Palamina Bulk Sample Returns 3.6 gpt Gold at the Usicayos Gold Project, Peru
Toronto, Ontario--(Newsfile Corp. - July 22, 2024) - Palamina Corp.'s (TSXV: PA) (OTCQB: PLMNF) 100% owned Usicayos Gold Project is located in the Puno Orogenic Gold Belt where nuggety coarse gold makes it challenging to establish continuity of gold grades. In 2024 Palamina has completed metallic screening, a PhotonAssay® check sampling program and a bulk sample mineralogical study to establish an optimized sampling protocol to minimize variances in gold grades due the nugget effect. For this...
2024-07-22 8:30 AM EDT
Palamina Completes Drone Magnetic and Structural Studies in Preparation for Drilling at the Usicayos Gold Project
Toronto, Ontario--(Newsfile Corp. - July 15, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has completed a drone-based magnetic survey over the entire 4.5 km long mineralized gold trend at its 100% owned Usicayos Gold Project in the department of Puno in south eastern Peru. The survey was carried out by Lima-based geophysical contractor Deep Sounding E.I.R.L and included generating a detailed Digital Terrain Model ("DTM") and acquiring an orthophoto to generate a new high-resolution...
2024-07-15 8:30 AM EDT
Palamina to Acquire Aurania's Peruvian Subsidiary for the Pluma Sediment-Hosted Copper Silver Project
Toronto, Ontario--(Newsfile Corp. - June 10, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has signed a Share Purchase Agreement (the "Agreement") to acquire 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. ("Vicus") from Aurania Resources Ltd. (TSXV: ARU) for a consideration of 350,000 common shares of Palamina and a 1% Net Smelter Return ("NSR") royalty. Palamina may buy back half of the NSR for $1,000,000. Palamina has an "acquire and hold" strategy for its existing...
2024-06-10 8:00 AM EDT
Palamina Samples 26.67 GPT Gold over 2 Metres from the Sol De Oro Zone at the Usicayos Gold Project
Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) announces initial assay results from its first 2024 field campaign in the Sol de Oro Zone ("SDO") at its 100% owned Usicayos Gold Project. Usicayos is located in southeastern Peru and hosts a 4.5 km long mineralized orogenic gold trend to include the southwestern SDO Zone, the central Cayos Zone, and the northeastern Veta Zone. In 2024, inaugural drill programs are planned in the SDO Zone then the...
2024-05-29 8:30 AM EDT
Palamina Welcomes New VP Exploration and Advisors as Team Members
Toronto, Ontario--(Newsfile Corp. - April 1, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has appointed Alvaro Fernandez-Baca as V.P. Exploration and Hall Stewart and Jerry Blackwell as advisors to complement our discovery team in Peru. We would like to thank Jerry Blackwell for previously acting as lead geologist and for his continued support in his new role as advisor. "Palamina is pleased to welcome Alvaro Fernandez-Baca and Hall Stewart as new members of our team. Each brings a wealth...
2024-04-01 8:30 AM EDT
Palamina Preparing to Drill the Heart of 4.5 Km Long Orogenic Gold Trend at the Usicayos Gold Project
Toronto, Ontario--(Newsfile Corp. - February 29, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) completed its latest field program at its 100% owned Usicayos Gold Project (the "Project") in the Sol de Oro Zone ("SDO") in December 2023. Usicayos is located in southeastern Peru and hosts a 4.5 km long mineralized orogenic gold trend to include the southwestern SDO Zone, the central Cayos Zone, and the northeastern Veta Zone. Drilling is scheduled to commence in Q2 of 2024. The SDO zone is...
2024-02-29 8:30 AM EST
Palamina Announces Grant of Stock Options
Toronto, Ontario--(Newsfile Corp. - December 15, 2023) - Palamina Corp.'s (TSXV: PA) (OTCQB: PLMNF) has granted 1,585,000 incentive stock options to certain officers, directors, advisors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.15 per common share. The options granted to officers and directors and advisors expire on December 15, 2028 and the options granted to the consultants expire on December 15, 2025. About Palamina Corp. Palamina has...
2023-12-15 10:25 PM EST
Palamina Receives CDN$3,625,000 from Return of Capital to Winshear Shareholders
Toronto, Ontario--(Newsfile Corp. - December 14, 2023) - Palamina Corp.'s (TSXV: PA) (OTCQB: PLMNF) equity/royalty partner Winshear Gold Corp. (TSXV: WINS) provided a return of capital of CDN$0.25 per share on December 8, 2023 to Winshear shareholders, resulting in a non-dilutive payment of $3,625,000 to Palamina. Palamina continues to own 14,500,000 common shares of Winshear representing 15.4% of their outstanding shares. "Post Winshear's return of capital to shareholders, both Palamina and...
2023-12-14 8:00 AM EST
Palamina to Receive Non-Dilutive CDN$3.35M Net Payment from Winshear Gold on Return of Capital to Shareholders
Toronto, Ontario--(Newsfile Corp. - October 26, 2023) - Palamina Corp.'s (TSXV: PA) (OTCQB: PLMNF) equity/royalty partner Winshear Gold Inc. (TSXV: WINS) ("Winshear") has declared a return of capital of CDN$0.25 per share to Winshear shareholders payable December 8, 2023. Palamina holds 13,422,000 common shares and 1,321,000 warrants in Winshear and a 2% NSR on all its projects in Peru. Winshear recently received a net settlement payment from the Tanzanian Government in excess of CDN...
2023-10-26 8:00 AM EDT
Palamina Wins with Winshear US$30,000,000 Settlement
Toronto, Ontario--(Newsfile Corp. - October 16, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) equity/royalty partner Winshear Gold Inc. (TSXV: WINS) ("Winshear") has received a settlement payment of US$30,000,000 from the Tanzanian Government as compensation for the expropriation of Winshear's SMP gold deposit in Tanzania. Palamina holds 13,422,000 common shares and 1,321,000 warrants in Winshear Gold Corp. (representing an 18.5% partially diluted share position) and a 2% NSR on all its...
2023-10-16 9:19 AM EDT
Palamina Comments on Winshear Gold Corp. Share Movement
Toronto, Ontario--(Newsfile Corp. - September 19, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) currently holds 13,422,000 common shares and 1,321,000 warrants in Winshear Gold Corp. (TSXV:WINS) representing an 18.5% partially diluted share position. In February of 2023 Winshear completed arbitration proceedings against the Tanzanian Government to recover damages for the expropriation of its SMP Gold Deposit in Tanzania. The arbitration proceedings were held at the International Centre for...
2023-09-19 11:29 AM EDT
Palamina Receives US$ 50,000 Advance Royalty Payment from Winshear Gold Corp
Toronto, Ontario--(Newsfile Corp. - August 31, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has received a US$50,000 Advance Royalty ("AR") payment from Winshear Gold Corp. (TSXV: WINS) ("Winshear"). The AR payment was due pursuant to a property purchase agreement signed and approved on September 19, 2019 which outlines annual AR anniversary payments and a 2% NSR royalty per project subject to terms of the purchase agreement. In September of 2024 a US$100,000 payment is due from Winshear...
2023-08-31 9:09 AM EDT
Palamina Completes $750,000 Private Placement
Toronto, Ontario--(Newsfile Corp. - June 15, 2023) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") has closed its non-brokered private placement offering (the "Offering") announced on May 15, 2023. The Company raised a total of $750,000 for the issuance of 6,000,000 units (the "Units") at a price of $0.125 per Unit. Each Unit consists of one common share ("Common Share") and one warrant (each a "Warrant"). Each whole Warrant is exercisable to acquire one Common Share at a price of...
2023-06-15 3:44 PM EDT
Palamina Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - May 15, 2023) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") will conduct a non-brokered private placement offering (the "Offering") of up to 6,000,000 units ("Units") at a purchase price of $0.125 per Unit, for aggregate gross proceeds of up to $750,000. Each Unit consists of one common share ("Common Share") and one warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one Common Share at a price of $0.25 for a period of 24 months...
2023-05-15 8:23 AM EDT
Palamina Receives Approval to Drill in the Cayos and Sol De Oro Zones at the Usicayos Gold Project in Peru
Toronto, Ontario--(Newsfile Corp. - April 5, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has received approval of the modification of its Environmental Impact Study or Declaración de Impacto Ambiental permit ("DIA") to include the newly acquired Sol de Oro ("SDO") and Cayos Zones. The DIA allows for up to 40 drill pads. Five drill pads were constructed in the Veta Zone during the initial drill program and 35 permitted drill pads sites remain available under the DIA. The diamond drill rig...
2023-04-05 8:00 AM EDT
Palamina's Equity Partner Winshear Gold Completes Arbitration Hearing Against the Government of Tanzania for the Expropriation of Its SMP Gold Project
Toronto, Ontario--(Newsfile Corp. - February 21, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) holds 13,422,000 shares and 1,321,000 warrants representing a 19.99% partially diluted share position in Winshear Gold Corp. (TSXV: WINS). The following news release was disseminated by Winshear today: Winshear Gold Corp. (TSXV: WINS), ('Winshear', the 'Company', or the 'Claimant'), completed the evidentiary hearing for arbitration on Thursday February 16, 2023 at the Washington offices of ICSID,...
2023-02-21 8:00 AM EST
Palamina's Equity Partner Winshear Gold Commences Arbitration Proceedings Against the Government of Tanzania for the Expropriation of Its SMP Gold Project
Toronto, Ontario--(Newsfile Corp. - February 13, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) holds 13,422,000 shares and 1,321,000 warrants representing a 19.99% partially diluted share position in Winshear Gold Corp. (TSXV: WINS). The following news release was disseminated by Winshear today: Winshear Gold Corp. (TSXV: WINS) ('Winshear', the 'Company', or the 'Claimant'), formerly Helio Resource Corp., provides the following update on the dispute with the United Republic of Tanzania...
2023-02-13 8:00 AM EST
Palamina Returns 5.1 g/t Gold over 4 Metres at Surface and 15.4 g/t Gold over 2.7 Metres Underground at the Usicayos Gold Project
Toronto, Ontario--(Newsfile Corp. - January 30, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) completed its second field program in the Sol de Oro Zone ("SDO") at the Usicayos Gold Project in December 2022. Palamina acquired the SDO Zone in June of last year. At Usicayos a 4.5 km mineralized gold trend has been defined made up of the southwestern SDO Zone, central Cayos Zone and northeastern Veta Zone. Six drill holes were completed in the Veta Zone in 2021 and 2022. The Cayos and SDO...
2023-01-30 7:30 AM EST
Palamina Management and Board Changes
Toronto, Ontario--(Newsfile Corp. - November 30, 2022) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) welcomes the appointments of Peter Bojtos P.Eng. as a new director and Michael Farrant as Chief Financial Officer ("CFO") effective November 30, 2022. Peter Bojtos is replacing departing director Hugh Agro and Michael Farrant replacing departing CFO Brian Jennings. Palamina would like to thank Hugh and Brian for the tremendous input and support they have provided Palamina over many years. "Peter...
2022-11-30 7:54 AM EST
Palamina Sol De Oro Zone Returns 0.9 Metres of 200 g/t Gold at the Usicayos Gold Project
Toronto, Ontario--(Newsfile Corp. - September 20, 2022) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) Field work completed in the newly acquired Sol de Oro Zone at the Usicayos Gold Project has returned values up to 0.9m of 200 g/t gold with multiple visible gold occurrences prospected. The most recent mapping and rock sampling focused on the Sol de Oro ("SDO") area. In 2021/2022 six inaugural drill holes were completed in the Veta Zone to test the north eastern portion of the 4.5 km long gold...
2022-09-20 10:11 AM EDT