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Panoro Minerals Announces the Approval of the Environmental Impact Assessment Expansion at Cotabambas Project, Peru
VANCOUVER, British Columbia, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (“Panoro”, the “Company”) Panoro is p
About this update from Panoro Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (“Panoro”, the “Company”) Panoro is pleased to report the approval of the expansion of the Semi-detailed Environmental Impact Assessment (EIAsd) for the Cotabambas Project in Peru. This is the second expansion approved to the original EIAsd and includes the area of the Chaupec Skarn target zone. “The approval of the expansion of the EIAsd allows Panoro to extend its exploration drilling program into the highly prospective areas of Cluster 2. Cluster 2 has been the subject of extensive recent mapping, sampling and geophysical survey studies by Panoro. These studies have identified the occurrence of skarn Cu-Au-Ag mineralization over extensive areas. Panoro’s exploration plans for Cluster 2 will target the addition of high grade near surface skarn mineralization to the current mine plan to further enhance the economics of the project. The scale of the resource potential in Cluster 2 may be significant with the potential to increase the scale of the project identified in the current PEA,” stated Luquman Shaheen, President & CEO. The Ministry of Energy and Mines of Peru approved the second modification of the EIAsd of the Cotabambas project expanding the approved area for exploration from 1,401 hectares to 2,923 hectares. The original approved area permitted 311 drilling platforms in the area of the Ccalla, Azulccaca, Guaclle, Petra-David and María José targets in Cluster 1. The expanded area, of 1,522 hectares located to the west of the original area, as shown on the linked plan, permits an additional 295 drilling platforms to explore the geologic targets of the Zones I, II and III of the Chaupec Skarn target zone in Cluster 2. The first phase of the 2018 drilling campaign was completed in Cluster 1 in April with a total of 2,172 meters of drilling. The second phase is planned to start soon in the Cluster 2, into the Chaupec Skarn Target. About Panoro Panoro Minerals is a uniquely positioned Peru focused copper exploration and development company. The Company is advancing its flagship project, Cotabambas Copper-Gold-Silver Project and its Antilla Copper-Molybdenum Project, both located in the strategically important area of southern Peru. The Company is well financ...