Drill Program Commences At Topia Mine

 

VANCOUVER, BC - Great Panther Silver reported that a 6,000 metre surface drill program has begun at the Topia Mine in Durango, Mexico. The program is part of the 65,000 metre drilling campaign that aims to build Great Panther's resource base to approximately 40 million silver equivalent ounces by 2012.

A priority for the drilling will be to provide for additional mineral resources to direct mine development and expansion decisions over the next several years. As such, 65% of the drilling will focus on strike and depth extensions of veins with high silver grades. There are also numerous segments of known veins on the Topia Mine property that are under-explored, and with minimal drilling may be upgraded to viable exploitation targets. The 6,000 metre core drilling program is expected to take approximately four months to complete. A new mineral resource update is scheduled for completion by September 2010 and is expected to include estimates for 4 to 5 new vein segments, to complement the mineral resource on the Argentina vein.

The priority targets to guide development over the next several years will be the Recompensa vein (Recompensa Mine), Cantarranas vein (Hormiguera and Descubridora Mines), La Prieta vein (La Prieta Mine), Madre Alto veins (El Ochenta Mine), San Gregorio vein (San Gregorio Mine), and the El Rosario vein (El Rosario Mine). Many of the drill holes targeted at the above mines will be within 50 metres below and 100 metres along strike of present development. In all, approximately 55 core holes will be completed in the drill campaign.

Mineral resource estimations will commence on all viable areas upon the completion of drilling. Added mineral resources will play an important role in the Company's plans to increase production by 20% per year from 2010 to 2012. Dependent upon drill results, the Company foresees mineral resource estimations for another four to five Topia area mines by September 2010.

The company’s address is Suite 2100, 1177 W. Hastings St., Vancouver, BC V6E 2K3, 604-608-1766, fax: 604-608-1744, email: [email protected].