La Trinidad has been one of the highest-grade open pit heap leach gold mines in Mexico but is presently nearing the end of its mine life.
On December 12, 2019, GR Silver Mining signed a Letter of Intent with Mako Mining Corp. (“Mako”) pursuant to which it was granted the right to acquire 100% of the shares of Marlin Gold Mining Ltd. (“Marlin”). Click here to read the news release. Marlin is a private British Columbia company, 100% controlled by Mako. Marlin owns, amongst other assets, Oro Gold de Mexico, S.A. de C.V. (“Oro Gold”) a Mexican company that owns the La Trinidad mine and related infrastructure, currently being decommissioned. Oro Gold also controls 100% of nine concessions totaling 104,094.5 ha located adjacent toGR Silver Mining’s existing portfolio in the historic Rosario gold-silver Mining District, Sinaloa, Mexico.GR Silver Mining is currently conducting its due diligence on La Trinidad. The parties have until December 31, 2020, to complete the transaction.