Panther Resources Ltd. (PTHR NASD BB) Message Board

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Microcap & Penny Stocks : Panther Resources Ltd. (PTHR NASD BB)

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To: Buster who wrote (468)	9/17/1998 5:21:00 PM
From: Buster	Read Replies (1) of 618

PR from the company September 17th, 1998 PANTHER RESOURCES CORPORATE UP-DATE RESULTS FROM FIRST TEST-RUN BETTER THAN EXPECTED Symbol: PTHR Exchange: OTC- BB Industry: Mining Subject: Assay Results The company has completed the first test milling of approximately 100 tonnes of the mineralized material from Drift #6. >From an operational point of view, it takes several hundred tonnes of ore to maximize the recovery of the sulphides from the ore due to the polybasite-tetrahedrite combination but we are pleased with the results so far. The profitability of a mine is based on the economical recovery of the minerals and the value of the processed ore not just the specific amount of ore in the ground. It is always a gamble for a company to base their asset structure solely on reserve calculations derived from drill results and assay techniques when the ore is still in the ground. To take the "guess-work" out of these calculations, one should focus on the recovery of the sulphides commonly called concentrate. The concentrate, in our case, is a combination of the recovered silver, gold and copper. It is this material which is sent to the smelter that generates the revenues for the company. The company has received the following assay results from "the concentrate" from Drift #6 Au/gt Cu % Ag/gt \| /oz 7.10 30.6 8179 \| 264.9 7.00 33.3 9150 \| 296.4 7.00 33.0 8351 \| 270.5 These are preliminary results from the first run of material from Drift #6. Remember, these results are from the early stages of processing newly discovered ore. Marshall Smith, Project Manager, anticipates the recovery of minerals to increase in grade once the mill process is tuned properly and the upgrade completed. At current metal prices the value of this concentrate is over $2,000 USD per tonne. For further information on Panther Resources Ltd. please visit our comprehensive website at www.pthr.com or call our Investor Relations department at 604-689-5377. Certain statements in this News Release constitute "forward-looking" statements' within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

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