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Panoro Minerals Ltd.
Summary
| Project: | Cotabambas | |
|---|---|---|
| Deposit: | Petra-David, Maria Jose | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 12/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-12-2017: Panoro Minerals Ltd. announces an Exploration/Drilling Update report for its Petra-David, Maria Jose deposit at the Cotabambas project. Drilling results incl. 78.8m @ 0.32% Cu, 0.08g/t Au, 2.2g/t Ag, 0.0022% Mo from 0m. VANCOUVER, B.C., Dec. 1 | |
| 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, B.C., Dec. 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. Luquman Shaheen, President & CEO of Panoro, states, “The drilling program continues to intersect oxide mineralization in the satellite targets of Cluster 1 of the Cotabambas Project. The oxide mineralization intersected at or near surface is demonstrating the potential to include a heap leach and SX/EW component to the current project plan outlined in the Preliminary Economic Assessment (PEA). Panoro is waiting for additional drill assay results from drill holes targeting the sulphide mineralization intersected in previously announced drill results from the Maria Jose Target. We look forward to continuing the exploration program in 2018 to continue expanding the mineralized zones intersected in Cluster 1, around the current resource, where the 2017 drill results will guide targetting of higher grade near surface mineralization. In 2018 Panoro’s exploration work will also step out into Cluster 2 where skarn and porphyry-style copper mineralization has been identified by rock chip sampling, mapping and geophysics.” | |
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