Panoro Minerals continues to intersect good copper-gold contents in the copper-gold-silver project in Peru Cotabambas

 

Panoro Minerals continues to intersect good copper-gold contents in the copper-gold-silver project in Peru Cotabambas

Vancouver (British Columbia), 20. January 2014. Panora Minerals Ltd.. (TSX-V: PML, Lime: PML, Frankfurt: ASN) ("PANORO" or the "Company") is pleased, Further examination of the results to 100 To announce percent of the Company's porphyry copper-gold-silver project in southern Peru Cotabambas. The drilling results include exploration, Failure- and infill holes on the East, North, Northwest- and south-eastern side of the deposit Ccalla. The highlights are as follows:

• Borehole CB-149 average 69,5 Meters of a primary copper mineralization at a grade of 0,79 % copper, 0,29 g / t gold and 7,82 g / t silver above a second portion of 39,5 Meters with an average of 0,96 % copper, 0,31 g / t gold and 7,47 g / t silver, and a third portion of 78,2 Meters at a grade of 0,63 % copper, 0,40 g / t gold and 4,83 g / t silver.

• Borehole CB-143 average 47,5 Meters of a primary copper mineralization at a grade of 0,80 % copper, 0,40 g / t gold and 5,19 g / t silver above a second portion of 13,8 Meters of a primary copper mineralization with an average of 0,91 % copper, 0,61 g / t gold and 4,55 g / t silver.

• Borehole CB-147 average 37,7 Meters of a primary copper mineralization at a grade of 0,68 % copper, 0,39 g / t gold and 4,97 g / t silver, including 22,3 Meters with an average of 0,90 % copper, 0,51 g / t gold and 6,14 g / t silver above a second portion of 118,7 Meters of a primary copper mineralization with an average of 0,35 % copper, 0,17 g / t gold and 2,5 g / t silver, including 27,9 Meters at a grade of 0,59 % copper, 0,35 g / t gold and 4,63 g / t silver.

The following table shows the significant sections are presented in detail:

To view the entire press release, please follow the link:

http://www.irw-press.com/dokumente/PanoroMinerals_210114_Deutsch.pdf

Explorationsbohrlöcher

Hole CB-141 was in the target area Ccalla East, 80 Meters southwest of previously reported drill hole CB-127 drilled. The primary copper mineralization was between 365,8 and 381,7 Meters grading 0,21 % copper, 0,09 g / t gold and 2,03 g / t silver cut. The upper portion of the wellbore, between 128 and 307 Meter, intersected several intervals of disseminated primary copper mineralization with grades of 0,10 to 0,20 % copper, indicating, that the mineralization to the east is still open.

Hole CB-142 was in the deposit area Ccalla, 150 Meters northwest of previously reported drill hole CB-128 and 100 Meters north of previously reported drill hole CB-124 drilled. The primary copper oxide mineralization was between 43,4 and 26,0 Meters grading 0,21 % copper, 0,07 g / t gold and 1,38 g / t silver cut. In greater depth, a mixed copper mineralization of 20 Meters with an average of 0,22 % copper, 0,04 g / t gold and 1,9 g / t silver cut.

Hole CB-143 was at the southeastern extent of the deposit Ccalla, 120 Meters southwest of previously reported drill hole CB-45 and 200 Meters southeast of previously reported drill hole CB-140 drilled. The hole intersected several sections of a primary copper mineralization, including 53,0 Meters at a grade of 0,33 % copper, 0,08 g / t gold and 1,75 g / t silver, 106,4 Meters at a grade of 0,28 % copper, 0,12 g / t gold and 1,98 g / t silver, 47,5 Meters with an average of 0,80 % copper, 0,40 g / t gold and 5,19 g / t silver and 13,8 Meters at a grade of 0,91 % copper, 0,61 g / t gold and 4,55 g / t silver. These sections confirm, that the high-grade zones are still open to the south, and point to the potential for resource expansion in the direction of the area by means of further drilling.

Hole was CB-145 50 Meters southeast of the borehole CB-143 and 230 Meters east of previously reported drill hole CB-57 drilled. Between 118,0 and 227,5 Meters were intersected three sections of an enriched chalcocite mineralization, including 41,4 Meters at a grade of 0,37 % copper, 0,09 g / t gold and 1,14 g / t silver, 8,2 Meters at a grade of 0,54 % copper, 0,24 g / t gold and 3,18 g / t silver and 9,1 Meters at a grade of 0,58 % copper, 0,18 g / t gold and 3,16 g / t silver. In the depths were three more sections of a primary copper mineralization with grades of 0,15 to 0,55 % Copper and 0,001 to 0,0115 % Intersected molybdenum. These results also confirm, that the high-grade mineralization is south and southeast of the deposit remains open Ccalla.

Hole CB-146 was on the same platform as the borehole CB-145, However, drilled in the opposite direction, to explore the south-west continuity of the deposit Ccalla East. It intersected propylitisch-altered Dioritintrusionsgestein, However, the values ​​showed no significant.

Infill holes

Hole CB-147 was at the deposit Ccalla, 60 Meters or northeast. 100 CB-38 and CB-48 drilled meters southwest of previously reported drill holes. Between 198,6 and 236,3 Meters were 37,7 Meters of a primary copper mineralization at a grade of 0,68 % copper, 0,39 g / t gold and 4,97 g / t silver, including 22,3 Meters at a grade of 0,90 % copper, 0,51 g / t gold and 6,14 g / t silver cut. A second portion of a primary copper mineralization of 118,7 Meters at a grade of 0,35 % copper, 0,17 g / t gold and 2,5 g / t silver was intersected at depth. This included 27,9 Meters at a grade of 0,59 % copper, 0,35 g / t gold and 4,63 g / t silver.

Hole CB-148 was in the target area Ccalla, 100 Meters southeast of previously reported drill hole CB-38 drilled. Between 292,4 and 430,1 Meters was a primary copper mineralization of 137,7 Meters at a grade of 0,55 % copper, 0,22 g / t gold and 3,6 g / t silver, including sections of 47 Meters at a grade of 0,68 % copper, 0,18 g / t gold and 3,53 g / t silver or. of 24 Meters at a grade of 0,81 % copper, 0,43 g / t gold and 5,92 g / t silver, intersected. In the depth of two more sections of a primary mineralization were intersected. The results confirm, that the copper mineralization at relatively high levels in some areas of the deposit at depth is open.

Hole CB-149 was at the deposit Ccalla on the same line and between the previously reported drill holes CB-01 and CB-25 drilled. In the vicinity of some sections were cut with a relatively low-grade supergene mineralization. These are located above several sections of a primary copper mineralization, such as 69,5 Meters at a grade of 0,79 % copper, 0,29 g / t gold and 7,82 g / t silver, 39,5 Meters at a grade of 0,96 % copper, 0,31 g / t gold and 7,47 g / t silver and 78,2 Meters at a grade of 0,63 % copper, 0,40 g / t gold and 4,83 g / t silver.

Hole CB-150 was at the deposit Ccalla, 50 CB-149 and between the previously reported drill holes CB-112 and CB-138 drilled meters northeast of hole. At a depth of 104,3 to 420,3 Meters were intersected seven sections of a primary copper mineralization with relatively high levels. Three of the most important sections amounted to yourself 26,9 Meters at a grade of 0,76 % copper, 0,71 g / t gold and 3,34 g / t silver, 17,4 Meters with an average of 0,82 % copper, 0,75 g / t gold and 3,15 g / t silver and 65,0 Meters with an average of 0,70 % copper, 0,29 g / t gold and 4,11 g / t silver.

A map showing the locations of the drill holes can be found on the website of Panoro at www.panoro.com. One drill rig is still on location in use, and a systematic rock geochemical investigation in the context of the current resource is still in progress.

A preliminary economic assessment for the projects Cotabambas and Antilla intended to July 2014 be created.

Über Panoro

The strategic focus of Panoro is to promote the feasibility- and development phases in the Company's advanced projects and the exploration of its other projects. The company has the copper-gold project Cotabambas and the copper-molybdenum project Antilla, both of which are at an advanced stage and host the following resources derived:

Cotabambas: Indicated resource of 117,1 Mt at a grade of 0,42 % copper, 0,23 g/t Gold, 2,74 g / t silver and 0,001 % Molybdenum at a cutoff grade of 0,2 % Copper equivalent
Inferred Resource of 605,3 Mt at a grade of 0,31 % copper, 0,17 g/t Gold, 2,33 g / t silver and 0,002 % Molybdenum at a cutoff grade of 0,2 % Copper equivalent
(Tetra Tech, 2013)

Antilla: Indicated resource of 188,5 Mt at a grade of 0,40% Copper and 0,009 % Molybdenum at a cutoff grade of 0,2 % Copper equivalent
Inferred Resource of 145,9 Mt at a grade of 0,28 % Copper and 0,009 % Molybdenum at a cutoff grade of 0,2 % Copper equivalent
(Tetra Tech, 2013)

Panoro is in a good position, further to the exploration of the projects Antilla and Cotabambas. The company has a cash position of eleven million $, of the implementation of further infill- will enable and exploration drilling and preliminary economic assessments in preparation for feasibility studies of two projects.

Panoro's comprehensive portfolio of concession areas is concentrated in the southeastern region of Peru. This region is home to a number of significant copper- and copper-gold deposits, including copper projects Las Bamba and Antapaccay and copper mine Tintaya Glencore / Xstrata. Im September 2010 Xstrata announced an investment of 5,2 Billion U.S. $ in the development of Las Bamba. The copper project Antapaccay is in operation. The region also hosts the copper project Haquira of First Quantum Minerals, das Kupferprojekt Certainty von HudBay Minerals, the Copper Project Los Chanca of Southern Copper and project Trapiche Buenaventura. The Constancia project is currently being constructed and is 2014 go into operation.

Luis Vela (P.Geo.) In his function as a Qualified Person as defined by National Instrument 43-101 the scientific and technical information reviewed and approved this press release.

Im Namen von Panora December Board of Directors Minerals Ltd..

Luquman Shaheen, M.B.A., P.Eng., P.E.
President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Panora Minerals Ltd..
Luquman Shaheen, President und CEO
Tel.: 604.684.4246
Fax: 604.684.4200
E-Mail: info@panoro.com
Website: www.panoro.com

Renmark Financial Communications Inc.
Barbara Komorowski: bkomorowski@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020 www.renmarkfinancial.com

This press release was prepared by management of the company, who takes full responsibility for its content. The TSX Venture Exchange nor its Regulation Services Provider (according to the definition of the term in the policies of the TSX Venture) assume no responsibility for the adequacy or accuracy of this release.

For the correctness of the translation is any liability assumed! Please note original English message!

Those: IRW-Press.com.

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