Company

GR Silver considers Plomosas and San Marcial to be the most important areas in our mining district. The Company controls key concessions adjacent to important projects in the Rosario Mining District making it well placed for continued growth and able to take advantage of future business opportunities. The Company holds all exploration licenses and permits required for exploration on both areas and the necessary permits for exploitation at the Plomosas Mine Area.

The Plomosas Mine Area is located approximately five kilometres northwest of GR Silver’s San Marcial Mine Area, in the Rosario Mining District of Sinaloa, creating synergies for exploration, drilling, resource expansion and future development. Both areas present a geological setting, located along the western edge of the Sierra Madre Occidental, resembling the San Dimas Mining District, which has produced 600 M ounces of silver and 11 M ounces of gold. Our Plomosas Project includes historical drilling database completed by First Majestic Inc. and Grupo Mexico S.A. de C.V. The combined infrastructure and data between these areas offer the opportunity for integration of exploration and future resource definition in a series of drilled targets. GR Silver’s portfolio consists of over 29,000 hectares, controlling most of the silver-gold-lead-zinc mineralized zones identified in the eastern Rosario Mining District.

Plomosas

GR Silver Mining owns 100% of the Plomosas Mine Area located near the historic mining village of La Rastra, within the Rosario Mining District. The silver and gold mineralization display the alteration, textures, mineralogy and deposit geometry characteristics of a low sulphidation epithermal silver-gold-base metal vein/breccia mineralized system. Previous exploration focused on lead-zinc-silver-gold polymetallic shallow mineralization, hosted in northwest to southeast structures in the vicinity of the Plomosas mine. The east-west portion of the mineralization remains under-explored. Plomosas and San Marcial collectively represent a geological setting resembling the multimillion-ounce San Dimas Mining District which has historically produced over 600 M ounces silver and 11 M ounces gold over the span of more than 100 years.

San Marcial

San Marcial is a near-surface, high-grade silver, lead, and zinc open-pit amenable project. GR Silver Mining is currently expanding its NI 43-101 resource estimate at the San Marcial project, which contains 36 M ounces silver equivalent (indicated), 11 M ounces silver equivalent (inferred), by defining new high-grade gold and silver targets along the project’s six kilometre mineralized trend. GR Silver Mining is currently carrying out underground development and additional drilling at San Marcial Project.

GR Silver Mining’s other projects are situated in areas attractive for future development in the vicinity of Plomosas and San Marcial in the Rosario Mining District.

Our exploration team has over ten years of experience in the Rosario District with a record of successful discoveries. Our over 250 square kilometre exploration portfolio covers some of the most prospective areas in the Rosario Mining District.

La Trinidad

La Trinidad was reported to have been one of the highest-grade open-pit, heap leach gold mines in Mexico until it was closed in 2019.

On April 1, 2021, GR Silver Mining acquired 100% of Marlin Gold Mining Ltd. (“Marlin”). Marlin owns 100% of Oro Gold de Mexico, S.A. de C.V. (“Oro Gold”) a Mexican company, that owns the La Trinidad gold mine (“La Trinidad”), and twelve highly prospective concessions totalling 107,392.5 hectares located adjacent to GR Silver’s existing portfolio of properties. This gives the Company control of 75 kilometres of prospective trend with known mineralization including three zones and over 24 shallow gold-silver old workings, which are strategically located in the historic Rosario Mining District, Sinaloa, Mexico, on the western edge of the prolific Sierra Madre Occidental gold-silver belt.