Resource News

Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) released an updated mineral resource estimate for its Mexico-based Topia silver-gold-lead-zinc mine.

Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) released an updated mineral resource estimate for its Mexico-based Topia silver-gold-lead-zinc mine.
Highlights include:

  • Measured & Indicated (“M&I”) mineral resources increased by 41%, year over year, to 346,200 tonnes grading 624g/t silver, 1.31g/t gold, 4.50% lead and 4.19% zinc, containing 11.58 million silver equivalent ounces (“Ag eq oz”)
  • Inferred mineral resources increased by 29%, year over year, to 357,400 tonnes grading 592g/t silver, 1.31g/t gold, 3.44% lead and 3.96% zinc, containing 11.05 million Ag eq oz

Robert Archer, president and CEO of Great Panther, commented:

The significant increase in the Topia Mineral Resource Estimate reflects continual refinements and improvements in our resource model. The improved modeling, successful in-vein development and better reconciliation between the geological model and actual mine output resulted in an increase in estimated tonnage and contained ounces, in spite of a notable drop in the silver price.  In addition, our operations team continues to convert Inferred resources to M&I resources through underground development and sampling, underpinning the long mine life at Topia.

Click here to read the full Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) press release.
Great Panther Silver Limited is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE MKT trading under the symbol GPL.  Great Panther’s current activities are focused on the mining of precious metals from its two wholly-owned mining operations in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio satellite mine, and the Topia Mine in Durango.  Recently, the Company signed a two-year option agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru and, through the acquisition of Cangold Limited, now holds an option to acquire a 100% interest in the advanced stage Guadalupe de los Reyes Project in Mexico.

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