Palamina Extends Known Gold Mineralization in the Sol De Oro North Zone at the Usicayos Gold Project
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) ha annunciato nuovi risultati di analisi provenienti dal lavoro di campo di febbraio 2025 presso il progetto aurifero Usicayos, nella zona Sol de Oro (SDO) Nord in Perù. L'azienda ha identificato una nuova ampia zona di frattura mineralizzata a sud-est di SDO Nord, con campionamenti continui che hanno restituito fino a 1m @ 7.86 g/t Au.
I risultati chiave includono una zona mineralizzata situata tra le zone SDO Nord e SDO Est, che dimostra una forte continuità su un lunghezza di strike di oltre 1 km. I precedenti fori di perforazione USI24-07 e USI24-08 hanno mostrato risultati significativi di 35m @ 0.75 g/t Au e 52m @ 0.72 g/t Au rispettivamente. È stata scoperta un'ulteriore zona di frattura mineralizzata a 150 metri più a est, con campioni che hanno restituito fino a 1m @ 3.95 g/t Au.
L'azienda prevede di avviare un programma di perforazione nel 2025 per definire una risorsa aurifera a SDO Nord, testare il giunto SDO Nord-Sud in profondità e completare la perforazione inaugurale nella zona Cayos una volta terminata la stagione delle piogge.
Palamina Corp. (PLMNF) ha anunciado nuevos resultados de ensayos del trabajo de campo de febrero de 2025 en el proyecto de oro Usicayos, en la zona Sol de Oro (SDO) Norte en Perú. La compañía identificó una amplia nueva zona de cizalla mineralizada al sureste de SDO Norte, con muestreos continuos que arrojaron hasta 1m @ 7.86 g/t Au.
Los hallazgos clave incluyen una zona mineralizada situada entre las zonas SDO Norte y SDO Este, que demuestra una fuerte continuidad sobre una longitud de strike de más de 1 km. Los agujeros de perforación anteriores USI24-07 y USI24-08 mostraron resultados significativos de 35m @ 0.75 g/t Au y 52m @ 0.72 g/t Au respectivamente. Se descubrió una zona de cizalla mineralizada adicional a 150 metros más al este, con muestras que arrojaron hasta 1m @ 3.95 g/t Au.
La compañía planea iniciar un programa de perforación en 2025 para definir un recurso de oro en SDO Norte, probar el cruce SDO Norte-Sur a profundidad y completar la perforación inaugural en la zona Cayos una vez que termine la temporada de lluvias.
팔라미나 코퍼레이션 (PLMNF)는 페루의 우시카요 금 프로젝트 솔 데 오로(SDO) 북부 지역에서 2025년 2월 현장 작업의 새로운 분석 결과를 발표했습니다. 회사는 SDO 북부의 남동쪽에 광범위한 새로운 광물화 전단대를 확인했으며, 연속 채널 샘플링에서 1m @ 7.86 g/t Au의 결과를 얻었습니다.
주요 발견 사항은 SDO 북부와 SDO 동부 지역 사이에 위치한 광물화 구역으로, 1km 이상의 스트라이크 길이에서 강한 연속성을 보여주고 있습니다. 이전의 시추 구멍 USI24-07과 USI24-08은 각각 35m @ 0.75 g/t Au와 52m @ 0.72 g/t Au의 중요한 결과를 보였습니다. 150미터 더 동쪽에서 추가적인 광물화 전단대가 발견되었으며, 샘플에서 1m @ 3.95 g/t Au의 결과를 얻었습니다.
회사는 SDO 북부에서 금 자원을 정의하고, 깊이에서 SDO 북남 접합부를 테스트하며, 우기 이후 카요스 지역에서 최초의 시추를 완료하기 위한 2025년 시추 프로그램을 시작할 계획입니다.
Palamina Corp. (PLMNF) a annoncé de nouveaux résultats d'analyses issus des travaux de terrain de février 2025 sur son projet aurifère Usicayos, dans la zone Sol de Oro (SDO) Nord au Pérou. La société a identifié une large nouvelle zone de cisaillement minéralisée au sud-est de SDO Nord, avec des échantillonnages en continu donnant jusqu'à 1m @ 7.86 g/t Au.
Les principales découvertes incluent une zone minéralisée située entre les zones SDO Nord et SDO Est, démontrant une forte continuité sur une longueur de strike de plus de 1 km. Les précédents forages USI24-07 et USI24-08 ont montré des résultats significatifs de 35m @ 0.75 g/t Au et 52m @ 0.72 g/t Au respectivement. Une zone de cisaillement minéralisée supplémentaire a été découverte 150 mètres plus à l'est, avec des échantillons donnant jusqu'à 1m @ 3.95 g/t Au.
La société prévoit de lancer un programme de forage en 2025 pour définir une ressource en or à SDO Nord, tester le carrefour SDO Nord-Sud en profondeur et compléter le forage inaugural dans la zone Cayos une fois la saison des pluies terminée.
Palamina Corp. (PLMNF) hat neue Analyseergebnisse aus den Feldarbeiten im Februar 2025 im Goldprojekt Usicayos in der Nordzone Sol de Oro (SDO) in Peru bekannt gegeben. Das Unternehmen hat eine breite neue mineralisierte Scherzone südöstlich von SDO Nord identifiziert, wobei kontinuierliche Kanalproben bis zu 1m @ 7.86 g/t Au ergaben.
Wichtige Ergebnisse umfassen eine mineralisierte Zone zwischen den Zonen SDO Nord und SDO Ost, die eine starke Kontinuität über eine über 1 km lange Strike-Länge aufweist. Frühere Bohrlöcher USI24-07 und USI24-08 zeigten signifikante Ergebnisse von 35m @ 0.75 g/t Au und 52m @ 0.72 g/t Au. Eine zusätzliche mineralisierte Scherzone wurde 150 Meter weiter östlich entdeckt, wobei Proben bis zu 1m @ 3.95 g/t Au ergaben.
Das Unternehmen plant, ein Bohrprogramm für 2025 zu starten, um eine Goldressource in SDO Nord zu definieren, den SDO Nord-Süd-Knoten in der Tiefe zu testen und die erste Bohrung in der Cayos-Zone abzuschließen, sobald die Regenzeit endet.
- Discovery of new mineralized shear zone with high-grade samples (1m @ 7.86 g/t Au)
- Extension of known mineralization by 200 meters to southeast
- Strong continuity demonstrated over +1km strike length
- Target area for resource definition drilling doubled in width
- Drilling program delayed until end of rainy season
- scope of current sampling program
Toronto, Ontario--(Newsfile Corp. - March 25, 2025) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) announces assay results from field work completed in February of 2025 in the Sol de Oro ("SDO") North zone at its
Highlights:
- A broad new mineralized shear zone identified southeast of SDO North
- The new mineralized shear zone is located midway between the SDO North and SDO East zones indicating strong continuity over a +1km strike length
- Target area for SDO North resource definition drilling program has doubled in width
Andrew Thomson, President of Palamina, commented, "In 2024, Palamina's first two drill holes ever in the SDO North zone identified two broad zones of continuous gold mineralization open to the south, east and at depth. In February of 2025, our field crews have extended the initial 500 x 200 metre wide zone by another 200 metres to the south east. In 2025, a drill program is planned to test the SDO N zone to the south and test the juncture of the SDO North and SDO South zones."
Figure 1: Planned 2025 drill target areas to test extension of SDO N to the south and juncture of SDO N & SDO S structures
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Palamina's most recent mapping and sampling program identified a new shear zone located approximately 200 metres southeast of the SDO North mineralized zones. Individual mineralized shears within the broader zone are approximately 2 metres thick at surface and dip at a low angle to the south. Gold is associated with quartz veining within the shear zone. Continuous channel sampling in this area yielded up to 1m @ 7.86 g/t Au (see Figure 2 below). These shear zones are interpreted to be subparallel to the mineralized zones identified in drill holes USI24-07 (35m @ 0.75 g/t Au including 2m @ 8.45 g/t Au) and USI24-08 (52m @ 0.72 g/t Au including 8m @ 2.59 g/t Au). Palamina geologists believe that the SDO North mineralized zones may potentially be continuous where systematic drilling is required to define the full extent and continuity of the mineralized envelope.
A further mineralized shear zone was identified 150 metres further east where two channel samples yielded up to 1m @ 3.95 g/t Au. This shear zone, located 500 metres north of drill holes USI24-02 and USI2-03, may represent the northern extension of the SDO East zone and be part of a continuous corridor of gold-bearing shear zones linking the SDO East and SDO North zones.
Figure 2: Surface 1 metre channel sample results in the SDO North and northern extension of the SDO East zones
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In 2025, Palamina plans to complete a drilling program to begin to define a gold resource at SDO North, test the juncture of the SDO North and SDO South zones at depth and complete an inaugural round of drilling in the Cayos zone. Drilling is planned once the rainy season ends and road access is completed.
Sampling, QA/QC, and Analytical Procedures
Palamina follows systematic and rigorous sampling and analytical protocols which meet industry standards. These protocols are summarized below.
Palamina quality assurance/quality control ("QA/QC") protocol is implemented on all its exploration projects. Prior to delivery of samples to the analytical laboratory, Palamina QA/QC staff insert coarse and fine blank samples, field duplicates and certified standards into the sample stream with the objective to provide a check on precision, accuracy, and potential contamination issues in the laboratory. To assure best practice compliance, assay results are only reported once the results of internal QA/QC procedures have been reviewed and approved. Samples are collected and transported by Palamina personnel to the Certimin S.A preparation facility in Juliaca, Peru where they are processed and then sent for assay to the Certimin S.A. laboratory in Lima, Peru.
The Company uses both Fire Assay and metallic screening methodology to obtain accurate gold results, considering the presence of coarse gold. Metallic screening is a method designed to quantify the proportion of coarse gold in deposits where it has been observed. Metallic screening is used by Palamina only for intervals where quartz veining or presence of sulfides indicates possible coarse gold mineralization. At Usicayos, coarse gold has been observed both in drill core and in outcrops of the shear zone. Unlike conventional Fire Assay, where a 30g or 50g sample is analyzed, metallic screening requires a 1kg sample, which, following initial preparation, is screened to separate a fine grained portion (less than 106 microns) from a coarse grained one (over 106 microns). The fine-grained sub-sample is assayed using 30g nominal fire assay, while the coarse portion is assayed in its entirety. Each portion is weighed and a weighted average of both portions is reported. This method better quantifies the coarse grained portion.
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, Exploration of 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 Company's future business and exploration 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
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