https://money.tmx.com/en/quote/PML/news/4508860365519207/Panoro_Minerals_Intersects_260_m_at_090_Cueq_Cotabambas_Project_Peru
Panoro Minerals Ltd. (TSXV: PML) (Lima: PML) (Frankfurt: PZM) (OTCQB: POROF) ("Panoro", the "Company") is pleased to announce results of four additional drill holes from its 16,970 m drill program, the aim of which is to expand the high-grade resource and upgrade inferred to indicated resources at the Company's Cotabambas Cu/Au/Ag Project in southern Peru .
Hole CB-198 confirms the high-grade continuity between the previous holes CB-23 and CB-195, intersecting a 260 m length of primary copper sulfide mineralization averaging 0.43% Cu, 0.61 g/t Au and 2.72 g/t, Ag (0.90% Cueq), related to a porphyry stock of quartz monzonite composition intruding the diorite host rock, Figure 1 . The intersection includes 130.4 m averaging 0.58% Cu, 0.95 g/t Au and 3.41 g/t, Ag (1.31 % Cueq)
"Drillhole CB-198 delineates the high-grade core contained within the South Pit to approximately 350 m depth, to the bottom of the pit shell defined in the PEA mine plan and indicates continuity to a depth of over 500m to the pit shell constraining the global resource. The high-grade continuity indicates the potential to replace lower grade resource within the mine plan with higher grades including in the early part of the mine plan. This will result in important upsides to the prefeasibility study.", stated Luquman Shaheen, President & CEO.