Eric Zaunscherb to become new GR Silver Chairman
The former company director will assume his new job tomorrow.

GR Silver Mining Ltd. \[GRSL-TSXV, OTCQB, GPE-Frankfurt\] announced on Monday that it has appointed Eric Zaunscherb as the company's non-executive CEO with effect from July 1, 2021. Zaunscherb, who has been a director of GR Silver since April 2020, is a well-known Canadian mining analyst who previously served as Managing Director - Metals & Mining Analyst at Canaccord Genuity, where he coordinated the company's global mining stocks research team. He is a qualified geologist. GR Silver shares fell 1.7%, or $ 0.01, to 59 cents on Monday. Stocks are currently trading on a 52-week range of 95 cents and 46 cents. GR Silver is a Mexico-focused company engaged in the cost-effective expansion of silver-gold resources on its 100% owned assets located in the Rosario Mining District, southeast Sinaloa, Mexico. The company said it has gained full control of 1,400 square kilometers through three major acquisitions in three years, including two formerly producing mines and three areas - San Marcial, La Trinidad and Plomosas - which it believes will expand known resources can be. GR Silver's 6,574 acre Plomosas silver project is located near the historic mining village of La Rastra and within 5.0 kilometers of the Company's San Marcial silver project in the Rosario district. Plomosas is a past producing plant in which only one mine, the lead-zinc-silver-gold underground mine Plomosas, operated from 1986 to 2001 with a crusher-mill-flotation circuit with a capacity of 600 tons per day was operated and produced approximately 8.0 million ounces of silver, 73 million pounds of lead and 28 million pounds of zinc. The March 2020 acquisition of the Plomosas Silver Project included 563 historical and current drill holes, both surface and underground. These drill holes represent an extensive database that enables the company to conduct a resource estimate and potential project development in the near future. San Marcial is a near surface high grade silver-lead-zinc open pit project that is estimated to contain an Indicated Resource of 36 million ounces of silver equivalent (AgEq) and an Inferred Resource of 11 million AgEq. The company recently completed 320 meters of underground development in the San Marcial resource area, from which underground drilling is planned to expand the high grade portions of the resource down dip. The La Trinidad Project, acquired in March 2021, includes a former open pit head leach mine that operated between 1995 and 1998 and produced approximately 52,000 ounces of gold. Subsequent production between 2014 and 2019 brought cumulative production to 112,000 ounces of gold. When GR purchased the facility, it also acquired an extensive regional database of geological, geochemical and geophysical information resulting from the efforts of a previous operator who spent $ 18.6 million. GR recently commenced a 14,000 meter exploration drill program targeting newly identified and untested silver-gold veins on its concessions within the Rosario Mining District in Sinaloa. The Company said seven drill rigs will be mobilized to conduct this program at new project locations on the Company's extensive silver-gold vein systems that span structural trends covering a combined strike length of 75 meters in the Plomosas, San Marcial and Project areas Cover La Trinidad.
