MEXICO – The KM 66 project of Vancouver’s GREAT PANTHER RESOURCES hosts the equivalent of 22.3 million oz of silver, says the company as it filed its NI 43-101 report. The deposit, which lies in northeastern Durango state, was studied by WARDROP ENGINEERING. Using a 50-g/t AgEq cutoff grade, the engineering firm estimated that the Palmitas and Gloria zones together contain 4.97 million tonnes at 59.22 g/t Ag, 0.13 g/t Au, 0.81% Pb and 1.31% Zn in the inferred category. That works out to 139.0 g/t AgEq.
Great Panther views KM 66 as having open pit potential. Learn more at www.GreatPanther.com.
The company is earning a 100% interest in KM 66 from COEUR D’ALENE MINES by making staged cash payments and share issuances over a period of four years. Coeur will retain a 3% NSR. Great Panther owns the Topia and Guanajuato silver mines and the San Antonio gold-copper project, also in Mexico.