Month: January 2016

The differences between the previous 2011 publically reported tonnes and grade at Capire and those reported as the current resources here are substantial. The Base Case resources reported herein are much smaller than those previously reported, in part because the current resources were estimated with tighter constraints, both geostatistical and geological, and in part because they lie within an optimized pit shell and exclude additional mineralization lying at deeper levels. Much of this deeper mineralization was included in the 2011 estimate. That deep mineralization may be available for potential underground development but that remains to be studied and is not included in the current resource tabulation.

“The geological and structural setting at Cerro Cascaron share many characteristics with other epithermal gold-silver deposits in the area including El Sauzal, Mulatos, and Ocampo.”, Evrim VP of Exploration Mexico, Alain Charest commented, “Finding an exceptional project such as Cerro Cascaron, in an area that has seen little exploration demonstrates that there are still discoveries to be made in the Sierra Madre Occidental.”

GREAT PANTHER SILVER LIMITED announces that it is resuming full operation today at its Guanajuato Mine Complex following yesterday’s announcement of a voluntary suspension of the use of explosives. This suspension was put in place to facilitate ongoing investigations in connection with the theft of such material, and to ensure security measures.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to provide an update on implementation of the Company’s optimization plan for the Platosa Mine in Durango, Mexico. The Optimization Plan outlines a simplified dewatering solution for the Platosa Mine, as described in the technical report prepared by Roscoe Postle & Associates Inc. dated July 9, 2015, summarized in the Company’s press releases dated June 2, 2015 and November 2, 2015. The Technical Report is available at www.sedar.com and on the Company’s website at www.excellonresources.com.

The Company has voluntarily suspended the use of all explosives material at the GMC and increased measures to secure the material to facilitate the investigation process and safeguard against further attempts of theft. As such, blasting-related mining activity has been temporarily halted pending the outcome of the initial inspection by the authorities, scheduled to begin within 24 hours. The Company’s processing plant has not been impacted and continues uninterrupted at this time with the current ore stockpile of four to five days’ production.