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Microcap & Penny Stocks : Panther Resources Ltd. (PTHR NASD BB) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (566)	2/10/1999 12:49:00 PM
From: Buster	Read Replies (1) \| Respond to of 618

News release February 10, 1999 PANTHER RESOURCES ANNOUNCES: Assay Results Verify Company's Predictions Symbol: OTC BB PTHR Industry: Mining Subject: Assay Results Vancouver, BC and Sinaloa, Mexico: Gordon Muir, CEO of Panther Resources wishes to announce that the ongoing results from the underground mining from level 3 B continue to produce significant results and verify predicted geology. These results are exactly what the company had predicted more than 8 months ago. We now know that the drilling, IP, and underground drifting programs are now without a doubt right on target. This level, 3 B, is almost directly under the high grade zones previously announced in D 6, proving the zones continue to a depth of almost 80 meters. The zones in 3 B are approximately the same in width and grade as the levels above (D 6) showing good continuity of the massive sulfides zones of polybasite discovered previously. This high grade zone shows no sign of depletion at this level. The company is pleased to present the following assay charts. Chart A is from underground. Chart B is from the concentrate. G/t G/t % G/t G/t % Au Ag Cu Au Ag Cu .5 284 .88 7.0 7480 N/A 1.0 2044 6.50 7.0 7000 N/A .5 103 .36 7.0 6608 N/A .5 563 1.10 7.0 7960 33.8 1.0 1770 5.20 7.0 6505 N/A .5 703 1.60 7.0 6780 N/A .5 312 .92 7.0 7121 23.2 .5 122 .38 7.0 7178 N/A .5 650 2.10 7.0 6460 N/A .5 606 1.50 7.0 7820 25.4 .5 176 .40 7.0 7027 N/A .5 396 1.20 7.0 8080 N/A .5 130 .34 7.0 8000 23.3 .5 318 .96 7.0 8502 N/A .5 851 1.80 7.0 7410 24.0 1.0 1236 3.50 7.0 6250 N/A .5 750 2.00 7.0 6481 21.5 The assay results show an average grade of 650 g/t Ag, which is over 3 times the average previous mine grade, the copper more than double and the gold values over 10 times previous. The resulting concentrate with a recovery of only 87% is over 40% higher than the previous yearly average. Panther Resources is a silver mining company currently working in Sinaloa, Mexico on the properties known as La Verde. For further information, please contact our office at 604-689-5377, or visit our comprehensive web-site at www.pthr.com For further information, please contact our office at 604-689-5377, or visit our comprehensive web-site at www.pthr.com Certain statements in this Corporate Update 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.