Palamina Corp. announces that it has filed a closeout early warning report in respect of its holdings of common shares of Winshear Gold Corp. . On April 25, 2025, Palamina disposed of 4,833,333 Winshear Shares, representing approximately 15.38% of the issued and outstanding Winshear Shares, for gross proceeds of $290,000 , . Immediately after giving effect to the Disposition, the Company no longer holds, directly or [...]
Palamina Corp. On April 11, 2025 Palamina received notice from Winshear Gold Corp. that they have offered to return 100% ownership of the Gaban Gold and Ica Copper Gold projects to Palamina as per the May 14, 2019 purchase and sale agreement. Palamina has advised Winshear that it intends to take back ownership of both projects. Palamina is conducting a review of the claim blocks for both properties and may only retain a [...]
Palamina Corp. announces assay results from field work completed in February of 2025 in the Sol de Oro North zone at its 100% owned Usicayos gold project in Peru. Limited mapping and sampling programs are being completed in advance of a planned 2025 drill program. Highlights: A broad new mineralized shear zone identified southeast of SDO North The new mineralized shear zone is located midway between the SDO North and SDO [...]
Palamina Corp. has completed an initial systematic soil sampling program utilizing a hand held XRF spectrometer at its 100% owned Galena Silver Copper Project in south-eastern Peru. Highlights: Over 900 soil samples collected in 3 zones Large silver, copper, manganese anomalies outlined in areas with quaternary cover Manganese pathfinder element for Carbonate Replacement Deposits in the district NW-SE and NE-SW [...]
Palamina Corp. has concluded its 2024 scout drill program in the Sol de Oro zone at its Usicayos Gold Project in Peru. Highlights: Broad intervals of gold mineralization in both the SDO S and SDO N zones Drilling identifies blind mineralized intrusive within a 0.63 g/t Au over 40m intercept Gold assays up to 24.6 g/t over 0.5m Results from 5 drillholes completed in the SDO South and SDO North zones are as follows: Zone [...]
Palamina Corp. continues to advance it's 100% owned Galena Silver Copper Project located in the Santa Lucia district in the Puno region of Peru. Galena covers a series of high-grade copper-silver bearing quartz veins in the historic Santa Rosa mine district as well as multiple copper oxide and lead sulfide occurrences where the Company is exploring for Carbonate Replacement Deposit's . Mineralization at Galena is hosted [...]
Palamina Corp. has completed the first six holes and tested two of three zones in its inaugural drilling program in the Sol De Oro Zone at its Usicayos gold project in SE Peru. The host shear structure at SDO is approximately 1.5 km in width by 2.2 km in strike length. Mineralization is found along continuous ductile deformation zones with abundant quartz veining occurring parallel to foliation. These mineralized zones [...]
Palamina Corp. is drilling at its Usicayos Gold Project in the Puno Orogenic Gold Belt in south eastern Peru where the Company has 6 distinct exploration projects . Three diamond drill holes have been completed in the SDO East Zone at Usicayos. A fourth hole in the SDO South Zone is complete with hole 5 underway. Palamina is now reaching the halfway point in its 3,000 metre drilling program. At the same time, [...]
Palamina Corp. has acquired 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. from Aurania Resources Ltd. . Vicus is now a wholly owned Peruvian subsidiary of Palamina Corp. Aurania received 350,000 common shares of Palamina and was granted a 1% Net Smelter Return royalty on the Pluma sediment-hosted copper silver project as full payment for the purchase of Vicus. Palamina may buy back half of the royalty [...]
Palamina Corp. has received a US$100,000 Advance Royalty payment from Winshear Gold Corp. . The AR payment was due pursuant to a property purchase agreement signed on September 19, 2019. The agreement sets out annual AR anniversary payments and a 2% NSR royalty per project due to Palamina from Winshear. In September of 2025 a further US$100,000 payment is due from Winshear to Palamina to maintain Winshear's Gaban and Ica [...]
Palamina Corp. has commenced drilling in the Sol de Oro zone at its 100% owned Usicayos Gold Project in south eastern Peru. Drill equipment was successfully mobilized and a fully functioning field camp is in place to support the program. Seven diamond drill holes totaling approximately 3,000 metres are planned to test the SDO East, SDO South and SDO North zones. Company geologists have identified continuous, high-grade [...]
Palamina Corp.'s 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 first [...]