Issue link: http://resourceworld.uberflip.com/i/113113
Newswire Dissemination, SEDAR and EDGAR services since 1998 SEDAR ���lings starting at $25.00 Newswire Dissemination starting at $95.00 Unlimited Words EMAIL: sales@FSCwire.com GREAT PANTHER SILVER INTERSECTS HIGHGRADE SILVER-GOLD Great Panther Silver Ltd. [GPR-TSX; GPL-NYSE MKT] has announced underground drill results for their Guanajuato Mine complex. Results have defined two new zones of silver-gold mineralization in the Guanajauatito Mine area, and have intersected high-grade silver- gold mineralization in the historic Valenciana Mine area. The drilling results at Valenciana include an intercept of 2,900 grams/tonne silver and 26.00 g/t gold over 1.3 metres. At Guanajatito intersections of 1,010 g/t silver and 6.67 g/t gold over 1.10m and 1,460 g/t silver and 4.79 g/t gold over 1.15m were intersected. Drilling at the Guanajuato complex has extended mineralized targets northwest (GTTO NW zone) and southeast (GTTO SE zone) of the existing development, between 100 and 245 metre levels. Specifically at the northwest zone, intercepts include 2.25 metres grading 380 g/t silver and 1.28 g/t gold in UGG12-057 and 1,010 g/t silver and 6.67 g/t gold in UGG12-061. At the southeast zone intercepts included 1.15 metres grading 1,460 g/t silver and 4.79 g/t gold in UGG12-070. Development at the Guanajauatito Mine has reached depths of 245 metres, and has been connected to the 245 metre level of the Valenciana Mine where it accesses the northwest edge of the Valenciana silvergold deposit. In addition with the footwall ramp at Valenciana connecting to the 320 metre level at the companies Cata Mine, ore from Guanajauatito can be transported underground to the Cata shaft, eliminating the need for truck hauling to surface, reducing costs and truck traffic. Great Panther also announced that subsequent mapping and sampling shows a similar structural control and mineralization to that of Valenciana, suggesting that there may be other in-situ zones located towards Valenciana. 38 www.resourceworld.com PHONE: 1-866-873-8327 AVANTI MINING PRODUCES AN UPDATED FEASIBILITY STUDY Avanti Mining Inc. [AVT-TSXV] has updated its 2010 NI 43-101 compliant Feasibility Study for its 100%-owned Kitsault Molybdenum property in northwest British Columbia. The Kitsault property is located about 140 km north of Prince Rupert, BC, and contains three known molybdenum deposits: Kitsault, Bell Moly, and Roundy Creek. The Kitsault Mine produced molybdenum between 1967 and 1972 and again from 1981 to 1982 with total production on the property being 31 million pounds of molybdenum. The Roundy Creek and Bell Moly prospects also add value to the long term reserve expansion possibilities of the Kitsault property. In addition Kitsault has road access to the mine site and is serviced by the BC Hydro transmission grid. Avanti���s President and CEO, Craig J. Nelsen, stated that the feasibility study demonstrates the potential of the Kitsault Mine Project as the ���Kitsault���s projected cash costs are in the lowest quartile of primary molybdenum producers worldwide.��� The project also has a silver by-product which will provide revenue to help offset increased operating costs. Highlights of the study include: ���Initial capital expenditures: $989 million ��� LOM sustaining capital: $106 million �� WEB: www.FSCwire.com 15% ���Operating cost at $6.65 ��� $5.73 per pound of Mo produced after a by-product silver credit is realized ���228 million tonnes of proven and probable reserves at 0.083% molybdenum and 5.0 g/t silver ���16-year mine life ���Annual mill throughput rate of 14.6 million tonnes ���Strip ratio of 1.05:1 ���374 million pounds of molybdenum and 14.4 million ounces of silver produced ���After tax Net Present Value of $433 million and a 16.6% IRR Avanti���s Chief Operating Officer, Mark Premo noted that ���although, pleased with this update, Avanti is currently engaging a third party engineering and business optimization group to review the Feasibility Study and examine ways of further optimizing the project���s initial capital cost, by potentially staging production increases funded largely out of free cash flow.��� POSITIVE FEASIBILITY STUDY COMPLETED ON NORTHCLIFF���S SISSON TUNGSTENMOLYBDENUM PROJECT Northcliff Resources Ltd. [NCF-TSX] released a Feasibility Study, conducted by Samuel Engineering Inc., of Denver, Colorado, for its 100%-owned Sisson Project in New Brunswick, Canada. The study highlights the project as an economically and technically robust 27 year mine-life tungsten and molybdenum reserve, with proven and probable mineral reserves of 22.2 million metric tonne units (mtu) of tungsten trioxide (WO3), and 154.8 million pounds of molybdenum (Mo).With these reserves, the Sisson deposit is considered one of the largest underdeveloped tungsten reserves in the world. Northcliff���s Sisson Project is a bulk tonnage operation, and has the potential for employing over 300 people; mine-site facilities will include an open MARCH 2013