Andrew Thomson has today filed an early warning report advising of his acquisition of units of Palamina Corp. . Pursuant to a private placement of Units of the Company, the Acquiror purchased 70,000 Units at a price of $0.30 per Unit, each Unit comprised of one Common Share and one Common Share purchase warrant . Each Warrant is exercisable to acquire one Common Share at an exercise price of $0.50 until February 28, 2021 [...]
Palamina Corp. is pleased to announce that it has closed the first tranche of its non-brokered private placement offering announced on January 31, 2019 and February 8, 2019. In this first tranche, the Company raised a total of $1,535,500 for the issuance of 5,118,332 units at the price of $0.30 per Unit. Up to an additional $664,500 is expected to be raised in a second tranche closing for aggregate gross proceeds of the [...]
Palamina Corp. announces that it has amended certain terms of its non-brokered private placement previously disclosed in a press release dated January 31, 2019. The offering, as amended, is hereinafter referred to as the Amended Offering. Pursuant to the terms of the Amended Offering, the Company will conduct a non-brokered private placement offering of up to 7,333,333 units at a purchase price of $0.30 per Unit, for [...]
Palamina Corp. is pleased to announce that it will conduct a non-brokered private placement offering of up to 6,250,000 units at a purchase price of $0.32 per Unit, for aggregate gross proceeds of up to $2,000,000. Each Unit consists of one common share and one warrant . Each Warrant is exercisable to acquire one Common Share at a price of $0.55 for a period of 18 months from the closing date, provided that if after four [...]
Palamina Corp. has submitted a Declaración de Impacto Ambiental or Environmental Impact Declaration to the Peruvian Ministry of Energy and Mines for the Coasa Gold Project. The DIA is the primary environmental permit required prior to drilling. Andrew Thomson, President of Palamina stated, "Palamina has submitted for a DIA permit in order to carry out a drill program at the Coasa Gold Project. Once approved the DIA [...]
Palamina Corp. has filed on SEDAR a technical report prepared in accordance with National Instrument 43-101 on the Coasa Gold Project in the Puno region of Peru. The Technical Report titled "NI 43-101 Technical Report Coasa Property Puno, Peru" with an effective data of October 24th, 2018 was prepared on behalf of Palamina Corp. by David Seers , representative of Mining Plus. The NI 43-101 Technical Report may be found on [...]
Palamina Corp. has completed further channel sampling in the Veta Zone at the Coasa Gold Project in south eastern Peru. The most recent sampling results compliment previous surface sampling programs with channels collected partially as infill sampling along previously sampled outcrop as well as from previously unsampled outcrop occurrences. The Veta Zone continues to return high-grade gold mineralization highlighted by [...]
Andrew Thomson has today filed an early warning report advising of his acquisition of common shares of Palamina Corp. . The Acquiror purchased 2,500 Common Shares at a price of $0.35 per Common Share and 575 Common Shares at a price of $0.37 per Common Share for an aggregate 3,075 Common Shares of the Company for gross consideration of $1,087.75, increasing the Acquiror's overall ownership interest in the Company to 12 [...]
Palamina Corp. has completed heliborne geophysical surveys over its Coasa, Gaban and Cori gold projects in the Puno Orogenic Gold Belt of Peru. In the POGB, gold mineralization frequently has an association with disseminated magnetic pyrrhotite hosted by quartz veins within regional shear zone structures. Palamina believes results from the heliborne magnetic survey will aid in outlining regional structures with the [...]
Palamina Corp. has conducted a reconnaissance sampling program in the recently defined Cayos gold zone south of the Veta gold zone at its Coasa Gold Project in south eastern Peru. On September 25, 2018, Palamina reported the discovery of 4 visible gold zones at Veta where chip sampling returned up to 620 g/t gold and channel sampling up to 1.8 metres of 19.6 g/t gold . Surface gold mineralization at Veta covers an 800 by [...]
Palamina Corp.'s recent field campaign at its Coasa Gold Project in south eastern Peru continues to confirm the presence of high grade gold at surface in the Veta Zone where continuous channel sampling returned 1.8 metres of 19.6 g/t gold and 0.9 metre of 103 g/t gold. The recently discovered zone of surface gold mineralization has now expanded to cover an 800 by 500 metre area and further selective rock-chip sampling in [...]
Palamina Corp. reports that New-Sense Geophysics Limited has commenced a 3,083 line kilometer heliborne geophysical survey over its Coasa, Gaban and Cori gold projects in the Puno Orogenic Gold Belt in south-eastern Peru. In the POGB, gold mineralization frequently has an association with magnetic pyrrhotite within swarms of orogenic quartz veins and veinlets restricted to discrete, continuous packages in shear zone [...]
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