Intersects New High-Grade Mineralisation At Tucano
Great Panther Mining Limited (TSX: GPR) has reported positive initial results from its 2020 drill programme at its wholly owned Tucano gold mine in Brazil.
The results are part of an ongoing 55,000 metre, C$6.6 million resource definition drill programme focused on both near-mine and regional targets.
To date, 12,000 metres of drilling have been completed, including 6,000 metres of near-mine diamond and reverse circulation drilling at the Tapereba (TAP) AB1 and AB3 open pits.
The ongoing drilling is being conducted with three rigs and results will be incorporated into an updated Resource and Reserve statement due for release in fourth quarter of 2020. Drilling rates are expected to advance as Tucano enters the dry season in July.
President and CEO Rob Henderson said highlights of the near-mine drill programme include intervals of 29.4 metres grading 15.99 grams per tonne gold (g/t Au) and 16.7 metres grading 10.96 g/t Au.
“The 2020 exploration program at Tucano is a top priority,” Mr Henderson said.
“The focus to date has been on converting inferred resources to measured and indicated and we are encouraged by the number of significant zones that have exceeded expectations either in grade, width, or both. We are working to capitalise on Tucano’s significant exploration potential, both in the existing pits and on regional targets in this largely unexplored area.”
Tapereba represents two-thirds of the seven-kilometre Tucano mine trend, with TAP AB1 and AB3 located toward the southern end. They are the largest and deepest pits on the trend, containing an average resource grade of 2.33 g/t Au.