Panoro launches 2026 drill program at Cotabambas
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2026) - Panoro Minerals Ltd. (TSXV: PML) (BVL: PML) (FSE: PZM) (OTCQB: POROF) ("Panoro" or the "Company") is pleased to announce the mobilization of drilling and the start of its fully funded 2026 drill program at the Company's flagship Cotabambas Copper Gold Silver Project in Peru. The 2026 drill program is designed to build on the strong results from previous high-grade drilling and to advance the Company's High-Grade Strategy, which targets a capital efficient, short payback development scenario while preserving long-term growth optionality. The 2026 exploration program, comprising 15,000 metres of diamond drilling, will start with an initial 5,000 metres to grow the South Pit through the addition of new or expanded high-grade mineralization in the inferred or indicated category.
The drill program will be expanded, adding additional drill rigs as needed, to include 5,000 metres of infill drilling at the North Pit, to upgrade high-grade mineralization from Inferred and Indicated category to Measured category. Furthermore, 5,000 metres of exploration drilling will be carried out at Target 7 and Target 13, two clustered skarn and porphyry targets located between 1 and 3 kilometres to the west of the current resource limits, to test and the district scale resource and high-grade potential. The Company's President & CEO, Luquman Shaheen, commented: "The mobilization and start of drilling at the South Pit is yet another key milestone for Panoro in 2026.
This program is focused on expanding and upgrading the project's high-grade copper, gold and silver mineralization, which we believe underpins a unique and capital efficient development pathway for Cotabambas. The South Pit hosts multiple, wide, high-grade intercepts with excellent continuity, and this phase of drilling is designed to build on that success while advancing our High-Grade Strategy." The program, designed to expand and upgrade the high-grade comp