El Horcón is a Gold-silver-zinc-lead exploration project situated 50 kilometres north of the city of Leon (Guanajuato State), in the state of Jalisco, Mexico, approximately 470km northwest of Mexico City. More importantly, it is approximately 100 kilometres by road and within trucking distance to Great Panther’s Cata processing plant in Guanajuato.
The property is located on the northwest trend of the prolific Guanajuato mining camp, and hosts mineralized epithermal veins similar to those observed at Great Panther's existing operations. El Horcón is a historic mining operation but the extent of past production is unknown. It hosts nine known veins, with the Diamantillo Vein traceable on surface for more than four kilometres. Several underground workings exist, the most extensive of which is the Diamantillo Tunnel.
Gold, silver, lead, and zinc mineralization occurs in quartz-calcite veins along structures, the largest of which is the Veta Madre, with a strike length of five kilometres. There has been limited previous drilling in recent times and Great Panther has conducted only 2,147 metres in 24 holes. As a result of this work, a small NI 43-101 compliant resource exists, however, given that an operation here would not require a stand-alone plant, the project is potentially viable as a satellite to Guanajuato. For this reason, the resources are considered to fall under the umbrella of the GMC.
Great Panther owns a 100% interest in the project. There are no known environmental liabilities associated with the mineral claims.
NI 43-101 Technical Report on the El HorcónGuanajuato, Mexico | August 31, 2016