Great Panther updated mineral resource estimates of the Guanajuato Mine Complex and the San Ignacio project; extended mineralization at San Ignacio

Great Panther updated mineral resource estimates of the Guanajuato Mine Complex and the San Ignacio project; extended
Mineralization at San Ignacio

Vancouver, British Columbia, 09. More 2012. Great Panther Silver Limited (TSX: GPR; AMEX: GPL; WKN: A0Y H8Q) (the “Business”) announces the completion of the updated mineral resource estimates for the to 100% own Guanajuato- Mine Complex (“-Guanajuato Mine”) and to 100% San Ignacio own project (“San Ignacio”) in Guanajuato, Mexico, known. Since the San Ignacio project is a satellite of the Guanajuato Mine Complex (20 Kilometers of road) and is there any subsidized mineralization processes in the Cata-conditioning is, This resource is now considered part of the total mineral resources of the Guanajuato Mine.

  • The updated measured and indicated mineral resource of the Guanajuato Mine Complex amounted to 5.649.000 Ounces of silver equivalent (“oz Ag-AQ”), the production of the Guanajuato Mines in recent 18 Months was therefore replaced.
  • The inferred mineral resources of the Guanajuato Mine are on 2.503.000 oz Ag-AQ (1) valued.
  • The inferred mineral resources of San Ignacio to be 6.894.000 oz Ag-AQ (1), (2) valued.
  • This estimate for San Ignacio is increased compared with the previous estimate (2) um die tonnage 35%, the silver content to 29%, the gold content in order 51% and the number of oz Ag-Eq to 53%.

(1) The inferred resource of Guanajuato and San Ignacio are not reported separately, were used because of their different parameter estimation.

(2) In contrast to the previous resource estimate for San Ignacio, three core areas no longer included due to lack of continuity of the contents in the current resource. After further drilling could this possibly be resumed with.

Be performed at San Ignacio with two more rigs drilling surface. These holes extend beyond the boundaries of the known mineralized zones on the resource model. Among the best known results in the zones 2,65 Meters with 533 g / t silver and 7,59 g / t gold and 1,15 Meters with 249 g / t silver and 2,99 g/t Gold.

In addition, new in San Ignacio, so far but still irregular, high-grade silver-gold veins discovered. These zones provided by sections 794 g / t silver and 3.70 g / t gold over 2,22 Meter, of 422 g / t silver and 10,50 g / t gold over 0,60 Meters as well as 131 g / t silver and 19,20 g / t gold over 0,50 Meter. None of these sections is included in the above resource for San Ignacio.


The mineral resource estimate 2012 for the Guanajuato Mine is measured and indicated mineral resources of 5.649.000 oz Ag-AQ, consisting of 3.530.000 oz Ag-Eq in the category of resources and measured 2.119.000 Ag-Eq oz in the indicated category (See tables below). The inferred mineral resources to be 2.503.000 oz Ag-Eq estimated. These resources are located in the Cata Clavo zones, Wells, Santa Margarita und Guanajuatito. The Guanajuatito zone was its first resource estimate of the current mining area on the plains 120 and 160 down to the level 390 expanded considerably and it is at depth and along strike open. This shows, likely that additional mineralization is found and the resources of systematic and targeted drilling can be extended.

The reduction in the four zones of cata, Wells, Santa Margarita and Guanajuatito is currently supplying the bulk of the metal production at Guanajuato. Underground drilling continues with five rigs, into the upper and depth extensions of Los Pozos, in the Southeast during extension of Santa Margarita and in the transverse- and depth extensions at Guanajuatito delineate new resources. Addition takes place at Valencia (Mother Lode) und Rayas (Mother Lode) Tiefenexploration statt.

The record date for the updated resource estimate for the Guanajuato Mine is the 31. January 2012. Block model graphics, Tickets, Sections and previous press releases can be found on the web site at The estimates were classified according to CIM Definition Standards on Mineral Resources and Mineral Reserves, and therefore comply with the requirements of NI 43-101.

Guanajuato-Minenkomplex: Mineral resource estimates and contained silver equivalent, Gold and Silver


1. The measured and indicated mineral resources were calculated by using a cut-off levels 50 g / t Ag eq estimated.

2. The cut-off levels for the resource are derived for Cata, Wells, SM and at GTTO 145, 115, 150 and 180 g/t Ag-Äq.

3. The gold-silver ratio has been on the block models 60,8:1 set.

4. The calculations were prices of 1.150 USD per ounce of gold and 17,67 USD per ounce of silver taken.

5. The estimates were a true width of at least 1,5 m used.

6. The dry density is 2,65 t/m3.

7. The total may differ due to rounding.

8. The measured and indicated mineral resources include mineral reserves.


This updated (Version 2) Mineral Resource Estimate for San Ignacio replaces the initial estimate (see press release the company from 11. October 2011). The new inferred mineral resource estimated to have amounted to 6.894.000 oz Ag-QA 826.000 Tons with an average of 121 g / t silver and 2,28 g/t Gold (using a cut-off- Content of 125g / t Ag eq). The version of 2 is the filling and extends the strike length of the mineralized zones 650 Meter. This estimate increases in tonnage compared to the previous estimate by 35% and the number of ounces Ag-Eq to 53%.

The date of the mineral resource estimate is the 31. March 2012, took account of the data up to the hole ESI12 -073. The estimate was prepared in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves as an inferred resource
and meets the requirements of NI43-101. The mineral resource estimate was prepared on behalf of the company by Michael Waldegger, P. Geo., Senior Resource Geologist bei MFW Geoscience Inc., a standing contract, independent company, made.

Block model graphics, Tickets, Sections and previous press releases can be found on the web site at

San-Ignacio-Design: Mineral resource estimates and contained silver equivalent, Gold and Silver


1. The company delivered wire-frame models with a horizontal width of at least 1,0 Meter.

2. The cut-off grade for the inferred resource is 125 g/t Ag-Äq.

3. Specific gravity of 2,63, based on the 250 Drill core samples, have been made to screen frame.

4. The total may differ due to rounding.

5. Tonnages and grades are given in metric units.

6. Contained silver and gold is expressed in troy ounces.

7. Silver equivalent is based on a gold-silver ratio of 60,8:1.

Drilling at the San Ignacio project:

The surface drilling continues with two rigs: one is to run along the main structures in use and extends the explored area 600 Meters south of the mineral resource area and a second expanded the area around 600 Meters north of the old structures along the bay of San Jose de Garcia on the southern edge of San Ignacio project. The holes ESI12-075 to 082 were between 50 and 150 Meters south of the above made mineral resource and are listed below. This is an area, in which the 19. Century was in a flat area along the degradation intermediates-operated artery. The drilling of the company, however, point to a continuity of the vein down dip.

There were wires Melladito, Intermediate, Name of God und Name of God 2 cut and between the core and intermediate structures Nombre de Dios irregular high-grade silver-gold veins, The current cause of “undefined” apply to. These undefined areas provided as sections 794 g / t silver and 3,70 g / t gold over 2,22 Meters in the hole ESI12-079, 422 g / t silver and 10,50 g / t gold over 0,60 Meters in drill hole ESI12-075 and 131 g / t silver and 19,20 g / t gold over 0,50 Meters in drill hole ESI12-078.

One of the best sections of the intermediate wire supplied ESI12-079, the 2,65 Meters with 533 g / t silver and 7,59 g / t gold cut. ESI12-080 cut in the Nombre de Dios Vein 1,15 Meters with 249 g / t silver and 2,99 g/t Gold.

San-Ignacio-Design: Results of surface drilling

Both the core samples as well as the underground chip samples were independently analyzed by SGS laboratory in the Guanajuato Mine site. Concerning the mining and metallurgy concerns are by Charles Brown, Chief Operating Officer of Great Panther and its Mexican subsidiary Minera Mexicana El Rosario, S.A. of ECV, monitored. Robert F. Brown, P. Closely. and Vice President for Exploration of the Company is the Qualified Person under NI 43-101 for the Guanajuato Mine and the San Ignacio project and has reviewed the results. Into the program for quality assurance and quality control of the company's regular establishment of blanks is, Duplicate samples and standards in the delivery.

Über Great Panther

Great Panther Silver Limited ist ein profitables, primary silver production- and exploration companies, which is listed on the Toronto Stock Exchange under the symbol GPR and on the NYSE Amex under the symbol GPL. The company focuses
its current activities on the mining of precious metals in the two to 100% own mines in Mexico.

The company is also a development project – San Ignacio – give ca. 20 Kilometers by road from the Guanajuato- Processing plant is located, and an exploration project – Santa Rosa – give ca. 15 kilometers northeast of Guanajuato. In addition, the company is pursuing acquisition opportunities in Latin America, add to the project portfolio more mines. The goal of Great Panther is, through acquisitions, Development and profitable mining of precious metals as a leading primary silver producers to be.

For more information, please visit the website at or mail to

This release contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together “forward-looking statements”). Able to such forward-looking statements include the production plans for the Guanajuato and Topia Mines in Mexico, the plans for the exploration of other properties in Mexico, the full economic potential of the property and access to adequate financing include. It also may involve known and unknown risks, Uncertainties and other factors, which may cause, the actual results, Performance and achievements of those in such forward-looking statements expressed or implied to differ significantly. Such factors include, among others, risks and uncertainties relating to potential political risks involving the company's operations in foreign jurisdictions, Uncertainties in the estimates of production costs and the potential for unexpected costs and expenses, physical risks inherent in mining, Currency fluctuations, Fluctuations in the price of silver, Gold and base metals,
the completion of economic evaluations, Changes in project parameters for the optimization of the plans, the inability or failure to obtain adequate financing on a timely completion and other risks and uncertainties, including the annual report (Form 20-F) the Company for the year ended 31. December 2011 and in the year ended with the Securities and Exchange Commission at and comprehensible reports (Form 6-K) and the Canadian Securities Administrators at and available reports submitted substantial

For the contents of the press release alone, the company is responsible. It was neither of the TSX Venture Exchange, under consideration by a third party. The German version can be shortened or summarized. There is no responsibility or liability: for the content, for the accuracy, the adequacy or accuracy of this translation over. From the perspective of the translator, the message does not buy- or sell recommendation is! Please note which filings at or. or on the company website!

For more information, contact:

Great Panther Silver Limited
Robert Archer
President & CEO
Tel.: (604) 608 1766

Great Panther Silver Limited
Rhonda Bennetto
Vice President for Corporate Communications
Tel.: (604) 608 1766

German investors:
Metals & Mining Consult Ltd.
Tel.: 03641 / 597471

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:

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