The Cotabambas project is located 48 km southwest of the City of Cusco in the Apurimac Region of Southern Peru. The centre of the area of interest for the project is located at UTM coordinates 8,480, 500N and 785,500 E. The project is accessed via the main Cusco to Nazca highway and the unpaved main access road to the town of Cotabambas. The project was acquired by Panoro in 2007 and is 100% owned by the Company.
The Cotabambas project contains an estimated resource of 90 million tonnes within the Ccalla Porphyry with an average Copper grade of 0.77% and an average Gold grade of 0.42 g/t applying a cut-off grade of 0.4% Copper. The resource estimate was carried out by SRK Consulting and the details are available at see the link
www.panoro.com/i/pdf/PanoroApurimac43-101.pdf.
Further exploration work at the Cotabambas project is being planned to upgrade and expand the mineral resource estimate. An infill drilling program is planned to increase the resource classification and tonnage. A number of other geologic targets clustered around the Ccalla Porphyry have been targeted for more detailed exploration in the future.
View Panoro Apurimac 43-101 Technical Report (PDF, 12.4 Mb)
Maps

Cotabambas Exploration Map Related to Press Release Dec 6, 2011click to enlarge

Exploration/Expansion Targetsclick to enlarge

Geology-DH Location Mapclick to enlarge
Section 11E DH & Block Model
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Geological Section 10E
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Geological Section 5W
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Geological Section 8E
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Photo Gallery
View of project site, CB 36 is the blue spot close to the middle of the photoclick to enlarge
Setting Drill Rig at CB-36click to enlarge
CB-36 Drill Site looking NEclick to enlarge
CB-37 Drill Site looking NWclick to enlarge
Core logging and sampling photos and SG Facilitiesclick to enlarge
During drill rig move to CB-36click to enlarge
Hauling drill rods to CB-36click to enlarge
CB 38 Drill Siteclick to enlarge
During the visit of Sr. management team at CB 36 : From left: L. Shaheen, Y. Barsimantov, C.Pilon, F.Tejadaclick to enlarge
Hauling core from CB 38click to enlarge
Hauling empty core boxes to the drill siteclick to enlarge