Update on Tetasiari Mexican Gold Property
West Vancouver, British Columbia – June 25, 2008 – Black Panther Mining Corp. (the “Company”) is pleased to announce that a significant trenching program has been successfully completed on the Tetasiari property located in the Mexican State of Sinaloa. As previously reported (see news releases dated Mach 15 and July 18, 2007), the Company has an option to acquire a 50% in the Tetasiari Property from MacMillan Gold Corp. (TSX-V: MMG) of Toronto, Ontario.
The Tetasiari property hosts gold and silver mineralization in a silicified brecciated mafic volcanic, similar in both style and appearance to the mineralization at Alamo Dorado gold/silver mine, 30km to the north. The Company completed eleven trenches for a total of 356 metres. Trenching has traced the western mineralized zone for approximately 500 metres. Geological mapping has traced the zone for a further 500 meters. It appears that there are two distinct parallel mineralized zones approximately 100 metres apart. The eastern zone has been traced for 3.5km along strike by trenching and geological mapping of the outcrop. A total of 253 one metre channel samples were taken and assays are pending. Both mineralized zones are approximately 25 metres wide. The Company has received assay samples for the first phase of recent hand trenching of historical trenches in the western zone. Samples were taken in a continuous one metre channel and the results are tabulated below:
|
Trench # |
Sample # |
Gold (Au)
(grams per metric tonne) |
Gold (Au) gravimetric
(grams per metric tonne) |
|
T-3 |
FTC51 |
0.45 |
|
|
|
FTC52 |
0.83 |
|
|
|
FTC53 |
19.64 |
19.61 |
|
|
FTC54 |
0.12 |
|
|
T-4 |
FTC58 |
18.40 |
17.14 |
|
|
FTC59 |
1.81 |
|
|
|
FTC60 |
0.71 |
|
|
|
FTC61 |
0.19 |
|
|
|
FTC62 |
0.19 |
|
|
|
FTC63 |
0.30 |
|
|
|
FTC64 |
0.05 |
|
|
|
FTC65 |
0.42 |
|
|
T-5 |
FTC66 |
0.21 |
|
|
|
FTC67 |
1.11 |
|
|
|
FTC68 |
0.30 |
|
|
|
FTC69 |
1.93 |
|
|
|
FTC70 |
1.27 |
|
|
|
FTC71 |
0.24 |
|
|
|
FTC72 |
0.42 |
|
|
|
FTC73 |
2.18 |
|
|
|
FTC74 |
0.38 |
|
|
|
FTC75 |
0.52 |
|
|
|
FTC76 |
0.63 |
|
|
|
FTC77 |
0.60 |
|
The continuous channel samples were placed in plastic sample bags, labeled and sealed. The samples were continuously under the supervision of the Company’s geologist until they were shipped by transport to Durango, the Mexican preparation facility for Inspectorate Laboratory of Reno, Nevada. The samples were crushed and pulverized in the facility and sent by air to the Inspectorate Laboratory in Reno, Nevada where a 30 gram sample was “fire assayed” and the resultant bead was dissolved and analysed by atomic absorption spectroscopy. Samples that ran greater than 10 grams/tonne gold were re-assayed with the fire assay bead weighed in a gravimetric analysis. Inspectorate Laboratory is an international service laboratory that is committed to delivery of the highest level of compliance, integrity and ethical behaviours in the provision of its services, issuance of its reports and business interactions.
John Kowalchuk, P.Geo., has reviewed this release and is acting as the Company’s Qualified Person for this project.
For further information, contact Mr. Clive Shallow, investor communication, at 604-922-2030 or visit the Company’s website at www.blackpanthermining.com
Black Panther Mining Corp.
“Ronald A. Coombes”
_________________________________
Ronald A. Coombes, President & CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
