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Panoro Minerals Drilling Intersects High Grade Mineralization at Chaupec Target, Cotabambas Project, Peru
VANCOUVER, British Columbia, June 05, 2019 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) ("Panoro", or the "Company") is pleas
About this update from Panoro Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, June 05, 2019 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (\"Panoro\", or the \"Company\") is pleased to provide assays results from its drill program at Chaupec Target at Cluster 2 of its 100% owned Cotabambas Cu/Au/Ag Project in Peru. The recently completed first phase of drilling at the Chaupec Target was composed of five drill holes totalling 997 meters of drilling. The five drill holes were completed at the northern end of the Chaupec target along approximately 1.2 km of strike. The drill results, with high grades of copper, gold, silver including grades of lead and zinc are confirming the potential presence of a new porphyry stock in the vicinity of the drilled area. The locations of the five drill holes are shown on the attached plan. Highlights: Drillhole CB-193: intersected from 15.2 m to 32.8 m depth, mixed copper mineralization in a quartz monzonite porphyry (QMP) averaging 0.42% Cu, 0.05 g/t Au, 24.2 g/t Ag, 0.38% Zn (0.85% CuEq), including intervals of 5.2 m in diorite/skarn grading 0.67% Cu, 0.08 g/t Au, 37.3 g/t Ag, 0.12% Pb, 0.41% Zn (1.26% CuEq), and 6.0 m in QMP averaging 0.59% Cu, 0.08 g/t Au, 35.0 Ag g/t, 0.39% Zn (1.14% CuEq). Drillhole CB-190: intersected from 40.5 m to 50.1 m depth, mixed and primary copper mineralization in a quartz monzonite porphyry (QMP) intruding garnets skarn package averaging 0.51% Cu, 0.04 g/t Au, 3.3 g/t Ag (0.58% CuEq), including 5.1 m of the QMP grading 0.80% Cu, 0.06 g/t Au, 4.9 g/t Ag (0.91% CuEq). A second intersection at 111.5 m depth with 5.7 m intersected in skarn averaging 0.44% Cu, 0.05 g/t Au, 4.5 g/t Ag (0.61% CuEq). This first phase of drilling targets are located along Copper Anomalies #4 and #7 in Zone 1, as identified by surface mapping, see attached map. Seven other Copper Anomalies have also been delineated in this area of the Chaupec Target and are open to explore with additional drilling. The following table details the more significant intersections. Drillhole From (m) To (m) Intersection (m) Cu % Au g/t Ag g/t Mo ppm Pb % Zn % (*) CuEq% Zone Mineral Host Rock CB-190 40.5 50.1 9.6 0.51 0.04 3.3 8 0.016 0.023 0.58 Mixed Porphyry/Skarn Including 45.0 50.1 5.1 0.80 0.06 4.9 10 0.026 0.030 0.91 Mixed Porphyry “ “ 111.5 117.1 5.7 0.44 0.05 4.5 194 0.004 0.016 0.61 Primary Skar...