Great Panther Silver Limited

Published : June 19th, 2017

Confirms Continuation of Gold-Silver Mineralization at San

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Great Panther Silver Confirms Continuation of Gold-Silver Mineralization at San Ignacio Mine



TSX: GPR
NYSE MKT: GPL

VANCOUVER, June 19, 2017 /CNW/ - GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) ("Great Panther"; the "Company") announces that surface drilling at its San Ignacio Mine, part of the Guanajuato Mine Complex (the "GMC"), has confirmed the continuation of strong gold-silver mineralization along strike of the current mine workings

The drilling, which is ongoing, initially targeted the southeasterly strike extension of the Melladito vein structures, in particular, where this vein set is intersected and cut by, the Plateros vein trend.  The result of this intersection is a thickening of the veins, highlighted by hole ESI16-174, which returned a combined estimated true width of 19.24 metres averaging 6.36g/t gold (Au) and 261g/t silver (Ag).  This comprised 4.65 metres of 4.81g/t Au and 275g/t Ag in the Melladito vein and 14.59 metres of 6.86g/t Au and 257g/t Ag in the Plateros vein.  The extent of this thicker portion of vein intersection is not yet known and additional drilling and mine development will be required to determine its size and significance.  Nonetheless, several other holes returned excellent indications of high gold and silver grades as presented in the table below.

"We are encouraged by the continuation of mineralization to the southeast of our mine workings, with the Plateros vein locally exhibiting very high grades, particularly in gold," stated Robert Archer, President & CEO.  "The results of our exploration drilling have given us sufficient confidence to commence drifting in that direction to further evaluate and delineate these zones from underground."

The surface exploration drilling program began in October 2016 and comprised 32 holes for 7,464 metres to April 24th 2107, at a horizontal and vertical spacing of approximately 50 metres.  Hole ESI16-174 was drilled approximately 400 metres grid south of the current mine workings and step out drilling continued sporadically along strike for another 900 metres.  Drilling has now changed focus to the Purisima vein, approximately 650 metres to the west of the current mine workings.

Highlights of Initial Phase of 2016-17 San Ignacio Surface Exploration Drilling

Hole


From
(m)

To
(m)

Width
(m)

True
Width
(m)

Au g/t

Ag g/t

Ag eq g/t
(70:1)

Vein

ESI16-160


51.00

51.80

0.80

0.80

2.41

34

203

Melladito I


76.20

76.70

0.50

0.47

1.86

340

470

San Pedro II











ESI16-161


66.65

70.08

3.43

0.48

1.30

130

220

Melladito

including

67.15

68.15

1.00

0.14

2.49

195

369


89.10

93.00

3.90

2.99

2.18

100

252

Melladito I

including

90.80

93.00

2.20

1.68

3.68

160

418












ESI16-162


63.70

64.70

1.00

1.00

1.08

333

409

Melladito


64.70

67.00

2.30

2.30

old stope on Melladito


67.00

68.93

1.93

1.90

0.70

180

229


193.90

194.40

0.50

0.43

0.24

260

277

San Pedro IV











ESI16-163


123.12

124.22

1.10

0.78

9.95

783

1480

Melladito


126.75

127.25

0.50

0.35

5.61

142

535

Melladito I











ESI16-164


176.20

180.40

4.20

3.68

1.51

194

300

Melladito

including

179.34

180.40

1.06

0.91

5.87

672

1083


184.59

185.65

1.06

0.92

5.50

139

524

Melladito I


189.35

190.44

1.09

0.83

8.41

127

716

San Pedro III

including

189.35

189.88

0.53

0.41

15.91

202

1316












ESI16-165


120.10

121.73

1.63

1.25

0.33

194

217

Melladito











ESI16-166


216.04

216.84

0.80

0.73

1.45

360

462

Plateros











ESI16-167


210.00

211.72

1.72

1.69

0.82

231

289

Plateros


291.60

299.72

8.12

6.65

2.54

18

196

Melladito II

including

291.60

295.14

3.54

2.90

4.04

22

305


also including

298.10

299.72

1.62

1.33

3.44

41

282












ESI16-168


221.45

223.79

2.34

2.03

10.77

278

1032

Plateros

including

221.98

223.79

1.81

1.57

13.90

356

1329











ESI16-171


189.00

190.14

1.14

0.87

1.18

800

883

Plateros











ESI16-172


132.25

132.75

0.50

0.25

2.17

140

292

Melladito


140.20

144.09

3.89

2.75

2.04

67

210

Melladito I

including

140.20

141.53

1.33

0.94

3.79

115

380


also including

143.57

144.09

0.52

0.37

5.07

188

543



156.40

156.97

0.57

0.28

3.45

16

258

San Pedro II


165.85

166.85

1.00

0.42

2.05

92

236

San Pedro III











ESI16-174


92.86

100.10

7.24

4.65

4.81

275

612

Melladito /

Melladito I

including

95.00

100.10

5.10

3.28

6.78

383

858

including

97.62

100.10

2.48

2.55

14.32

475

1477


100.10

122.80

22.70

14.59

6.86

257

737

Plateros

including

105.00

116.45

11.45

7.36

10.41

322

1051












ESI17-175


96.85

97.68

0.83

0.64

3.42

474

713

Melladito I











ESI17-176


146.10

147.40

1.30

0.75

16.34

1059

2203

Plateros











ESI17-177


147.85

154.65

6.80

3.40

1.86

206

337

Plateros

including

152.10

153.83

1.73

0.87

5.10

497

854











ESI17-179


172.66

177.10

4.44

3.85

0.84

112

171

Plateros


228.41

229.78

1.37

0.69

2.10

58

205

San Pedro II


248.77

249.48

0.71

0.36

3.14

23

243

San Pedro III











ESI17-180


202.90

206.28

3.38

2.77

0.93

81

146

Melladito I


208.15

208.65

0.50

0.45

0.32

28

50

San Pedro II


214.10

214.60

0.50

0.45

0.35

418

443

San Pedro III











ESI17-181


208.75

216.03

7.28

5.41

0.92

206

271

Melladito /

Melladito I











ESI17-182


255.95

257.11

1.16

0.86

3.79

140

405

Melladito


258.06

259.93

1.87

1.43

2.22

78

233

Melladito I











ESI17-183


254.43

257.84

3.41

2.72

2.76

47

240

Melladito /

Melladito I











ESI17-184


208.03

209.92

1.89

1.64

1.02

184

255

Melladito /

Melladito I


214.04

216.14

2.10

1.48

1.26

148

236

San Pedro III











ESI17-186


254.05

256.35

2.30

1.81

4.26

97

396

Melladito /

Melladito I


257.73

259.1

1.37

1.21

1.56

93

202

San Pedro II


259.61

260.4

0.79

0.72

1.83

153

281

San Pedro III











ESI17-187


148.60

149.33

0.73

0.56

3.18

223

446

Plateros


200.25

207.82

7.57

3.67

5.60

127

519

Melladito /

Melladito I

including

201.18

204.43

3.25

1.63

9.46

135

797


also including

204.93

205.43

0.50

0.25

9.61

330

1003












ESI17-189


215.09

219.41

4.32

1.83

11.05

160

933

Melladito /

Melladito I

 

The Company's QA/QC program includes the regular insertion of blanks, duplicates, and standards into the sample shipments; diligent monitoring of assay results; and necessary remedial actions.  Sample assaying was completed at the independent SGS-GTO lab in Guanajuato, GTO, Mexico.  Silver assaying was conducted with AAS12B technique, with over-limits (150g/t) completed by FAG323.  Gold assaying was conducted with FAA313 technique, with over-limits (10g/t) completed by FAG323.

The technical information contained in this news release has been reviewed and approved by Robert F. Brown, P. Eng., who is the Qualified Person (QP) for the GMC under the meaning of NI 43-101.  Aspects relating to mining and metallurgy are overseen by Ali Soltani, Chief Operating Officer for Great Panther.

ABOUT GREAT PANTHER

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 operating mines in Mexico: the Guanajuato Mine Complex, which includes the San Ignacio Mine; and the Topia Mine in Durango.  In addition, the Company has signed an agreement to acquire a 100% interest in the Coricancha Mine Complex in the central Andes of Peru and is pursuing additional mining opportunities in the Americas.

Robert Archer
President & CEO

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, "forward-looking statements").  Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different.  Such forward-looking statements include, but are not limited to, the Company's plans for production at its Guanajuato and Topia Mine in Mexico, including plans for drilling and resource delineation and the overall economic potential of its properties.  These involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different.  These include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production cost estimates and the potential for unexpected costs and expenses, operating or technical difficulties in mineral exploration, development and mining activities, physical risks and hazards inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, exploration results being indicative of future production of its properties, changes in project parameters as plans continue to be refined, the speculative nature of mineral exploration and development, permitting risks, and other risks and uncertainties, including those described in the Company's most recently filed Annual Information Form and Material Change Reports filed with the Canadian Securities Administrators available at www.sedar.com and reports on Form 40-F and Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov.

 

SOURCE Great Panther Silver Limited

For further information:

Spiros Cacos, Director Investor Relations, Toll free: 1 888 355 1766, Tel: +1 604 638 8955, scacos@greatpanther.com, www.greatpanther.com

This information is being distributed to you by: Great Panther Silver Limited
1330 - 200 Granville Street, Vancouver, BC, V6C1S4, Canada
http://www.greatpanther.com

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CODE : GPR.TO
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Great Panther Silver is a producing silver company based in Canada.

Great Panther Silver produces silver, gold, lead and zinc in Mexico, and holds various exploration projects in Mexico.

Its main assets in production are TOPIA MINE and GUANAJUATO MINES in Mexico and its main exploration properties are MAPIMI (KM 66), SAN ANTONIO (CHIHUAHUA), SAN IGNIACIO and LA SIERRA in Mexico.

Great Panther Silver is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 256.2 millions as of today (US$ 198.7 millions, € 170.5 millions).

Its stock quote reached its highest recent level on August 29, 1997 at CA$ 9.00, and its lowest recent point on September 05, 2003 at CA$ 0.10.

Great Panther Silver has 166 370 000 shares outstanding.

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10/1/2014Great Panther Clarifies Annual MD&A Disclosure
8/18/2014Great Panther Silver Appoints New COO
12/18/2013Season's Greetings from Great Panther Silver
10/10/2013Achieves Several Production Records in Third Quarter 2013
7/25/2013Announces 2013 Second Quarter Financial Results Release Date...
7/11/2013Reports Second Quarter 2013 Production
6/28/2013Reports Annual and Special Meeting Results
5/24/2013Adopts Advance Notice Policy
4/15/2013Reports First Quarter 2013 Production
3/14/2013Video Library Updates
2/26/2013Announces 2012 Fourth Quarter and Year-End Financial ...
2/5/2013Intersects High Grade Silver-Gold Mineralization and Discove...
1/16/2013Reports Improved Fourth Quarter and Fiscal 2012 Production R...
11/5/2012Announces 2012 Third Quarter Financial Results Release Date ...
10/10/2012Reports Third Quarter 2012 Production Results
9/18/2012Google Earth Virtual Tour
9/5/2012Purchases El Horcon Silver-Gold Project
8/21/2012Purchases Surface Rights for San Ignacio Project
8/2/2012Announces 2012 Second Quarter Financial Results Release Date...
7/12/2012Reports Second Quarter 2012 Production Results
6/28/2012Reports Annual and Special Meeting Results
5/8/2012Announces 2012 First Quarter Financial Results Release Date ...
4/16/2012Reports First Quarter 2012 Production
3/5/2012Announces 2011 Fourth Quarter And Year-End Financial Results...
1/17/2012Reports Improved Fourth Quarter Production
11/7/2011Announces Third Quarter 2011 Financial Results Release Date ...
8/4/2011Announces Second Quarter 2011 Financial Results Release Date...
7/12/2011Reports Second Quarter Production
6/23/2011Set to Join the Russell Global Index
4/12/2011Closes $24 Million Bought Deal Financing
4/5/2011Receives Recognition for Corporate Social Responsibility
2/7/2011Secures US Listing on NYSE Amex
11/11/2010 GREAT PANTHER SILVER REPORTS RECORD REVENUE AND EARNINGS FR...
10/18/2010GPR - GREAT PANTHER HIRES NEW VICE-PRESIDENT CORPORATE DEVEL...
9/7/2010GPR - Great Panther Discovers New Zone at 600m Depth at Guan...
8/17/2010GPR - GREAT PANTHER SILVER REPORTS INCREASED REVENUE, EARNIN...
10/1/2009GPR - GREAT PANTHER DISCOVERS AND DEVELOPS 3 NEW ZONES AT GU...
8/14/2009Continues Production And Earnings Growth, Reduces Operating ...
7/7/2009continues record-setting growth with Q2 production
6/19/2009Signs New Sales Contracts For Topia Concentrates
5/12/2009Achieves Positive Corporate Cash Flow
5/1/2009Supports Mexican Government Directive
3/23/2009Silver Poised to Outperform Gold
2/18/2009Anticipates 20% Increase In Silver Production In 2009
12/10/2008 ANNOUNCES $2,700,000 FINANCING
11/15/2008LOWERS OPERATING COSTS TO KEEP MINES PROFITABLE
10/8/2008CONTINUES RECORD-SETTING TREND WITH Q3 PRODUCTION
8/13/2008GPR - GREAT PANTHER ACHIEVES 488% INCREASE IN EARNING...
8/11/2008 INCREASES RESOURCES AT THE TOPIA MINE
6/23/2008Exposes Excellent Grades At Topia Ag-Pb-Zn Mine
6/3/2008Celebrates Renaissance Of 400+Year-Old Silver Mine
5/17/2008GRANTS STOCK OPTIONS
5/12/2008ANNOUNCES Q1 2008 RESULTS, ACHIEVES 55% INCREASE IN REVEN...
5/6/2008Drills 15.94 Metres @ 1,305G/T Silver And 4.60G/T Gold And D...
4/8/2008's Record Output Continues With 431,639 Ag Eq Oz In...
4/1/2008Announces Fy2007 Results, Achieves First Mining Profit...
3/19/2008Receives Upgraded Mineral Resource Estimate for La Gloria Zo...
3/8/2008ADOPTS SHAREHOLDER RIGHTS PLAN
1/28/2008SETS NEW PRODUCTION RECORDS TO END 2007
1/15/2008Provides Update On Resource Estimates
11/1/2007 COMMENCES PHASE II DRILLING PROGRAM ON MAPIMI SILVER-LEAD-Z...
9/19/2007Commences Deep Drilling Program at Guanajuato; Provides Prod...
9/14/2007OUTLINES EXPANSIVE GEOPHYSICAL ANOMALIES AND UPDATES PHASE 1...
9/12/2007Adds New COO To Management Team
8/28/2007'S FUNDS ARE SAFE
8/15/2007RELEASES Q2 RESULTS, REPORTS RECORD SALES MARGIN FROM MINING...
7/13/2007Closes $4.05 Million Convertible Loan Notes Placement
7/9/2007Discovers New Silver-Gold Zones At Guanajuato
7/4/2007To Raise $4.05 Million Through Convertible Loan Notes With T...
6/16/2007Dissident Members Abandon Lawsuit Against Cooperativa
5/28/2007Adds New Cfo To Management Team
4/30/2007Releases Results From First Year as Silver Producer
4/17/2007Confirms Grades, Completes Airborne Geophysical Survey On Ma...
4/4/2007Announces Delay in Filing Annual Financial Statements
3/1/2007UNDERGROUND DRILLING EXTENDS HIGH GRADE SILVER-GOLD-LEA...
4/4/2006Re-discovers spanish riches at Guanajuato
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TORONTO (GPR.TO)FRANKFURT (G3U.F)
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TORONTO
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