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Panoro Minerals Ltd V.PML

Alternate Symbol(s):  POROF

Panoro Minerals Ltd is a Canadian copper exploration company. The Company is principally engaged in the acquisition, exploration, and development of mineral properties in Peru. It is advancing its flagship Cotabambas Copper-Gold-Silver Project (the Cotabambas Project) located in the strategically important area of southern Peru. In addition to the Cotabambas Project, the Company retains a minority equity interest in the Antilla Copper Project plus a 2% net smelter return (NSR) royalty. The Company also owns a 2% NSR on the Kusiorcco Project operated by Hudbay Minerals as well as three early-stage exploration projects in Peru. Its Cotabambas project is a porphyry copper-gold-silver deposit, located 48 kilometers southwest of the city of Cusco, in the Apurimac region in Southern Peru. Its portfolio includes Humamantata Project and Kusiorcco Project. The Humamantata property is located in Southern Peru and covers an area of 3,600 hectares.


TSXV:PML - Post by User

Bullboard Posts
Post by Suntraderon Apr 09, 2010 9:24am
620 Views
Post# 16973400

Wow !

Wow !Goooood morning PML !

News out this morning looks great. $5 million cash injection and a JV partner that has experience building and operating mines in Peru.

"We are very pleased to announce this JV and are looking forward to working with Centauro," stated Luquman Shaheen, President & CEO of Panoro. "Centauro is a successful Peruvian mining company with a proven track record and the in-house ability to explore, develop and operate mines in Peru. Their experience and expertise will prove to be invaluable in developing Antilla into an operating mine. Our partnership is a great example of Canadian exploration and a Peruvian mining companies working together to develop an important mineral resource that will provide benefits to the local communities, the Peruvian Mining sector and to shareholders."



Bullboard Posts