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To: Canuck Dave who wrote (63285)10/23/2006 7:46:46 PM
From: dara  Read Replies (2) | Respond to of 312884
 
Great Panther drills 505 gpt Ag, 1.98 gpt Au over 1.5 m

2006-10-23 15:53 ET - News Release

Mr. Brad Aelicks reports

GREAT PANTHER DEFINES NEW SILVER-GOLD ZONE AT GUANAJUATO

Great Panther Resources Ltd.'s surface diamond drilling has provided further definition of a new zone of silver-gold mineralization at the company's wholly owned Guanajuato mine in Guanajuato, Mexico. This portion of the 2006 drill program comprised 1,374 metres in eight holes and was focused on testing a gap in historical production, known as the Animas area, between the Cata mine and San Vicente North ramp. It represents a section of the Veta Madre vein structure approximately 175 metres in strike length by 150 metres vertical, immediately below surface and accessible by ramp. As such, the newly defined mineralization presents an immediate target for stope development and mining.