New Resource Estimate Shows 3.75 Billion Pounds of Copper at Panoro’s Peru Project

Panoro Minerals Ltd. (TSXV:PML) announced that a mineral resource estimate for its Peru-based Cotabambas project revealed an increase in copper to 3.75 billion pounds. Gold went up to 3 million ounces and silver increased to 36.9 million ounces.

According to the press release, highlights include:

• Base Case Inferred mineral resource estimate of 404.1 Mt at 0.42% Cu, 0.23 g/t Au and 2.84 g/t Ag at a cut-off of 0.20 % CuEq within a Mineral Resource Pit Shell
• High Grade Pit Shell within the Mineral Resource Pit Shell containing 199.8 Mt of Inferred Mineral Resources at 0.54% Cu, 0.30 g/t Au and 3.19 g/t Ag at a cut-off of 0.40% CuEq
• Excellent preliminary metallurgical recoveries of 87% Cu, 62% Au and 60% Ag into a clean concentrate grading 27% Cu, 11.9 g/t Au and 152 g/t Ag
• Potential to significantly increase resource tonnage and maintain grade on the basis of strong porphyry mineralization east of the stated base-case mineral resource estimate area, and at least partially within the current conceptual pit shell

Click here to read the full Panoro Minerals Ltd. (TSXV:PML) press release.