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Great Panther Silver Ltd.
Summary
| Project: | Tucano | |
|---|---|---|
| Deposit: | Tucano | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 3/9/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-3-2020: Great Panther Silver Ltd. announces a Resource Estimation report for its Tucano deposit at the Tucano project. Updated Mineral Resources and Reserves at the Tucano Mine. GREAT PANTHER MINING LIMITED (NYSE American: GPL; TSX: GPR) (“Great Panther | |
| Resources: | (Reserves, P+P): 9.119Mt @ 2.20g/t Au (646koz Au) | |
| CP/QP: | [Resources]: Reno Pressacco, Goran Andric, Jason Cox (Independent) | |
| ABSTRACT: | GREAT PANTHER MINING LIMITED (NYSE American: GPL; TSX: GPR) (“Great Panther”, the “Company”) today announced its inaugural Mineral Resource and Mineral Reserve Estimate (the “MRMR”) for its 100% owned Tucano Gold Mine (“Tucano”) in Brazil and updated Mineral Resource Estimates for the two mines at its Guanajuato Mine Complex (“GMC”) in Mexico. The Company also provides an update on its Topia Mine in Mexico regarding potential near term interruption of operations as a result of temporary cessation of tailings deposition activities at the existing tailings storage facility. The MRMR reflects the first mineral resource and reserve estimate undertaken by the Company for Tucano since the Company’s acquisition of the mine in March 2019. The MRMR has an effective date of September 30, 2019 and uses a more rigorous approach to mineral resource and reserve estimation at Tucano compared to the June 30, 2017 estimate of the previous operator. The MRMR reflects operating experience since acquiring the mine in 2019 and a better understanding of the mine’s geology, and is therefore expected to improve mine forecasting reliability. Internationally recognized mining consultants Roscoe Postle & Associates (“RPA”) acted as independent technical qualified persons for the MRMR. | |
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