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Panoro Minerals Ltd.
Summary
| Project: | Cotabambas | |
|---|---|---|
| Deposit: | Cotabambas | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 8/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2017: Panoro Minerals Ltd. announces an Exploration/Drilling Update report for its Cotabambas deposit at the Cotabambas project. Drilling results incl. 188.7m @ 0.25% Cu, 0.04g/t Au, 1.75g/t Ag, 0.0024% Mo from 255.4m. Vancouver, B.C., August 30, 201 | |
| 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, B.C., August 30, 2017 - Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) ("Panoro", the "Company") is pleased to provide the results from an additional three drill holes completed at the Maria Jose Target at its 100% owned Cotabambas Cu/Au/Ag Project in Peru. The results are highlighted by Drillhole CB-161. Drillhole CB-161, located 140 m southwest of previously announced hole CB-157, intersected the andesite volcanic package from surface to 39.7 m with oxide copper mineralization grading 0.54% Cu, 0.06 g/t Au and 2.52 g/t Ag, underlain by three intervals of primary copper mineralization of 56.3 m averaging 0.41% Cu, 0.05 g/t Au, 2.19 g/t Ag, 188.7 m grading 0.25% Cu, 0.04 g/t Au, 1.75 g/t Ag, and 22.9 m averaging 0.48% Cu, 0.08 g/t Au and 3.39 g/t Ag. The drill hole was terminated in mineralization. Maria Jose mineralization is generally covered at surface with colluvium and has only limited outcrop. A previous geochemical rock chip survey identified two copper anomalies, MJ-1 and MJ-2 coinciding with strong IP and magnetic signatures. Drill holes CB-157 (from previous press release), CB-161, and CB-163 were located over a distance of 500 m across the MJ-2 anomaly. Drillhole CB-162 was located 160 m northwest of drillhole CB-161 to test the geophysical anomalies in this direction. | |
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