VANCOUVER, BC, Aug. 6, 2024
/CNW/ - GR Silver Mining Ltd. ("GR Silver Mining" or the
"Company") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – today
announces several changes to the Board of Directors of GR Silver
Mining as the Company positions itself for resource growth
supported by recent discoveries in the San Marcial Area and the
potential development of the Company's core Plomosas Project.
GR Silver Mining is pleased to welcome two new directors by
appointment to its Board of Directors, Mr. Brent McFarlane and Ms. Jessica van den Akker, effective August 12, 2024.
Mr. Brent McFarlane brings over
30 years of experience gained in strategic planning, project
development construction and operations of large mining projects in
Latin America as a mining
engineer. His project development and management, engineering, and
financial skills delivered highly profitable results, while
demanding the highest safety and environmental standards. Most
recently, he has focused on high-level evaluations of metals
projects worldwide and performed due diligence and extended
operational audits of producing mines for various clients. As Vice
President, Operations for SilverCrest Mines, Mr. McFarlane
successfully turned around and expanded the flagship Santa Elena Mine, doubling silver production and
tripling gold production. He launched and managed the $85 million mine expansion, transitioning
Santa Elena from an open-pit, heap
leach operation to an underground, 3000-tpd CCD milling circuit
within budget. More recently, at SilverCrest Metals' Las Chispas
Project, he managed initial underground development and
successfully met development targets under budget and significantly
ahead of schedule. Mr. McFarlane earned a BS in Mining Engineering
at the University of Arizona.
Mr. McFarlane commented, "I am really excited to join the GR
Silver Mining Board of Directors and look forward to working with
and supporting the GR Silver Mining team to fully unlock the value
of the San Marcial Area and the Plomosas Project. Having recently
visited the Mexican assets, I am very impressed by the excellent
technical work done to date by GR Silver Mining and their
management team in Mexico. I have
seen very few projects at this stage that already have the
management expertise and experience in-place to successfully
maximize the overall project value in subsequent phases, while
fully understanding how critical it is to maintain the high ESG
standards that GR Silver Mining has established in Mexico."
Ms. Jessica Van Den Akker is a
Chartered Professional Accountant (CPA, CA) with over 18 years of
experience in the resource sector. She gained extensive experience
through one of the largest public company auditors in Canada. Work with significant clients included
planning, staffing and executing projects, as well as managing
client relationships. She is proficient in multiple reporting
frameworks and auditing standards in Canada, the United
States, and internationally. She had key advisory roles on
complex issues including deferred taxes, consolidations, business
combinations and derivatives. More recently, Ms. Van Den Akker's career has evolved to include
public company CFO, Corporate Secretary and VP Finance roles, as
well as several independent board memberships and chairs of board
audit committees. She has maneuvered companies through the
regulatory landscape and established guidelines, policies and best
practices for regulatory markets, operations and financial
reporting. Ms. Van Den Akker is a
graduate of Simon Fraser University
where she received a Bachelor of Business Administration.
Ms. Van Den Akker added, "I am
thrilled to join the GR Silver Board of Directors. Management has
executed an impressive transformation of the Company over the past
year. I look forward to bringing my expertise to the team and
working together as we continue to build on their current
success."
The Company has accepted the resignation of Mr. Fernando
Berdegué de Cima from its Board effective August 12 as he focuses on his other business
interests in Mexico. Mr. Berdegué
joined the Company's Board in July
2023 as an independent director.
CEO and Chair of the Board of Directors Eric Zaunscherb, stated, "On behalf of the Board
of Directors, the management, and the Company's shareholders, we
are excited to welcome the addition of Brent and Jessica to the
Board team. Brent brings exceptional project development and mining
operational experience with Mexican mining context, while Jessica
brings to bear essential regulatory and capital markets insights.
We are very proud and appreciative that they have agreed to join
our board as we take GR Silver Mining to the next level." He
continued, "On behalf of all of us, I wish to extend heartfelt
thanks to Fernando. Fernando joined the Board at a particularly
difficult time for the Company and has provided excellent support
and advice throughout his tenure. We wish him good fortune in his
future endeavours."
About GR Silver Mining Ltd.
GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration
company engaged in cost effective silver-gold resource expansion on
its 100%-owned assets, located on the eastern edge of the Rosario
Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of the
former Plomosas underground mine within the Plomosas Project, which
includes the integrated San Marcial Area. In conjunction with a
portfolio of early to advanced stage exploration targets, the
Company holds 78 km2 of highly prospective core
concessions and an additional 270 km2 of non-core
concessions.
GR Silver Mining Ltd.
Eric Zaunscherb, Chair &
CEO
Cautionary Statement Regarding Forward-Looking
Information
This press release contains
"forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on
the beliefs of management and reflect the Company's current
expectations. When used in this press release, the words
"estimate", "project", "belief", "anticipate", "intend", "expect",
"plan", "predict", "may" or "should" and the negative of these
words or such variations thereon or comparable terminology are
intended to identify forward-looking statements and information.
Such statements and information reflect the current view of the
Company. Risks and uncertainties may cause actual results to differ
materially from those contemplated in those forward-looking
statements and information. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE GR Silver Mining Ltd.
