TSX: GPR
NYSE MKT: GPL
VANCOUVER,
June 19, 2017
/PRNewswire/ - 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