Great Panther Silver announces that it has completed a maiden resource estimate for the El Horcon Project and the results are sufficiently encouraging that the company is moving ahead with permitting for the next phase of exploration. An internal resource estimate was prepared in the third quarter based upon the initial 2,156 metre, 24 hole surface drill program completed during the second quarter. The drill program tested 650 metres of strike length on the Diamantillo vein and various splays and nearby parallel structures and veins, which occur within a NW-SE trending structural corridor six kilometres long by 2.5 kilometres wide. The mineral resource estimate has an effective date of August 31st, 2013 and is classified as Inferred. The company cautions that there is no guarantee that a sufficient amount of additional mineralization at adequate grade will be found to render the project economic. Inferred mineral resources are not mineral reserves and do not have demonstrated economic viability. The work undertaken to date simply provides the company with sufficient justification to proceed to the next stage.