GR Silver Mining Ltd V.GRSL

Alternate Symbol(s): GRSLF

Metals & Mining Industrial Metals & Minerals

GR Silver Mining Ltd. is a Canadian Mexico-focused junior mineral exploration company. The Company is engaged in 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. The San Marcial Area is a 1,250-hectare property, which is located approximately 98 km southeast of Mazatlan, in the state of Sinaloa, and five km south of the Company’s Plomosas Mine Area. The Company controls 100% of two past producer precious metal underground and open pit mines, within the Plomosas Project, which includes the integrated San Marcial Area and Plomosas Mine. The Company holds 734 square kilometers (km2) of concessions containing various structural corridors totaling over 75 kilometers (km) in strike length. The Company owns a 100% interest in the La Trinidad Property located in the Rosario Mining District, Sinaloa, Mexico.

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GR Silver Mining Ltd

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Post by Ebitduhon Jul 10, 2020 2:51pm

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Post# 31253086

Stifel GMP: This could be the next Silvercrest

Silver Tiger Metals Inc. (SLVR-TSXV) – not covered
Market Cap: C$46m

Bottom Line: This could be the next SilverCrest

The similarities are easy to see between Silver Tiger’s El Tigre property and SilverCrest’s Las Chispas project:
- Same regional trend, same geologic package of rocks, same N/S trending vein system, same indications of high grade blow outs where veins converge
- Historical production at El Tigre mine from 1903-1938, produced 100Moz AgEq at 2kg/t
- Access to sample and map veins through historical workings
- High grade silver and gold epithermal system
- El Tigre property is 95km along trend from Las Chispas
VP Exploration David Duncan involved with discovery and advancement of Santa Gertrudis before it was sold to Agnico Eagle, involved with Etruscan Mining before it was sold to Endeavour
Doing vein sampling in underground historical workings through summer rainy season, plan to raise $3m late summer/early fall to do 10,000m of drilling on the high grade Caleigh and Protectora veins (currently $750k in the bank)
Have only drilled 5 holes in high grade, north end of property, highlights include 10.1 g/t Au and 1,991 g/t Ag over 3.2m 50m from surface surrounded by lower grade halo (0.65 g/t Au and 92 g/t Ag over 26m starting at surface)
- Deepest hit is 1,107 g/t Ag over 1.5m ~70m below surface
- Have traced veins over 200m vertically, 3 km of strike as mapped over surface outcropping through Sierra Madre mountains
- Richest parts of these mineralized systems is where they veins intersect - still haven’t drilled one of those yet but when they do, I would expect multi-kg silver intercepts
Valuation backstopped by pit constrained resource of 600koz AuEq @ 0.7 g/t (done at $1,250/oz Au). Defined a gold alteration halo mineralization in host rock around old El Tigre mine