Palamina Drill Program Underway at Its Usicayos Gold Project
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.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ha iniziato i lavori di perforazione nel suo Progetto Aurifero Usicayos, situato nel sud-est del Perù. Il programma si concentra sulla zona Sol de Oro (SDO), con sette perforazioni a carotaggio diamantato pianificate per circa 3.000 metri. Le perforazioni mirano a zone di taglio aurifere continue e ad alta legge nelle aree SDO Est, Sud e Nord.
La zona SDO, che misura 1,5 km di larghezza e 2,2 km di lunghezza di estensione, fa parte di un sistema orogenico aurifero più grande di 1,5 per 4,5 km. L'azienda ritiene che questa zona rappresenti il cuore del sistema Usicayos. La perforazione testerà un’interpretazione operativa di una possibile zona di alimentazione quasi verticale al centro dell'area SDO.
I campionamenti di superficie hanno fornito risultati promettenti, inclusi 4m di 5,2 g/t Au da campionamenti a canale nella zona SDO Est, dove avrà inizio la perforazione.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ha iniciado la perforación en su Proyecto de Oro Usicayos, ubicado en el sureste de Perú. El programa se centra en la zona Sol de Oro (SDO), con siete agujeros de perforación diamantina planificados para aproximadamente 3,000 metros. La perforación tiene como objetivo zonas de corte auríferas continuas y de alta ley en las áreas SDO Este, Sur y Norte.
La zona SDO, que mide 1.5 km de ancho y 2.2 km de longitud, es parte de un sistema orogénico aurífero más grande de 1.5 por 4.5 km. La compañía cree que esta zona representa el corazón del sistema Usicayos. La perforación pondrá a prueba una interpretación funcional de una posible zona de alimentación casi vertical en el centro del área SDO.
El muestreo en superficie ha dado resultados prometedores, incluyendo 4m de 5.2 g/t Au de muestreo en canal en la zona SDO Este, donde comenzará la perforación.
팔라미나 Corp. (TSXV: PA) (OTCQB: PLMNF)는 페루 남동부에 위치한 우시카요 금 프로젝트에서 시추 작업을 시작했습니다. 이 프로그램은 솔 데 오로 (SDO) 구역에 중점을 두며, 약 3,000미터에 걸쳐 7개의 다이아몬드 시추 홀을 계획하고 있습니다. 시추 목표는 SDO 동부, 남부 및 북부 지역에서 연속적으로 고급의 금이 포함된 전단면을 노리는 것입니다.
SDO 구역은 폭 1.5 km, 길이 2.2 km로 측정되며, 1.5 km x 4.5 km의 더 큰 금을 포함하는 오로겐 시스템의 일부입니다. 회사는 이 구역이 우시카요 시스템의 중심을 나타낸다고 믿고 있습니다. 시추는 SDO 지역 중앙의 거의 수직 공급대의 작동 해석을 시험할 것입니다.
표면 샘플링은 SDO 동부 구역에서의 채널 샘플링을 포함하여 4m의 5.2 g/t Au를 포함한 유망한 결과를 도출했습니다. 시추는 이곳에서 시작될 예정입니다.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) a initié des forages dans son Projet Aurifère Usicayos dans le sud-est du Pérou. Le programme se concentre sur la zone Sol de Oro (SDO), avec sept forages à carottage diamanté prévus sur environ 3 000 mètres. Les forages ciblent des zones de cisaillement doré continues et de haute teneur dans les zones SDO Est, Sud et Nord.
La zone SDO, mesurant 1,5 km de large et 2,2 km de long, fait partie d'un système orogénique aurifère plus vaste de 1,5 x 4,5 km. La société estime que cette zone représente le cœur du système Usicayos. Les forages testeront une interprétation fonctionnelle d'une possible zone d'alimentation presque verticale au centre de la zone SDO.
Le prélèvement en surface a donné des résultats prometteurs, y compris 4m de 5,2 g/t Au provenant d'échantillons de canaux dans la zone SDO Est, où les forages commenceront.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) hat mit der Bohrung in ihrem Goldprojekt Usicayos im Südosten Perus begonnen. Das Programm fokussiert sich auf die Sol de Oro (SDO) Zone und sieht sieben Diamantbohrlöcher für etwa 3.000 Meter vor. Die Bohrungen zielen auf kontinuierliche, hochgradige, goldführende Scherzone in den Bereichen SDO Ost, Süd und Nord.
Die SDO-Zone, die 1,5 km breit und 2,2 km lang ist, ist Teil eines größeren goldführenden orogenischen Systems von 1,5 km x 4,5 km. Das Unternehmen glaubt, dass diese Zone das Herz des Usicayos-Systems darstellt. Die Bohrungen werden eine funktionierende Interpretation einer möglichen nahezu vertikalen Zuführungszone im Zentrum der SDO-Zone testen.
Die Oberflächenprobenahme hat vielversprechende Ergebnisse geliefert, darunter 4 m mit 5,2 g/t Au aus Kanalsampling in der SDO Ostzone, wo die Bohrungen beginnen werden.
- Initiation of drilling program at Usicayos Gold Project
- Targeting high-grade, gold-bearing shear zones
- Large scale of the Sol de Oro zone: 1.5 km wide, 2.2 km strike length
- Promising surface sampling results (4m of 5.2 g/t Au)
- None.
Toronto, Ontario--(Newsfile Corp. - August 13, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has commenced drilling in the Sol de Oro ("SDO") zone at its
Seven diamond drill holes totaling approximately 3,000 metres are planned to test the SDO East, SDO South and SDO North zones. Company geologists have identified continuous, high-grade, gold-bearing shear zones hosted in Paleozoic shales, siltstones and sandstones typical of the Puno Orogenic Gold Belt.
"Palamina geologists believe that the Sol de Oro zone being drill tested is the heart of the 1.5 by 4.5 km gold bearing orogenic system identified at Usicayos. This is the first time that the main shear zone at Usicayos is being drill tested following the consolidation of ownership of all the internal mining concessions and completion of the permitting process." commented Andrew Thomson, Palamina's President.
The SDO zone is controlled by shear zones developed by regional thrusting. The host shear zone at SDO is the widest identified at Usicayos to-date, broadly measuring approximately 1.5 km in width and 2.2 km in strike length. Gold mineralization is found along continuous "mantos" developed parallel to foliation along carbonaceous shear zones. The foliation of the host rocks, either side of a major NW-SE fault, dips steeply towards the center suggesting a possible near vertical feeder zone (or "flower structure") at the heart of the SDO zone. The upcoming drill program at SDO is designed to test this working interpretation.
Drilling will begin on platform VF01 in the SDO East zone, where some of the highest-grade surface sampling results have been observed including 4m of 5.2 g/t Au from channel sampling. Three of the seven planned drill platforms have been built and the company plans to drill between one and two drill holes from each platform to quickly build a three-dimensional geological model of the mineralized shear zone. Figure 1 shows the location of the planned drill platforms at SDO.
Figure 1 - Drill hole location map with mapped mantos and surface sampling results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4727/219767_835f0af0a40e0b8c_002full.jpg
Technical Information
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 a gold 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 is the scale of Palamina's drilling program at the Usicayos Gold Project?
Where is the Usicayos Gold Project located?
What are the dimensions of the Sol de Oro zone at Usicayos?
What were the notable surface sampling results from the SDO East zone?
