Palamina Corp. is a pure gold exploration company preparing for its inaugural drilling campaign on its high-grade Coasa Gold Project in south eastern Peru. Palamina is also a significant shareholder of Winshear Gold , who are advancing the Gaban Gold project toward initial drill testing. Palamina is acting as the operator at Gaban for Winshear Gold. Both projects are located in the Puno Orogenic Gold Belt where a modern [...]
Palamina Corp. has secured a Declaración de Impacto Ambiental from the Peruvian Ministry of Energy and Mines for its Coasa Gold Project in the Puno region of Peru. The DIA allows for the construction of up to 40 drill pads at Coasa. With the DIA in hand, the Company has applied for the Authorization to Initiate Exploration Activities which is required to commence initial drill testing of the Coasa gold system [...]
Palamina Corp. has appointed William McGuinty as its Vice President of Exploration and Christina McCarthy as an advisory board member. Christina McCarthy will assist in expanding Palamina's market presence in the global mining and financial community. William McGuinty will lead Palamina's effort to explore for and define gold deposits in Peru. Andrew Thomson, President of Palamina stated, "Palamina continues to strengthen [...]
Palamina Corp. reports that recent mapping and intermittent surface rock sampling on its flagship Coasa Gold Project has increased the strike length of the newly discovered gold system to approximately 1,600 metres. During the second and third campaigns of 2019 an additional 321 grab samples and 233 channel samples were collected and assayed. Palamina continues to identify additional high-grade surface gold mineralization [...]
Palamina Corp. advises that it has filed an Early Warning Report in connection with the issuance by Helio Resource Corp. to Palamina of common shares in the capital of Helio as consideration for Helio acquiring all of Palamina's interests in the Gaban Gold Project and Tinka IOCG Project in Peru . Pursuant to the Transaction, Palamina will receive a total of 10 million Common Shares of Helio and a 2% Net Smelter Return [...]
Palamina Corp. is pleased to announce the closing of its previously announced transaction with Helio Resource Corp. , whereby the Company has sold 100% of the application and mining rights to the Gaban Gold and Tinka I.O.C.G. Projects in Peru to Helio. In exchange Palamina will receive a total of 10 million common shares of Helio and a 2% Net Smelter Return Royalty on each project. Helio retains the right to buy back 1 [...]
Palamina Corp. has completed 3 sampling and mapping campaigns at its flagship Coasa Gold Project in 2019 while it awaits processing of drill permits for the Veta Gold Zone. A total of 44 grab and 31 channel samples were completed on the first campaign in the Veta and Cayos Gold Zones. In the first campaign 44% of all samples returned values above 0.4 g/t Au and are reported below. Highlights of sampling at the Veta Zone [...]
Palamina Corp. announces that it has agreed to extend the expiry date of certain of its outstanding common share purchase warrants for an additional year. The new expiry date of these Warrants will be August 26, 2020. These Warrants were issued pursuant to a private placement of 7,166,667 units, which closed on February 26, 2018. For further information on the original issuance of the Warrants, please refer to the press [...]
Palamina Corp. has completed first pass surface sampling on its Lagos Project in Peru and has identified a number of outcropping high-grade silver-copper-lead occurrences. Individual channel samples collected from outcropping veins on the property range from detection to highs of 1,135 g/t silver, 7.3% copper and 30% lead . The road accessible Lagos Project is located southwest of the town of Santa Lucia in the department [...]
Palamina Corp. has signed a letter of intent to sell 100% of the application and mining rights to the Gaban Gold and Tinka I.O.C.G. Projects in Peru to Helio Resource Corp. . In exchange Palamina will receive a total of 10 million common shares of Helio and a 2% Net Smelter Return Royalty on each project. Helio retains the right to buy back 1% of the NSR for $1,000,000 per project. Helio will make an Advance Royalty [...]
Palamina Corp. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering previously announced on March 1, 2019. In this final tranche, the Company raised a total of $152,200 for the issuance of 507,333 units at the price of $0.30 per Unit. Together with the first tranche announced on March 1, 2019, the Offering has resulted in aggregate gross proceeds of [...]
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 [...]
