Panoro Minerals reports geophysical survey results at Target #7, where multiple high-grade skarn outcrops (S1, S2 and S3) have been mapped over a 4 km² area about 3.5 km west of the proposed North and South pits. The signatures suggest S2 may extend vertically to depths beyond 500 m along the Ferrobamba limestone contact, with width increasing from 50 m at surface to over 200 m at depth. S1 and S3 show potential vertical continuity of over 250 m and 300 m, respectively, lower than S2. The company is completing 23 trenches of 100 m to 200 m and plans up to 17 drillholes of 300 m to 400 m, with drilling to start before year-end and funded from existing capital. CEO Luquman Shaheen said surface grades of up to 12% Cu could add materially to the mineral inventory at Cotabambas.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/26/2026 | 4,017.27 |
| Change that session | +0.54% |
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