VANCOUVER, BC, June 24,
2024 /CNW/ - GR Silver Mining Ltd. ("GR
Silver Mining" or the "Company") (TSXV: GRSL) (OTCQB:
GRSLF) (FRANKFURT: GPE) – is providing an update on the proposed
transaction announced April 29, 2024
(news release) pursuant to which a private, arm's length Mexican
company was to acquire from the Company 100% of the issued and
outstanding shares of Marlin Gold Mining Ltd. ("Marlin"), a
private British Columbia company.
GR Silver Mining has terminated the Share Purchase Agreement as the
Closing was not completed by the Closing Deadline.
GR Silver Mining is moving forward with several other
initiatives to advance its plans to focus on resource growth and
the potential development of the Company's core Plomosas Project
(78 km2), including the San Marcial, Plomosas Mine, and
San Juan Areas. The Company retains its interest in a total of 734
km2 of concessions in the prolific Rosario District in Sinaloa, Mexico, including the former
La Trinidad oxide gold mine.
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 the
former Plomosas underground mine within the Plomosas Project, which
includes the integrated San Marcial Area. In conjunction with a
portfolio of early to advanced stage exploration targets, the
Company holds 78 km2 of highly prospective core
concessions and an additional 656 km2 of non-core
concessions.
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.