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Thursday, December 17, 2020 2:55:40 PM
TSX: GPR | NYSE American: GPL
VANCOUVER, BC , Dec. 17, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great
Panther" or the "Company") has re-started operations at Topia
following a voluntary suspension last month to prioritize the health of
its workforce and local community and limit the spread of COVID-19.
https://www.greatpanther.com/news-media/news/great-panther-restarts-operations-at-topia
All employees and contractors have attended safety induction and enhanced COVID-19 protocol training. Mining resumed on December 17 and the plant is expected to begin processing ore on December 21 .
Testing and tracing of COVID-19 are part of the comprehensive protocols Great Panther has implemented across all of its operations in response to the pandemic. The Company will continue working closely with local government and regional health authorities to ensure continued safe operations.
The suspension of operations lasted approximately 30 days and is not expected to impact Great Panther's ability to achieve consolidated 2020 production guidance. For the three months ended September 30, 2020 , Topia produced an average of approximately 1,400 gold equivalent ounces per month and accounted for approximately 9% of the Company's revenues.
Great Panther reaffirms its commitment to the safety of its people and the communities in which it operates.
ABOUT GREAT PANTHER
Great Panther is a growing gold and silver producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil , Mexico and Peru that includes three operating gold and silver mines, four exploration projects, and an advanced development project. Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements ---The foregoing list of assumptions is not exhaustive.
These forward-looking statements involve known and unknown risks, uncertainties and other factors ----
Great Panther Announces Updated Mineral Reserve and Mineral Resource
Estimates and Provides Exploration Update at Tucano
Tue., December 15, 2020, 4:30 a.m. PST
(All dollar amounts expressed in US dollars unless otherwise noted)
TSX: GPR | NYSE American: GPL
VANCOUVER, Dec. 15, 2020 /CNW/ -
Great Panther Mining Limited (TSX: GPR; NYSE-A: GPL) ("Great Panther" or
the "Company") has completed updated Mineral Reserve and Mineral
Resource (MRMR) estimates for its 100% owned Tucano mine in Brazil.
This updated MRMR has an effective date of September 30, 2020.
Highlights
Proven and Probable (P&P) Mineral Reserves are now estimated to be
629K gold ounces, of which 299K ounces are open pit reserves.
This represents a replacement of depleted reserves since the previous
MRMR estimate.
Measured and Indicated (M&I) Mineral Resources, which are inclusive of
Reserves, now total 953K gold ounces.
In the Tucano open pit, M&I Resources are 561K gold ounces, an
increase of 28% since September 2019.
Inferred Resources now total 534K gold ounces.
This MRMR reflects results of near-mine drilling up to the end of July
2020 focused on the TAP AB pits which represents approximately two
kilometres of the seven-kilometre mining trend.
Drilling of near-mine targets continued at TAP AB and Urucum in the
second half of the year.
Exploration drilling will continue on these targets and the area
between TAP AB and Urucum in 2021.
Three diamond drills and a one reverse circulation (RC) rig are working
on near-mine resource definition/conversion.
Ongoing rotary air blast (RAB) drilling is also targeting regional
potential with the current focus being Mutum and Saraminda, two of
seven regional priority targets.
Great Panther President and CEO Rob Henderson commented:
"We have successfully replaced 2020 mining depletion and
added another year to the mine life at Tucano.
The updated MRMR estimate provides us with a higher level of
confidence for future mine and operational planning and we are
confident that, in parallel, we can unlock
the larger potential of the region.
"Going forward we will be aggressively advancing opportunities for
resource growth and mine life extension on multiple fronts,"
added Mr. Henderson.
"We are actively drilling, both near the mine and in the extensive
and largely under-explored regional land package."
This MRMR update uses the same rigorous approach to Mineral Resource
and Mineral Reserve estimation adopted in 2019
(refer to the NI 43-101 Technical Report on
the Tucano Gold Mine completed by Roscoe Postle Associates Inc.
(RPA) dated March 25, 2020).
The key difference between the 2019 and this 2020 MRMR is that the
Mineral Resource models for the Urucum and TAP AB deposits, which
are the focus of production in 2021, were estimated using
wireframes constructed using 0.3 grams per tonne (g/t) gold cut-off
for the oxide zone and 0.4 g/t gold cut-off for the sulphide zone,
compared to a single cut-off of 0.5 g/t gold used in 2019.
The new wireframes were produced to improve the understanding of
the geologic model and provide a more accurate picture of resource
continuity for block modelling.
Table 1 – Tucano Mineral Reserve Estimates as of September 30, 2020
https://ca.finance.yahoo.com/news/great-panther-announces-updated-mineral-123000209.html
https://www.greatpanther.com/news-media/news/great-panther-announces-updated-mineral-reserve-and-mineral-resource-estimates-and-provides-exploration-update-at-tucano
https://www.greatpanther.com/news-media/news/great-panther-announces-updated-mineral-resource-estimates-at-gmc-measured-and-indicated-resources-increase-by-17-and-inferred-resources-more-than-double
https://mx.linkedin.com/company/great-panther-silver-limited
TSX GPR | NYSE American GPL
https://www.greatpanther.com/_resources/presentations/corporate-presentation.pdf?v=0.140
https://www.greatpanther.com/news-media/news/great-panther-reports-third-quarter-2020-financial-results-including-record-net-income-of-19-million-and-closing-cash-of-67-million
https://www.greatpanther.com
Gold & Silver bulls starting to break out > ^ > ^ > ^
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Ps.
opinion appreciated
TIA
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