Palamina Corp is a tightly focused gold exploration company operating in one of the world’s most geologically endowed and historically underexplored jurisdictions — southeastern Peru. Led by veteran geologist and mining executive Andrew Thomson, the company is advancing the Usicayos Gold Project, a high-grade, structurally controlled gold system located in the Puno Orogenic Gold Belt.
With drill-ready targets, local expertise, and a track record of discovery, Palamina is positioned to unlock the untapped potential of Peru’s next major gold district — and provide significant leverage for investors seeking exposure to high-grade gold in a world-class mining jurisdiction.
Why Peru? Why Puno?
Peru is the world’s second-largest producer of copper and a top-10 gold producer — yet much of the country remains underexplored, especially for orogenic-style gold systems. The Puno region, in particular, has historically been overlooked due to its high elevation and limited infrastructure. But with improved access, rising gold prices, and renewed interest in Latin American exploration, that’s quickly changing.
Palamina has established a dominant land position in the emerging Puno Orogenic Gold Belt, a structural corridor hosting high-grade, quartz-vein–controlled gold systems with analogues to world-class orogenic belts globally.
The Usicayos Gold Project: Drill-Ready Discovery
Palamina’s flagship asset is its 100%-owned Usicayos Gold Project, located in the Puno region. The property spans over 4,800 hectares and contains multiple gold-bearing structures exposed at surface. Historical artisanal workings, high-grade grab samples, and extensive geologic mapping have outlined at least six major zones of interest, including:
- Veta Zone: The main target area, with gold values up to 42 g/t from surface samples.
- Usicayos East and West: Structurally defined gold systems with quartz-carbonate veining and visible gold.
- Central Zone: A zone of significant alteration and geophysical anomalies suggesting deep-seated potential.
Palamina has completed extensive groundwork including airborne magnetics, trenching, channel sampling, and community consultation. Importantly, the company has already received the environmental and community permits required for drilling and is drill-ready at multiple high-priority zones.
A Tight Share Structure and Lean Operating Model
Palamina runs a highly efficient and focused operation. The company has fewer than 80 million shares outstanding, and insiders, including management and key shareholders, hold a significant position. This alignment ensures that exploration capital is used strategically and that the team is incentivized to deliver results.
The company’s lean model allows for low-cost exploration and fast deployment of resources in the field. With a permanent base in Puno and a well-established community engagement process, Palamina is well positioned to move quickly as market conditions align.
Discovery-Based Upside in a Rising Gold Market
The gold sector is once again capturing investor attention, with central banks buying at record levels and inflationary pressures driving renewed interest in hard assets. In this environment, high-grade discoveries in mining-friendly jurisdictions can deliver outsized returns — especially when they’re made by small, tightly held juniors with advanced groundwork already in place.
Palamina fits that model perfectly. The company is not a large land-banker hoping for option deals — it is an active explorer with boots on the ground, high-quality targets, and a clear path to drilling.
“Our thesis is simple: Peru has world-class gold potential, and we’ve positioned Palamina to make a significant discovery in one of the most prospective belts in the country.” – Andrew Thomson
Community Engagement and ESG
Palamina understands that successful exploration in Peru — or anywhere — requires not just technical success, but social license. The company has built strong local relationships, employed community-based teams for fieldwork, and maintained transparent communication with stakeholders. This commitment to ESG has not only supported permitting but has also helped build long-term trust in the region.
Value Proposition: Early-Stage with Advanced Readiness
Palamina is one of the few juniors operating in Peru with a fully permitted, drill-ready orogenic gold project in a frontier belt that major companies are beginning to watch closely. With drilling anticipated, any significant intercepts could dramatically re-rate the company’s valuation.
In a sector where discovery is the ultimate catalyst, Palamina offers investors rare exposure to a high-potential system in the hands of a focused, experienced team.
TSX.V: PA | OTCQB: PLMNF
For more information, contact:
Andrew Thomson, President and CEO
T: (416) 204-7536
E: contact@palamina.com
W: palamina.com
