This report contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Such forward-looking statements, including but not limited to, those with respect to potential size and grade of a mineralized zone, potential expansion of mineralization, size and timing of exploration and development programs, estimated project capital and other project costs, and the timing of submission and receipt and availability of regulatory approvals, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement reported to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, precious metal recoveries, changes in project parameters as plans continue to be refined, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation and permitting requirements. Although the writer has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
October 2016
Coeur and Grand Central resume talks regarding a possible joint venture drilling program.
"Although the talks are preliminary, the framework is similar to a structure discussed by both parties last year", said William Aldrich, President and CEO of Grand Central. "Coeur is an excellent company with a strong track record. We look forward to continuing our discussions."
August 2016
Grand Central signs CA with First Quantium. Grand Central to exchange information.
December 2015
Company receives “Letter of Intent” to form a possible joint venture from Equitas Resource Corp. Company to review proposal and respond.
Company to meet with Equitas Resource Corp., a Canadian junior mining company in Vancouver to discuss a possible joint venture for the Cave Mine property.
More drill hole results: Click here.
November 2015
Company completes two drill holes at the Cave Mine property one at a depth of more than 900ft and another over 400ft. Assay results being analyzed by geologists.
Company plans to meet with a Canadian concern in mid December to discuss possible joint venture program and continuation of the drilling program.
Mineralized Intervals In Dill Hole GCDD-1
September 2015
Grand Central signs CA agreement with Coral Reef Capital.
Grand Central receives permit from DOGM to start drilling at the Cave Mine property.
Boart Longyear set to start drilling at the Cave Mine by October 1st.
July 2015
Grand Central signs contract with Boart Longyear to commence a drilling program scheduled for later this year.
Grand Central initiates documentation for Notice of Intent with the Division of Oil, Gas and Mining.
Company discussing the possibility a drilling program with a drilling company scheduled for later this summer/fall at the Cave Mine property.
April 2015
Coeur sites drop in silver prices and decides to postpone possible joint venture agreement.
January 2015
Company receives outline for a possible joint venture agreement from Coeur to drill selected sites at the Cave Mine.
News update July 25 2014.
Hudbay Minerals reviewing Geochemical and Geophysical data on the Cave Mine property.
Coeur Mining to visit the Cave Mine property starting July 25, 3014.
News update July 2014.
Grand Central signs CA agreement with HudBay Minerals Inc.
News update June 2014.
Grand Central to visit with Hudbay Minerals on June 26, 2014 in Toronto, Canada.
Coeur Mining to review geologic reports on the Cave Mine.
Grand Central signs CA with Coeur Mining.
News update April 2014.
Grand Central received Earth Day Award.
William Aldrich, President and CEO of Grand Central Silver Mines with Dan Proctor, Geologist receiving the award on behalf of Grand Central Silver Mines, Dan Proctor and LaGarza Engineering.
Dan Proctor, Geologist, receiving the Earth Day Award from the Utah Department of Oil, Gas and Mining.
Earth Day Award Presentation
Site visit by Anglo-American to the Cave Mine
News update April 2014.
Coeur Mining plans to visit the Cave Mine property in May.
Angloamerican assigns porphyry expert to review Cave Mine data and files.
Angloamerican plans site visit to the Cave Mine property.
News update April 2014.
Grand Central Silver Mines, Inc and LeGarza Exploration have been selected to receive the prestigious 2014 Earth Day Award from the Utah Department of Natural Resources.
Grand Central will receive a letter of Commendation and a plague at a ceremony in Salt Lake City on April 23, 2014.
"We are very pleased to share this award with LeGarza and want to thank them and Dan Proctor for their outstanding work on the reclamation project on the Southwest property last year" said Grand Central's President and CEO William Aldrich.
News update March 2014.
Grand Central signs confidentiality agreement with Anglo American PLC (AAL) LON, allowing Anglo to review various reports and studies on its properties.
Grand Central is pleased to announce this development and hopes that a site visit to its property can arranged in the near future.
February 2014
Company receives earn-in proposal from Gonzaga Resources-deemed not sufficient capital for drilling program.
News update October 2013.
Grand Central Silver Mines Inc. Process Update - 10.24.2013
Grand Central Silver Mines Inc. Process Update (pdf)
Grand Central Silver Mines, Inc. Names The Peakstone Group as its Exclusive Financial Advisor.
Grand Central Silver Mines, Inc., a mineral resource and exploration company based in Hoffman Estates, IL that has exploration properties in the Western United States, has engaged The Peakstone Group as its exclusive financial advisor to evaluate strategic alternatives for the Company’s land holdings, including a possible joint venture arrangement of its property located in the Southwestern portion of the State of Utah.
"We are fortunate to have Peakstone advise us as we try to capitalize on the opportunities that are occurring in the mining industry today. We believe that our core property located in the southwest portion of the State of Utah represents a unique opportunity to find a large-scale copper-gold skarn target and multiple porphyry copper targets as well" said Grand Central’s President and CEO William S. Aldrich.
Grand Central owns and develops properties believed to contain recoverable amounts of gold, copper, silver and other minerals. These properties are generally located in established mining districts with large production histories. The company owns or controls over 13,600 acres in the Western portion of the State of Utah.
While Grand Central maintains an interest in other properties elsewhere in Utah and also in Idaho, the company has focused its attention on the property located in the Lincoln mining district in Utah. The company has conducted numerous geochemical, geophysical, sampled over 500 assays and authorized the completion of a 43-101 technical report on the property last year by a Qualified Person as such term is defined by National Instrument 43-101.The technical report was authored by Tom E. McCandless, Ph.D., P.Geo., President, MCC Geoscience, Inc., and is entitled “Technical Report on the Cave Mine Project, Beaver, Utah, USA and was completed in July of last year.
About The Peakstone Group
The Peakstone Group is a world-class investment-banking firm focused on the middle market. Peakstone specializes in mergers and acquisitions advisory, exclusive sales and capital raising. Peakstone’s ability to support its clients’ objectives with capital is the foundation of its business and strategy. Peakstone also makes direct equity investments. For additional information, please visit www.peakstonegroup.com or contact Carolyn Henson at chenson@peakstonegroup.com.
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