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Palamina Corp V.PA

Alternate Symbol(s):  PLMNF

Palamina Corp. is a Canada-based gold exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. The Company’s projects include Usicayos Gold Project, Panorama Gold Project, Cristel Gold Project, Yin Gold Project, Bendi Gold Project, Cori Gold Project and Inca Gold Project. The Usicayos Gold Project is located near the town of Usicayos and holds title to over 11,012 hectares of mineral concessions. It owns the mineral rights to over 2,400 hectares at the Panorama Gold Project. The Cristel Project consists of 3,000 hectares of mineral rights and sits southeast of Minera IRL’s Ollachea gold deposit and northwest of its Usicayos Gold Project. It holds title to 5,295 hectares covering the Bendi Project, located to the northeast of the Usicayos Gold Project. It also has over 6,801 hectares at the Cori Gold Project. It also holds a 15.4% equity interest in Winshear Gold Corp. and a 2% net smelter return (NSR) royalty on all their projects.


TSXV:PA - Post by User

Post by Betteryear2on May 29, 2024 3:41pm
79 Views
Post# 36062951

Palamina Samples 26.67 GPT Gold over 2 Metres

Palamina Samples 26.67 GPT Gold over 2 Metres

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) announces initial assay results from its first 2024 field campaign in the Sol de Oro Zone ("SDO") at its 100% owned Usicayos Gold Project. Usicayos is located in southeastern Peru and hosts a 4.5 km long mineralized orogenic gold trend to include the southwestern SDO Zone, the central Cayos Zone, and the northeastern Veta Zone. In 2024, inaugural drill programs are planned in the SDO Zone then the Cayos Zone later in the year. Drill pads in the SDO zone are under construction and a drill camp is being reconditioned for the upcoming drill program (Figure 3). In the interim the first of two geochemical sampling programs and a structural study to better understand mineralization controls has been completed at SDO. A drone borne topographic and magnetic survey over the entire 4.5 km trend extending from Sol de Oro to Veta is being completed to establish better controls and further define drill targets. Drilling is scheduled to commence in early July.

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