Great Panther Silver (NYSE-Amex: GPL; TSX: GPR), as a result of recently completed drilling programs, has confirmed continuity of the Santa Margarita gold-silver vein plus two footwall veins between the 435 and 500 metre levels and has extended the Guanajuatito silver-gold mineralization below the 100 metre level, down to the 390 metre level.
At Santa Margarita, initial results have confirmed the high grade gold values typical of the SM structure (mostly electrum, a naturally-occurring gold-silver alloy) and drilling has regularly encountered two stockwork dominant footwall zones that are persistent between drill holes. The two footwall zones plus part of the main vein are classified as inferred in the current mineral resource estimate and will be upgraded in the resource update presently being prepared. Intersections on the Santa Margarita structure include 44.76g/t gold and 46g/t silver over a true width of 1.14 metres in drill hole UGSM11-005.
