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Great Panther Silver Ltd.
Summary
| Project: | Topia | |
|---|---|---|
| Deposit: | Topia | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 1/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-1-2019: Great Panther Silver Ltd. announces a Resource Estimation report for its Topia deposit at the Topia project. Updated mineral resource estimate at project. GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE American: GPL) (“Great Panther”; the “Compan | |
| Resources: | (Resource, M+I): 475.9Kt @ 461g/t Ag, 1.35g/t Au, 3.87% Pb, 4.06% Zn | |
| CP/QP: | [Resources]: Robert F. Brown (Internal) | |
| ABSTRACT: | GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE American: GPL) (“Great Panther”; the “Company”) announces that it has completed an updated Mineral Resource Estimate (“MRE”) in accordance with National Instrument 43-101 for the Company’s 100% owned Topia silver-goldlead-zinc Mine in Durango, Mexico. “We are very pleased to announce a 28% increase in the Measured and Indicated Mineral Resources at the Topia Mine to nearly 15 million silver equivalent ounces,” stated James Bannantine, President & CEO. “The Company was able to increase the resources even after mine depletion over the past four years. This update provides for a long mine life at Topia and supports the planned increase in processing capacity which is expected to increase 2019 production by approximately 25%. In addition, the conversion of Inferred Resources and further exploration potential provide a good opportunity to further extend mine life.” The geological interpretations are similar to the previously reported MRE with the exception of adjustments made due to improved geological understanding of faulting and vein splays, and further constraints on the Leapfrog geological software used to create wireframes. Vein widths were adjusted to a minimum width of 0.3 m, with the assumption of zero grade waste, for the construction of wireframes. Capping of extraordinary high analytical values was completed both for drill core and underground samples from all 52 veins. The block modelling was conducted using MicroMine 3D geological software and the Inverse Distance Cubed grade estimation method. The NSR calculation was then completed on undiluted and capped block model assays. | |
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