Palamina Commences Soil Sampling Program After Completing Remote Sensing Study on the Galena Silver Copper Project
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) sta avanzando con il suo Progetto Galena Silver Copper nella regione Puno in Perù. L'azienda ha completato un sondaggio di telerilevamento che ha identificato risposte di ossido di manganese, kaolinite e goethite, e ora sta conducendo campionamenti del suolo pXRF. Il progetto copre vene di quarzo ad alta gradazione contenenti rame e argento nel storico distretto minerario di Santa Rosa. I precedenti campionamenti di trincea hanno fornito risultati notevoli, tra cui 8.5 metri con 3.05% di Pb e 21 g/t di Ag nella Zona Gris, e 9.3 metri con 2.09% di Cu e 21 g/t di Ag nella Zona Verde. È previsto un sondaggio gravitazionale per mappare il contatto con il calcare in profondità per l'esplorazione di potenziali depositi di sostituzione carbonatica.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) está avanzando en su Proyecto Galena Silver Copper en la región de Puno, Perú. La compañía ha completado una encuesta de teledetección que identifica respuestas de óxido de manganeso, caolín y goethita, y ahora está llevando a cabo muestreos de suelo pXRF. El proyecto cubre vetas de cuarzo de alto grado que contienen cobre y plata en el histórico distrito minero de Santa Rosa. Muestreos de zanjas anteriores arrojaron resultados notables, incluyendo 8.5 metros con 3.05% de Pb y 21 g/t de Ag en la Zona Gris, y 9.3 metros con 2.09% de Cu y 21 g/t de Ag en la Zona Verde. Se planea un estudio de gravedad para mapear el contacto de la caliza a profundidad para la exploración de posibles depósitos de reemplazo de carbonato.
팔라미나 주식회사 (TSXV: PA) (OTCQB: PLMNF)는 페루의 푸노 지역에 있는 갈레나 실버 구리 프로젝트를 진행하고 있습니다. 이 회사는 망간 산화물, 카올리나이트, 괴태타이트 반응을 식별하는 원격 탐사 조사를 완료했으며, 현재 pXRF 토양 샘플링을 수행하고 있습니다. 이 프로젝트는 역사적인 산타 로사 광산 지역에서 고품질 구리-은을 포함한 석영 광맥을 포함합니다. 이전 굴삭샘플링에서 그리스 존(Gris Zone)에서 8.5미터에 3.05% Pb 및 21 g/t Ag, 베르데 존(Verde Zone)에서 9.3미터에 2.09% Cu 및 21 g/t Ag와 같은 주목할 만한 결과가 나왔습니다. 잠재적인 탄산염 대체 광상 탐사를 위해 깊이에서 석회암 접촉을 매핑하기 위한 중력 조사가 계획되어 있습니다.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) fait progresser son Projet Galena Silver Copper dans la région de Puno au Pérou. L'entreprise a complété une enquête de télédétection identifiant des réponses d'oxyde de manganèse, de kaolinite et de goethite, et réalise maintenant des échantillonnages de sol pXRF. Le projet couvre des filons de quartz contenant des cuivre-argent de haute qualité dans le district minier historique de Santa Rosa. Des échantillons de tranchées précédents ont donné des résultats notables, y compris 8,5 mètres avec 3,05 % de Pb et 21 g/t d'Ag dans la Zone Gris, et 9,3 mètres avec 2,09 % de Cu et 21 g/t d'Ag dans la Zone Verde. Une enquête gravimétrique est prévue pour cartographier le contact avec le calcaire en profondeur pour l'exploration de dépôts de remplacement carbonatés potentiels.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) arbeitet an seinem Galena Silver Copper Projekt in der Region Puno, Peru. Das Unternehmen hat eine Fernmessung durchgeführt, die Reaktionen von Manganoxid, Kaolinit und Goethit identifiziert, und führt nun pXRF-Bodenprobenentnahmen durch. Das Projekt umfasst hochgradige Kupfer- und Silbererze in den historischen Bergbaugebieten von Santa Rosa. Frühere Probenahmen aus Gräben lieferten bemerkenswerte Ergebnisse, darunter 8,5 Meter mit 3,05% Pb und 21 g/t Ag in der Gris-Zone sowie 9,3 Meter mit 2,09% Cu und 21 g/t Ag in der Verde-Zone. Eine Schwebungsuntersuchung ist geplant, um den Kontakt mit Kalkstein in der Tiefe für die mögliche Erkundung von Carbonat-Substitutionslagerstätten zu kartieren.
- Previous trench sampling showed promising results: 8.5m @ 3.05% Pb and 21 g/t Ag at Gris Zone
- Verde Zone sampling yielded 9.3m @ 2.09% Cu and 21 g/t Ag
- 100% ownership acquisition of Sociedad Minera Vicus Exploraciones S.A.C.
- Strategic location near producing mines Santa Barbara and Berenguela
- None.
Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) continues to advance it's
Mineralization at Galena is hosted in Tertiary aged Tacaza Formation volcanics, immediately overlying the same Cretaceous carbonate sequence (Ayabaca Formation) hosting the Santa Barbara and Berenguela past-producing mines. The Santa Barbara and Berenguela mines are both located in the same northeast-southwest structural trend as the Santa Rosa mine at Galena. At Berenguela, silver-copper mineralization occurs in a quartz vein stockwork cutting massive manganese oxide bodies replacing dolomitic limestone in areas that have been structurally prepared through north-northwest striking folding and faulting.
Figure 1: District-scale claim location map with major historic mines.
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Andrew Thomson, President of Palamina commented: "The recently completed remote sensing survey has highlighted large areas with manganese oxide, kaolinite and goethite responses where the company is now completing a pXRF soil survey to further refine the extent and intensity of these anomalous zones at surface. At Galena a follow-up gravity survey is planned to aid with the definition of the key limestone contact zone at depth which the company believes has the potential to host a CRD deposit at depth similar in style to the nearby Santa Barbara and Berenguela deposits located to the northeast."
During 2024, Palamina has combined traditional "boots on the ground" exploration with new technologies. A recently completed remote sensing ('RS') survey has broadly identified alteration assemblages typical of CRD deposits, such as manganese oxides, which are being followed up by systematic soil sampling using a portable pXRF. ALS Goldspot has processed information collected using the Worldview 3 commercial satellite, incorporating geological parameters such as structural controls and alteration assemblages to generate spectral domains for future follow-up work. Data processing included spectral clustering and spectral classification to produce target maps such as the one shown in Figure 1, highlighting manganite (a manganese hydroxide), kaolinite and goethite as proxies for Berenguela style mineralization.
Figure 2: Processed satellite imagery showing enhanced and clustered mineral mapping for manganite, kaolinite and goethite
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The Galena Project lies on the intersection of two major regional structural trends: a northwest-southeast thrust and fold belt linked to the main Andean orogeny and regional northeast-southwest extensional faults interpreted to accommodate post orogenic collapse. Furthermore, Galena lies on the southeastern extension of the Eocene-Oligocene Las Bambas porphyry belt, with the nearby Pinaya Project located 20 kilometers to the northwest. The Santa Barbara and Berenguela projects are located 17 and 22 km respectively to the northeast of Galena along a northeast-southwest trend highlighted by the recent remote sensing survey and mapped on the ground by Palamina geologists. Previous work by Palamina on the Rosa, Gris and Verde Zones has determined that Ag-Cu-Pb mineralization is hosted in volcanic flow breccias, with sulfides often occurring within quartz-carbonate veins and fault breccias. Manganoan carbonates and manganese oxides are commonplace within the 4 x 2.5 km Gris Zone and the 2.5 x 2 km Verde Zones. Previous trench sampling at the Gris Zone has yielded 8.5 metres with
Follow up soil sampling is being completed over areas of interest using a portable pXRF analyzer. Samples are taken to Palamina's field office in the nearby city of Juliaca before our technical crew homogenize the samples and take multiple readings from each sample. This process allows Palamina to cover a large area efficiently, simplify logistics and reduce costs, broadening our understanding of the mineralization at Galena. A follow-up gravity survey is planned to map the limestone contact at depth, define possible replacement bodies within the limestone and prioritize areas for potential drill testing.
Palamina Canada recently completed the acquisition of
The technical information herein has been reviewed and approved by Alvaro Fernandez-Baca (P. Geo.); a Qualified Person as defined by National Instrument 43-101. Mr. Fernandez-Baca is Vice President of Exploration to Palamina.
About Palamina Corp.
Palamina is an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Palamina is adding value through drill discovery at its Usicayos gold project. Palamina also has an "acquire and hold" strategy with copper silver assets in southeastern and northeastern Peru. Palamina holds a
On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: (416) 204-7536 or visit www.palamina.com
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This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-Looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-Looking statements include, but are not limited to, the use of proceeds of the Offering and the Company's future business plans. Forward-Looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's continuous disclosure filings, which are available at www.sedarplus.ca.
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FAQ
What are the recent trench sampling results from Palamina's (PLMNF) Galena Project?
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