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Urcrum North is the northernmost series of open pits along the 7 kilometre belt that hosts Great Panther’s Tucano mine and the assays hail from 29 holes
Great Panther Mining Limited (TSX:GPR, NYSE:GPL) has reported more drill results from the Urucum North (URN) underground project at its Tucan gold mine in Brazil, which show the potential for additional production.
URN is the northernmost series of open pits along the 7 kilometre (km) belt that hosts Great Panther’s Tucano mine and the assays hail from 29 holes. Results from the first 19 holes were reported in July last year.
Highlights included 2.5 metres (m) at a grade of 5.8 grams per ton (g/t) gold from a depth of 342m and 3.9m at 7.65 g/t of the yellow metal from 114m depth.
“The zones of deeper, higher-grade mineralization being delineated at Urucum North demonstrate the potential for additional production from these underground resources in parallel with open pit operations at Tucano,” said Great Panther chairman and interim CEO Alan Hair in a statement.
“In addition to the Urucum North underground zone, exploration has identified several similar potential high-grade zones associated with other pits along the seven-kilometre belt, which may also support underground production and warrant additional drilling. Drill results from the Urucum North underground will be incorporated into an updated underground resource estimate,” he added.
The diamond drilling was mainly focused on the URN high-grade zone (HGZ1), which lies less than 100m below the planned URN final pit shell, said Great Panther.
In addition to the HGZ1 lode, drilling also identified an additional four high-grade lodes, which are being incorporated into the mine plan for Tucano, it added. Engineering studies for underground development at URN are currently in progress.
Great Panther is a precious metals producer focused on the Americas. It owns assets in Brazil, Mexico and Peru that include three gold and silver mines, an advanced development project, and a large land package with district-scale potential.
Contact the writer at giles@proactiveinvestors.com
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Great Panther Mining welcomes latest drill results from Urucum North underground project at Tucano mine – Proactive Investors USA
