Palamina Corp.

Palamina Corp. has closed its non-brokered private placement offering announced on May 15, 2023. The Company raised a total of $750,000 for the issuance of 6,000,000 units at a price of $0.125 per Unit. Each Unit consists of one common share and one warrant . Each whole Warrant is exercisable to acquire one Common Share at a price of $0.25 for a period of two years after the date of issuance. Net proceeds of the Offering [...]

Palamina Corp. will conduct a non-brokered private placement offering of up to 6,000,000 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 and one warrant . Each whole Warrant is exercisable to acquire one Common Share at a price of $0.25 for a period of 24 months from the closing date. Net proceeds of the Offering will be used for further [...]

Palamina Corp. has received approval of the modification of its Environmental Impact Study or Declaración de Impacto Ambiental permit to include the newly acquired Sol de Oro 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 remains at site where [...]

Palamina Corp. holds 13,422,000 shares and 1,321,000 warrants representing a 19.99% partially diluted share position in Winshear Gold Corp. . The following news release was disseminated by Winshear today: Winshear Gold Corp. , , completed the evidentiary hearing for arbitration on Thursday February 16, 2023 at the Washington offices of ICSID, an organisation of the World Bank Group. Richard Williams, CEO of Winshear Gold [...]

Palamina Corp. holds 13,422,000 shares and 1,321,000 warrants representing a 19.99% partially diluted share position in Winshear Gold Corp. . The following news release was disseminated by Winshear today: Winshear Gold Corp. , formerly Helio Resource Corp., provides the following update on the dispute with the United Republic of Tanzania which is the subject of arbitration through the International Centre for Settlement [...]

Palamina Corp. completed its second field program in the Sol de Oro Zone 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 zones have never been [...]

Palamina Corp. welcomes the appointments of Peter Bojtos P.Eng. as a new director and Michael Farrant as Chief Financial Officer 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 Bojtos is a senior [...]

Palamina Corp. 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 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 trend defined to [...]

Palamina Corp. has received additional assay results from two additional 2022 geochemical and hand trenching programs and has consolidated and increased its land package at its Galena Silver Copper Project in SE Peru. Galena sits at the juncture of the Santa Lucia mining district to the northeast and within what is referred to locally as the Las Bambas copper trend to the northwest. In April of 2022, Palamina staked an [...]

Palamina Corp. has received a US$50,000 Advance Royalty payment from Winshear Gold Corp. . 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. Palamina currently holds 13,422,000 shares and 1,321,000 warrants representing a 19.99% partially [...]