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Re: News Release - Wednesday, June 25, 2008
Panoro Acquires Additional Mineral Concessions at El Rosal
Project, Peru
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Vancouver, B.C. and Lima, June 25, 2008. Panoro Minerals Ltd. (the
"Company") announces that it has acquired three additional mineral
concessions at its El Rosal Project in Northern Peru. The three
concessions are located to the east side of the existing nine
concessions held by the company. With the acquisition of these
concessions the total land package held by the company at El Rosal
increases by 2,500 hectares to 8,200 hectares.
On June 11, 2008, the company announced the intersection of numerous
mineralized intervals in borehole RA08B-08, the best of which consisted
of an 8.47 metre drill intersection grading 5.31% zinc and 111.6 g/t
silver. Mineralization is thought to be of carbonate replacement
style, similar to other significant base metal mining districts in
Peru.
In addition to the zinc and silver mineralization, the style of
alteration and mineralization encountered in holes RA07A-08 and
RA07B-08, characterized by the presence of stockworks of quartz
veinlets in quartz-sericite-pyrite altered diorite with minor
chalcopyrite mineralization, indicates the presence of the targeted
porphyry copper system.
Fred Tejada, P.Geo., the Company's VP-Exploration and the Qualified
Person for this project, is preparing a report that will include
recommendations for the next phase of exploration in the La Papaya area
to better define the extent of the porphyry copper system as well as
the zinc-silver mineralization.
At the Company's Antilla project in Southern Peru, drilling is
advancing well with three drill rigs in operation. As of June 19, 2008,
12 boreholes had been completed for a total of 2,038 m in the East
Block. The current exploration program at Antilla incorporates 37
boreholes in the east Block with an additional 10 boreholes in the West
Block and Central Block. The Antilla project, 7,400 hectares, is in an
advanced exploration stage with a geologic potential in the range of
135 million tonnes, at grades ranging from 0.61% to 0.75% copper.
The reader is cautioned that the potential quantity and grade of
Exploration Targets as described in this release is conceptual in
nature, that there has been insufficient exploration to date to define
a mineral resource and that it is uncertain if further exploration will
result in the target being delineated as a mineral resource.
On behalf of the Board of Panoro Minerals Ltd.,
Luquman Shaheen, M.B.A., P.Eng., P.E.
President, CEO and Director
ABOUT PANORO
Panoro Minerals Ltd. is a Canadian mineral exploration company trading
on the TSX Venture Exchange (PML) and on the Frankfurt Stock Exchange
(PZM, WKN 914959) and on the Junior Board of the Lima Exchange.
Panoro's strategic focus is on exploring for large-potential gold and
copper/gold deposits in countries with the corresponding geological
potential and where the right political and economic conditions are
present. For investor inquiries please call 604-684-4246, e-mail
info@panoro.com or visit the company's website at www.panoro.com
This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.
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Copyright (c) 2008 PANORO MINERALS LTD. (PML) All rights reserved.
For more information visit our website at http://www.panoro.com/ or
send mailto:info@panoro.com
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