Palamina Completes Drone Magnetic and Structural Studies in Preparation for Drilling at the Usicayos Gold Project
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 […]
Palamina to Acquire Aurania’s Peruvian Subsidiary For the Pluma Sediment-Hosted Copper Silver Project
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. (TSX.V: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 […]
Palamina Samples 26.67 g/t Gold Over 2 Metres from the Sol De Oro Zone at the Usicayos Gold Project
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, […]
Palamina Welcomes New V.P. Exploration and Advisors as Team Members
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 […]
Palamina Preparing to Drill the Heart of 4.5Km Long Orogenic Gold Trend at the Usicayos Gold Project
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, […]
Palamina Announces Grant of Stock Options
Palamina Corp.’s (TSX-V: 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 […]
Palamina Receives CDN$3,625,000 from Return of Capital to Winshear Shareholders
Palamina Corp.’s (TSX-V: PA, OTCQB: PLMNF) equity/royalty partner Winshear Gold Corp. (TSX-V: 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 […]
Palamina to Receive Non-Dilutive CDN$3.35M Net Payment From Winshear Gold on Return of Capital To Shareholders
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 […]
Palamina Wins With Winshear US$30,000,000 Settlement
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 […]
Palamina Comments on Winshear Gold Corp. Share Movement
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 […]