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Panoro Minerals Ltd.
Summary
| Project: | Cotabambas | |
|---|---|---|
| Deposit: | Maria Jose Target | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 12/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2017: Panoro Minerals Ltd. announces an Exploration/Drilling Update report for its Maria Jose Target deposit at the Cotabambas project. Drilling results incl. 127.6m @ 0.41% Cu, 0.06g/t Au, 2.0g/t Ag, 0.0008% Mo from 199.6m. VANCOUVER, British Colum | |
| Resources: | ||
| CP/QP: | [Overall Report]: Luis Vela (Not stated) | |
| ABSTRACT: | VANCOUVER, British Columbia, Dec. 20, 2017 -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) ("Panoro", the "Company") is pleased to provide additional assay results from its drill program at Maria Jose Target at Cluster 1 of its 100% owned Cotabambas Cu/Au/Ag Project in Peru. Drill hole CB-183 intersected a 127.6m interval of hypogene copper mineralization in a quartz monzonite porphyry intruding andesite volcanics beginning at 199.6m and averaging 0.41% Cu, 0.06 g/t Au and 2.0 g/t Ag, including 37.0m grading 0.56% Cu, 0.10 g/t Au and 2.8 g/t Ag and 52.9m averaging 0.46% Cu, 0.07g/t Au and 2.1 g/t Ag. Drill hole CB-183 also intersected an 18.8m thick blanket of oxide copper mineralization beginning at 56.3m and averaging 0.28% Cu, 0.04g/t Au and 2.1 g/t Ag. A deeper 38.9m interval of hypogene copper mineralization beginning at 450.5m and grading 0.27% Cu, 0.03g/t Au and 1.7g/t Ag was intersected in andesitic volcanics. Mineralization is still open at depth. Drill hole CB-183 is located 300 m to the east of previously published drill holes CB-157 and CB-161. These results indicate significant expansion potential for both oxide and hypogene copper mineralization to the east of the Maria Jose 2 target. Drill hole CB-168 is located 500 m to the west of drill hole CB-183, and intersected a 46.7m interval of oxide copper mineralization in andesitic volcanics, beginning at 2.0m and averaging 0.20% Cu, 0.02 g/t Au, 1.0 g/t Ag, including 11.0m grading 0.31% Cu, 0.03 Au g/t, 1.5 g/t Ag. | |
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