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VANCOUVER , April 23, 2020 /CNW/ – GR Argent Mining Ltd. (TSXV: GRSL, FRANKFURT : GPE, OTCQB: GLYXF) (“GR Argent Mining” or the “Company”) – is admiring to advertise that it has articular added high-grade assignment after-effects at Plomosas Argent Activity (“Plomosas Project”) in Sinaloa, Mexico . The latest after-effects are amid in the Plomosas Abundance Area, one of six antecedence areas with a aggregate of contempo (2016 to 2018) and absolute conduct abstracts actuality appear by the Aggregation (See Drone Image). The best cogent assignment aperture after-effects for this absolution accommodate the following:



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The assignment aperture after-effects serve as affirmation for approaching assets at the Plomosas Abundance Breadth – added high-grade argent and gold in alongside and angled systems to the basic polymetallic advanced breccia, hosted by the Plomosas accountability (Figure 1).



GR Argent Mining President and CEO, Marcio Fonseca , commented, “The aboriginal accumulation of assignment aperture after-effects from the Plomosas Abundance Breadth provides abutment for the cogent abeyant of this breadth for discoveries of new mineralization and the curve of added assets in the future. The after-effects not alone affirm the chain of the polymetallic advanced breccia arrangement down-dip from the absolute underground mine, but additionally present discoveries of alongside Au-Ag mineralized veins and breccias. These appearance are actuality congenital into a 3D geological archetypal for the aboriginal time. The after-effects announce abeyant for aggregate burden polymetallic mineralization (Zn-Pb with adorable Ag-Au grades) in un-mined zones abreast absolute underground development, as able-bodied as new opportunities for approaching expansion. We abide to analysis and validate the all-encompassing database of assignment holes, amalgam all advice in a 3D archetypal aiming at a approaching ability estimation.”

The absolute assignment holes for the Plomosas Abundance Breadth were generated by assignment campaigns completed by Grupo Mexico amid 1982-2000 and Aboriginal Majestic Argent Corp. (“First Majestic”) amid 2016-2018 and anatomy an all-encompassing database for GR Argent Mining. The primary cold of Grupo Mexico was the analysis of Pb and Zn mineralization as abeyant augment for their absolute abutment bulb operations nearby. Aboriginal Majestic accomplished the Plomosas Abundance Breadth aiming to ascertain new mineralized zones down-dip and forth bang from the apparent and underground sites. Wherever appraisal intervals are articular as missing aural the assignment aperture database, the accordant assignment holes will be re-examined, sampled, and assayed application the absolute amount to complete the arrangement of results.



The accepted on-site and database analysis by GR Argent Mining has accepted the actuality of assorted attitude systems hosted in a set of bounded accountability zones (Figure 2). In these favorable zones, advanced mineralization is about encountered on dilational sets breadth the bounded faults appearance changes in direction, both alongside and vertically.

At the Plomosas Abundance Area, the assignment holes from this Account Absolution (Table 1) acquire intercepted polymetallic (Zn-Pb-Ag-Au) breccias and/or shears trending N-S to NW-SE and dipping 35-50 degrees, acceleration the accepted mineralized arrangement down-dip aural the bounded Plomosas accountability (Figure 1). These breccias are predominantly monomictic with angular bits and a sulfide-rich matrix.

The gold and argent mineralization appears to be a after mineralizing appearance about to polymetallic (Zn-Pb-Ag-Au) breccias and they are frequently amid in E-W to NE-SW and N-S to NE-SW accountability systems, respectively. The gold and argent address structures are characterized as a set of low sulphidation epithermal veins and stockworks on the blind bank and footwall of the polymetallic breccias, presenting broadcast zones for approaching ability modelling.

Figure 2: Assignment Aperture Collar Locations and Geology – Mineralized Structures (Plomosas Abundance Area) (CNW Group/GR Argent Mining Ltd.)

Table 2:  Drill Aperture Locations and Coordinates (Plomosas Abundance Area)

Aperture No.

East

North

RL

Azimuth

Dip

Depth (m)

155

451156

2551921

766.2

0

-90

123.5

AU08-PLS-02

450894

2551786

968.0

27

-60

370.9

PD-119

451043

2551921

752.7

270

-60

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147.0

PD-120

451097

2551921

752.7

90

-90

61.1

PLI16-01

450914

2551888

705.0

0

-90

286.4

PLI16-02

450918

2551887

705.0

45

-90

318.6

PLI17-01

450915

2551892

705.0

360

-50

335.5

PLI17-02

450915

2551891

705.0

360

-61

321.9

PLI17-03

450916

2551891

705.0

33

-66

235.4

PLI17-04

450916

2551892

705.0

33

-40

170.2

SD-10

451025

2551843

991.8

57

-83

364.1

SD-45

451048

2551838

990.4

270

-83

376.2

SD-48

451105

2551855

1023.7

90

-83

326.4

SD-54

451107

2551881

1038.7

90

-77

330.7

 

Plomosas Abundance Area

From 1986 to 2001, aural the Plomosas Abundance Area, Grupo Mexico operated a bank 600 tpd allowance and colonnade underground abundance operation to accumulation absolute to the crushing-milling- abutment bulb (decommissioned), bearing both Pb apply and Zn concentrate. The underground abundance operated alone amid levels 1000 m and 750 m and forth a bang breadth of about 350 m . Absolute underground operations mined alone the polymetallic breccia. Two underground admission tunnels were complete to accommodate adaptability to abstract ore from a absolute of 8,000 m of underground development. Today, afterward a aeon of affliction and maintenance, best of the underground development and abundance basement are in acceptable action acceptance absolute admission to all mineralized showings for added sampling.

Historical letters announce that the operations were disconnected due to low article prices in 2001. The absolute underground absolute grade, as appear by Grupo Mexico at the time back operations were interrupted, was based on US$290 /oz Au, US$5 /oz Ag and US$0.50 /lb Zn and Pb. GR Argent Mining is investigating and acceptance the all-encompassing database, that includes both assignment aperture abstracts and additionally underground approach sample results, to absolutely accommodate all the abstracts in accordance with accepted article prices and able QA/QC protocols to ascertain new mineralized zones.

Qualified Person

The accurate and abstruse abstracts absolute in this Account Absolution accompanying to the Plomosas Activity was advised and/or able beneath the administration of Marcio Fonseca , P.Geo.

Quality Assurance Program and Quality Control Procedures (“QA/QC”)

The contempo assignment holes completed by Aboriginal Majestic followed QA/QC protocols advised and accurate by GR Argent Mining, including admittance of bare and accepted samples in all sample lots beatific to Aboriginal Majestic’s Laboratorio Central accessories in La Parilla, Durango, for sample alertness and assaying. Added validation and analysis assays were performed at absolute class by at SGS de México, S.A. de C.V accessories in Durango, Mexico . The analytic methods activated for these contempo holes for Ag and Au assays comprised of Fire Appraisal with Atomic Absorption accomplishment for samples aloft Au > 10ppm and Ag > 300ppm and Gravimetric Finish. Pb and Zn were analyzed application Inductively Coupled Plasma Optical Emission Spectrometry.

GR Argent Mining has not accustomed advice accompanying to the Grupo Mexico QA/QC and appraisal protocols and at this date is because the advice celebrated for account absolution purpose.

About GR Argent Mining Ltd. 

GR Argent Mining Ltd. (GRSL.V) is a Mexico -focused aggregation affianced in cost-effective silver-gold ability amplification on its key assets which lie on the eastern bend of the Rosario Mining District, Sinaloa, Mexico .

PLOMOSAS SILVER PROJECT

GR Argent Mining owns 100% of the Plomosas Argent Activity amid abreast the celebrated mining apple of La Rastra , aural the Rosario Mining District. The Activity is a past-producing asset breadth alone one mine, the Plomosas silver-gold-lead-zinc underground mine, operated from 1986 to 2001. The Activity has an 8,515-hectare acreage position and is strategically amid aural 5 km of the San Marcial Argent Activity in the southeast of Sinaloa State, Mexico . The Plomosas Activity comprises six areas with an boilerplate of 100 apparent and underground assignment holes in anniversary area, geophysical and geochemical abstracts accoutrement best of the concession, and the curve of 16 exploration/drilling targets.

The 100% endemic assets accommodate all accessories and basement including: admission roads, apparent rights agreement, baptize use permit, 8,000 m of underground workings, baptize access, 60 km – 33 KV ability line, offices, shops, 120-person camp, infirmary, warehouses and appraisal lab apery about US$30m of antecedent basic investments. The antecedent owners invested about US$18 actor in exploration.

The argent and gold mineralization on this Activity affectation the alteration, textures, mineralogy and drop geometry characteristics of a low sulphidation epithermal silver-gold-base metal vein/breccia mineralized system. Antecedent analysis was focused on Pb-Zn-Ag-Au polymetallic bank mineralization, hosted in NW-SE structures in the around of the Plomosas mine. The E-W allocation of the mineralization and extensions for the basic N-S Plomosas accountability charcoal under-explored. The Plomosas Argent Activity has added than 500 contempo and absolute assignment holes in six areas – Plomosas Mine, San Juan , La Colorada , Yecora , San Francisco and El Saltito. These assignment holes represent an all-encompassing database acceptance the Aggregation to beforehand appear ability admiration and abeyant activity development in the abreast future.

SAN MARCIAL PROJECT

San Marcial is a near-surface, high-grade silver-lead-zinc accessible pit-amenable project. GR Argent Mining is currently accretion its NI 43-101 ability appraisal at the San Marcial Project, which contains 36 Moz AgEq (Indicated) 11 Moz AgEq (Inferred), by defining new high-grade gold and argent targets forth the project’s 6 km mineralized trend. GR Argent Mining is the aboriginal aggregation to conduct analysis at San Marcial in over 10 years. The NI 43-101 ability appraisal (San Marcial Activity – Ability Admiration and Abstruse Report) was completed by WSP Canada Inc. on March 26, 2019 .

Plomosas and San Marcial collectively represent a geological ambience akin the multimillion-ounce San Dimas Mining District which has historically produced added than 620 Moz argent and 11 Moz gold over a aeon of added than 100 years.

OTHER PROJECTS

GR Argent Mining’s added projects are anchored in areas adorable for approaching discoveries and development in the aforementioned around of Plomosas and San Marcial in the Rosario Mining District.

Mr. Marcio Fonseca P. Geo, President & CEOGR Argent Mining Ltd.                                                                         

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) acquire albatross for the capability or accurateness of this columnist release.

Disclaimer for Forward-Looking Information

This columnist absolution contains advanced statements and advice that are based on the behavior of administration and reflect the Company’s accepted expectations. Back acclimated in this columnist release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the abrogating of these words or such variations after or commensurable analogue are advised to analyze advanced statements and information. Such statements and advice reflect the accepted appearance of the Company. Risks and uncertainties may account absolute after-effects to alter materially from those advised in those advanced statements and information. By their nature, advanced statements absorb accepted and alien risks, uncertainties and added factors which may account our absolute results, achievement or achievements, or added approaching events, to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by such advanced statements.

GR Argent Mining Ltd. (CNW Group/GR Argent Mining Ltd.)

SOURCE GR Argent Mining Ltd.

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