The security situation in Sinaloa, Mexico has forced another mining exploration name to halt activity in the region. GR Silver (TSXV: GRSL) this morning indicated it is suspending field work at its Plomosas Silver Project.
GR Silver stated in making the announcement that there have been no specific incidents of violence on its properties, and no threats to the company or its employees or consultants in accessing the project. The “temporary pause” is instead being undertaken as a precautionary measure to “allow time for the considerable efforts of the Government of Mexico to increase security and stability” within the region.
Prior to the exploration program being suspended, GR Silver was conducting a drill program that was targeting the expansion of the San Marcial footprint by 350 metres to the northwest. The program, which was announced March 3, had only seen a single hole completed prior to the pause in work. Surface evaluations meanwhile had been completed along 500 metres of strike, with new prospective targets identified.
Sponsored · Selkirk Copper Mines
A timeline to exploration resuming has not been provided.
GR Silver last traded at $0.145 on the TSX Venture.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
