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Great Panther steps up exploration effort

1st February 2021

By: Creamer Media Reporter

     

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Following a successful year for exploration in 2020, Toronto-listed Great Panther will significantly increase its exploration efforts in 2021, with plans to drill a record 90 000 m, representing a $13-million investment.

President and CEO Rob Henderson says the company’s key objectives will be to continue to extend the Tucano openpit mine life, further prove up the underground with a view to extending the high-grade zones and make meaningful inroads into key targets at the expansive Tucano regional land package.

About 60 000 m of drilling is planned at Tucano, in Amapa state, Brazil, totalling $8.4-million.

Building on its 2020 exploration success in Mexico will also be a key focus for the year, Henderson states. The company plans to drill 10 000 m at its operating Mexican mines, for an investment of $3-million.

A further $2-million is budgeted for about 10 000 m of drilling at other projects, including the Plomo gold project, in Sonora, El Horcon, which is near GMC, or Coricancha, in Peru.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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