Great Panther Returns Yet More Bonanza Silver Grades
I have completely lost count of the number of drill holes this active silver producer has returned with silver grades above 1,000 grams per ton. Anyone who keeps close watch of mining stocks will know just how rich an ore body that indicates. The company will soon change its name to Great Panther Silver, because silver is something they seem to have no trouble finding.
See more discussion of the company and some links to my earlier posts on it here. I'll save you the trip, and just repost:
Shhhh ... that one's my secret. OK, well... not really:
Great Panther Moves to Positive Cash Flow
Don't Forget About the Junior Silver Miners
A Painful Blip on the Screen for us Commodity Longs ... An Incredible Opportunity for Fools Sitting on Cash July 2008
FWIW, it's my 4th largest equity holding by % allocation ... more if based on my cost basis (I am deep underwater on it).
And here's the latest press release with drill results from the Topia Mine
Great Panther Drills 1,051g/t Silver Over 2.7 Metres And 20.9g/t Gold Over 0.35 Metres At Topia Mine
"The first-ever drilling at the gold-rich Recompensa vein has demonstrated excellent continuity of the mineralization both along strike and to depth, while drilling on the silver-rich, San Gregorio and El Rosario veins intersected exceptional silver values between 30 and 50 meters below current mining levels."
"At the San Gregorio vein, drilling was focused 30 to 50 metres below the present development along approximately 250 metres of strike length. Of the four holes drilled here, all intersected the vein, with two having exceptional results. ST09-088 intersected 0.52 metres (0.30 metres TW) @ 1,503g/t silver, 0.2g/t gold, 4.5% lead, and 6.26% zinc, including 0.32 metres (0.18 metres TW) @ 4,340g/t silver, 0.46g/t gold, 7.0% lead, and 9.6% zinc. ST09-089 intersected 1.05 metres (0.52 metres TW) @ 498g/t silver, 0.37g/t gold, 0.41% lead, and 11.64% zinc."
Beneath a buck, this producer is practically free.
Like all junior miners, it carries risk, but at these prices, a small bet could go a long way. Just food for thought.
DYODD ... it's actualy a lot of fun in this case. :)