The Topia Silver-Lead-Zinc property is located in the heart of the Topia Mining
District in west-central Durango State, Mexico. The property is accessible by road from
the city of Durango by traveling north for approximately 200 km on paved Highway 23,
and west for 150 km on a paved and gravel road to the town of Topia. The town is
presently served by daily small-aircraft flights to the city of CuliacÃ¡n,
which lies 100 km to the southwest. Topia is the principal centre for the area with
schools, shops, a small hospital, and public telephone and internet access.
The property consists of four discrete blocks of mineral exploitation concessions
covering 6,438 hectares. The concessions are 100%-owned by Great Panther's Mexican
subsidiary, Minera Mexicana El Rosario, S.A. de C.V.
In February of 2005, MMR exercised its option to earn a 100% interest in the core
concessions. The surrounding concessions were staked by the Company and are also
owned 100%. There is no underlying Net Smelter Royalty on the property.
The Topia Mines are managed by Ing. Javier Ramirez Vargas. Robert F. Brown, P.
Eng., Vice President of Exploration for the Company is the Qualified Person for both
the Guanajuato mine and the Topia mine, under the meaning of NI 43-101. In addition,
Charles Brown, Chief Operating Officer, oversees aspects of Great Panther Silver's
mines relating to mining and metallurgy.