Great Panther Mining Ltd GPLDF

Metals & Mining Gold

Great Panther Mining Limited is a Canada-based precious metals producer focused on the operation of the Tucano Gold Mine in Brazil. The Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt. The Company has three wholly owned mining operations including the Tucano gold mine, which produces gold dore and is located in Amapa State in northern Brazil. In Mexico, Great Panther operates the Topia mine in the state of Durango, which produces concentrates containing silver, gold, lead and zinc, and the Guanajuato Mine Complex (the GMC) in the state of Guanajuato. The GMC comprises the Guanajuato mine, the San Ignacio mine, and the Cata processing plant, which produces silver and gold concentrates. The Company also wholly owns the Coricancha Mine Complex, a gold-silver-copper-lead-zinc mine and processing facility in the central Andes of Peru. It has a portfolio of exploration projects: El Horcon property, Santa Rosa, and Plomo property.

GREY:GPLDF - Post by User

Great Panther Mining Ltd

Bullboard Posts

Comment by greener12345on Mar 14, 2011 9:36am

581 Views

Post# 18280130

RE: RE: RE: the panther

Great Panther Silver* (GPR : TSX : $4.30), Net Change: 0.27, % Change: 6.70%, Volume: 3,195,741
It's the Great Panther, Charlie Brown. After slipping on Thursday amid overall market weakness, Great Panther Resources
bared its claws, leaping up on a strong silver price and drilling results from its San Ignacio Mine property, Guanajuato. Late
Thursday, the company announced the initial 2011 diamond drilling intersected numerous zones of Ag-Au mineralization
including the Melladito and Nombre de Dios zones. Highlights include: 1) Hole ESI11-005 intersected five Ag-Au mineralized
zones, including the Melladito and Nombre de Dios zones, a new Melladito hanging wall zone that assayed 1,404 g/t Ag and
5.04 g/t Au over 0.90 m and a zone between the two principal structures that returned 356 g/t Ag and 3.77 g/t Au over 1.75 m;
2) Hole ESI11-006, the most westerly vein intercept, which was not interpreted to be the Plateros vein, but possibly a new zone,
returned 175 g/t Ag and 1.67 g/t Au over 1.35 m, while three deeper zones of Ag-Au mineralization appear to correlate with the
Melladito vein; 3) Hole ESI11-007 intersected ten mineralized zones including the Melladito zone that returned 421 g/t Ag and
3.08 g/t Au over 3.80 m, the Nombre de Dios zone that assayed 854 g/t Ag and 4.20 g/t Au over 1.45 m, and a footwall
stockwork zone with 824 g/t Ag and 2.10 g/t Au over 0.75 m; and 4) Hole ESI11-008, drilled under ESI11-007 returned 662 g/t
Ag and 1.75 g/t Au over 0.50 m. Based on these results, Great Panther is moving forward with a Phase II drilling program
which consist of approximately 6,700 m in 18 holes and will continue to test the strike and depth continuity of the
mineralization. At least one Bay Street analyst boosted his target on the drilling results. However, a separate analyst notes that
the Panther is trading at an adjusted market cap (AMC) of $29.19 per ounce of recoverable silver resource (assuming 100% of
M&I and inferred resources are converted to reserves). Meanwhile, Silver Wheaton (SLW), the silver equity with one of the
highest valuations in his coverage universe, is trading at an AMC of $21.39/oz of LOM recoverable silver.