BingX Listed as Approved VASP by Upbit Korea Under Travel Rule Framework
"This integration enhances our user experience by enabling smoother and more secure transfers of crypto assets between the platforms," said Daniel Lai, Chief Business Officer at BingX. "We're continuously improving platform connectivity and service reliability to ensure that our users enjoy a more efficient trading journey, and this development also reinforces our commitment to responsible innovation in the digital asset space."
Upbit Korea is a top-tier digital asset exchange headquartered in South Korea. This platform has been a dominant player in the South Korean market since its launch in 2017. With high trading volumes and a wide range of listed assets, Upbit Korea continues to play a significant role in shaping the local crypto ecosystem.
About BingX
Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.
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Highlights of the Step Out Drilling at San Marcial (see also Table 1): Drilling has identified a wide hydrothermal breccia and stockwork system, with multiple Ag-mineralized intervals at shallow depths in the vicinity of the Resource Area (Figure 1). SMS25-05: 26 m at 122 g/t Ag Eq (from 0 m down hole), including 11.9 m @ 214 g/t Ag Eq (including 0.9 m @ 716 g/t Ag Eq) SMS25-04: 36 m at 144 g/t Ag Eq (from 0 m down hole), including 0.3 m @ 2008 g/t Ag Eq SMS25-03: 0.2 m at 2359 g/t Ag Eq (from 175.1 m down hole), including GR Silver Mining's President and CEO, Marcio Fonseca, commented, " The success of the step-out drilling program at the San Marcial Area is the result of the integration of all available exploration data, which has been used to delineate new, wide, shallow zones of silver mineralization near the existing resource area. The initial five drill holes confirm the presence of mineralization along major NE- and NW-trending structural corridors associated with the recently discovered intrusive system. A better geological understanding of the structural controls of NE and NW structures, in conjunction with the recently mapped intrusions in the San Marcial area, is providing critical data to support the continuity of the step-out drilling in the coming months. This marks a significant milestone in advancing exploration at San Marcial and reinforces our ongoing strategy for resource growth." Geological Description Step-Out Initial Drilling Results The Step-Out Drilling marks a significant milestone, leveraging knowledge acquired over the past 12 months to advance resource growth in the San Marcial Area. Comprehensive interpretation and 3D modelling of ground geophysical data have outlined a large, regional intrusive-related anomaly (Figure 1), defining a broad, untested footprint that will be a key focus for resource expansion drilling in the coming months as part of GR Silver's ongoing exploration program. Table 1 Drilling Highlights – Initial Step-Out Holes - NW Extension and Parallel Breccia Areas (New Targets) Drill Hole New Targets From (m) To (m) Type Interval (m) AgEq* g/t Ag g/t Au g/t Pb % Zn % SMS25-06 NW Extension 9.0 26.0 Hydrothermal Breccia 18.0 39 32 0.02 0.1 0.1 84.6 106.2 Hydrothermal Breccia 23.3 55 44 0.01 0.2 0.3 SMS25-05 NW Extension 0 26.0 Hydrothermal Breccia 26.0 122 114 0.01 0.1 0.2 (Incl) 0 4.5 Hydrothermal Breccia 4.5 308 299 0.01 0.2 0.4 (Incl) 0 11.9 Hydrothermal Breccia 11.9 226 214 001 0.2 0.3 SMS25-04 Parallel Breccia 0.0 36.0 Hydrothermal Breccia 36.0 144 121 0.28 0.1 0.1 (Incl) 14.9 15.4 0.5 746 722 0.23 0.2 0.1 (Incl) 20.6 21.0 0.4 725 641 1.14 0.1 0.1 (Incl) 34.5 34.8 0.3 2008 1982 0.08 0.5 0.2 SMS25-03 Parallel Breccia 126.3 126.7 Epithermal Veins 0.4 726 22 10.30 0.1 0.1 175.1 175.3 Epithermal Veins 0.2 2359 23 34.30 0.1 0.1 Note: Numbers may be rounded. Results are uncut and undiluted. True width not estimated as the Company does not have sufficient data from the new mineralized zones to determine the true widths of the intervals with any confidence. * Ag Eq calculations using US$22.00/oz Ag, US$1,750/oz Au, US$0.90/lb Pb, US$1.10/lb Zn and US$3.00/lb Cu, with metallurgical recoveries of Ag – 94%, Au – 80%, Pb – 59%, and Zn – 80%. Ag Eq = ((Ag grade x Ag Price x Ag recovery) + (Au grade x Au price x Au recovery) + (Pb grade x Pb price x Pb recovery) + (Zn grade x Zn price x Zn recovery) + (Cu grade x Cu price x Cu recovery)/(Ag price x Ag recovery) Drill holes SMS25-01 and SMS25-02 were designed to test the down-dip continuity of mineralization at approximately 85 and 125 metres below the surface, respectively. However, both holes intersected a late-stage dyke that displaced the mineralized zone at the targeted depth. As a result, drilling was halted, and the rigs were moved to the SMS-25-05 and SMS-25-06 locations, approximately 100 metres along strike, to better delineate the geometry and extent of the silver-mineralized hydrothermal breccia beyond the current Resource Area boundary. Drill holes SMS25-03 and SMS25-04 were completed at the Parallel Breccias Area located up to 125 metres west of the Resource Area boundary (Figure 1). Drill hole SMS25-03, oriented at 135°, was designed to intersect perpendicular to a major NE-trending fault (Figure 1). The hole provided important geological information, confirming the presence of high-grade, narrow silver and gold mineralization hosted within a volcano-sedimentary unit that had not been previously intersected by most of the drilling within the Resource Area. 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The wide nature of the mineralization supports future drilling down dip to follow up on the model of the presence of much higher silver-grade mineralization at specific elevations, as evidenced in other drill holes in the San Marcial area. It contains frequent intercalations of sulphide-rich material, including galena, sphalerite, pyrite, and silver sulphides (AgS). Clear zonation is observed at the top and bottom contacts of the hydrothermal breccia, while the central portion exhibits silver mineralization at lower concentration levels. The most intensely brecciated and silver mineralized zones occur between 12.00–24.95 m and 93.40–107.35 m, with minor intervals of mineralized breccia present in the middle section. The high-grade mineralized interval exhibits intense chloritization, a key geochemical indicator commonly associated with strongly silver-mineralized hydrothermal breccias in the San Marcial area. Silver remains the predominant mineralization in most of the results with minor levels of lead, zinc and gold. Step-out drilling is progressing with the initiation of deeper down-plunge drilling at the SE Deep Extension target. This represents the first set of holes designed to test the continuity of the mineralized zone approximately 150 m down-plunge from the deepest previous intersection within the Resource Area. Additional shallow drilling of the Parallel Breccia and NW Extension targets is also scheduled for completion in the coming weeks. Table 2: 2025 San Marcial Step -Out Drill Program – Drill Hole Details Note: all holes drilled from surface; WGS84 Datum TBD: To be defined About the Plomosas Project The Plomosas Project, including the recent high-grade silver discovery in the San Marcial SE Area, is progressing in 2025 as an emerging high-grade silver district located in southern Sinaloa, Mexico. The Plomosas Project, covering 43,187 ha, benefits from mine infrastructure, road access and existing permits associated with past-producing mining sites. The district contains intermediate to low-sulfidation epithermal silver and gold mineralization, hosted in hydrothermal breccias and veins. Recent success in exploration and drilling has delineated wide, high-grade, shallow hydrothermal breccias in the San Marcial Area, including the SE Area discovery, where step-out drilling is progressing in 2025, aiming for continuous resource growth. At the historical Plomosas Mine, where Grupo Mexico operated the underground mine from 1985 to 2000, exploration and metallurgical programs are being conducted to support future decisions regarding the implementation of a Bulk Sampling Test Mining Program QA/QC Procedures The Company has implemented QA/QC procedures, which include the insertion of blank, duplicate, and standard samples in all sample lots sent to SGS de México, S.A. de C.V. laboratory facilities in Durango, Mexico, for sample preparation and assaying. For every sample with results above Ag >100 ppm (over limits), these samples are submitted directly by SGS de Mexico to SGS Canada Inc. at Burnaby, BC. Core samples are represented by both HQ and NQ diameters and samples are represented by ½ core split of original analytical methods include four acid Digestion and Inductively Coupled Plasma Optical Emission Spectrometry, with Lead Fusion Fire Assay and a gravimetric finish for silver above over limits. For gold assays, the analytical methods are Lead Fusion and Atomic Absorption Spectrometry, Lead Fusion Fire Assay, and gravimetric finish for gold above over limits (>10 ppm). Qualified Person The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Marcio Fonseca, P. Geo., President & CEO for GR Silver Mining, who has reviewed and approved its contents. 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 Plomosas Project, including the former Plomosas underground mine and wide, high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km² of highly prospective, advanced-stage exploration concessions position the Company well for resource expansion at the Plomosas Project. GR Silver Mining Ltd. Márcio Fonseca, President & 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.
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