Welcome to our dedicated page for Palamina news (Ticker: PLMNF), a resource for investors and traders seeking the latest updates and insights on Palamina stock.
Overview of Palamina Corp
Palamina Corp (PLMNF) is a dedicated exploration company engaged in advanced mineral exploration activities in Peru. With a strong focus on discovering orogenic gold deposits, Palamina has established itself by developing a robust portfolio of gold projects within the Puno Orogenic Gold Belt. The company leverages cutting-edge technology and deep industry expertise to drive its drill discovery programs, which are designed to uncover significant gold and base metal mineralization in historically underexplored regions. Using terms such as "mineral exploration", "orogenic gold", and "drill discovery" in its initiatives, Palamina stands out in its highly technical sector for establishing a disciplined exploration approach supported by renowned geological experts.
Core Business and Operational Strategy
At its core, Palamina Corp is targeted towards identifying, acquiring, and advancing mineral properties with significant exploration potential. The company’s two-pronged strategy involves:
- Gold Exploration: Focused on a land bank of gold projects in southeastern Peru, particularly within the Puno Orogenic Gold Belt, where structural features such as shear zones and flower structures provide promising targets for high-grade gold deposits.
- Copper-Silver Assets: Adopting an 'acquire and hold' strategy for copper and silver projects in both southeastern and northeastern Peru, positioning the company to benefit from discoveries in emerging copper districts alongside established mining regions.
Project Portfolio and Technical Initiatives
Palamina’s project portfolio is diversified and includes multiple advanced-stage exploration programs. Key areas include:
- Usicayos Gold Project: A 100% owned asset hosted within the Puno Orogenic Gold Belt, where intensive drilling programs have delineated structurally controlled gold zones. The use of high-resolution drone magnetic surveys and detailed structural interpretations have refined target areas such as the Sol de Oro (SDO) zone, which features well-defined mantos and shear zones responsible for gold mineralization.
- Galena Silver Copper Project: Located in the Santa Lucia district, this project focuses on identifying copper-silver deposits hosted in quartz veins, carbonate replacement deposits, and related base metal mineralization. The incorporation of remote sensing techniques, pXRF soil sampling and gravity surveys supports the exploration strategy by mapping manganese-rich anomalies and limestone contacts.
- Acquired and Held Assets: Through strategic transactions, Palamina acquired 100% of Sociedad Minera Vicus Exploraciones S.A.C., which further enhances their copper-silver exploration footprint by adding the Pluma copper silver project and plans for transferring additional assets into this subsidiary.
- Equity Investment: The company holds a significant equity stake in Winshear Gold Corp, providing additional exposure to gold discovery through Winshear’s drill programs on the Gaban Gold Project.
Innovative Exploration Techniques and QA/QC Protocols
Palamina employs a suite of innovative exploration methods to ensure accurate and reliable geological data. The company’s technical toolbox includes:
- Drone-based Magnetic Surveys: Used to generate detailed digital terrain models and orthophotos, these surveys assist in detecting magnetic anomalies related to pyrrhotite and other mineralizing sulphides.
- Metallic Screening Methodology: This advanced process is implemented to quantify the coarse gold fraction more accurately than conventional fire assay methods, thereby ensuring confidence in assay results from drill core and outcrop samples.
- Rigorous QA/QC: Systematic insertion of control standards, field duplicates, and certified blanks into the sampling process demonstrates Palamina\s commitment to data precision and integrity. Samples are systematically processed through established laboratories to meet industry standards and adhered to best practices.
Market Position and Competitive Landscape
Operating in a globally significant mineral province, Palamina has positioned itself in the competitive landscape of resource exploration with a focus on high-potential gold and base metal deposits. Its methodical exploration strategy, combined with the integration of scientific techniques and experienced personnel, enables the company to mitigate exploration risks while maximizing the identification of significant mineralized systems. The company’s dual exposure to both gold and copper-silver sectors enhances its resilience to market fluctuations and positions it as a well-rounded player in the mining exploration field.
Technical Expertise and Management
Palamina Corp is supported by a management team with extensive local and global exploration experience. The appointment of seasoned professionals, including experts with decades of operational experience in Latin America, reinforces the company's technical credibility. These experts are responsible for guiding the exploration strategy, interpreting complex geological data, and ensuring that exploration efforts are aligned with industry best practices. The integration of such expertise fosters an environment of continuous learning and improvement, which is critical in a sector characterized by high technical demands and risks.
Risk Mitigation and Exploration Challenges
While exploration inherently contains uncertainties, Palamina\s approach focuses on systematic risk mitigation. The company employs redoubled efforts in field sampling, structural mapping, and advanced geophysical surveys to ensure that the geological models are well constrained. In a challenging exploration environment such as the Andean mineral belts, these methods provide clarity on complex structural patterns and contribute to a higher probability of successful discovery.
Conclusion
In summary, Palamina Corp has built a robust framework for mineral exploration in Peru by combining state-of-the-art technology, extensive geological expertise, and a diversified asset portfolio. Its strategic initiatives in gold, copper, and silver exploration are underpinned by a disciplined approach to technical analysis and risk management. This comprehensive methodology positions the company as an informed and systematic explorer, offering valuable insights into the potential of the Puno Orogenic Gold Belt and surrounding regions.
The detailed, multi-faceted strategy adopted by Palamina reflects not only its technical acumen but also a deep understanding of the regional geology, ensuring that every exploration campaign is executed with precision and clear scientific rationale.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) announced that Winshear Gold Corp has offered to return 100% ownership of the Gaban Gold and Ica Copper Gold projects in Peru. The offer was received on April 11, 2025, and Palamina intends to accept it, though they may retain only a portion of the claims.
The Gaban Gold project's inaugural drill program in late 2025 yielded notable results, including 4 metres of 5.04 g/t gold and 21 metres of 1.29 g/t gold in the Coritiri zone. The program was cut short due to early rainy season. The project is located in the Puno Orogenic Gold Belt, approximately 80 km northwest of Palamina's Usicayos project.
The Ica Copper Gold project, situated 50 km east of Ica city, has identified numerous exploration targets through a recent drone airborne geophysical survey, though no drilling has been conducted yet. The project is within the Coastal Iron Oxide Copper Gold Belt, featuring multiple mineral-rich veins.
Palamina Corp. (PLMNF) has announced new assay results from February 2025 field work at its Usicayos gold project's Sol de Oro (SDO) North zone in Peru. The company identified a broad new mineralized shear zone southeast of SDO North, with continuous channel sampling yielding up to 1m @ 7.86 g/t Au.
Key findings include a mineralized zone located between SDO North and SDO East zones, demonstrating strong continuity over a +1km strike length. Previous drill holes USI24-07 and USI24-08 showed significant results of 35m @ 0.75 g/t Au and 52m @ 0.72 g/t Au respectively. An additional mineralized shear zone was discovered 150 metres further east, with samples yielding up to 1m @ 3.95 g/t Au.
The company plans to initiate a 2025 drilling program to define a gold resource at SDO North, test the SDO North-South junction at depth, and complete inaugural drilling in the Cayos zone once the rainy season ends.
Palamina Corp. (PLMNF) has completed an initial systematic soil sampling program at its Galena Silver Copper Project in Peru, revealing significant findings. The company collected 933 soil samples across three zones using XRF spectrometry, identifying large silver, copper, and manganese anomalies. A notable discovery includes a 2 x 1.5 km manganese anomaly in the Gris zone.
The sampling program covered 8 km² of target areas, with plans to expand to 30 km². Mineralization occurs along veins, fractures, and autobreccia matrix in Miocene aged Tacaza formation. The company plans to conduct a gravity geophysical survey to define drill targets for silver-copper-manganese CRD deposits. The project's location shows promising alignment with the Santa Barbara Mine and Aftermath Silver's Berenguela Manganese project along the same NE regional trend.
Palamina Corp has completed its 2024 scout drill program at the Sol de Oro zone of its Usicayos Gold Project in Peru. The program revealed significant gold mineralization, with notable intercepts including 0.72 g/t gold over 52 meters and 2.59 g/t gold over 8 meters. The drilling confirmed potential for an orogenic gold deposit and identified a previously unknown mineralized intrusive.
The program tested 4 main SDO zones with 2,306 meters drilled in nine holes. Key findings include broad intervals of gold mineralization in both SDO South and North zones, with assays reaching up to 24.6 g/t over 0.5m. Drilling is expected to resume in early Q2 2025 after the rainy season.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) is advancing its Galena Silver Copper Project in Peru's Puno region. The company has completed a remote sensing survey identifying manganese oxide, kaolinite, and goethite responses, and is now conducting pXRF soil sampling. The project covers high-grade copper-silver bearing quartz veins in the historic Santa Rosa mine district. Previous trench sampling yielded notable results including 8.5 metres with 3.05% Pb and 21 g/t Ag at the Gris Zone, and 9.3 metres with 2.09% Cu and 21 g/t Ag at the Verde Zone. A gravity survey is planned to map limestone contact at depth for potential Carbonate Replacement Deposit exploration.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) has completed six holes in its inaugural drilling program at the Sol De Oro Zone ('SDO') of its Usicayos gold project in SE Peru. The program tested two of three zones, covering 1,685 metres of diamond drilling across SDO East and SDO South. Drilling at SDO East confirmed a large mineralized system with higher gold values trending north. SDO South drilling revealed visible gold in quartz veins and massive sulphide veining within a blind microdiorite intrusive. Notable results from SDO East include intersections of up to 3.48 g/t gold over 3 metres. The drill is now moving to SDO North for two planned holes.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) is currently drilling at its Usicayos Gold Project in the Puno Orogenic Gold Belt (POGB) in southeastern Peru. The company has completed three diamond drill holes in the SDO East Zone and is working on the fifth hole in the SDO South Zone, reaching the halfway point of its 3,000-metre drilling program.
Simultaneously, Winshear Gold Corp, in which Palamina holds a 15.4% equity stake, has begun a 1,600-metre drilling programme at the Coritiri zone of its Gaban Project, also located in the POGB. Palamina retains a 2% Net Smelter Return royalty on the Gaban Project, which it previously sold to Winshear.
Both drilling campaigns aim to identify the potential bedrock source of gold in the 1,900 square kilometre alluvial goldfields in the Madre de Dios basin to the north. The POGB is described as one of the world's least formally explored orogenic gold belts, with known mineralized systems extending vertically to over 1,000 metres depth.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has acquired 100% of Sociedad Minera Vicus Exploraciones S.A.C. from Aurania Resources The acquisition includes the Pluma copper silver project in northeastern Peru, covering 9,800 hectares. As payment, Aurania received 350,000 Palamina common shares and a 1% Net Smelter Return royalty on Pluma.
Palamina plans to transfer its Sora, Volcano, and Galena copper silver projects in southeastern Peru to Vicus. This acquisition provides Palamina with greater flexibility to separately fund and advance its copper silver projects in Vicus and gold projects in Palamina S.A.C.
The Pluma project is adjacent to Hannan Metals 's San Martin Copper Silver Project, which is subject to a significant earn-in agreement with JOGMEC. Palamina's strategy for copper silver assets positions it to participate in new discoveries in a prolific metallogenic belt, focusing on high-demand battery metals like copper and silver.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has received a US$100,000 Advance Royalty payment from Winshear Gold Corp. (TSXV: WINS), as part of a property purchase agreement signed in 2019. The agreement includes annual payments and a 2% NSR royalty per project. Palamina holds a 15.4% ownership interest in Winshear through 4,833,333 common shares. Winshear is set to begin a 1,600 metre drilling program at its Gaban Gold Project by the end of September 2024. Simultaneously, drilling is underway at Palamina's Usicayos Gold Project. This gives Palamina shareholders participation in two drilling programs in the Puno Orogenic Gold Belt, both in the drill discovery phase.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has initiated drilling at its Usicayos Gold Project in southeastern Peru. The program focuses on the Sol de Oro (SDO) zone, with seven diamond drill holes planned for approximately 3,000 metres. The drilling targets continuous, high-grade, gold-bearing shear zones in the SDO East, South, and North areas.
The SDO zone, measuring 1.5 km wide and 2.2 km in strike length, is part of a larger 1.5 by 4.5 km gold-bearing orogenic system. The company believes this zone represents the heart of the Usicayos system. Drilling will test a working interpretation of a possible near-vertical feeder zone at the center of the SDO area.
Surface sampling has yielded promising results, including 4m of 5.2 g/t Au from channel sampling in the SDO East zone, where drilling will commence.
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