Palamina Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants for One Year
Toronto, Ontario--(Newsfile Corp. - August 21, 2019) - Palamina Corp. (TSXV: PA) (the "Company" or "Palamina") announces that it has agreed to extend the expiry date of certain of its outstanding common share purchase warrants (the "Warrants") for an additional year. The new expiry date of these Warrants will be August 26, 2020. These Warrants were issued pursuant to a private placement of 7,166,667 units, which closed on February 26, 2018. For further information on the original issuance of...
2019-08-21 9:50 AM EDT
Palamina Samples High Grade Silver-Copper-Lead Mineralization at Lagos Project in South-Eastern Peru
Toronto, Ontario--(Newsfile Corp. - May 23, 2019) - Palamina Corp. (TSXV: PA) has completed first pass surface sampling on its Lagos Project in Peru and has identified a number of outcropping high-grade silver-copper-lead occurrences. Individual channel samples collected from outcropping veins on the property range from detection to highs of 1,135 g/t silver, 7.3% copper and 30% lead (see tables below). The road accessible Lagos Project is located southwest of the town of Santa Lucia in the...
2019-05-23 8:30 AM EDT
Palamina Agrees to Sell Two Projects to Helio Resource Corp.
Toronto, Ontario--(Newsfile Corp. - May 15, 2019) - Palamina Corp. (TSXV: PA) has signed a letter of intent ("LOI") to sell 100% of the application and mining rights to the Gaban Gold and Tinka I.O.C.G. Projects in Peru to Helio Resource Corp. ("Helio"; HRC:TSX.V). In exchange Palamina will receive a total of 10 million common shares of Helio and a 2% Net Smelter Return Royalty ("NSR") on each p
2019-05-15 10:44 AM EDT
Palamina Completes Final Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - March 29, 2019) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering (the "Offering") previously announced on March 1, 2019. In this final tranche, the Company raised a total of $152,200 for the issuance of 507,333 units (the "Units") at the price of $0.30 per Unit. Together with the first tranche announced on March 1, 2019, the...
2019-03-29 4:34 PM EDT
Palamina Completes First Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - March 1, 2019) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the "Offering") announced on January 31, 2019 and February 8, 2019. In this first tranche, the Company raised a total of $1,535,500 for the issuance of 5,118,332 units (the "Units") at the price of $0.30 per Unit. Up to an additional $664,500 is expected to be raised in a second...
2019-03-01 8:00 AM EST
Palamina Amends and Increases Previously Announced Private Placement
Toronto, Ontario--(Newsfile Corp. - February 8, 2019) - Palamina Corp. (TSXV: PA) announces that it has amended certain terms of its non-brokered private placement previously disclosed in a press release dated January 31, 2019. The offering, as amended, is hereinafter referred to as the Amended Offering. Pursuant to the terms of the Amended Offering, the Company will conduct a non-brokered private placement offering of up to 7,333,333 units ("Units") at a purchase price of $0.30 per Unit, for...
2019-02-08 9:00 AM EST
Palamina Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - January 31, 2019) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that it will conduct a non-brokered private placement offering (the "Offering") of up to 6,250,000 units ("Units") at a purchase price of $0.32 per Unit, for aggregate gross proceeds of up to $2,000,000. Each Unit consists of one common share ("Common Share") and one warrant (a "Warrant"). Each Warrant is exercisable to acquire one Common Share at a price of...
2019-01-31 9:00 AM EST
Palamina Submits DIA Application on the Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - January 14, 2019) - Palamina Corp. (TSXV: PA) has submitted a Declaración de Impacto Ambiental ("DIA") or Environmental Impact Declaration to the Peruvian Ministry of Energy and Mines for the Coasa Gold Project. The DIA is the primary environmental permit required prior to drilling. Andrew Thomson, President of Palamina stated, "Palamina has submitted for a DIA permit in order to carry out a drill program at the Coasa Gold Project. Once approved the DIA...
2019-01-14 9:00 AM EST
Palamina Files Coasa NI 43-101 Technical Report
Toronto, Ontario--(Newsfile Corp. - January 8, 2019) - Palamina Corp (TSXV: PA) has filed on SEDAR a technical report prepared in accordance with National Instrument 43-101 on the Coasa Gold Project in the Puno region of Peru. The Technical Report titled "NI 43-101 Technical Report Coasa Property Puno, Peru" with an effective data of October 24th, 2018 was prepared on behalf of Palamina Corp. by David Seers (QP), representative of Mining Plus. The NI 43-101 Technical Report may be found on...
2019-01-08 9:39 AM EST
Palamina Channel Sampling Results Underpin Extensive Surface Gold Mineralization at the Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - December 11, 2018) - Palamina Corp (TSXV: PA) has completed further channel sampling in the Veta Zone at the Coasa Gold Project in south eastern Peru. The most recent sampling results compliment previous surface sampling programs with channels collected partially as infill sampling along previously sampled outcrop as well as from previously unsampled outcrop occurrences. The Veta Zone continues to return high-grade gold mineralization highlighted by channel...
2018-12-11 9:42 AM EST
Palamina Completes Heli-Borne Geophysical Survey & Provides Update on Gaban and Bendi Gold Projects
Toronto, Ontario--(Newsfile Corp. - October 29, 2018) - Palamina Corp (TSXV: PA) has completed heliborne geophysical surveys over its Coasa, Gaban and Cori gold projects in the Puno Orogenic Gold Belt ("POGB") of Peru. In the POGB, gold mineralization frequently has an association with disseminated magnetic pyrrhotite hosted by quartz veins within regional shear zone structures. Palamina believes results from the heliborne magnetic survey will aid in outlining regional structures with the...
2018-10-29 10:44 AM EDT
Palamina Reports 3 Metres of 30.5 gpt Gold from the Cayos Gold Zone at Coasa
Toronto, Ontario--(Newsfile Corp. - October 4, 2018) - Palamina Corp (TSXV: PA) has conducted a reconnaissance sampling program in the recently defined Cayos gold zone south of the Veta gold zone at its Coasa Gold Project in south eastern Peru. On September 25, 2018, Palamina reported the discovery of 4 visible gold zones at Veta where chip sampling returned up to 620 g/t gold and channel sampling up to 1.8 metres of 19.6 g/t gold (see NR24). Surface gold mineralization at Veta covers an 800...
2018-10-04 8:00 AM EDT
Palamina Reports 620 gpt Gold & 1.8 Metres of 19.6 gpt Gold at Coasa Project in Peru
Toronto, Ontario--(Newsfile Corp. - September 12, 2018) - Palamina Corp.'s (TSXV: PA) recent field campaign at its Coasa Gold Project in south eastern Peru continues to confirm the presence of high grade gold at surface in the Veta Zone where continuous channel sampling returned 1.8 metres of 19.6 g/t gold and 0.9 metre of 103 g/t gold. The recently discovered zone of surface gold mineralization has now expanded to cover an 800 by 500 metre area and further selective rock-chip sampling in the...
2018-09-12 9:00 AM EDT
Palamina's Commences Heliborne Geophysical Survey Over Three Gold Projects in Peru
Toronto, Ontario--(Newsfile Corp. - August 21, 2018) - Palamina Corp. (TSXV: PA) reports that New-Sense Geophysics Limited has commenced a 3,083 line kilometer heliborne geophysical survey over its Coasa, Gaban and Cori gold projects in the Puno Orogenic Gold Belt ("POGB") in south-eastern Peru. In the POGB, gold mineralization frequently has an association with magnetic pyrrhotite within swarms of orogenic quartz veins and veinlets restricted to discrete, continuous packages in shear zone...
2018-08-21 9:14 AM EDT
Palamina Increases Land Position at the Bendi Gold Property in Peru
Toronto, Ontario--(Newsfile Corp. - July 17, 2018) - Palamina Corp. (TSXV: PA) has completed further staking to increase its title and application mining exploration rights to 18,900 hectares at the Bendi Gold Project in the Puno Orogenic Gold Belt (POGB) in southern Peru. The new staking was based on Palamina's current understanding of prospective geological structures in the Benditani Mine district and their relationship to historical and current operating small-scale gold mines in the...
2018-07-17 9:06 AM EDT
Palamina Clarifies July 5 News Release on Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - July 5, 2018) - Palamina Corp. (TSXV: PA): A trading halt was imposed by IIROC (Investment Industry Regulatory Organization of Canada) following the dissemination of Palamina's July 5 news release at 9:00 a.m. Toronto time, whereby IIROC requested clarification of certain statements. Clarifications and an amended release follow: Palamina was informed that use of the words visible gold in the title of the news release is overly promotional and has omitted it...
2018-07-05 5:02 PM EDT
Palamina Discovers Visible-Gold & Chip Sampling Returns 7 Metres of 4.2 gpt Gold on Coasa Project
Toronto, Ontario--(Newsfile Corp. - July 5, 2018) - Palamina Corp. (TSXV: PA) has discovered a new orogenic gold zone in the Veta target area at its Coasa Gold Project in south-eastern Peru. At Coasa, nine separate orogenic gold anomalous target areas have been prioritized into low, intermediate and high priority anomalies. Palamina´s latest sampling campaign focused on gaining an understanding of the potential of the highest priority Phusca and Veta anomalies. At Veta, recent mapping and...
2018-07-05 9:00 AM EDT
Palamina Increases Puno Holdings to Cover Structural Extensions to Known Gold Occurrences
Toronto, Ontario--(Newsfile Corp. - June 20, 2018) - Palamina Corp. (TSXV: PA) has completed further staking to expand its five 100% owned, district-scale gold projects in the Puno Orogenic Gold Belt ("POGB") located in southeastern Peru. The POGB is one of the least explored known orogenic gold belts. Palamina's projects in the POGB now cover over 77,000 hectares. All projects have been ground-truthed by artisanal, small-scale and informal miners who are generally limited to mining gold from...
2018-06-20 9:00 AM EDT
Palamina Contracts Airborne Geophysical Surveys on Its Coasa, Gaban & Cori Gold Projects
Toronto, Ontario--(Newsfile Corp. - May 22, 2018) - Palamina Corp. (TSXV: PA) has contracted New-Sense Geophysics Limited to conduct heliborne geophysical aeromagnetic-radiometric surveys on its Coasa, Gaban and Cori gold projects in south-eastern Peru. To date Palamina has acquired 5 projects in the Puno Orogenic Gold Belt ("POGB") including Coasa, Gaban and Cori. Known orogenic gold deposits within the POGB have a strong structural control where free gold occurs in association with...
2018-05-22 9:00 AM EDT
Palamina Completes Oversubscribed $2.15 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - February 26, 2018) - Palamina Corp. (TSXV: PA) has closed a non-brokered private placement offering of 7,166,667 Units at a purchase price of $0.30 per Unit, for aggregate gross proceeds of $2,150,000. On February 1, 2018, Palamina announced a $2,000,000 placement but due to demand elected to increase the placement by $150,000 yet remain under 30,000,000 shares outstanding. After giving effect to the financing Palamina has 29,621,381 shares outstanding....
2018-02-26 4:35 PM EST