| Announcement Date: | 2022-06-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Panoro Minerals Ltd. |
| Project name: | Cotabambas |
| Location: | Peru |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Drilling results incl. 195.8m @ 0.55% Cu, 0.52g/t Au, 2.88g/t Ag from 35.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | VANCOUVER, B.C., June 7, 2022 – Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM, OTCQB: POROF) (“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. Drillhole CB-195, the first hole completed of the 2022 program, intersected 195.8m averaging 0.55% Cu, 0.52 Au g/t, 2.88 Ag g/t (0.92% Cueq), including a profile of copper oxides, mixed and hypogene zones. The primary copper sulfides in the hypogene zone include 45.7m grading 0.95% Cu, 0.78 g/t Au and 4.35 g/t Au (1.51% Cueq) into a porphyry stock of quartz monzonite composition. The drill program commenced with the mobilization of the first drill rig during the last week of April 2022 at the South Pit area. The drill core was logged and sampled on site and samples were prepared and analyzed at ALS Chemex Laboratories in Lima. THE SOUTH PIT AREA The South Pit target is located between 400m to 1200m to the south of the proposed North Pit as defined by the September 22, 2015 Preliminary Economic Assessment. The Hole CB-195 tested the mineralized area located between previous Drillholes CB-23 and CB-34, see link 1, and was completed to a total depth of 240.2m. The following table details the more significant intersections. |
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