Morosayhuas Project

The Morosayhuas property has one concession of 800 hectares. It belongs to the Pantipata community. It is located in the Chinchaypujio District, Anta Province, Department of Cusco. It is accessible by road that starts from Ancahuasi and connects the town of Pantipata with the following itinerary: Cusco - Ancahuasi, paved road 50 Km. Ancahuasi - Pantipata, road path 30 km, about 2 hours approximately.

The Morosayhuas project is a porphyry Cu, Au deposit.  The exploration plan includes mapping, rock chip geochemical sampling, geophysics (Mag-IP) and diamond drilling of 5 holes of 300 meters each.

Exploration Campaigns

Cordillera de la Minas, 2000 – 2008

The property was acquired by Cordillera de Las Minas (CDLM) in 2000.  CDLM carried out 1/10000 geological mapping, 48 rock chip samples, 18 sediment samples, 30.2km of IP were collected.

Panoro Minerals, 2008 - Present

To date, Panoro has undertaken some site visits.  Mineralization and alteration of the porphyry style have been identified in a relatively small area of 80x80 m on the surface with a pyrite halo of 150x300 m. Unidirectional areas of quartz-magnetite composition are reported in the areas of Llocllasca, Chacha and Chilcaccasa. The values that resulted from sampling for such areas in the first revisions are as follows:

Llocllasca:  0.21% Cu and 0.25 g/t Au

Chacha: 0.02% Cu and 0.49 g/t Au

Chilcaccasa: 0.19% Cu and 0.11 g/t Au

Luis Vela, P. Geo., Vice President of Exploration for Panoro and a "qualified person" under National Instrument 43-101, has reviewed and approved the scientific and technical information.

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