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Panoro Minerals Ltd.
Summary
| Project: | Cotabambas | |
|---|---|---|
| Deposit: | Petra-David, Maria Jose | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 10/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-10-2017: Panoro Minerals Ltd. announces an Exploration/Drilling Update report for its Petra-David, Maria Jose deposit at the Cotabambas project. Drilling results incl. 61.4m @ 0.38% Cu, 0.10g/t Au, 4.9g/t Ag, 0.0027% Mo from 6.6m. VANCOUVER, British Co | |
| Resources: | (Resource, Ind.): 117.1Mt @ 0.42% Cu, 0.23g/t Au, 2.74g/t Ag, 0.001% Mo at project | |
| CP/QP: | [Overall Report]: Luis Vela (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 11, 2017 -- Panoro Minerals Ltd. (TSXV:PML) (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 multiple exploration targets at the Cotabambas Project are yielding results which reinforce Panoro’s belief in the project’s growth potential,” commented Luquman Shaheen, President and CEO of Panoro. “The first drill holes at the Petra-David Target have intersected near surface oxide mineralization. Additional drill holes at Maria Jose continue to intersect mineralization with high grade intervals. Additional drilling at these targets continues. The Cateo-Puente drill holes indicate potential for additional mineralization in this area also. These targets, together with the Breccia Target, are located over an area of approximately 2 km by 2 km to the north side of the current resource limits and along the northeast-southwest local faulting. We remain focused on continuing to demonstrate the significant growth potential at these targets within Cluster 1 while we proceed with expanding our exploration permit to include Cluster 2 and the Chaupec Target.” The Petra-David target is located 500 m to 800 m to the west-northwest of the western limit of the PEA pit at an elevation of 250 m lower than the pit limit. Approximately 95% of the area is covered by soil and colluvium, but a rock chip geochemical survey together with the IP and magnetic results define a northeasterly trending, 800 m long corridor of copper-gold mineralization here. | |
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