VANCOUVER, BC, March 20, 2023 /CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) is pleased to announce an independent, updated Mineral Resource Estimate (the "Resource Estimate") in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") for the Company's wholly-owned Plomosas Project in Sinaloa, Mexico. The Resource Estimate was completed by ARSENEAU Consulting Services Inc, ("ACS") of Vancouver, British Columbia, Canada, and integrates resources for the San Marcial, Plomosas Mine and San Juan-La Colorada Areas within the Plomosas Project.
Highlights of the Resource Estimate (Table 1) including comparison to the previous mineral resource estimates1 are:
108% increase in indicated mineral resources from 46 Moz to 97 Moz silver equivalent2 ("AgEq")
72% increase in indicated mineral resources from 32 Moz to 55 Moz Ag
61% increase in inferred mineral resources from 33 Moz to 53 Moz AgEq
20% increase in inferred mineral resources from 18 Moz to 22 Moz Ag
44% increase in average indicated mineral resource grade from 143 to 206 g/t AgEq
65% increase in average inferred mineral resource grade from 112 to 185 g/t AgEq
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