Panoro Minerals intersects 316.9 metres at 1.16% CuEq in Peru

Panoro Minerals (TSXV: PML; Lima: PML; Frankfurt: PZM; OTCQB: POROF) has announced the results of nine additional drill holes that will provide additional information for the new mineral resource estimation at the Cotabambas copper- silver-gold project in southern Peru.

The drill hole intersections include 371 metres of the porphyry stock hosting 316.9 metres of copper-gold mineralization averaging 0.72% copper, 0.50 g/t gold, and 4.01 g/t silver, or 1.16% copper-equivalent (CuEq). A second drill hole intersected 200 metres of porphyry stock in contact with the diorite host rock, hosting 198.6 metres of copper-gold mineralization grading 0.83% copper, 0.74 g/t gold, 3.80g/t silver, or 1.46% CuEq.

Panoro president and CEO Luquman Shaheen, said that this group of nine drill holes completes the 2022-23 campaign of infill and step-out drilling in both the north and south pits, and that the results indicate the potential for an increase in the high-grade component of the Cotabambas project’s resource and an important increase in the total project resource.

Panoro is now updating its mineral resource estimate for the project and has contracted AGP Mining Consultants of Toronto to complete the work. Results are expected in approximately two months.

For more information, visit www.Panoro.com.