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Panoro Minerals: Geophysical Survey at Cotabambas Identifying Porphyry and Skarn Potential at Cotabambas Project, Peru
VANCOUVER, British Columbia, March 12, 2019 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) ("Panoro", or the "Company") is plea
About this update from Panoro Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, March 12, 2019 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (\"Panoro\", or the \"Company\") is pleased to announce the completion of the 2019 geophysical survey at the Cotabambas Project. The completed program has yielded a number of principal advancements for the planning of the proposed drill program: Identified a large chargeability anomaly underlying porphyry mineralization exposed at surface, indicative of the potential for a new porphyry target at depth (see Figure 1); indicating the potential for skarn mineralization at depth where a high gravimetric zone is located in close proximity of the high chargeability anomaly and also in close proximity to the limestone formation exposed at surface corresponding to the outcroppings of skarn mineralization mapped at surface with high grades (see Figure 2); and High magnetics response over and to the sides of the zone of high chargeability, indicative skarn mineralization potential at the contact between a potential porphyry and the limestone unit. Luquman Shaheen, President & CEO of Panoro states, “The results of the 3-D interpretation of the geophysical survey are demonstrating some interesting growth and scale potential for the Cotabambas Project. Both, or either of, the Porphyry and Skarn potential at Zone 1 of the Chaupec Target could yield important enhancements to the scale, grade profile and mine life for the current plan for the Cotabambas Project. We are hopeful that this potential will be further delineated with the drill program to commence immediately.” The detailed ground geophysics testwork was completed at the Chaupec Target, in Cluster 2 of the Cotabambas Project. The survey covered an area of 0.5 km by 1.0 km and focussed on the northern extreme of Zone 1. The area covered by the geophysical program encompassed only a portion of the approximately 3 km long zone of outcropped skarn and porphyry mineralization at the Chaupec Target of Cluster 2. Magnetometry, IP and Gravimetry surveys were completed by Deep Sounding EIRL of Lima, Peru. The area tested contains surface exposures of Skarn bodies of garnets and piroxenes intercalated with narrow porphyry dikes of quartz monzonite composition hosting copper minerals such as chalcocite, covellite, chalcopyrite, bornite and...