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GR Silver Mining Reports "Exceptionally High Silver Grades" From Drill Results at San Marcial Deposit

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GR Silver Mining (GRSL.V) reported "exceptionally high silver grades" from drill results at the San Marcial deposit, confirming the "robust" geological model, and the continuity of high-grade silver mineralization controlled by key structural features, it said overnight Tuesday.

The "exceptional silver grades encountered in SMS26-04 highlight the strong structural control of the mineralizing system and further support the exploration potential of key inflection zones, including structural jogs and shear zones, as priority targets for additional high-grade mineralization," the company said in a statement.

Results showed 45.1 meters (m) at 1,623 grams per tonne (g/t) silver (Ag), including 8.25 m at 8,579 g/t Ag, in hole SMS26-04. Results from SMS26-04 also confirm the continuity of near-surface mineralization previously intersected in drill holes SMS22-16, which returned 123.1 m at 112 g/t Ag, and SMS22-22, which returned 82.7 m at 121 g/t Ag.

Shares of the company closed down 4.7% to $0.305 on Tuesday on the TSX Venture Exchange.

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