Panoro Minerals Ltd. - El Rosal Project

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El Rosal Cu-Zn Skarn

This was the first exploration project of the company and has seen drilling of nine holes in two campaigns in 2000 and 2004, which together with other data indicates the presence at depth of a porphyry (+ skarn) system. Panoro's conclusion has been that this project requires a substantial amount of deep drilling to fully test its potential and before a discovery can be made. In consideration of Panoro's current resources and priorities, the Company has decided that to seek a financially and technically strong joint venture partner for this project is the best option for this project at this stage.

View 43-101 Technical Report (PDF, 11.2 Mb)

La Ramada Polymetallic (Ag-Zn-Pb)

The silver-rich zinc-lead deposit is a carbonate replacement deposit (CRD) similar to deposits in Central Peru. It was intercepted approximately 200 meters of a porphyry copper mineralized intrusive. Both the CRD and the porphyry copper mineralization were discovered during the 2008 exploration program.

The CRD consists primarily of pyrite-sphalerite and minor galena and chalcopyrite that occur as veinlets, disseminations, and semi-massive to massive aggregates. The best intercepts range from 0.5m to 34.65m stacked roughly 20m apart starting from 208m from the surface. It has a cumulative thickness of 54.87m averaging 55.44g/t Ag, 3.95% Zn, 0.26% Pb with an 8.47m high grade zone averaging 111.54g/t Ag and 5.31% Zn.

The porphyry copper represents a separate exploration target. It is associated with pervasively quartz-sericite-pyrite altered with abundant quartz veinlets stockworks with grade of up to 0.42%Cu.