Sampling Test Mining Program ("BSTM") at the Plomosas Silver Project in Mexico. The test work was completed at the Mexican Geological Survey laboratories in Chihuahua, Mexico, with assaying performed by SGS Mexico in Durango. Sampled and composited feed grades in zones targeted for the BSTM in the historical Plomosas Mine returned 585 g/t Ag Eq (SGM). The completed test work not only enables the development of more accurate cost estimates and design parameters for the BSTM but also allows for the characterization of high-value lead concentrates, with attractive silver and gold credits, for discussions with potential offtake partners. Composited sample feed grades for samples reports attractive high-grade assay results when validated with the overall data set, delineating potential zones for BSTM in the historical underground mine. The following Table illustrates the positive composite sample results obtained at both SGM and SGS for the material processed during the test work program. Cleaner test work was successful in achieving an increase in gold recoveries into the Lead Cleaner Concentrate compared to previous test work conducted in 2021, and similar silver recoveries to the lead concentrate. Assay results indicate that there are no concerns over potential penalties or deleterious elements. Underground sampling comprised of two phases in the second half of 2025: Phase I consisted of 21 channel samples, initially outlining the high-grade and massive sulphide zones mapped inside the historic Plomosas underground mine. The test work confirmed the following results, which were integrated into the basic engineering and design program for a pilot plant on site as part of the BSTM: Confirmation of adequate grind size. The adopted flow sheet simulated the expected pilot plant flow sheet for the potential restart of operations at the Plomosas mine. The results of the test work have confirmed that lead and zinc flotation is a reliable separation technology of proposed material to be mined during the BSTM at the Plomosas Mine. Annuncio • Dec 18
GR Silver Mining Ltd. announced that it has received CAD 17.5002 million in funding On December 17, 2025. GR Silver Mining Ltd. announced that it has closed the transaction. It has issued 66,666,832 units of the Company at a price of CAD 0.30 per Unit, for aggregate gross proceeds of CAD 20,000,049.60. The Offering included 8,332,833 Units sold pursuant to the full exercise of the over-allotment option granted to Research Capital Corporation as the sole bookrunner and co-lead underwriter. Certain directors and officers of the Company participated in the Offering and purchased an aggregate of 60,700 Units for gross proceeds of CAD 18,210. the Company paid the Underwriters a cash commission of CAD 1,195,826.98, and issued an aggregate of 3,986,090 non-transferable broker warrants Annuncio • Dec 02
GR Silver Mining Ltd. announced that it expects to receive CAD 13.0002 million in funding GR Silver Mining Ltd announced a Bought Deal private placement to issue 33,334,000 LIFE units at a price of CAD 0.3 per unit for aggregate proceeds of CAD 10,000,200 and 10,000,000 Private placement units at a price of CAD 0.3 per unit for aggregate proceeds of CAD 3,000,000 and total gross proceeds amounting to CAD 13,000,200 on December 1, 2025. Each Unit shall be comprised of one common share of the Company and one-half of one Common Share purchase warrant of the Company. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.42 per Common Share for a period of 36 months following closing of the Offerings. The LIFE Offering will be offered for sale pursuant to the ‘listed issuer financing exemption’ under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the “LIFE Exemption”), in all provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Private Placement Offering will be offered by way of private placement to accredited investors in each of the provinces of Canada and may also be offered in those other jurisdictions where the Private Placement Offering can lawfully be made, including the United States under applicable private placement exemptions. The Units to be issued under the Private Placement Offering will have a statutory hold period of four months and one day from Closing. The closing of the Offerings is expected to occur on or about the week of December 15, 2025, or such other earlier or later date as the Underwriters may determine. Closing is subject to the Company receiving all necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange. The Underwriters will receive a cash commission of 6% of the aggregate gross proceeds of the Offerings and such number of brokers warrants as is equal to 6% of the number of Units sold under the Offerings. Each Broker Warrant entitles the holder to purchase one Unit at an exercise price equal to the Offering Price for a period of 36 months following the Closing. The Company will grant the Underwriters an option to increase the size of the LIFE Offering by up to an additional 3,999,333 Units and the Private Placement Offering by up to 15% in Units, by giving written notice of the exercise of the Underwriters’ Option, or a part thereof, to the Company exercisable at any time up to 48 hours prior to Closing. Annuncio • Nov 20
GR Silver Mining Ltd. Reports High-Grade Silver Intercepts in San Marcial Area Step-Out Drilling GR Silver Mining Ltd. announced results from drill hole SMS25-12, extending the mineralization approximately 75 metres (m) below the current San Marcial Resource Area (" Resource Area") in the Plomosas Project. The step-out drilling intersected two silver mineralized zones with multiple intervals of high-grade silver, confirming the potential to expand the silver mineralization beyond the previous Resource Area boundary and remains open at depth. Highlights of Step-Out Drilling at San Marcial: SMS25-12 intersected two distinct mineralized zones at shallow depth controlled by the intersection of the NW-SE trending San Marcial breccia with N-S trending faults. 5.0 m at 232 g/t Ag, from 332.6m down hole, including 0.9 m at 956 g/t Ag, 0.2 m at 2,602 g/t Ag and 0.3 m at 1,061 g/t Ag; 8.8 m at 121g/t Ag including 20 m at 284 g/t Ag; SMS25-12 indicates continuity of the hydrothermal breccia structure for at least 400 m below surface. This bodes well for future resource expansion with another step-out drilling program being planned for the first half of 2026. High-grade silver values hosted by volcano-sedimentary units are creating additional drilling targets at the footwall of chlorite-hematite rich breccias; Multiple sets of N-S and NW-SE oriented structures are common in the San Marcial Area creating prospective drill targets to guide the upcoming step-out drilling programs in 2026. N-S and NW- SE oriented structures are common in the San Marcial Area creating prospective drill target targets to guide the upcoming step-out drilling programs in 2026; N-S and NW-se oriented structures are common in the san Marcial Area creating prospective drill targeting to guide the upcoming step- out drilling programs in 2026.NA = no significant result. Step-out drilling completed at San Marcial in 2025 has confirmed the continuation of wide silver mineralization, extending resource potential beyond the Resource Area. Hole SMS25-12 demonstrates the continuity of the silver mineralized system 150 m beyond previous underground drilling completed in 2021 (SMI21-04:38 m at299 g/t Ag, including 3.5 m at 1,002 g/t Ag. The confirmation of silver predominant mineralization, with low concentration of base metals, along multiple N-S and NW-E structures, provides additional targets for the upcoming step-out drilling program planned for the first half of2026 at the San Marcial Area. SMS25-12 demonstrates that the mineralization has continuity, not only in the chlorite-hematite hydrothermal breccia but, also in the lower volcano-sedimentary unit where a quartz-calcite-sulfide veining with silver is crosscutting early stage quartz-pyrite alteration. SMS25-11, located 150 m NW from SMS25-09, returned a wide intercept of 24.6 m at 29 g/t Ag indicating presence of wide silver mineralized zones hosted near major structures with intensive hydrothermal alteration open for further investigation laterally and down-dip. Annuncio • Sep 27
GR Silver Mining Ltd. Drills Two New Silver and Gold Mineralized Zones At San Marcial GR Silver Mining Ltd. announced results from drill hole SMS25-10A, located in the Parallel Breccia Target, approximately 150 metres (m) to the southwest of the current San Marcial Resource Area (" Resource Area"), in the Plomosas Project. The step-out drill hole intersected 9 m at 374 g/t silver (Ag), with anomalous values of copper (0.3% Cu) and tungsten (0.59% W), including a high-grade zone of 1 m at 1,542 g/t Ag, 1.4% Cu, and 0.62% W. In addition to the Ag-Cu-W zone, the drill hole returned a wide intercept of 33 m at 1.44 g/t gold (Au), including a high-grade interval of 1.2 m at 32.1 g/t Au, defining a new gold-mineralized zone along a NE-trending structural corridor in the Parallel Breccia target outside of the current Resource Area. These outstanding results have delineated mineralization styles with a signature of an epithermal porphyry-related deposit that lies adjacent to the Resource Area. Annuncio • Sep 15
GR Silver Mining Ltd., Annual General Meeting, Nov 25, 2025 GR Silver Mining Ltd., Annual General Meeting, Nov 25, 2025. Annuncio • Sep 04
GR Silver Mining Ltd. Intersects Extensive High-Grade Epithermal Silver System GR Silver Mining Ltd. announced a 75 metre wide (down-hole) silver intercept, including multiple high-grade (>1,000 g/t Ag) intervals, from the current Step-Out Drilling Program. Drill hole SMS25-09 returned a 75 m wide intercept at 293 g/t AgEq, including high-grade silver interval up to 6.4 m at 1,915 g/t AgEq. This configuration may host sizeable geological traps in porous volcanoclastic rocks, significantly enhancing the potential for resource expansion at San Marcial. The results demonstrate significant potential for future resource growth, marking a key milestone that opens the door for continued expansion beyond current boundaries. The recently updated geological map highlights three areas currently under investigation by the step-Out Drilling Program. The success of drill hole SMS25-09 at the SE Deep Extension target strongly supports continued testing of extensions of the wide, high-grade silver mineralization. Annuncio • Aug 21
Gr Silver Mining Ltd. Drills Wide Silver Intercepts At San Marcial GR Silver Mining Ltd. announced that Drilling at the Parallel Breccia target that hosts the latest results is designed to explore the down-dip continuity of anomalous surface channel silver results in the vicinity of the Resource Area boundary, stepping out to the west along major northeast-oriented faults. The continuity of high silver grades and broad widths of predominant silver mineralization encountered at shallow depths, as revealed by the step-out drilling, supports the opportunity to continue drilling and expanding resources in the vicinity of the San Marcial Resource Area. The company await additional assay results now from the SE Deep Extension target, which the company believe will potentially lead to an extension of mineralization below existing resource boundaries. Annuncio • Aug 13
GR Silver Mining Ltd. announced that it has received CAD 13.8 million in funding On August 13, 2025, GR Silver Mining Ltd. closed the transaction. The company announced that it has issued 69,000,000 units at a price of CAD 0.20 per Unit for aggregate gross proceeds of CAD 13,800,000, including 9,000,000 Units (CAD 1,800,000) sold pursuant to the full exercise of the over-allotment option granted to Research Capital Corporation (the "Underwriter"), the sole underwriter and sole bookrunner, pursuant to the Underwriting Agreement. Each Unit was comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of CAD 0.28 per Common Share at any time until August 13, 2028. The Company entered into an underwriting agreement (the "Underwriting Agreement") dated August 13, 2025, with the Underwriter, pursuant to which the Company (i) paid the Underwriter a cash commission of CAD 828,000, and (ii) issued an aggregate of 4,140,000 non-transferable broker warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder to purchase one Unit at an exercise price equal to the Offering Price at any time until August 13, 2028. Annuncio • Jul 29
GR Silver Mining Ltd. announced that it expects to receive CAD 12 million in funding GR Silver Mining Ltd. announced that it has entered into an agreement with Research Capital Corporation as the sole underwriter and sole bookrunner, (the “Underwriter”), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis of 60,000,000 units of the Company at a price of CAD 0.20 per Unit for aggregate gross proceeds to the Company of CAD 12,000,000 on July 28, 2025. Each Unit shall be comprised of one common share of the Company and one-half of one Common Share purchase warrant of the Company. Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.28 per Common Share for a period of 36 months following closing of the Offering. The Company has granted to the Underwriter an option (the “Underwriters’ Option”) to increase the size of the Offering by up to an additional number of Units, and/or the components thereof, that in aggregate would be equal to 15% of the total number of Units to be issued under the Offering, exercisable at any time up to 48 hours prior to the closing of the Offering. The closing of the Offering is expected to occur on or about August 12, 2025 or such other earlier or later date as the Underwriter may determine. Closing is subject to the Company receiving all necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange. The Underwriter will receive a cash commission of 6.0% of the aggregate gross proceeds of the Offering and such number of broker warrants as is equal to 6.0% of the number of Units sold under the Offering. Each Broker Warrant entitles the holder to purchase one Unit at an exercise price equal to the Offering Price for a period of 36 months following the Closing. Annuncio • Jul 25
GR Silver Mining Extends Silver Mineralization with Step-Out Drilling at San Marcial 11.9 m @ 226 g/t Ag Eq* Including 0.9m @ 716 g/t Ag Eq GR Silver Mining Ltd. announced that it has completed at the Parallel Breccias Area located up to 125 metres west of the Resource Area boundary. Drill hole SMS25-03, oriented at 135deg, was designed to intersect particular to a major NE-trending fault. The hole provided important geological information, confirming the presence of high-grade, narrow silver and gold mineralization hosted within a volcano-sedimentary unit that had not been previously intersected by most of the drilling within the Resource Area. Drill hole SMS25-04 was drilled immediately adjacent to the boundary of the Resource Area, targeting the continuity of parallel hydrothermal breccias that are not currently included in the Resource Area. This drill hole was oriented obliquely to the primary structural trend of the Resource Area. Drill holes SMS25-03 and SMS25-04 were completed at the Parallel Breccia Area located up to 125 metres West of the Resource Area boundary. Drilling hole SMS25-03,oriented at 135deg, was designed To intersecticular to a major NE-t trending fault. The hole provided key geological information, confirming the presence the presence of high-grade and narrow silver and gold mineralization hosting within a volcano-sedimentaryunit that had not been previously intersecting by most of the drilling within The Resource Area. Drill hole SMS 25-04 was drilled immediately adjacent To the boundary of the Resource Area. Drill holeMS25-04 was drilled immediately nearby to the boundary of the Resource area, targeting the continuity of parallel Hydrothermal breccias that were not currently included in the Resource area. This drill hole was oriented Obliquely to the primary structural trends of the Resource Area. Drill Hole Target East (m) North (m) North (m). Drill hole SMS25-01 NW Extension (m) is approximately 100 metres along strike, to better delineate the geometry and extent of the silver-mineralized hydrothermal breccia beyond the current Resource Area boundary. Drill holes SMS25-02 NW Extension (Incl). Drill hole SMS25-03 and SMS 25-04 were completed at the parallel Breccias Area located up To 125 metres west of the Resource area. Drill hole SMS25-02 NW Extension was designed to intersecticular to a majorNE-trending fault. The hole provided important geological information., confirming the presence of high- grade, narrow silver and gold mineralized mineralization hosted within a volcan- sedimentary unit that had not been recently intersected by most of the drill hole. Drill hole SMS25-05 was drilled immediately adjacent to the boundaries of the Resource Area, targeting The continuity of parallel hydrothermal Breccias that are not currently include in the Resource Area. This drilling hole was oriented obliquely To the primary structural trend of the resource Area. Drill holes SMS25 -01 NW Extension (SMS25-02 NW Extension) Extension (SMS25-03). Annuncio • Jul 08
Gr Silver Mining Ltd. Reports Initial High-Grade Results from Plomosas Mine Sampling Program GR Silver Mining Ltd. reported initial results of Phase I of the new underground sampling program (the "Program") at the Plomosas Mine, Sinaloa, Mexico. To collect metallurgical test work samples essential to define key parameters for implementation of a Bulk Sampling Test Mining Program ("BSTM") at the plomosas Mine; and To enhance the existing database of underground samples for improved reconciliation between the MRE and areas identified for a BSTM. Initial highlights of the Phase I Plomosas Mine underground sampling program include: Chip Mine Face Sample - Level 883 - 2,423 g/t Ag Eq, consisting of 675 g/t Ag, 46.9% Pb, 4.5% Zn and 0.54 g/t Au (Polymetallic Hydrothermal Breccia - Massive Sulphide); Channel Sample - Level 833 - 0.8 m @ 2,019 g/t Ag Eq., consisting of 137 g/t Ag, 5.74 g/t Au,16.7% Pb, and 18.2% Zn (Polymetallic Hydrother Mal Breccia - Massive SulPHide); Channel Sample - Level 950 - 0.6 m @ 3,993 g/t Ag Eq; 310 g/t Ag, 15.20 g/t Au,26.2% Pb and 10.2% Zn (Polymetallic Hydrothermal BreCCia - Massive Sulphide). Channel Sample - Level 950 -0.6 m @ 3,996 g/t Ag Eq. Assay results from 21 samples collected at the chosen sites have returned high-grade results, with values of up to 3,993 g/tAg Eq. Annuncio • May 29
GR Silver Mining Ltd. announced that it has received CAD 1.8447 million in funding On May 28, 2025, GR Silver Mining Ltd. closed the transaction and issued 14,190,000 units at an issue price of CAD 0.13 for gross proceeds of CAD 1,844,700. In connection with the offering, the company paid a total of CAD 104,442 and issued a total of 803,400 warrants as finder's fees. Each finder's warrant is exercisable for one common share at a price of CAD 0.19 for two years. All securities issued under the offering are subject to a hold period expiring September 28, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Annuncio • May 21
GR Silver Mining Ltd. Announces Resumption of Plomosas Silver Project Field Work GR Silver Mining Ltd. announced the resumption of field work including drilling on the Plomosas Silver Project in Sinaloa, Mexico. Although there had been no incidents of violence on the Company's properties and no threats to the Company or its employees or consultants in accessing Project, management had decided to temporarily pause field work to allow time for the considerable efforts of the Government of Mexico to increase security and stability in the project region. The security situation in the project region appears to have stabilized based on observations on site and in extensive discussions with members of community and various levels of Government. Previous surface exploratory trench results include: NW Extension - 56 m at 196 g/t Ag, including 15 m at 472 g/t Ag, (news release, February 21, 2019). New Hydrothermal Breccias (Subparallel Breccias), 12 m at 323 g/t Ag within a broader zone of 24 m at 219 g/t Ag, including high-grade Ag up to 1 m at 974 g/t Ag. Management believes that these previous results provide further encouragement for potential expansion of the resource with planned step out drilling. On March 3, the Company announced the commencement of a step-out drilling program aiming to expand the San Marcial mineralization footprint by as much as 350 meters northwest from the current NI 43-101 resource area, as well as test potential new parallel zones located immediately to the southeast of the currentNI 43-101 resource area. The Company has completed surface evaluation along 500 meters of strike length, focused on a prospective geological contact with evidence of silver mineralization and seeking blind targets. Initial field results indicate new prospective drilling targets along this potential mineralization footprint extension. Noting that the safety of employees, consultants, suppliers, and community members remains paramount, management considers it prudent to resume this program while Vigilantly monitoring the situation. Management continues its assessment of and potential implementation of a Bulk Sampling Test Mining program at the permitted former Plomosas Mine, similar to the previously announced successful program completed at the historical San Juan Mine, benefiting from existing permits and infrastructure on site, and explore opportunities to achieve critical mass in the Mexican silver mining industry. Annuncio • May 09
GR Silver Mining Ltd. announced that it expects to receive CAD 1.56 million in funding GR Silver Mining Ltd. announced a non-brokered private placement to issue 12,000,000 units at an issue price of CAD 0.13 per unit for gross proceeds of CAD 1,560,000 on May 8, 2025. Each unit will consist of one common share of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.19 at any time on or before that date which is 24 months after the closing date of the offering. The company will pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSXV. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. Annuncio • Mar 04
Gr Silver Mining Resumes Field Exploration and Step Out Drilling At the San Marcial Area, Plomosas Silver Project, Sinaloa, Mexico GR Silver Mining Ltd. announced resumption of field exploration and step out drilling targeting potential resource expansion at the San Marcial Area. After detailed geological, geochemical and geophysical data modelling in partnership with leading geological experts, the Company has identified multiple new drill targets in the vicinity of the San Marcial Resource Area. The Company is commencing a step-out drilling program aiming to expand the San Marcial mineralization footprint by as much as 350 metres northwest from the current NI 43-101 resource area, as well as test potential new parallel zones. Initial reconnaissance of silver mineralized hydrothermal breccias outcropping in the northwest and southwest areas on the edge of a large chargeability anomaly has encouraged the Company to continue surface exploration. To date, only 25% of the footprint defined by coincident geophysical and geochemical anomalies and highlighted by the drill hole SMS22-10 intercept that cut 101 m averaging 308 g/t Ag including 0.8 m grading 7,139 g/t Ag at shallow depth, has been tested. A successful Bulk Sampling Test Mining program at the historical San Juan Mine has prompted the Company to further evaluate high-grade silver-gold-lead-zinc mineralization. In addition, metallurgical results from the production and delivery of attractive concentrates to an off-taker, are being assessed. This data is assisting the Company in its third-party discussions to facilitate commencement of a BSTM program at the permitted former Plomosas Mine. Positive corporate improvements during 2024 have positioned GR Silver Mining for a return to exploration in 2025. Their corporate successes included the sale of a non-core asset, elimination of its working capital deficit, compensation from a third party for a historical environmental impasse, a 106% uplift in the Company share price and strengthened leadership through the recruitment of new directors. GR Silver Mining saw the exercise of 11.9 million warrants prior to their expiry on February 14, yielding proceeds of $1.8 million at an exercise price of $0.15. A strong round of consolidation in the Mexican mining industry indicates improvement in the attractiveness of Mexico for future project developments and assessments of new business opportunities. GR Silver Mining's management is exploring opportunities to achieve critical mass going forward. Management recognizes that the Company's greatest value driver is exploration of the highly prospective San Marcial system with its silver-dominant, wide and continuous mineralization. GR Silver Mining is conducting detailed data modelling studies in conjunction with CODES, the globally regarded Centre for Ore Deposit and Earth Sciences at the University of Tasmania (link). This partnership with Dr. Paula Montoya unlocks key information to assist the Company to define new mineralized zones potentially comparable with other major silver districts in the Sierra Madre Occidental. Importantly, fine-tuning of the geological model at San Marcial has yielded several high-priority targets for further drilling. Four of these targets are currently selected for new step-out and exploration drilling. The Company has continuously increased resources at the San Marcial Area since its acquisition. The Company believes the studies in progress may catalyze the further expansion of the San Marcial resource to the northwest and southeast. Step-out drilling after the 2023 MRE continued to demonstrate wide, silver-dominant mineralization at relatively shallow depths, extending the mineralized footprint as much as 500 m to the southeast. They believe that follow up drilling to depth and to the southeast is highly prospective at San Marcial. The identification of the controls on mineralization at San Marcial resulted in the recognition of the presence of the wide mineralized SE Discovery zone at a shallow depth but not outcropping. Geological interpretation, lithogeochemical sampling, and geophysical modelling together with the analysis of key structural corridors provides a template for new exploration and drilling, recognizing that mineralization can be blind, i.e., not obvious at surface GR Silver Mining has been engaged in securing the necessary permits for expanded drill programs on the San Marcial Area. As they await these additional permits, their geologists have been active in relogging core, analyzing data, and deposit modeling while based in their offices in El Rosario. Drill programs have been designed, and details will be provided as programs are initiated. The first phase of 2025 drilling has commenced with approximately 1,300 metres planned in up to seven shallow holes targeting near surface, high-grade silver mineralization. Surface exploration efforts continue with the support of data modelling and mineral prospectivity assessment along the major regional structures in the San Marcial Area. Initial reconnaissance of silver mineralized hydrothermal breccias outcropping in the northwest and southwest areas on the edge of a large geophysical anomaly (chargeability) has encouraged the Company to continue surface exploration. To date, only 25% of the footprint defined by coincident geophysical and geochemical anomalies and highlighted by the drill hole SMS22-10 intercept that cut 101 m averaging 308 g/t Ag including 0.8 m grading 7,139 g/t Ag at shallow depth, has been tested. Annuncio • Oct 23
GR Silver Mining Ltd. Announces CFO Changes GR Silver Mining Ltd. announced the retirement of Blaine Bailey from the role of Chief Financial Officer effective immediately. Mr. Bailey was appointed the CFO of GR Silver's private predecessor Goldplay Exploration Ltd. on November 8, 2012, and continued as CFO as Goldplay became public in March 2018. Goldplay was renamed GR Silver Mining in January 2020. After briefly retiring from GR Silver Mining as CFO in May 2023, he returned to the role in July 2023 to help steer the Company through challenging markets. The company announced that he will stay on as Corporate Secretary. Mr. Bailey, a CPA, CGA, was instrumental in the advancement of the Company, applying more than 20 years of experience as a CFO for mineral exploration companies listed on the TSX, the TSX Venture, and the New York Stock Exchange. Further the company announced the appointment of Mr. Robert Payment to the GR Silver Mining management team as CFO effective immediately. Mr. Payment is an experienced Chartered Professional Accountant (CPA, CA) with strong skills in fostering international business relationships; running all aspects of full cycle financial reporting, including working with the TSX, CSE, and BC Securities Commission; and working with multiple accounting frameworks and complex accounting issues including multi-currency consolidations in IFRS. For the last ten years, he has supplied financial reporting and advisory services to multiple companies in the natural resource, technology, and retail sectors, including cash flow modeling and budgeting, preparing business plans, and facilitation of private placements and reverse takeovers. Prior to that he was a manager/staff accountant with a major, Vancouver-based accounting firm. He received his Chartered Accountant Designation in 2009 and earned a Bachelor of Business Administration from Simon Fraser University in Burnaby, British Columbia in 2007. Annuncio • Sep 28
GR Silver Mining Ltd. announced that it has received CAD 2.369174 million in funding On September 27, 2024, GR Silver Mining Ltd. closed the transaction. The company issued 14,807,338 units at a price of CAD 0.16 per unit for gross proceeds of up to CAD 2,369,174. In connection with the Offering, the Company paid a total of CAD 111,388.8 and issued a total of 696,180 warrants as finder's fees. Certain directors and officers of the Company participated in the Offering, purchasing an aggregate of 444,013 units for an aggregate CAD 71,042. All securities issued under the Offering are subject to a hold period expiring January 27, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Annuncio • Sep 16
GR Silver Mining Ltd., Annual General Meeting, Nov 12, 2024 GR Silver Mining Ltd., Annual General Meeting, Nov 12, 2024. Annuncio • Sep 10
GR Silver Mining Ltd. announced that it expects to receive CAD 1.76 million in funding GR Silver Mining Ltd. announced a non-brokered private placement of up to 11,000,000 units at a purchase price of CAD 0.16 per unit for the gross proceeds of CAD 1,760,000 on September 9, 2024. Each unit will consist of one common share and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the company at a price of CAD 0.22 per share at any time on or before that date which is 24 months after the closing date of the offering. The company will pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX-V. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.9m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$20m). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (€37.9m market cap, or US$42.1m). Annuncio • Aug 06
GR Silver Mining Ltd. Announces Board Changes, Effective August 12, 2024 GR Silver Mining Ltd. announced several changes to the Board of Directors of GR Silver Mining as the Company positions itself for resource growth supported by recent discoveries in the San Marcial Area and the potential development of the Company's core Plomosas Project. GR Silver Mining is pleased to welcome two new directors by appointment to its Board of Directors, Mr. Brent McFarlane and Ms. Jessica van den Akker, effective August 12, 2024. Mr. Brent McFarlane brings over 30 years of experience gained in strategic planning, project development construction and operations of large mining projects in Latin America as a mining engineer. His project development and management, engineering, and financial skills delivered highly profitable results, while demanding the highest safety and environmental standards. Most recently, he has focused on high-level evaluations of metals projects worldwide and performed due diligence and extended operational audits of producing mines for various clients. As Vice President, Operations for SilverCrest Mines, Mr. McFarlane successfully turned around and expanded the Santa Elena Mine, doubling silver production and tripling gold production. He launched and managed the $85 million mine expansion, transitioning Santa Elena from an open-pit, heap leach operation to an underground, 3000-tpd CCD milling circuit within budget. More recently, at SilverCrest Metals' Las Chispas Project, he managed initial underground development and successfully met development targets under budget and significantly ahead of schedule. Mr. McFarlane earned a BS in Mining Engineering at the University of Arizona. Ms. Jessica Van Den Akker is a Chartered Professional Accountant (CPA, CA) with over 18 years of experience in the resource sector. She gained extensive experience through one of the largest public company auditors in Canada. Work with significant clients included planning, staffing and executing projects, as well as managing client relationships. She is proficient in multiple reporting frameworks and auditing standards in Canada, the United States, and internationally. She had key advisory roles on complex issues including deferred taxes, consolidations, business combinations and derivatives. More recently, Ms. Van Den Akker's career has evolved to include public company CFO, Corporate Secretary and VP Finance roles, as well as several independent board memberships and chairs of board audit committees. She has maneuvered companies through the regulatory landscape and established guidelines, policies and best practices for regulatory markets, operations and financial reporting. Ms. Van Den Akker is a graduate of Simon Fraser University where she received a Bachelor of Business Administration. The Company has accepted the resignation of Mr. Fernando Berdegué de Cima from its Board effective August 12 as he focuses on his other business interests in Mexico. Mr. Berdegué joined the Company's Board in July 2023 as an independent director. Annuncio • Jul 17
An undisclosed buyer completed the acquisition of Marlin Gold Mining Ltd. from GR Silver Mining Ltd. (TSXV:GRSL). An undisclosed buyer signed a definitive and binding share purchase agreement to acquire Marlin Gold Mining Ltd. from GR Silver Mining Ltd. (TSXV:GRSL) on June 27, 2024.
An undisclosed buyer completed the acquisition of Marlin Gold Mining Ltd. from GR Silver Mining Ltd. (TSXV:GRSL) on July 17, 2024. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.3m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$21m). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$3.5m net loss next year). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€48.2m market cap, or US$52.4m). Annuncio • Apr 30
WP Servicios Industriales S.A. de C.V. agreed to acquire Marlin Gold Mining Ltd. from GR Silver Mining Ltd. (TSXV:GRSL). WP Servicios Industriales S.A. de C.V. agreed to acquire Marlin Gold Mining Ltd. from GR Silver Mining Ltd. (TSXV:GRSL) on April 28, 2024. Annuncio • Mar 07
Gr Silver Announces the Start of Small Bulk Sampling and Test Mining At the Plomosas Project GR Silver Mining Ltd. announced that it has advanced negotiations and entered into commercial agreements with private local operators (mining and milling operators) in the Rosario Mining District, in Sinaloa, Mexico, to explore opportunities related to the following aspects of the Plomosas Project: Advance mine preparation to extract bulk sample material to collect information for future use in engineering reports ("Bulk Sampling Test Mining" or "BSTM Program") and metallurgical testing of Ag-Au rich Pb concentrates. Use existing permits and infrastructure to allow the Company to access mineralized material through small test bulk sampling operations, up to 4,500 tonnes per month for metallurgical sampling from historical mine sites, San Juan and La Colorada. Use existing and available third-party privately-owned mill operations located near the historical mine sites with a capacity of up to 140 tonnes per day to process the BSTM Program material, obtaining monthly producing small batches of Ag-rich concentrate for metallurgical characterization. Explore cost savings strategies, where with low capital expenditures, the company can advance the exploration of the Plomosas Project and gain additional knowledge related to high-grade modeling & targeting, grade reconciliation, and mineral deposit modeling to define new drill targets in the vicinities of the existing historical mines. The following activities using private local operators have been achieved since January 2024. The current activities are concentrated in the San Juan and La Colorada sites due to the proximity of the target areas to the surface and third-party owned processing plants. Bulk Sampling Test Mining at the historical mines is expected to continue through 2024. The Program has the potential to unveil valuable geological information to better define high-grade Ag mineralized zones in these locations. This will allow low-cost preparation of sites for future drilling, aiming to continue resource growth in the Plomosas Project. GR Silver Mining's Plomosas Project (Figure 1) exploration programs in 2023 and earlier, included detailed underground mapping, which defined geological structures without surface expression but with evidence of high-grade Ag mineralization. Current BSTM Program activities in the Project's historical mines could provide the Company with a low-cost platform for the definition of new targets for drilling, discovery and, potentially, resource expansion. The Company has implemented QA/QC procedures, including inserting blank, duplicate, and standard samples in all sample lots sent to Act Labs de México, S.A. de C.V. laboratory facilities in Sonora, Mexico, for sample preparation and assaying. 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 (>10 ppm). 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. Annuncio • Feb 14
GR Silver Mining Ltd. announced that it has received CAD 0.67 million in funding On February 12, 2024, GR Silver Mining Ltd. closed the transaction. The company issued 6,700,000 units at a price of CAD 0.10 for the gross proceeds of CAD 670,000. As a part of the transaction, the Company paid a total of CAD 35,820 and issued a total of 358,200 warrants as finder's fees. Each finder's warrant is exercisable for one common share at a price of CAD 0.15 for two years. All securities issued under the offering are subject to a hold period expiring June 10, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement. The transaction included participation from 14 placees. Annuncio • Jan 18
GR Silver Mining Ltd. announced that it expects to receive CAD 1.5 million in funding GR Silver Mining Ltd. announced a non brokered private placement to issue 15,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 1,500,000 on January 17, 2024. Each Unit will consist of one common share and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of CAD 0.15 at any time on or before that date which is 24 months after the closing date of the financing. The Company will pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the TSXV. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. New Risk • Nov 24
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$3.9m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Negative equity (-CA$3.9m). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (€12.1m market cap, or US$13.2m). Annuncio • Nov 15
GR Silver Mining Ltd. announced that it has received CAD 1.2 million in funding GR Silver Mining Ltd has closed the transaction on November 14, 2023. The Company has issued 30,000,0000 units for gross proceeds of CAD 1,200,000. No finder's fees were paid in connection with the offering. All securities issued under the offering are subject to a hold period expiring March 11, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Annuncio • Oct 26
GR Silver Mining Ltd. announced that it expects to receive CAD 1.2 million in funding GR Silver Mining Ltd. announced a Non-brokered private placement of up to 30,000,0000 units at a price of CAD 0.04 per unit to raise total gross proceeds of up to CAD 1,200,000 on October 24, 2023. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.07 for three years. The Company will pay finders' fees to eligible finders in connection with the Offering, subject to compliance with applicable securities laws and the policies of the TSXV. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. Annuncio • Oct 14
GR Silver Mining Ltd. announced that it has received CAD 0.454875 million in funding On October 13, 2023, GR Silver Mining Ltd., closed the transaction. The company issued 2,500,000 units in the transaction for the gross proceeds of CAD 125,000 in the second and final tranche closing. A director and officer of the participated in the Second Tranche and purchased 300,000 Units for CAD 15,000. Annuncio • Sep 20
GR Silver Mining Announces Not to Stand for Re-Election of Laura Diaz Chose as Director GR Silver Mining Ltd. at its Annual General Meeting of shareholders held on September 18, 2023 announced that Incumbent director Laura Diaz chose not to stand for re-election and was not a nominee. Annuncio • Aug 17
Gr Silver Mining Ltd. Continues Expansion of the Se Area Discovery Zone with 250 M Step Out from the Resource Area: 20.2 M At 187 G/T Ag Including 5.7 M At 513 G/T Ag and 0.8 M At 2041 G/T Ag GR Silver Mining Ltd. announced that it aims to confirm the presence of wide silver mineralization close to the surface along the target contact. Highlights from the latest drilling at San Marcial (down-hole thickness): SMS23-05: 20.2 m at 187 g/t Ag, including 5.7 m at 513 g/t Ag and 0.8 m at 2041 g/t Ag. The SMS23-05 result continues to suggest an extension of the Mineral Resource along strike and down-dip in the SE Area Discovery Zone, San Marcial Area. The result also reflect an increase in grade at some specific elevations when comparing these results with the previously released result SMS23-04. From the original 300 m strike length of the SE Area Discovery that was incorporated into the Mineral Resource, the Company has drilled and identified an additional 250 m of wide shallow silver mineralization along the prospective Target Contact. The advance in the understanding of the controls on mineralization, post successful drilling and discovery of the SE Area, provided essential exploration tools to achieve the increase in the footprint of the mineralization along the strike. An excellent drill intersection hit rate has demonstrated the efficacy of the Company's geological exploratory model as the SE Area Discovery mineralization is being extended along the Target Contact. Surface Ag lithogeochemical anomalies and intriguing geophysical anomalies do appear to provide attractive targets for mineralization below the surface. Recognition of higher-grade mineralization at specific elevations within the mineralizing system has important implications for the overall average grade. Further, newly recognized subtle changes to alteration and mineralization styles appear to be associated with the intrusive body or bodies that may have provided the energy and metalliferous fluids to the Target Contact system, providing a new and exciting avenue for exploration. GR Silver Mining has completed five drill holes in the first program to be undertaken outside of the SE boundary of the Mineral Resource, which includes the initial extension of the SE Area discovery. This drill hole is also defining an extension of the mineralized zone for at least 400 metres along the strike to the SE from discovery hole SMS22-10 (Discovery drill hole SE Area). The results to date of drilling along the contact zone between the lower volcano-sedimentary unit and upper volcanic continue to the SE and SMS23-05 support continuity of high-grade silver mineralization along or very close to the contact zone (SMS23-05 5.7 m @ 513 g/t Ag including 0.8 m @ 2041 g/t Ag). The success of the step-out drilling program with high-grade results confirming down plunge continuity of the mineralization supports the existing potential to increase resources at the San Marcial Area. New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.97m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€8.97m market cap, or US$9.89m). Minor Risk Shareholders have been diluted in the past year (34% increase in shares outstanding). Annuncio • Jul 26
GR Silver Mining Ltd., Annual General Meeting, Sep 18, 2023 GR Silver Mining Ltd., Annual General Meeting, Sep 18, 2023. Annuncio • Jul 12
GR Silver Mining Ltd. announced that it expects to receive CAD 1 million in funding GR Silver Mining Ltd. announced a non-brokered private placement of units, at a purchase price of CAD 0.075 per unit, to raise total gross proceeds of up to CAD 1 million. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of CAD 0.12 at any time on or before that date which is 24 months after the closing date of the offering. The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company will pay finders' fees to eligible finders in connection with the offering, subject to compliance with applicable securities laws and the policies of the TSXV. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. Annuncio • Jun 15
GR Silver Continues Expansion of the SE Area Discovery Zone With High-grade Silver Intervals Outside Resource Area GR Silver Mining Ltd. announced results from two additional step-out drill holes -- SMS23-03 and SMS23-04 - outside the recently published NI 43-101 Mineral Resource Estimate boundary ("Mineral Resource") in the San Marcial Area in Sinaloa, Mexico. The drilling program is targeting the extension of the SE Area discovery, 250 m along strike to the southeast, targeting identification of the silver mineralized contact zone at shallow depth. SMS23-03 is located approximately 100 m outside of the Mineral Resource and represents the down-dip extension, 100 m below SMS23-02 (11.3 m at 584 g/t Ag -- see News Release dated May 25, 2023). SMS23-04 represents a step out of 300 m from the last drill hole used in the Mineral Resource, hole SMS22-23 (Figures 1 and 2). Highlights from the latest drilling at San Marcial (down hole thickness): -- SMS23-03:3: 35.2 m at 134 g/t Ag, including 3.3 m at 506 g/t Ag and 0.9 m at 1412 g/t. SMS23-04:4: 15.0 m at 32 g/t Ag. The posititive results, continue to encourage the Company on the tential to extend the Mineral Resource along s strike and down-dip in the SE Area Discovery Zone, San Marcial Area. From the original 300 m strike length of the SE Area Discovery that was incorporated into the Mineral Resource, the Company has drilled and identified an additional 450 m of wide shallow silver mineralization along the prospective Target Contact. The wide silver intervals intersected in holes SMS23-03 and SMS23-04 continue to support the potential for extension of the wide mineralization geometry along strike. The drilling program, with two additional drill holes (for a total of six), aims to extend the footprint of the SE Area Discovery Zone for an additional 450 m along strike to the southeast, outside the Mineral Resource. Annuncio • May 26
GR Silver Mining Ltd. Expands SE Area Discovery Zone with New Bonanza-Grade Silver Interval Outside Resource Area 11.1 m at 584 g/t Ag Including 0.2 m at 14,365 g/t Ag GR Silver Mining Ltd. announced the first two step-out drilling results outside of the recently published NI 43-101 Mineral Resource Estimate boundary in the San Marcial Area at the Plomosas Project in Sinaloa, Mexico. The initial drilling program is targeting the extension of the SE Area discovery silver mineralization style, 250 m along strike to the southeast, targeting identification of the commonly mineralized contact zone at shallow depth. The first two holes -- SMS23-01 and SMS23-02 - represent a step out of 50 m to the southeast. The positive results, combined with the geological knowledge gathered by the Company in the 2022 drilling and resource estimation studies favor GR Silver's continuation of the drilling program in this area. In 2022 and First Quarter/2023, the Company carried out surface exploration along the southeastern extension of the target contact zone, which included surface mapping, geochemical sampling, and the integration of all geophysical data. This detailed study has generated surface evidence of the presence of wide silver mineralized zones at shallow depth, with associated high-grade silver structures, with results such as those reported from drill hole SMS23-02. The geological setting continues to resemble the target contact zone between local upper volcanics (andesitic "block and ash" unit) and local lower volcanics (rhyolitic to dacitic volcano-sedimentary unit), which characterized the SE Area discovery zone. The presence of narrow high-grade silver mineralized hydrothermal breccias, hosted inside a wider mineralized envelope, encourages the Company on the potential for resource expansion at the San Marcial Area along the target contact zone. Step Out Drilling Program Southeast Area: GR Silver Mining plans to complete five drill holes by June 2023 and have all assays received by August 2023. This drilling program was the first drilling to be undertaken outside of the SE boundary of the 2023 San Marcial NI 43-101 Resource Area, which included the initial extension of the SE Area discovery. The target contact will be the focus of the Company's surface exploration program over the coming months, particularly in areas coincident with Ag anomalies from surface geochemical sampling and the Company's 2021 ground geophysical survey. SMS23-01 was designed to evaluate the presence of the high-grade silver mineralization at the 600 m elevation, below drill hole SMS22-14, which did not report significant silver mineralization. The results from SMS23-01 support the current geological model indicating the presence of significant silver mineralization at certain elevations below areas of low-grade silver mineralization in the target contact zone, when associated with the volcano-sedimentary unit. SMS23-02 evaluated the SE Area mineralized corridor 50 m further southeast from drill hole SMS23-01, and outside the recently published 2023 San Marcial resource block model. This hole successfully extends the SE Area mineralized zone further along strike than was previously recognized. The presence of bonanza-grade silver mineralization, including 0.2 m at 14,365 g/t Ag associated with the hydrothermal breccia supports a geological model demonstrating the presence of the two systems in the area: (i) a wide mineralization associated with hydrothermal breccias with a strong presence of only silver; and (ii) narrow structures carrying elevated base metal (lead and zinc) content, but with extremely high silver grades. Annuncio • May 09
GR Silver Mining Ltd. Outlines Its Vision for 2023 GR Silver Mining Ltd. outlined its vision to continue resource growth on its wholly owned Plomosas Silver Project in Sinaloa, Mexico, through the remainder of 2023, including an update on exploration plans and corporate initiatives. Highlights: A sod g geological model with proven efficacy based on modern exploration has ovided a foundation of growth for GR Silver Mining. One of the Company's drill rigs has been mobilized to cost-effectively test the highly prospective target contact to the southeast of the SE Area discovery, aiming for further resource expansion while generating continued news flow. Based on the recently filed National Instrument 43-101 Technical Report, a 12,500-metre drill program has been recommended pending board approval, largely in the San Marcial Area, stepping out along strike from the mineral resource eastern limit in the SE Area discovery, targeting incremental resource growth. GR Silver owns 100% of the Plomosas Project with title and operating permits for core concessions granted under the previous mining law regime. The company currently see no immediate impact from changes in Mexican mining legislation. Cash management initiatives have commenced to reduce overhead and prioritize funds dedicated to exploration and drilling in Mexico. On May 4, GR Silver Mining announced (News Relse) the filing of the Nationalal Instrument 43-101 Technical Report (NI 43-101) for the wholly owned, 432 km(2) Plomosas Silver Project In Sinaloa, Mexico. The full NI 43-101 dated May 3rd, 2023, with an effective date of March 15th, 2023, is entitled "Technical Report and Mineral Resource Update for the Plomosas Project". The report was prepared for GR Silver Mining by Dr. Gilles Arseneau, P.Geo. of ARSENEAU Consulting Services Inc. The resource update resulted from the talent, experience, and hard work of geological team as they made an important new discovery successfully applying modern exploration on this prospective district-scale project. A total of 75 GR Silver Mining drill holes (10,500 metres) were added to the 52 holes used in the previous resource estimate, totalling 122 holes (19,000 metres) for the San Marcial Area including the SE Area discovery. At the Plomosas Mine Area, a total of 223 drill holes (16,380 metres) were drilled in specific areas of the existing underground historical mine as part of the infill drilling program. A total of 424 drill holes (60,020 metres) comprises the database supporting the new 3D geological modelling including the SE Area discovery and Resource Estimate. The total Indicated resource grew to 15 million tonnes averaging 117 g/t silver (Ag) for 55 million ounces Ag, or 179 g/t silver equivalent (Ag Eq) for 85 million ounces Ag Eq. The total Inferred resource grew to 9 million tonnes averaging 78 g/t Ag for 22 million ounces Ag, or 171 g/t Ag Eq for 49 million ounces Ag Eq. Relative to the previous resource estimates, Indicated Ag ounces grew 72% while Ag Eq ounces grew 83%. On an Inferred basis, Ag ounces grew 20% while Ag Eq ounces grew 48%. The Plomosas Project is distinct from many other projects in Mexico due to the existence of attractive mineralization at shallow depths with exceptional widths: true widths of the modelled domains average 20 metres at the Plomosas Mine Area and 22 metres at the San Marcial Area. In general, wide mineralized widths allied with shallow depth could indicate amenability to more mechanized mining methods and, consequently, potentially lower mining costs. Annuncio • May 06
GR Silver Mining Ltd. Announces Change in CFO GR Silver Mining Ltd. announced the retirement of Chief Financial Officer (CFO) Blaine Bailey effective immediately. Mr. Bailey was appointed the CFO of GR Silver's private predecessor Goldplay Exploration Ltd. (Goldplay) on November 8, 2012, and continued as CFO as Goldplay became public in March 2018; Goldplay was renamed GR Silver Mining in January 2020. Mr. Bailey, a CPA, CGA, was instrumental in the advancement of the Company, applying more than 20 years of experience as a CFO for mineral exploration companies listed on the TSX, the TSX Venture, and the New York Stock Exchange. Ms. Samantha Shorter to the GR Silver Mining management team as CFO effective immediately. Ms. Shorter, a CPA, CA, CIA, has been engaged as the CFO of several public and private companies with exploration and mining operations in Mexico, Brazil, the United States, and other nations. In addition to her skills in financial modelling, tax planning, compliance in international listings, and internal control compliance, particularly noted her strong leadership and team management qualities during the recruitment process. Prior to her CFO roles, Ms. Shorter had extensive experience managing audit engagements at a major accounting firm. Annuncio • Feb 03
GR Silver Mining Ltd. Announces the Resignation of Jonathan Rubenstein from the Board of Directors GR Silver Mining Ltd. announced that it has accepted the resignation of Jonathan Rubenstein from the Board of Directors of the Company. Mr. Rubenstein was appointed to the Board of Directors in September 2020 after previously serving on the Company's Advisory Board. Annuncio • Feb 01
GR Silver Mining Ltd. announced that it expects to receive CAD 3 million in funding GR Silver Mining Ltd. announced non-brokered private placement of 30,000,000 units at an issue price of CAD 0.10 per unit for proceeds of CAD 3,000,000 on January 31, 2023. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of CAD 0.15 at any time on or before that date which is 24 months after the closing date of the Offering, except that, if the closing price of the common shares on the TSX Venture Exchange is equal to or exceeds CAD 0.30 for 10 consecutive trading days, then the Company may anytime thereafter accelerate the expiry date of the warrants such that the new expiry date will be the 10th day following the date on which the Company issues notice to all the warrant holders of the new expiry date. The Company will pay finders' fees to eligible finders in connection with the Offering. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX venture exchange. Annuncio • Jan 19
GR Silver Mining Ltd. Announces Appointment of Larry Taddei to Board of Directors GR Silver Mining Ltd. announce the appointment of Larry Taddei to the Company's Board of Directors and its Audit Committee.Larry Taddei brings sixteen years of experience as a senior executive in the mineral resource industry, culminating in twelve years as the Chief Financial Officer of MAG Silver Corp. where he was instrumental in the growth of MAG and in forming good working relationships with Mexican senior silver producer Fresnillo plc at the world-class Juanicipio silver project. His relationships extend to the investment community, playing a lead role in defining capital structure and balance sheet management. He was responsible for all aspects of MAG's financial operations, including treasury, taxation, IT systems, insurance, and risk management. He also played a key role in the company's governance guidelines, policies, and procedures, as well as expanding ESG disclosures and policies. Annuncio • Jan 17
Gr Silver Mining Drills New High-Grade Ag Intervals At San Marcial Se Area: 82.7 M At 121 G/T Ag, Including 0.4 M At 3,386 G/T Ag (Sms22-22), and 5.6 M At 1,223 G/T Ag, Including 0.3 M At 26,150 G/T Ag (Sms22-09) GR Silver Mining Ltd. announced additional surface drilling success in the new high-grade Southeast Area ("SE Area") silver (Ag) discovery within the San Marcial Area, at the Company's wholly-owned Plomosas Project, in Sinaloa, Mexico. The six holes represent extensions along strike or down dip, creating the potential to expand silver mineralization boundaries. Each of the SE Area holes add attractive silver results and key geological information to expand the current Ag mineralization model. The Company has now completed all holes planned to be incorporated into the 3D geological model, with the updated resource estimation expected to be released in Q1|2023. A total of 75 GR Silver Mining drill holes (10,500 m) will be added to the 52 holes used in the 2019 NI 43-101 San Marcial mineral resource estimation. SMS22-09: Resource Area – down dip/plunge extension in the previous resource area 5.6 m at 1,223 g/t Ag, 1.4% Pb and 1.2% Zn including 0.3 m at 26,150 g/t Ag, 30.0% Pb and 18.6% Zn SMS22-09 intersected mineralization textures similar to those in SMS22-10 at and below the San Marcial Breccia. At further depth, the hole encountered a 5.6 m zone of veining with high-grade Ag-Pb-Zn mineralization, including the highest-grade silver result to date from San Marcial – 26,150 g/t Ag over 0.3 m. SMS22-22: SE Area - down dip extension from hole SMS22-16, 82.7 m at 121 g/t Ag, including 0.4 m at 3,386 g/t Ag and 1.1 m at 1,391 g/t Ag SMS22-22 intersected mineralization similar to the previously announced SMS22-16 mineralization in the SE Area. SMS22-16 also contained multiple high-grade intervals, hosted in a wide zone of 123.1 m at 112 g/t Ag, with a predominance of Ag-rich hydrothermal breccias and stockworks. MS22-23: SE Area – 80 m step-out drilling from hole SMS22-22, 112.6 m at 61 g/t Ag, including 0.9 m at 1,055 g/t Ag and 0.6 m at 14.3 g/t Au SMS22-23 was drilled outside the NE-trending corridor that hosts the SE Area discovery. It was also drilled 60 m down dip from SMS22-13 which did not report significant mineralization closer to surface. However, SMS22-23 has shown that the same style of Ag mineralization in the SE Area can be found outside the NE trending corridor, in subparallel structural corridors similar to hole SMS22-10. This is a significant revelation that opens up the exploration potential further to the southeast of the SE Area discovery, along the target contact zone and in other subparallel prospective structures. SMS22-23 also has a narrow high-grade gold zone – 0.6 m at 14.3 g/t Au – in the vicinity of the gold zone previously reported for SMS22-20 – 1.0 m at 31.3 g/t Au - opening up the exploration potential for narrow high-grade gold veins in the SE Area. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jonathan Rubenstein was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jonathan Rubenstein was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.