Panoro Minerals (TSXV:PML) (Lima:PML) (Frankfurt:PZM) (“Panoro” or the “Company”) provides an update on the Company’s activities and plans. As quoted in the press release: Panoro’s investment focus over the next 12 months will be aimed at growing the Cotabambas project and enhancing the project economics. The Cotabambas Project Preliminary Economic Assessment (PEA) technical report contained … Continued
Panoro’s investment focus over the next 12 months will be aimed at growing the Cotabambas project and enhancing the project economics. The Cotabambas Project Preliminary Economic Assessment (PEA) technical report contained a number of recommendations to enhance and expand the project, including;
- Step-out drilling to expand the oxide copper resource and assessment of the potential to incorporate a heap leach SX/EW process into the project plan,
- Exploration drilling at the Maria Jose target to add near surface high grade mineralization to the mill feed, and
- Metallurgical testing to test for potential improvement in recoveries from all four mineralogical types in the current resource.
Panoro is planning 4,000 m of step-out drilling to the north side of the proposed North Pit into the Cochapata Target to test for additional copper oxide mineralization. The project includes approximately 31 million tonnes of oxide copper resource grading 0.53% Cu, 0.10 g/t Au and 1.60 g/t Ag.
Panoro is planning a geophysical program followed by 10,000 m of exploration drilling to test for high grade, near-surface mineralization at the Maria Jose Target… Several trenches were excavated and all showed mineralization and alteration. The best two are situated more or less end to end and exhibit an average of 1.02 per cent copper, 0.21 g/t gold, 4.75 g/t silver and 4.24 parts per million molybdenum over approximately 58 metres.