Business
Panoro Minerals Appoints Mr. Jaime Quijandría Salmón to the Board of Directors
VANCOUVER, Aug. 30, 2011 /CNW Telbec/ - Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frank...
About this update from Panoro Minerals Ltd.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 30, 2011 /CNW Telbec/ - Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frankfurt: PZM) (\"Panoro\") Panoro is pleased\n to announce that Mr. Jaime Quijandría Salmón has been appointed to the\n Board of Directors of the company.  Mr. Quijandria was the Minister of\n Energy and Mines as well as the Minister of Economy and Finance of Peru\n from 2001 to 2004.  More recently, he has been an Executive Director of\n the World Bank (2004-2006) and the Inter-American Development Bank\n (2006-2008) in Washington, D.C., USA.  He is currently a partner in\n Laub Quijandría Consultores y Abogados providing consulting to the\n Mining and Energy sectors in Peru.\n\n\nThe Company has granted options to purchase 500,000 shares exercisable\n at a price of $.50 per share to Mr. Quijandría pursuant to the\n Company's stock option plan.\n\n\n\"Mr. Quijandría's knowledge of the Peruvian business, regulatory and\n economic environments will be of great service to Panoro as we look to\n advance our Cotabambas and Antilla Projects along the road to\n feasibility.  He brings a wealth of experience to the Company and we\n are very pleased to have him join the Board.\" stated Bill Boden, the\n Chairman of the Board of Directors.\n\n\nThe Company is well-financed following the recent completion of a $7.8\n million brokered private placement.  Drilling at the Cotabambas Project\n has resumed where Panoro will complete the 5,500 metre Phase One\n exploration program, a total of 2,800 metres having already been\n completed as of June. A Phase Two exploration program will follow\n immediately and will include up to an additional 29 drill holes\n totaling approximately 21,500 m, mainly focused on step-out drilling to\n increase the resource at the main Ccalla deposit.\n\n\nAbout Panoro\n\n\nPanoro's strategic focus is to move its advanced stage Copper and\n Copper/Gold projects to the feasibility and development stages and to\n explore its other projects. Panoro's strong cash position puts the\n company in a good position to continue developing its significant\n portfolio of exploration projects. The Company's large portfolio\n includes the advanced Cotabambas Copper-Gold and Antilla\n Copper-Molybdenum Projects which include NI 43-101 inferred level\n resources of:\n\n\nCotabambas:\n\...