VANCOUVER, BC, May 10, 2023
/CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the
"Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE)
– today announces that, pursuant to the Company's Omnibus
Equity Incentive Plan, the Company has granted incentive stock
options to purchase up to 1.05 million common shares (the
"Options") to officers of the Company. The option grant is the
result of the Company's annual compensation review, in addition to
those granted on joining the Company. Subject to the provisions of
the Company's Omnibus Equity Incentive Plan, 300,000 of the Options
vest immediately and 750,000 of the Options will vest one-third on
grant, one-third on the first anniversary of the grant, and
one-third on the second anniversary of the grant. The Options are
exercisable at $0.09 per share for a
period of five years from the date of grant and are subject to the
policies of the TSX Venture Exchange.
About the Plomosas Project
The Plomosas
Project, including the recent high-grade silver SE Area discovery
in the San Marcial Area, is an emerging high-grade silver district
located in southern Sinaloa,
Mexico. The 43,187 ha Plomosas Project includes
past-producing historical mining sites benefiting from previous
mine infrastructure, road access and existing permits. The district
contains intermediate to low sulphidation epithermal silver and
gold mineralization hosted in hydrothermal breccias and veins.
Recent success in exploration and drilling has delineated wide,
high-grade, shallow hydrothermal breccias in the San Marcial Area,
including the SE Area discovery, where initial drilling
incorporated in the updated resource estimation for the Plomosas
Project unveils an exploration opportunity for continuous resource
growth.
About GR Silver Mining Ltd.
GR Silver Mining is a
Canadian-based, Mexico-focused
junior mineral exploration company engaged in cost-effective
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. GR
Silver Mining controls 100% of two past producer precious metal
underground and open pit mines, within the expanded Plomosas
Project, which includes the integrated San Marcial Area and
La Trinidad acquisition. In
conjunction with a portfolio of early to advanced stage exploration
targets, the Company holds 734 km2 of concessions
containing several structural corridors totaling over 75 km in
strike length.
GR Silver Mining Ltd.
Eric Zaunscherb
Chair & CEO
Cautionary Statement Regarding Forward-Looking
Information
This press release contains
"forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on
the beliefs of management and reflect the Company's current
expectations. When used in this press release, the words
"estimate", "project", "belief", "anticipate", "intend", "expect",
"plan", "predict", "may" or "should" and the negative of these
words or such variations thereon or comparable terminology are
intended to identify forward-looking statements and information.
Such statements and information reflect the current view of the
Company. Risks and uncertainties may cause actual results to differ
materially from those contemplated in those forward-looking
statements and information. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE GR Silver Mining Ltd.