# Panoro Announces Funded 2026 Drilling Program for Cotabambas Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517 Original source: https://money.tmx.com/en/quote/PML/news/6559567377909005/panoro-announces-funded-2026-drilling-program-for-cotabambas-project Publisher: tmx Original announcement: 2026-03-02T14:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Panoro Minerals Ltd. - Ticker: PML - Exchange: TSX - Region: Peru - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Resource update, Capital raise - Extracted: 2026-08-22 06:42:23 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Panoro Minerals has announced a funded 15,000-metre drilling program for its Cotabambas Project in Peru, focusing on infill, step-out, and exploration drilling. The company also detailed its 1.0 billion tonne mineral resource and recent successful capital raising activities totaling approximately $17.3 million. Reasoning: The company announced a funded 15,000m drilling program and provided a detailed breakdown of its existing 1.0 billion tonne resource, including high-grade components. - Positive factor: significant resource scale - Positive factor: funded drilling program - Positive factor: successful capital raises Facts used in scoring: 12 ## Classification and evidence **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Luis Vela, P.Geo., is named as the Qualified Person. Evidence · text > reviewed and approved by Luis Vela, P.Geo., Vice President, Exploration, a "Qualified Person" under NI 43-101. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category. Evidence · text > comprises both Indicated and Inferred categories ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Resource Estimates (12) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-0) copper #### Identity - Commodity: copper - Ticker: PML #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.34 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Indicated portion of the total resource. Evidence · text > 507.3 million tonnes at 0.34% Cu ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: PML #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Indicated portion of the total resource. Evidence · text > 0.20 g/t Au ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-2) silver #### Identity - Commodity: silver - Ticker: PML #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 2.42 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Indicated portion of the total resource. Evidence · text > 2.42 g/t Ag ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-3) copper #### Identity - Commodity: copper - Ticker: PML #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.27 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Inferred portion of the total resource. Evidence · text > 496.0 million tonnes @ 0.27% Cu ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-4) gold #### Identity - Commodity: gold - Ticker: PML #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.17 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Inferred portion of the total resource. Evidence · text > 0.17 g/t Au ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-5) silver #### Identity - Commodity: silver - Ticker: PML #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 2.53 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Inferred portion of the total resource. Evidence · text > 2.53 g/t Ag ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-6) copper #### Identity - Commodity: copper - Ticker: PML #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 1.29 - Grade Unit: % CuEq - Contained Metal: 2000000000 - Contained Unit: lbs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: High-grade indicated component. - Positive factor: High-grade component Evidence · text > Indicated Mineral Resource totals of 129.0 million tonnes grading 1.29% CuEq ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-7) gold #### Identity - Commodity: gold - Ticker: PML #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 1.07 - Grade Unit: g/t AuEq - Contained Metal: 1800000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: High-grade indicated component. - Positive factor: High-grade component Evidence · text > 1.07 g/t AuEq, containing approximately 2.0 billion pounds of copper, 1.8 million ounces of gold, and 17.1 million ounces of silver. ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-8) silver #### Identity - Commodity: silver - Ticker: PML #### Resource Data - Category: indicated - Tonnes: 129000000 - Contained Metal: 17100000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: High-grade indicated component. - Positive factor: High-grade component Evidence · text > 17.1 million ounces of silver. ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-9) copper #### Identity - Commodity: copper - Ticker: PML #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 1.17 - Grade Unit: % CuEq - Contained Metal: 1200000000 - Contained Unit: lbs #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: High-grade inferred component. - Positive factor: High-grade component Evidence · text > high-grade component of the Inferred Mineral Resource is estimated at 93.1 million tonnes grading 1.17% CuEq ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-10) gold #### Identity - Commodity: gold - Ticker: PML #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 0.97 - Grade Unit: g/t AuEq - Contained Metal: 1200000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: High-grade inferred component. - Positive factor: High-grade component Evidence · text > 0.97 g/t AuEq, containing approximately 1.2 billion pounds of copper, 1.2 million ounces of gold, and 15.9 million ounces of silver. ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-announces-funded-2026-drilling-program-for-cotabambas-project--eba25aa7-ddf7-428d-8d50-463183e35517#fact-resource-facts-11) silver #### Identity - Commodity: silver - Ticker: PML #### Resource Data - Category: inferred - Tonnes: 93100000 - Contained Metal: 15900000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: High-grade inferred component. - Positive factor: High-grade component Evidence · text > 15.9 million ounces of silver. ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.