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.