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Panorama Resources Ltd. (TSXV-PRA), reports technical summary of exploration work completed in 2008 at the Company’s wholly owned Ketchum Lake Copper – Gold Project in northwestern BC.
Panorama Resources Ltd. (TSXV-PRA), reports technical summary of exploration work completed in 2008 at the Company’s wholly owned Ketchum Lake Copper – Gold Project in northwestern BC..
About this update from Agriminco Corp
[{"type":"text","content":"VANCOUVER (February 11, 2009) – Mr. Harvey Keats, Chief Executive Officer of Panorama Resources Ltd. (TSXV-PRA), reports that management has now received a technical summary of the exploration work completed in 2008 at the Company’s wholly owned Ketchum Lake Copper – Gold Project in northwestern BC.The Ketchum Lake area was originally identified by the Texas Gulf Sulfur Company (“Texas Gulf”) as part of a regional “porphyry copper” reconnaissance program carried out in 1971. Widely spaced geochemical surveys (150 to 300 meter spaced survey lines) completed by Texas Gulf identified a three kilometre long, north trending zone of intermittent “copper in soil” anomalies and a limited program of hand trenching at the north end of the zone identified outcropping porphyry copper mineralization. The exposed mineralization was traced over a strike length of roughly 250 meters and trench samples reportedly ranged form 0.18 to 1.83% copper.In 2006 Panorama “the Company” completed a verification sampling program to confirm the results reported by Texas Gulf and an airborne magnetic survey to define potential target areas for a follow-up program. Data from the airborne magnetic survey showed that the copper mineralization and the area of elevated “copper in soil values” identified by Texas Gulf are associated with a broad, north to northeast trending magnetic low. The magnetic anomaly extends beyond the limits of the geochemical anomaly defined by Texas Gulf and parallels the interpreted contact between intrusive rocks in the northeastern and eastern parts of the property and andesites belonging to the Stuhini group in the central part of the property.The objective of the 2008 program was to delineate the extent of potential mineralized zones by infilling and extending the limits of the soil geochemical survey completed by Texas Gulf. As part of the 2006 program the UTM locations and “copper in soil” values from the Texas Gulf geochemical survey (consisting of 1,512 samples) were entered into a database. Sampling during the 2008 program consisted of 1,356 new samples collected at 25 meter intervals along 50 to 200 meter spaced lines designed to “infill” the Texas Gulf data and to extend the Texas...