$Great Panther Files NI 43-101 Technical Report for the Topia Mine VANCOUVER, BC, Feb. 11, 2022 /CNW/ -
Great Panther Mining Limited (TSX: GPR) (NYSE: GPL) ("Great Panther" or the "Company"), a growth-oriented precious metals producer focused on the Americas, reports the filing of the "NI 43-101 Technical Report on the Topia Mine Mineral Resource Estimates as of March 31, 2021" (the "Technical Report"). The Technical Report has an effective date of March 31, 2021.
The Technical Report has been filed on SEDAR at www.sedar.com and on the Company's website at www.greatpanther.com , and will be filed on EDGAR as soon as practicable at www.sec.gov. The Technical Report supports the information regarding mineral resource estimates at the Topia Mine presented in a news release dated February 11, 2022, which is also available on SEDAR, EDGAR and the Company's website.
ABOUT GREAT PANTHER
Great Panther is a growth-oriented precious metals producer focused on the Americas. The Company owns a diversified portfolio of assets in Brazil, Mexico and Peru that includes three gold and silver mines, an advanced development project, and a large land package with district-scale potential. Great Panther is focused on creating long-term stakeholder value through safe and sustainable production, reinvesting into exploration and 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.
SOURCE Great Panther Mining Limited
For further information: Fiona Grant Leydier, Vice President, Investor Relations, T : +1 604 638 8956, TF : 1 888 355 1766, E : fgrant@greatpanther.com, W :
$TM Great Panther Announces Mineral Resource Estimates for the Topia Mine and Guanajuato Mine Complex in Mexico This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 15, 2021 , to its short form base shelf prospectus dated September 10, 2021 .
Great Panther Mining Limited (TSX: GPR) (NYSE-A: GPL) ("Great Panther" or the "Company"), a growth-oriented precious metals producer focused on the Americas, reports Mineral Resource Estimates ("MRE") for the Company's 100%-owned Topia Mine ("Topia") and Guanajuato Mine Complex ("GMC") in Mexico . The estimates were prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
The Company will file a technical report in respect of each of Topia and GMC, prepared in each case in accordance with NI 43-101, on SEDAR and EDGAR within 45 days of this news release.
Topia Highlights
Measured and Indicated ("M&I") Mineral Resource grade increased 8% to 1,041 silver equivalent grams per ton ("Ag eq g/t"), when compared with the 2018 MRE for Topia . M&I Mineral Resources decreased 25% to 11.1 million silver equivalent ounces ("Ag eq oz"), when compared with the 2018 MRE. GMC Highlights
M&I Mineral Resource grade increased 2% to 391 grams Ag eq g/t when compared with the 2020 MRE for GMC. M&I Mineral Resources decreased 36% to 7.7 million Ag eq oz when compared with the 2020 MRE. Topia Mineral Resource Estimate Update
Topia lies northwest of Durango and is a silver ("Ag"), gold ("Au"), lead ("Pb"), zinc ("Zn") district with a central concentrator plant capable of processing 260 tonnes per day ("tpd"), supporting multiple mine headings on precious and base metal veins. Topia has been in the Great Panther portfolio since 2005 and has cumulatively produced 9.5 million silver equivalent ounces (comprised of silver and gold) plus 17,574 tonnes of lead and 23,592 tonnes of zinc.
The MRE for Topia has an effective date of March 31, 2021 . Compared to the previous MRE with an effective date of July 31, 2018 , grades have significantly increased with M&I grades increasing 32% for silver, 37% for gold, 14% for lead and 11% for zinc. The higher-grade ore, however, is associated with an overall decrease of 30% in tonnes and 25% in silver equivalent ounces. Key factors that varied during the three-year period since the last MRE were the increase in mining costs, metal price variations and mine depletion, which totalled 3.7 million Ag eq oz.
Measured and Indicated Mineral Resources are estimated to contain 331,800 tonnes at 609 g/t Ag, 1.84 g/t Au, 4.40% Pb, and 4.50% Zn and Inferred Mineral Resources are estimated to contain 274,600 tonnes at 592 g/t Ag, 1.44 g/t Au, 3.35% Pb, and 3.63% Zn. The MRE for Topia is summarized below in Table 1.
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