TORONTO (miningweekly.com) – Primary silver producer Great Panther Silver has updated the mineral resource estimate for its Guanajuato Mine Complex (GMC), in Mexico, more than replacing mined ore with new compliant mineralised resources.
The Vancouver-based miner reported that the GMC was now estimated to host some 6.1-million silver-equivalent ounces in the measured and indicated resource categories, comprising 510 068 t at an average grade of 181 g/t silver and 2.7 g/t gold.
The TSX- and NYSE MKT-listed miner also reported a maiden measured resource estimate for its San Ignacio mine, which forms part of the GMC, lifting the measured resource some 36% over the previous resource calculation to 169 894 t grading 172 g/t silver and 2.18 g/t gold, for 4.3-million silver-equivalent ounces.
"In 2015, we successfully replaced what we mined at the GMC and upgraded much of the San Ignacio resource to higher categories. Going forward, we will continue our efforts to expand and further define the resource at the San Ignacio mine, while conducting more definition and exploratory drilling within the main Guanajuato mine itself,” stated president and CEO Robert Archer.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
EMAIL THIS ARTICLE SAVE THIS ARTICLE
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
