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Great Panther Silver Ltd.
Summary
| Project: | Guanajuato Mine Complex | |
|---|---|---|
| Deposit: | Guanajuato, San Ignacio | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-1-2018: Great Panther Silver Ltd. announces a Resource Estimation report for its Guanajuato, San Ignacio deposit at the Guanajuato Mine Complex project. Updated mineral resource estimate at Guanajuato and San Ignacio Mines. GREAT PANTHER SILVER LIMITED | |
| Resources: | (Resource, M+I): 1.213324Mt @ 156g/t Ag, 2.74g/t Au at project | |
| CP/QP: | [Resources]: Matthew C. Wunder (Internal) | |
| ABSTRACT: | GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE American: GPL) (“Great Panther”; the “Company”) announces an updated Mineral Resource Estimate for the Company’s Guanajuato Mine Complex (“GMC”) in Guanajuato, Mexico. For the purpose of resource estimation, the GMC includes the operating Guanajuato and San Ignacio Mines. “We are excited to announce an almost doubling of the estimated Measured and Indicated Mineral Resource at the GMC to over 13 million silver equivalent ounces,” stated James Bannantine, President & CEO. “This is a strong testament to our ability to continue to develop new mineral resources at the GMC and expand its potential. In this regard, we have over 24,000 metres of drilling planned for the GMC in 2018, which we believe will continue to add to the mineral resource inventory.” During 2017, exploration at the San Ignacio Mine consisted of both surface and underground drilling. This drilling resulted in the extension and continued delineation of the Melladito and Nombre de Dios zones and a significant increase in Measured and Indicated Mineral Resources. At San Ignacio, plans for 2018 include 5,000 metres of surface exploration drilling designed to test the down dip extension of the main productive structures and along the Nombre de Dios structure, and 5,000 metres of underground delineation drilling to upgrade and expand resources in these areas. At the Guanajuato Mine, underground exploration in 2017 was focused on the Cata, Los Pozos, Guanajuatito, San Cayetano, Santa Margarita and Valenciana mining areas. An underground drill program of approximately 14,000 metres is planned for 2018, which will continue to focus on increasing Mineral Resources in these same areas. | |
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