The Company has identified a new copper porphyry with anomalous grades of copper, gold and silver at the
Four Target areas over the
The porphyries are made up of tonalite and monzonite composition, with the copper mineralization extending up to 100 m inside the diorite host rock and to the phyllic alteration, with the progressive appearance of the propylitic alteration. In the diorite domain the copper sulfides overprint an extended secondary biotite dissemination and fill sheeting quartz veinlets with K feldspar in early halo.
Targets 2 and 4 cover an area of 3 km x 3 km and are located to the south of Target 1. They include a group of ten hydrothermal breccias crosscutting the sedimentary sequences of the Velille and Hualhuany sandstones and the Ferrobamba limestones suggesting the high vertical continuity crosscutting over all the cretassic sequence in the area. The breccias have long structural control containing high silver anomalies with grades measured as high as 332 g/t Ag. The Breccias are exposed at surface with dimensions ranging from 150 m by 15 m to 750 m by 300 m.
A possible connection with a blind Cu-Au, Ag porphyry at depth and laterally is being evaluated. There are 8 other groups of hydrothermal breccias extending the mineral continuity an additional 4 km to the south of Target 3.
During September, a 24.3 km Induced Polarization survey was completed over Targets 1 and 4, complementing the 29.1 km completed over Target 2 from February to
The process to obtain the permits for the proposed exploration drilling program is being advanced in parallel with above outlined exploration works.
The exploration work at the
About Panoro
Panoro is a uniquely positioned
Panoro has completed strategic partnerships at four of its projects: Precious Metals Purchase Agreement with
These partnerships would provide, if all received,
At the
The PEAs are considered preliminary in nature and include Inferred Mineral Resources that are considered too speculative to have the economic considerations applied that would enable classification as Mineral Reserves. There is no certainty that the conclusions within the updated PEA will be realized. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
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Email: info@panoro.com
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