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Re: News Release - Monday,
December 03, 2007
Final Drilling
Permit for El Rosal received Field Work under way;
Commitment to
Drill in 2008
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Vancouver, B.C. and Lima, December 3,
2007. Panoro Minerals Ltd. (the
Company) is pleased to confirm that the
final permit document for a
seven hole drilling
program at its El Rosal Project has now been issued
by the Peruvian Ministry of Energy and
Mines.
The Company has commenced field work in preparations for a drilling
program with a daily crew of fifteen
men from the local community of La
Ramada and two geologists. All
together 95 people will be employed on a
rotational basis.
The work program for the immediate
future foresees the rehabilitation
and construction of access routes and
drill platforms. Some additional
in-fill geological mapping in specific
areas will also be carried out.
While the Company is still expecting a
proposal from a potential Joint
Venture partner for the El Rosal and La Ramada project, the Company is
committed to a drill program on the El
Rosal and La Ramada Project in
2008, subject to the availability of a
drill rig.
The El Rosal
property in Lambayeque and Cajamarca
Departments,
northwestern Peru, is a
porphyry Cu-Au prospect with related Cu-Zn-Ag
and Cu-Au skarn
mineralization. Panoro Minerals Ltd. has acquired a
100% clear interest in the property since
beginning work in 1998.
The project has two defined targets arising
from surface showings,
geochemical, geological
and geophysical work and a limited amount of
drilling on each target. The "El Rosal Target" is the most advanced,
having seen drilling of nine holes in
two campaigns (2000 and 2004),
which together with other data indicates
the presence at depth of a
copper porphyry (+ copper-zinc skarn) system of potentially large size.
The "La Ramada Target",
identified by geology, geochemistry,
geophysical surveys
and copper-gold showings, with four drill holes to
date, represents a potential second
system with large tonnage potential
and with the added attraction of a
significant gold component.
On behalf of the Board of
Panoro
Minerals Ltd.
Helmut H. Wober,
P.Eng.,
President 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, or send an
e-mail to 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) 2007 PANORO MINERALS LTD.
(PML) All rights reserved.
For more information visit our website
at http://www.panoro.com/ or
send mailto:info@panoro.com
Message sent on Mon Dec 3, 2007 at
9:57:24 AM Pacific Time
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