Panoro Minerals Reports High-Grade Skarn Mineralization Outcrops at Cotabambas in Peru

04:48 PM EDT, 10/27/2026 (MT Newswires) -- Panoro Minerals (PML.V) after trade Tuesday reported geophysical survey results at Target #7 in Peru, where three high-grade skarn mineralization zones (S1, S2 and S3) have been identified at the surface across a four-square-kilometer area. Cotabambas is a copper, gold and silver project. The survey results suggest that the S2 skarn zone could extend to depths of more than 500 meters along the contact with the Ferrobamba limestone unit. Its width may also increase from 50 meters at the surface to more than 200 meters at depth. S2 is part of a one-kilometer-long skarn corridor that may extend farther north, the company said. Panoro added that it is currently conducting trenching and additional sampling to determine the extent of mineralization in the S1, S2, and S3 zones. Once trenching and sampling are complete, the company plans to conduct a drilling program to test the mineralization extensions along strike and at depth. The program is expected to include up to 17 drill holes, each measuring 300 meters to 400 meters in length, across all three skarn corridors. "Drilling will commence prior to the end of year and is funded from existing capital," the company added. Shares of Panoro Minerals closed up 5.4% at CA$1.37 on the TSX Venture Exchange.