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Panoro Minerals Announces Approval of Expanded Environmental Permit Area for Cotabambas Cu/Au/Ag Project, Peru
VANCOUVER, British Columbia, Dec. 2, 2015 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) ("Panoro", the "Company") is pleased to
About this update from Panoro Minerals Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 2, 2015 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (\"Panoro\", the \"Company\") is pleased to announce that the Peruvian Ministry of Energy and Mines has approved the modification of the Semi-detailed Environmental Impact Assessment (EIAsd) for the company's Cotabambas project. The modified EIAsd expands the area permitted for exploration drilling from 704 ha under the previous EIAsd to 1,401 ha. A public participation process involving the approval of all three local communities of Ccalla, Guaclle and Cochapata was completed as part of the EIAsd. The expanded area under the newly approved EIAsd includes a number of targets identified through geological mapping, rock chip sampling, trenching and geophysics that are along two trends containing the Ccalla and Azulccaca porphyry deposits. The identified targets include: Azulccaca-Ccalla-Cochapata-Maria Jose Trend Azulccaca and Ccalla deposits (current mineral resource) Cochapata Porphyry target; and Maria Jose Porphyry target. Guaclle-Buenavista Trend Guaclle Porphyry target; and Buenavista Porphyry target. These targets, together with the Ccalla and Azulccaca deposits, are located within a 6 km by 3 km area to the northeast side of the Company's concessions as shown on the location map at http://www.panoro.com/i/pdf/Dec2015-Area-of-Current-Resource.pdf. They appear to be part of a single cluster of porphyry occurrences, the full extent of which may remain to be discovered. A number of additional mineralized targets also occur elsewhere on the Cotabambas Project which covers an area of approximately 16 km by 10 km. The original EIAsd included an area covering only the Ccalla and Azulccaca deposits, on which Panoro completed a number of drilling programs from 2010-2014. The results from this drilling were included in the resource updates for the Cotabambas Projects announced in 2012 and 2013 and which form the basis for the Preliminary Economic Assessment (\"PEA\") reported on September 22, 2015. Maria Jose Target The Maria Jose zone is situated along the same mineralized trend as the Ccalla and Azulccaca deposits. It includes two separate prospects consisting of both oxide and primary copper mineralization associated with quartz monzonite porphyry intruding monzodiorite and andesite. Mineralization is chara...