Panoro Minerals Gives Third Quarter Update, Highlights Private Placement

Panoro Minerals (TSXV:PML) released its third quarter results on Wednesday highlighting the completion of a bought deal and private placement in July, raising $5.9 million. The company also highlighted the start of a preliminary economic assesments on both its Cotabambas and Antilla project in Peru this summer.

According to the press release:

Earlier this summer, the Company commissioned Preliminary Economic Assessments (PEA) of the Cotabambas Cu/Au/Ag Project and the Antilla Cu/Mo Project, each located in Southern Peru. Both studies are advancing with the recent completion of the process design, infrastructure engineering and mine plans that will lead to economic models for both projects. The PEA’s are being carried out by independent engineering firms with significant input and direction from the Company and its advisors and are nearing completion.

Click here to read the Panoro Minerals Limited (TSXV:PML) press release