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Panoro Minerals Ltd.
Summary
| Project: | Cotabambas | |
|---|---|---|
| Deposit: | Cotabambas | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 8/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-8-2017: Panoro Minerals Ltd. announces an Exploration/Drilling Update report for its Cotabambas deposit at the Cotabambas project. Drilling results incl. 109.7m @ 0.15% Cu, 0.02g/t Au, 0.8g/t Ag, 0.0023% Mo from 18.8m. VANCOUVER, British Columbia, Aug. | |
| Resources: | (Resource, Ind.): 117.1Mt @ 0.42% Cu, 0.23g/t Au, 2.74g/t Ag, 0.0013% Mo | |
| CP/QP: | [Overall Report]: Luis Vela (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Aug. 01, 2017 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PM) (Lima:PML) (Frankfurt:PZM) ("Panoro", the "Company") is pleased to provide an update of its exploration drill program at its 100% owned Cotabambas Cu/Au/Ag Project in Peru. The drill program commenced with the mobilization of the first drill rig at the end of May 2017 at the Breccia zone and a second rig to Maria Jose zone. The drill core was logged and sampled on site and samples were prepared and analyzed at ALS Chemex Laboratories in Lima. The Maria Jose target is located between 1.0 and 2.5 km to the north of the proposed North Pit as defined by the September 22, 2015 Preliminary Economic Assessment. Hole CB-157 tested the MJ-2 target, one of two prospects associated with a strong chargeability anomaly within the Maria Jose zone and was completed to a total depth of 502.5 m. The following table details the more significant intersections. A location plan can be found at the company’s website, www.panoro.com. The Breccia Target is located adjacent to the north side of the proposed North Pit and is defined by a number of rock samples with anomalous levels of gold distributed over an area of 1.0 km x 1.4 km along with argillic alteration. Approximately 2,000 m of exploration drilling is planned for the zone, of which four shallow drill holes have been completed to date for a total of 558.1 m. The following table details the more significant intersections. | |
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