Securing and Advancing District Scale Gold Projects Driving Peru’s Modern Day Gold Rush

Palamina (TSX.V: PA OTCQB: PLMNF) has participation in 8 gold projects in south-eastern Peru in the Puno Orogenic Gold Belt (POGB).  Palamina’s Peruvian based exploration team have a cumulative 35 years’ experience in the POGB and are supported by a board of directors and advisors who are proven mine finders, deal makers and financiers. 

The modern day gold rush underway in south-eastern Peru expands every year. In excess of 85,000 informal workers are currently mining in areas covering > 700 square kilometres in the Amazon jungle at Madre de Dios (‘Mother of God’) and below a glacier in the high Andes at La Bella Durmiente (‘Sleeping Beauty’). The POGB is one of the worlds least formally explored orogenic gold belts. Palamina’s gold projects in the POGB have been partially ground-truthed by historic as well as current artisanal, small-scale and informal miners who are generally limited by operating conditions to mining gold from the top 50–100 metres below surface. Mineralized orogenic gold systems in the POGB extend vertically downwards to over 1,000 metres depth. Palamina is carrying out shadow of head frame exploration without the headframe. Palamina is driving shareholder value through discovery.

Palamina holds 14,500,000 common shares in Winshear Gold Corp and a 2% NSR on all Winshear projects in Peru. On December 8, 2023 Winshear completed a return of capital of CDN$0.25 per share where Palamina received a non-dilutive $3,625,000

Palamina's Usicayos Gold Project & Winshear Gold’s Gaban Gold Project are in drill discovery phase. Palamina and Winshear are both fully funded to carry out meaningfull drill programs in Q2 of 2024 after the end of the rainy season. Palamina retains a 15.4% fully diluted common share interest in Winshear and a 2% Net Smelter Return (“NSR”) royalty on all Winshear projects. Palamina hosts a significant land bank of gold projects in the POGB.