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.
Palamina Corp. (OTCQB: PLMNF) news covers the company’s ongoing exploration activities in Peru, particularly its land bank of gold projects in the Puno Orogenic Gold Belt and its copper-silver and silver-copper-manganese projects in southeastern and northeastern Peru. Company releases highlight work programs, technical results and project-level decisions that shape the exploration story.
Recent news has focused on drill and sampling results at the Usicayos gold project, where Palamina reports broad zones of gold mineralization in the Sol de Oro North and South zones and high-grade channel sampling results in the Cayos zone. Updates describe how new shear zones, structural interpretations and follow-up drilling plans are being used to refine targets and advance the project.
Palamina also issues regular updates on the Galena Silver Copper Manganese Project in the Santa Lucia district. News items describe remote sensing surveys, portable XRF soil sampling, manganese, silver and copper anomalies, and planned gravity surveys aimed at identifying Carbonate Replacement Deposit style mineralization. Additional releases discuss the acquisition of the Esperanza concession adjacent to the Berenguela deposit and the status of the Gaban Gold and Ica Copper-Gold projects, including transfers of ownership and historical drilling and geophysical work.
Investors following PLMNF news can use this page to review Palamina’s exploration results, project acquisitions, property transfers and corporate updates as disclosed in its public news releases.
Palamina (OTCQB: PLMNF) announced completion of financings totalling $3,050,000 as part of a spin-out of its seven Peru silver-copper projects into Colt Silver. The Financings comprise $600,000 in secured convertible debentures and $2,450,000 in subscription receipts.
The Arrangement will distribute 0.33 Colt Silver shares per Palamina share, with Palamina retaining ~10% of Colt Silver; closing is subject to shareholder, court and TSXV approvals and is anticipated in July 2026.
Palamina (OTCQB: PLMNF) announced a spin-out creating Colt Silver, which will hold seven Peruvian silver-copper projects. Palamina shareholders will receive 0.33 Colt Silver share per Palamina share; Palamina will retain 10% of Colt Silver.
Colt Silver plans private financings (up to $500K debentures and C$2.25M subscription receipts) and will apply to list on the TSXV; closing is anticipated in July 2026, subject to court and TSXV approval.
Palamina (OTCQB: PLMNF) completed mapping and sampling at its 100% owned Cristel copper-tin project in southeastern Peru on February 24, 2026. Surface rock and channel assays include high-grade copper results up to 4.43% Cu, with associated gold to 0.61 g/t and tin to 13 ppm.
Work is early-stage; gossan zones with no prior drill testing at Cristel were identified and historical drilling returned narrow, limited copper intervals.
Palamina Corp (TSXV: PA / OTCQB: PLMNF) will attend the Prospectors & Developers Association of Canada (PDAC) Convention at the Metro Toronto Convention Centre. Investors and the investment community are invited to visit Booth 2723 from March 1–4, 2026.
Palamina (OTCQB: PLMNF) acquired 100% of the Esperanza concession, a 60.75 hectare claim in the Santa Lucia district of southeastern Peru, for US$18,000 with no royalties payable.
Esperanza lies adjacent to Aftermath's Berenguela silver-copper-manganese project, which hosts a reported 122.5 million oz Ag in Measured and Indicated and 22.0 million oz Ag Inferred. Palamina's field visit identified the same outcropping limestone unit and a NW-SE trending carbonate sequence that hosts Berenguela mineralization.
Palamina commissioned WorldView-3 hyperspectral mapping; initial results indicate the Berenguela manganese trend extends into Esperanza. The company plans detailed mapping and sampling in early 2026 and continues advancing its nearby Galena project.
Palamina Corp. (OTCQB: PLMNF) has completed an expanded soil and subcrop sampling program at its 100%-owned Galena Silver Copper Manganese Project. The second XRF sampling campaign collected 730 samples, revealing two distinct northwest-southeast mineralized trends with significant silver, copper, and manganese anomalies.
Key findings include XRF values up to 440 g/t silver, 0.6% copper, and 2.7% manganese within Tertiary volcanics at surface. The southernmost anomaly extends over 3km by 1.5km, with both trends remaining open. Previous rock sampling from the Rosa and Azul zones returned impressive values of up to 1,135 g/t Ag, 5.2% Cu, 0.69% Mn and 584 g/t Ag, 7.1% Cu, 0.47% Mn respectively.
The company plans additional XRF soil sampling and a property-wide gravity survey to prioritize drill targets at the previously undrilled project.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) has announced the complete divestment of its holdings in Winshear Gold Corp (TSXV: WINS). The company disposed of 4,833,333 Winshear shares, representing 15.38% of outstanding shares, for gross proceeds of $290,000 at $0.06 per share on April 25, 2025.
Following Winshear's decision to exit Peru, Palamina plans to reclaim ownership of the Gaban gold and Ica copper-gold projects, with the transfer expected to complete by July 2025. The projects, originally sold to Winshear in May 2019, saw total expenditure of $4,097,709 on acquisition and exploration, including the 2024 drill program at Gaban.
Palamina's total returns from the Winshear relationship include $300,930 in advance royalty payments, a $3,625,000 return of capital in December 2023, and $290,000 from the recent share disposition.
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.