Panoro Minerals announces results from ongoing exploration at Cotabambas Cu/Au/Ag Project, Peru
Wednesday, Nov 28, 2012
VANCOUVER, Nov. 27, 2012 /CNW Telbec/ - Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frankfurt: PZM) ("Panoro", the "Company") Panoro is pleased to report additional assay results from its 100% owned Cotabambas porphyry copper-gold-silver project located in southern Peru. The drill results include step out drill holes to both the east and west sides of the Ccalla deposit.
Hole CB-72 was a step out hole drilled from the same site as previously reported hole CB-79. It is located parallel to, but 150 m south of previously reported hole CB-68 which identified a new zone of primary mineralization to east of the Ccalla deposit. A 16.0m thick copper oxide zone grading 0.59% Cu, 0.05g/t Au and 1.0g/t Ag was followed by 451.9m of primary mineralization grading 0.17% Cu, 0.04g/t Au, 2.5g/t Ag, At depth, two intervals with high levels of molybdenum were intersected, including 86m grading 0.42% Cu, 0.07g/t Au, 2.5g/t Ag and
0.0137% Mo, and 12.9m grading 0.18% Cu, 0.04g/t Au, 1.6g/t Ag and 0.0106%Mo.
Hole CB-77 was a step out hole drilled parallel to and 100m to the south of hole CB-72. From surface to 30.0m, a zone of supergene chalcocite mineralization grading 0.36% Cu, 0.17g/t Au and 2.0g/t Ag was intersected. At depth, various intervals of primary mineralization with grades ranging between 0.15% and 0.26% Cu were encountered.
Hole CB-81A was positioned to test below the pit shell limits as defined in AMEC's recent technical report. The interval from surface to 40.1m depth consisted of supergene oxide mineralization grading 0.41% Cu, 0.27g/t Au and 2.8g/t Ag. This was followed by 54.7m of supergene chalcocite mineralization grading 1.04 %Cu, 0.15 g/t Au and 1.4 g/t Ag, including 28.9m grading 1.59% Cu, 0.20 g/t Au and 2 g/t Ag. Below this, a number of intervals of primary mineralization up to 257m long were encountered.
Panoro's strategic focus is to move its advanced stage projects to the
feasibility and development stages and to explore its other projects.
SOURCE PANORO MINERALS LTD.