Panoro’s mapping and sampling work at the Chaupec target in 2018 is delineating sixteen anomalies within the three zones of mineralization.
Panoro Minerals (TSXV:PML) has announced results of the exploration work at zones 1, 2 and 3 of the Chaupec target in Peru. The Chaupec Target is a copper, gold and silver skarn and porphyry target area located at the Cotabambas copper and gold project.
According to the release, Panoro’s mapping and sampling work at the Chaupec target in 2018 is delineating sixteen anomalies within the three zones of mineralization. The anomalies in zones 1 and 2 are in skarn mineralization with grades at surface of up to 1.65 percent copper in zone 1 and up to 0.59 percent copper in zone 2. The anomalies in zone 3 are within quartz monzonite porphyry mineralization with grades of up to 0.67 percent copper.
President and CEO of Panoro, Luquman Shaheen said:
“The geologic work being completed at the Chaupec target is further delineating the potential for high grade near-surface mineralization at the Cotabambas project. This potential presents the opportunity for important enhancements to the project design and economics.
In addition, the possible porphyry body underlying the near surface high grade anomalies is further expanding the project growth potential. The expanded area of the EIAsd, recently approved by the Peruvian Ministry of Energy and Mines, includes the Chaupec target.
The company expects to be ready to commence the first drilling at the Chaupec Target as soon as the mapping, sampling and detailed geophysics is completed.”