Palamina holds interests in eight gold projects in Southeastern Peru’s Puno gold belt, including the Usicayos gold project and the Galena silver-copper project. They own 15.4% of Winshear Gold Corp, which is developing the Gaban gold project. Listed on TSXV as PA, Palamina targets large gold systems using advanced drilling and exploration techniques to maximize their resource potential.
Andrew Thomson, President and CEO of Palamina, joined the Online Investment Conference to share the company’s story.
WATCH IT HERE: Discovering the Source of Peru’s Modern Day Gold Rush – Palamina
TSX.V: PA | OTCQB: PLMNF
HEAD OFFICE
145 King Street West, Suite 2870
Toronto, ON M5H 1J8
T: (416) 204-7536
E: contact@palamina.com
W: palamina.com
For more information, contact:
Andrew Thomson, President and CEO
Key Presentation Insights…
Palamina holds interests in eight gold projects in Southeastern Peru’s Puno orogenic gold belt. The company is advancing the Usicayos gold project through drill discovery, holds rights to the Galena silver-copper project, and owns a 15.4% equity interest in Winshear Gold Corp, which is advancing the Gaban gold project. Palamina is listed on the TSX Venture Exchange under the symbol PA and the OTCQB as PLMNF.
Projects
After selling Soltoro Resources to Agnico Eagle, the properties that eventually became Palamina were spun out. Palamina focuses on identifying tier-one gold deposits in Peru, specifically in areas previously overlooked due to lack of road access. The construction of the Intercontinental Highway in 2008 opened up new opportunities in the Puno region, an area rich in million-ounce gold deposits and informal mining activity.
Usicayos Gold Project
The Usicayos gold project is their flagship property. They have conducted extensive staking, leading to a large land position of approximately 70,000 hectares. Their primary focus is on the shear zone where they have identified multiple high-priority zones for drilling. In 2022, they initiated their first drill program, encountering significant high-grade surface results. They are now preparing for the next phase of drilling, targeting the most promising areas.
Gaban Gold Project
Palamina holds a 15.4% equity interest and a 2% royalty in Winshear Gold Corp, which is advancing the Gaban gold project. This project benefits from excellent infrastructure, including proximity to the Intercontinental Highway and the San Gaban hydroelectric dam. Winshear’s upcoming 2,000-meter diamond drill program aims to explore this highly prospective area.
Exploration Strategy
Their exploration strategy focuses on maximizing the potential of their projects through systematic drilling and thorough geological analysis. They employ advanced techniques such as airborne magnetic surveys and drone surveys to define geophysical targets. By identifying and prioritizing high-potential zones, they aim to discover significant gold mineralization and expand their resource base.
Critical Metals Focus
In addition to their gold projects, Palamina is exploring opportunities in critical metals. They hold interests in high-grade copper-silver projects, which they plan to spin out into a new company. This diversification strategy positions them to capitalize on the growing demand for critical metals, particularly in light of increasing copper prices.
Investment Opportunity
Palamina offers a compelling investment opportunity with two fully funded drill programs underway. They are targeting large orogenic gold systems in a region with significant untapped potential. Their experienced team, strong financial position, and strategic partnerships with major mining companies provide a solid foundation for growth. As they continue to advance their projects and explore new opportunities, they are well-positioned to deliver value to their shareholders.
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