Mar 30, 2022
 in 
Precious Metals

This Silver Stock is Drilling for District Scale Discoveries

Silver rallies above US$25 per-ounce for the first time since November, last traded at $24.75, but a record increase in demand for the metal will boost its price even further this year.

Industrial demand will contribute to half the total demand for silver and will be a key driver for silver’s price movement. The Silver Institute forecasts growth of 5% this year for global industrial silver demand to a new high of 552 million ounces.

Other factors that will contribute to higher silver prices is that it has serves as a hedge against inflation, offering investors stable long-term value when there are uncertainties across the world.

The latest moves in silver are driven from the news on Russia’s invasion of Ukraine and has boosted haven asset demand.

The initial shock of what has taken place with Russia and Ukraine sent all safe-haven metals higher, gold and silver specifically. Other commodities affected by Russia also moved up," RJO Futures senior markets strategist Peter Mooses told Kitco News. "And as the day progressed, things started to pull back. Margin calls had to be met, and traders had to get in and out of their positions due to the volatility. There was profit-taking as well."

ONE SILVER STOCK FOR YOUR WATCHLIST

GR Silver (TSX.V: GRSL) (OTCQB: GRSLF) is an exploration and development company focused on delivering the next district-scale mining operation within one of the most prolific mining districts.

The company operates within the Rosario Mining District which hosts several rich multi-million-ounce projects. and is the first time the district has been consolidated into one opportunity. GR Silver (TSX.V: GRSL) (OTCQB: GRSLF) is primarily focused on 2 main areas:

  • San Marcial
  • Plomosas

The Plomosas Project could potentially be the next multi-million-ounce gold and silver discovery, the project hosts the same geological setting to the San Dimas Mining District which has produced over 11Moz gold and 600Moz silver.

Latest exploration work has shown a new high-grade gold zone parallel to the plomosas vein system. These were the first results Trampolín and Corta Pico vein systems, representing a set of N-S and NE-SW trending veins, located between the Plomosas and Loma Dorada vein systems. The Trampolín vein system can be considered the NE extension of the San Juan vein system, expanding the footprint of Au mineralization over 1,300 m to the NE. The results from Trampolín and Corta Pico confirm the presence of two Au-rich epithermal vein systems with the potential for higher-grade Au and Ag mineralization at depth

At San Marcial, the latest drilling has defined numerous new high-grade zone which include – 38m at 299 g/t silver, including 1,091 g/t silver over 2.1m and 1,002 g/t silver over 3.5m which could potentially confirm a resource expansion (Indicated resource of 36Moz Silver Eq. and inferred resource of11Moz AgEq.).  

FUTURE PLANS FOR GR SILVER (TSX.V: GRSL) (OTCQB: GRSLF)?

GR Silver (TSX.V: GRSL) (OTCQB: GRSLF) is fresh off a $7.35 million financing, led by some of the most strategic mining investors across the global. The company current share structure is broken down by:

·      First Majestic (TSX: FR) 12.9%

·      Management & Insiders 7.5%

·      Institutions & Funds 29.2%

·      Others 50.4%

As of today, GR Silver (TSX.V: GRSL) (OTCQB: GRSLF) is trading at $0.25, and has 194.98M shares outstanding, giving it a market cap of $48.75M.

The company is cashed up and ready to unlock the true potential of the Rosario Mining District and will continue completing aggressive drill programs to further expand current resources.

Disclaimer: GR Silver is a paid marketing client*

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