Panther Resources Ltd.

Panther Resources Ltd.   PTHR   (NASDAQ)

Trades on NASB BB under symbol PTHR. Name changed from Golden Panther Resources Ltd.

Panther has been reviewing the possibility of a 10 for 1 rollback and change of business out of the mining sector and into E-commerce and Info-Technology. Company plans to change name to PanthomFilm.com and focus on streaming multimedia. Board of Directors has instructed auditors to put all of its mineral assets into reserve for the annual 10K due at end of June, 1999.

Press Release 14Jun99

Panther was reviewing two dept financings that would allow completion of the La Verde Mine acquisition and start expansion of the mill from it's present 200 tpd capacity to 400 tpd and eventually to perhaps 2000 tpd by mid-2000. A drill program is planned for Spring, 1999 to expand reserves.

GCN #26 8Feb99

Latest Press Releases at high-grade zone at La Verde are coming fast. Go to Panther's website for the latest information and news.

Minera Humaya S.A. de C.V. Negotiations underway to merge two companies which will eliminate the purchase agreement for the La Verde property described below. Humaya would be responsible for administration and Panther for all mining and milling operations.

News Release 15Oct98

La Verde, Sinaloa. A privately-owned producing underground Ag-Cu skarn which has operated the last 8 years at 210 tpd for 330 days per year through Cia. Minera Humaya S.A. Located 30 km N of Cosala it employs about 90 persons on a 8,900 hectare property. An independent consultant reported proven+probable reserves at 37.38 million tonnes  (no grades reported) A trackless operation operating four levels through a decline. Signed a contract with URI drilling of Toronto to begin drilling 10Nov97 to develop mine reserves along strike and at depth. Company's goal is to justify an expansion to 500 tpd with average grades in the 250-300 gpt Ag and 1.5% to 2.5% Cu range. Newly discovered Navarro Zone sulfide-rich horizon which continues to the south looks promising and the Golden Panther geological team is now managing drifting in that direction. IP studies infer its dimensions as 125m in strike, 200m deep and 100m wide giving a resource estimate of 5,700,000 additional tonnes. In early February blasts through a fault that separates the San Juan and Navarro Zones encountered massive sulfide mineralization. The first 3 channel samples of 2.5m each ran 656 grams Ag, 2.1% Cu, 7 grams Ag and 0.03% Cu and 515 grams Ag, 2.5% Cu.

This zone has subsequently been confirmed and is averaging around 8 m in width and continues to widen as they drift to the southeast in Tunnel # D 6 on Level 3. The drifting is continuing to intercept high-grade mineralization and the massive sulfide zone is now a full 8.8 meters in width at 31.5 meters into the zone. "We have turned northeast (left) to crosscut the beds of mineralization, which will determine the true width at this reference point. The slash of the left wall of D6 and the first round of the crosscut (C1) are well mineralized, said Gordon Muir, President and CEO. "Visually the face of the crosscut and the wall of the slash are over 25% in sulfides, predominately consisting of high-grade polybasite. The second blast is also in high-grade mineralization," continued Muir.

GCN 3168 1Sep98 (w/ drawing of high-grade face)
GCN 3168 1Sep98 (w/3D drawings and level sketches)
LAMR September, 1998
GCN #162 24Aug98
GCN #147 31Jul98
GCN #146 30Jul98
GCN #27 9Feb98
GCN #16 23Jan98
MBD December, 1997
GCN #215 7Nov97