GUANAJUATO SILVER

Guanajuato Silver or “GSilver” (TSXV:GSVR, OTCQX:GSVRF) has identified a location with enormous untapped potential in the region around Guanajuato, Mexico, and has moved decisively to capitalise on it. Its main focus is the reactivation of past-producing silver and gold mines in the area, and to that end it owns the El Cubo and El Pinguico properties, both of which host past-producing mines and are separated by only 8 km. The El Cubo mine produced 12,112,892 ounces of silver and 144,100 ounces of gold before being shuttered by its previous owners in 2019. According to the PEA for GSilver in January 2021, the remaining measured and indicated resources at El Cubo amount to 3,169,000 ounces of silver and 39,860 ounces of gold, with El Pinguico having 535,100 ounces of silver and 4,055 ounces of gold. However, mineralised trends at both sites remain open-ended. Both projects would be developed as underground operations according to the PEA, and the proximity of the properties to each other would enable the existing 750 tonne per day crushing, grinding and floatation plant at El Cubo to process feedstock from both. In addition to El Cubo and El Pinguico, GSilver holds the nearby Patito I & II projects, which are seriously under-explored given their prime location for precious metals, and geophysical work has so far revealed tantalising anomalies. The Analy I & II projects lie slightly further from Guanajuato in a historical silver-lead-zinc camp that has never been explored using modern methods, and they therefore offer major potential for discovery. Finally, the properties comprising the Three Amigos project fall in a historic gold, silver-zinc-lead and mercury district in the east of the state. GSilver has immediate plans to start exploration on the El Ruso property in this region. GSilver is a company with a clear direction and purpose, and with multiple decades of experience among the management and board in engineering, mining and capital markets, they are well-positioned to deliver on the promise of Guanajuato.