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Panoro Minerals Drills 61.4 Metres of 0.38% Copper at Cotabambas Project
VANCOUVER, British Columbia, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) ("Panoro", the "Company") is pleased t
About this update from Panoro Minerals Ltd.
[{"type":"text","content":"VANCOUVER, British Columbia, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (\"Panoro\", the \"Company\") is pleased to provide an update of its exploration drill program at its 100% owned Cotabambas Cu/Au/Ag Project in Peru. Highlights are as follows: Petra-David Target, Drillhole CB-171 intercepted a quartz monzonite porphyry from surface to 19.0 m with oxide copper mineralization grading 0.35% Cu, 0.09 g/t Au and 2.7 g/t Ag, including 10.8 m averaging 0.44% Cu, 0.12 g/t Au and 2.8 g/t Ag, underlain by a second blanket from 40.8 m to 90.1 m of oxide copper mineralization grading 0.24% Cu, 0.07 g/t Au and 1.7 g/t Ag, including 30.2 m averaging 0.32% Cu, 0.09 g/t Au and 2.2 g/t Ag, and 12.2 m grading 0.40% Cu, 0.09 g/t Au and 3.2 g/t Ag. Petra-David Target, Drillhole CB-173 intersected from 6.6 m to 68.0 m oxide copper mineralization within a quartz monzonite porphyry with grades averaging 0.38% Cu, 0.10 g/t Au and 4.9 g/t Ag, including 27.1 m grading 0.58% Cu, 0.14 g/t Au and 2.9 g/t Ag. Maria Jose Target, Drillhole CB-165 intersected from 4.5 m to 17.7 m a oxide copper mineralization within an andesite volcanic package averaging 0.41% Cu, 0.06 g/t Au and 2.3 g/t Au, underlain by 2.7 m of mixed copper mineralization grading 1.03% Cu, 0.11 Au g/t, 6.8 Ag g/t, and underlain also by three intervals of primary copper mineralization between 18.2 m to 93.0 m depth grading between 0.24% Cu to 0.78% Cu, 0.03 g/t Au to 0.12 g/t Au, and 1.3 g/t Ag to 2.7 g/t Ag. “The multiple exploration targets at the Cotabambas Project are yielding results which reinforce Panoro’s belief in the project’s growth potential,” commented Luquman Shaheen, President and CEO of Panoro. “The first drill holes at the Petra-David Target have intersected near surface oxide mineralization. Additional drill holes at Maria Jose continue to intersect mineralization with high grade intervals. Additional drilling at these targets continues. The Cateo-Puente drill holes indicate potential for additional mineralization in this area also. These targets, together with the Breccia Target, are located over an area of approximately 2 km by 2 km to the north side of the current resource limits and along the northeast-southwest local faulting. We remain focused on continuing to demonstr...