Palamina (PA) has returned 5.1 g/t gold over 4 m (surface) and 15.4 g/t gold over 2.7 m (underground) from its Usicayos Gold Project in Peru The results stem from the second field program in the Sol de Oro Zone completed in December 2022 President and CEO Andrew Thomson spoke with Sabrina Cuthbert about the new gold results and future exploration Palamina is active across nine gold projects as well as select silver and copper assets in Peru Palamina (PA) is up by 5.88 per cent, trading at $ 0.09 per share
Palamina (PA) has returned 5.1 g/t gold over 4 m (surface) and 15.4 g/t gold over 2.7 m (underground).
The results stem from the second field program in the Sol de Oro Zone (SDO), completed in December 2022 at its Usicayos Gold Project in Peru.
The company has identified four mineralized gold systems at SDO that are structurally well-defined and continuous at surface, three at SDO South and one at SDO North. Sampling tested the continuity of gold mineralization across these systems.
The aforementioned results stem from SDO North. At SDO South, channel sampling returned a broader zone of 3.4 g/t gold over 14 m at surface and 23 g/t gold over 0.7 m underground.
President and CEO Andrew Thomson spoke with Sabrina Cuthbert about the new gold results and future exploration.
Usicayos features a 4.5 km mineralized gold trend made up of SDO SW, the central Cayos Zone and the NE Veta Zone.
Palamina has scheduled the Cayos and SDO zones for drill testing later this year. It is also planning further geological mapping and follow-up systematic underground sampling in April 2023.
Select results from surface and underground channel samples at SDO N ZONESAMPLETYPE LENGTH (m)Au (g/t)SDO NSurfaceChannel 6.205.1SDO NSurfaceChannel 2.003.0SDO NSurfaceChannel 13.001.5Including 6.002.1SDO NSurfaceChannel 7.001.2Including 1.004.4SDO NUndergroundChannel 2.7015.4SDO NUndergroundChannel 1.2014.5SDO NUndergroundChannel 1.0010.9SDO NUndergroundChannel 1.506.6SDO NUndergroundChannel 1.006.4SDO NUndergroundChannel 1.405.6SDO NUndergroundChannel 2.204.8SDO NUndergroundChannel 1.604.1SDO NUndergroundChannel 1.003.3SDO NUndergroundChannel 1.201.3SDO NUndergroundChannel 1.001.1SDO NUndergroundChannel 2.301.0 Channel samples from SDO South (mineralization is in three separate structures) SDO S ZONESAMPLETYPE LENGTH (m)Au (g/t)SDO SSurfaceChannel 1.09.7SDO SSurfaceChannel 1.05.3SDO SSurfaceChannel 1.04.1SDO SSurfaceChannel 4.44.2Including 1.017.3SDO SSurfaceChannel 4.63.8SDO SSurfaceChannel 1.33.6SDO SSurfaceChannel 14.03.4SDO SSurfaceChannel 4.03.1SDO SSurfaceChannel 2.02.6SDO SSurfaceChannel 2.52.1SDO SSurfaceChannel 4.42.2SDO SSurfaceChannel 10.02.1Including 3.05.5SDO SSurfaceChannel 12.51.6Including 4.44.2SDO SSurfaceChannel 3.31.5SDO SSurfaceChannel 3.01.3SDO SSurfaceChannel 1.41.3SDO SSurfaceChannel 1.01.1SDO SSurfaceChannel 2.50.9SDO SSurfaceChannel 2.50.9SDO SUndergroundChannel 0.723.0SDO SUndergroundChannel 0.75.5SDO SUndergroundChannel 2.54.9SDO SUndergroundChannel 0.92.7SDO SUndergroundChannel 1.51.5 SDO SW ZONESAMPLETYPE LENGTH (m)Au (g/t)SDO SWSDO-SWChannel 1.05.3SDO SWSDO-SWChannel 2.04.2SDO SWSDO-SWChannel 10.31.6Including 1.212.7SDO SWSDO-SWChannel 18.81.4Including 4.02.4Including 3.03.8 SDO SE ZONESAMPLETYPE LENGTH (m)Au (g/t)SDO SESurfaceChannel 16.02.0Including 2.013.1SDO SESurfaceChannel 21.11.1Including 4.02.1SDO SESurfaceChannel 1.01.3SDO SESurfaceChannel 2.01.0
Palamina is active across nine gold projects as well as select silver and copper assets in Peru. The company holds a 19.9-per-cent equity interest in Winshear Gold, which is advancing the Gaban Gold Project to the drill-discovery phase.
Palamina Corp. (PA) is up by 5.88 per cent, trading at $ 0.09 per share as of 9:43 am EST.
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Palamina (TSXV:PA) encounters surface and underground gold at Usicayos