Palamina Corp. is drilling at its Usicayos Gold Project in the Puno Orogenic Gold Belt in south eastern Peru where the Company has 6 distinct exploration projects . Three diamond drill holes have been completed in the SDO East Zone at Usicayos. A fourth hole in the SDO South Zone is complete with hole 5 underway. Palamina is now reaching the halfway point in its 3,000 metre drilling program. At the same time, [...]
Palamina Corp. has acquired 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. from Aurania Resources Ltd. . Vicus is now a wholly owned Peruvian subsidiary of Palamina Corp. Aurania received 350,000 common shares of Palamina and was granted a 1% Net Smelter Return royalty on the Pluma sediment-hosted copper silver project as full payment for the purchase of Vicus. Palamina may buy back half of the royalty [...]
Palamina Corp. has received a US$100,000 Advance Royalty payment from Winshear Gold Corp. . The AR payment was due pursuant to a property purchase agreement signed on September 19, 2019. The agreement sets out annual AR anniversary payments and a 2% NSR royalty per project due to Palamina from Winshear. In September of 2025 a further US$100,000 payment is due from Winshear to Palamina to maintain Winshear's Gaban and Ica [...]
Palamina Corp. has commenced drilling in the Sol de Oro zone at its 100% owned Usicayos Gold Project in south eastern Peru. Drill equipment was successfully mobilized and a fully functioning field camp is in place to support the program. Seven diamond drill holes totaling approximately 3,000 metres are planned to test the SDO East, SDO South and SDO North zones. Company geologists have identified continuous, high-grade [...]
Palamina Corp.'s 100% owned Usicayos Gold Project is located in the Puno Orogenic Gold Belt where nuggety coarse gold makes it challenging to establish continuity of gold grades. In 2024 Palamina has completed metallic screening, a PhotonAssay® check sampling program and a bulk sample mineralogical study to establish an optimized sampling protocol to minimize variances in gold grades due the nugget effect. For this first [...]
Palamina Corp. has completed a drone-based magnetic survey over the entire 4.5 km long mineralized gold trend at its 100% owned Usicayos Gold Project in the department of Puno in south eastern Peru. The survey was carried out by Lima-based geophysical contractor Deep Sounding E.I.R.L and included generating a detailed Digital Terrain Model and acquiring an orthophoto to generate a new high-resolution topographic map. The [...]
Palamina Corp. has signed a Share Purchase Agreement to acquire 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. from Aurania Resources Ltd. for a consideration of 350,000 common shares of Palamina and a 1% Net Smelter Return royalty. Palamina may buy back half of the NSR for $1,000,000. Palamina has an "acquire and hold" strategy for its existing copper silver projects in south eastern Peru and the [...]
Palamina Corp. announces initial assay results from its first 2024 field campaign in the Sol de Oro Zone 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 [...]
Andrew Thomson has today filed an early warning report advising that between March 13 and March 27, 2024 he purchased an aggregate of 77,000 common shares of Palamina Corp. at a price between $0.10 and $0.135 per share. Immediately prior to the purchases, the Acquiror had beneficial ownership, or exercised control or direction, both directly and indirectly over 6,038,302 shares; 525,000 options; and 394,000 warrants [...]
Palamina Corp. has appointed Alvaro Fernandez-Baca as V.P. Exploration and Hall Stewart and Jerry Blackwell as advisors to complement our discovery team in Peru. We would like to thank Jerry Blackwell for previously acting as lead geologist and for his continued support in his new role as advisor. "Palamina is pleased to welcome Alvaro Fernandez-Baca and Hall Stewart as new members of our team. Each brings a wealth of [...]
Palamina Corp. completed its latest field program at its 100% owned Usicayos Gold Project in the Sol de Oro Zone in December 2023. 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. Drilling is scheduled to commence in Q2 of 2024. The SDO zone is hosted in Paleozoic Ananea Formation [...]
Palamina Corp.'s has granted 1,585,000 incentive stock options to certain officers, directors, advisors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.15 per common share. The options granted to officers and directors and advisors expire on December 15, 2028 and the options granted to the consultants expire on December 15, 2025. About Palamina Corp. Palamina has participation [...]
+3300,00 %
-86,67 %
