Great Panther Mining Limited announced results from Phase 2 of the 2021 resource replacement and expansion drilling program and regional exploration results from the Company's wholly-owned Tucano Gold Mine in Brazil. Tucano comprises a 7-kilometre-long trend of gold deposits hosted within a large tenement package controlled by Great Panther covering approximately 2,000 km2 of the Vila Nova Greenstone Belt. Great Panther’s President & CEO Mr Rob Henderson said “One of the primary objectives of our exploration program at Tucano this year is to extend the open pit mine life, and I am pleased to report that our intention is to bring TAP C back into production in 2022 as the drilling has demonstrated continuity of mineralization at depth below the current pit floor.”He added “The other main objectives at Tucano this year include extending the high-grade zones underground and defining the regional potential of our district-scale land package,” continued Mr. Henderson. “Initial results from our regional exploration program are very promising as they confirm the potential surrounding Tucano and our ability to generate new quality targets through focused, systematic exploration. Drilling of new targets is planned for the fourth quarter of this year. Our immediate focus is making new discoveries within a 20 km radius of the mine. However, we believe that the greenstone belt has significant exploration upside, and our long-term objective is to make a major new discovery within our extensive tenement package.”The Company continues to focus on resource definition along the 7-kilometer-long mine sequence. Last year the focus was on the Taperaba pit where the Company successfully upgraded inferred resources to Measured & Indicated status and, as a result, significantly increased the open pit reserves at TAP AB. This year the focus has been on TAP C, situated between the TAP AB and Urucum pits that are the current focus of production at Tucano. The definition of new resources at TAP C will give Tucano additional operational flexibility with new production fronts from shallow pits close to the plant.
Great Panther Mining Limited announced results from Phase 2 of the 2021 resource replacement and expansion drilling program and regional exploration results from the Company's wholly-owned Tucano Gold Mine in Brazil. Tucano comprises a 7-kilometre-long trend of gold deposits hosted within a large tenement package controlled by Great Panther covering approximately 2,000 km2 of the Vila Nova Greenstone Belt. Great Panther’s President & CEO Mr Rob Henderson said “One of the primary objectives of our exploration program at Tucano this year is to extend the open pit mine life, and I am pleased to report that our intention is to bring TAP C back into production in 2022 as the drilling has demonstrated continuity of mineralization at depth below the current pit floor.”He added “The other main objectives at Tucano this year include extending the high-grade zones underground and defining the regional potential of our district-scale land package,” continued Mr. Henderson. “Initial results from our regional exploration program are very promising as they confirm the potential surrounding Tucano and our ability to generate new quality targets through focused, systematic exploration. Drilling of new targets is planned for the fourth quarter of this year. Our immediate focus is making new discoveries within a 20 km radius of the mine. However, we believe that the greenstone belt has significant exploration upside, and our long-term objective is to make a major new discovery within our extensive tenement package.”The Company continues to focus on resource definition along the 7-kilometer-long mine sequence. Last year the focus was on the Taperaba pit where the Company successfully upgraded inferred resources to Measured & Indicated status and, as a result, significantly increased the open pit reserves at TAP AB. This year the focus has been on TAP C, situated between the TAP AB and Urucum pits that are the current focus of production at Tucano. The definition of new resources at TAP C will give Tucano additional operational flexibility with new production fronts from shallow pits close to the plant.
