PTHR keep an eye open for this guy. I'm expecting and hoping for the markets to stabilize a little today now that its past Labor Day weekend and most of the players should be back fro the summer vacation. Hopefully speculation will resume in the OTC.
Nescom out-
Tuesday September 8, 8:01 am Eastern Time
Company Press Release
SOURCE: Panther Resources, Inc.
Panther Resources Declares Massive Sulphide Zone is Now 8.8 Meters (28.87 Feet) in Width
VANCOUVER, British Columbia, Sept. 8 /PRNewswire/ -- Panther Resources Inc. (Nasdaq: PTHR - news) announces the significant zone of mineralization continues to widen as they drift to the southeast in Tunnel # D6 on Level 3. The drifting is continuing to intercept high-grade mineralization and the massive sulphide zone is now a full 8.8 meters in width at 31.5 meters into the zone.
''We have turned northeast (left) to crosscut the beds of mineralization, which will determine the true width at this reference point. The slash of the left wall of D6 and the first round of the crosscut (C1) are well mineralized,'' said Gordon Muir, President and CEO. ''Visually the face of the crosscut and the wall of the slash are over 25% in sulphides, predominately consisting of high-grade polybasite. The second blast is also in high-grade mineralization,'' continued Muir.
The following assay results are from D6.
Location Au g/t Copper % Ag g/t / oz
24.3 m D6 * N/A 8.6 2170 / 76.5
27.4 m D6 N/A 2.4 670 / 23.6
28.7 m D6 N/A 7.0 1875 / 66.13
30.0 m D6 N/A 6.5 1675 / 59.0
** 24.3 m D6 3.43 11.73 2470 / 87.12
** The first check assay from D6.#A9828118 from Chemex Labs Ltd. The
company will continue to randomly check samples and pulps for
confirmation and accuracy of results.
* The company will rely on the fire assays from Chemex Lab's in
Vancouver for accuracy for the gold grades.
''We cordially invite all media, stock brokers, financial analysts, geologists, and shareholders and potential investors to personally visit our mining property in Cosala, Mexico at our website, pthr.com to see for themselves the magnitude of our mine and the future potential of Panther Resources,'' added Muir.
Panther Resources is an active mining and exploration company whose main mining asset is the La Verde Mine in Mexico, which is currently in production. The company expects to complete the expansion of the current milling and mining operations to more than double it's current production in the fall of 1998.
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 express or implied by such forward-looking statements.
SOURCE: Panther Resources, Inc.
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