Panoro Minerals Intersects 128.9 Meters Grading 1.29 % Cu, 0.96 g/t Au and 9.4 g/t Ag at the Cotabambas Cu/Au/Ag Project, Peru

About this update from Panoro Minerals Ltd.

[{"type":"text","content":"\n\n\nVANCOUVER, July 15, 2013 /CNW Telbec/ - Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frankfurt: PZM) (\"Panoro\", the \"Company\")\n Panoro is pleased to report additional assay results from its 100%\n owned Cotabambas porphyry copper-gold-silver project located in\n southern Peru. Highlights are as follows:\n\n\nDrillhole CB-139 intersected 128.9m of primary copper mineralization\n grading 1.29% Cu, 0.96g/t Au and 9.4g/t Ag including 59.7m averaging\n 1.64%Cu, 1.30g/t Au and 10.3 g/t Ag, underlain by a second interval of\n 198.6m of primary copper mineralization grading 0.48% Cu, 0.24g/t Au\n and 4.7g/t Ag, including 48.0m grading 0.82%Cu, 0.41 g/t Au and 8.3 g/t\n Ag.\n\n\nDrillhole CB-138 intersected 55.7m of primary copper mineralization\n grading 0.93%Cu, 0.74 g/t Au, 6.5g/t Ag, underlain by another interval\n of 67.4m averaging 0.61% Cu, 0.33g/t Au, 4.1g/t Ag, including 46.0m\n grading 0.79% Cu, 0.46g/t Au and 4.9g/t Ag.\n\n\nDrillhole CB-120 intersected 46.8m of copper oxide mineralization\n grading 0.89% Cu, 0.07g/t Au and 0.9 g/t Ag in a broader interval of\n 155.3m averaging 0.60% Cu, 0.06g/t Au and 1.0 g/t Ag.\n\n\nHigh-grade oxide mineralization intersected at or near surface to the\n north of the Ccalla zone indicate the potential to continue expanding\n the high-grade oxide resource to the north. Drilling to both the west\n and east sides of the Ccalla deposit has intersected new oxide,\n supergene and primary mineralization both within and beyond the\n existing pit shell limit as defined by AMEC and published in a\n September 2012 release. High-grade zones of primary copper\n mineralization were intersected in both the southwestern and eastern\n areas of the Ccalla deposit. In many places, this additional\n mineralization has potential to add to the resource base and/or\n re-classify material currently classified in the model as waste to\n resource.\n\n\n\"The results of drilling continue to reinforce management's belief in\n the significant expansion potential of the Ccalla Deposit\", commented\n Luquman Shaheen, President and CEO. \"The current Inferred resource at\n the Cotabambas Project includes 404.1 million tonnes @ 0.42% Cu,\n 0.23g/t Au and 2.84g/t Ag at a 0.2% CuEq cut-off and was based on drill\n holes CB-01 to CB-64.  Since then, the company has completed drill\n holes CB-65 to CB-140 in a ...

More updates from Panoro Minerals Ltd.