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Panoro Minerals Ltd.
Summary
| Project: | Cotabambas | |
|---|---|---|
| Deposit: | Maria Jose Target, Petra Target | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 6/18/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: Panoro Minerals Ltd. announces an Exploration/Drilling Update report for its Maria Jose Target, Petra Target deposit at the Cotabambas project. Drilling results incl. 125.7m @ 0.25% Cu, 0.02g/t Au, 1.03g/t Ag, 0.0029% Mo from 130.3m. VANCOUVER, | |
| Resources: | (Resource): 605.3Mt @ 0.31% Cu, 0.17g/t Au + 117.1 @ 0.42% Cu, 0.23g/t Au (Ind) | |
| CP/QP: | [Overall Report]: Luis Vela (Not stated) | |
| ABSTRACT: | VANCOUVER, British Columbia, June 18, 2018 -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro”, the “Company”) is pleased to report additional assays results for six drill holes from its 100% owned Cotabambas porphyry copper-gold-silver project located in southern Peru. The drillholes have intersected additional oxide and primary sulphide mineralization at the Maria Jose 1 & 2 Targets and the Petra Target. The intersection of skarn mineralization at the Petra Target has been newly identified. Additional drilling is planned in these areas in 2018. The drill results are from the recently completed first phase of the 2018 drill program to further test the Maria Jose 1 and 2 and Petra David Targets following up on the discoveries made during 2017. The six drillholes include four drill holes at the Maria Jose 2 Target, 1 from the Maria Jose Target and 1 from the Petra David Target. Luquman Shaheen, President and CEO states, “The 2018 drilling to date has intercepted additional near-surface oxide copper mineralization at both Petra and Maria Jose adding to the potential to include a heap leach and SX/EW component to the Cotabambas Project. The underlying primary mineralization requires additional drilling to target the higher grade areas intercepted in 2017. The interception of skarn mineralization is a new component to the geologic potential within Cluster 1. The potential for connection with the Cluster 2 Skarn mineralization opens a new corridor for exploration potential. The drill permit expansion to include Cluster 2 is well advanced and we expect to have final approval soon. The Company has expanded the mapping and sampling campaign in this area to define additional drill targets.” | |
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