Welcome to our dedicated page for Palamina news (Ticker: PLMNF), a resource for investors and traders seeking the latest updates and insights on Palamina stock.
Palamina Corp. (OTCQB: PLMNF) news covers the company’s ongoing exploration activities in Peru, particularly its land bank of gold projects in the Puno Orogenic Gold Belt and its copper-silver and silver-copper-manganese projects in southeastern and northeastern Peru. Company releases highlight work programs, technical results and project-level decisions that shape the exploration story.
Recent news has focused on drill and sampling results at the Usicayos gold project, where Palamina reports broad zones of gold mineralization in the Sol de Oro North and South zones and high-grade channel sampling results in the Cayos zone. Updates describe how new shear zones, structural interpretations and follow-up drilling plans are being used to refine targets and advance the project.
Palamina also issues regular updates on the Galena Silver Copper Manganese Project in the Santa Lucia district. News items describe remote sensing surveys, portable XRF soil sampling, manganese, silver and copper anomalies, and planned gravity surveys aimed at identifying Carbonate Replacement Deposit style mineralization. Additional releases discuss the acquisition of the Esperanza concession adjacent to the Berenguela deposit and the status of the Gaban Gold and Ica Copper-Gold projects, including transfers of ownership and historical drilling and geophysical work.
Investors following PLMNF news can use this page to review Palamina’s exploration results, project acquisitions, property transfers and corporate updates as disclosed in its public news releases.
Palamina (OTCQB: PLMNF) acquired 100% of the Esperanza concession, a 60.75 hectare claim in the Santa Lucia district of southeastern Peru, for US$18,000 with no royalties payable.
Esperanza lies adjacent to Aftermath's Berenguela silver-copper-manganese project, which hosts a reported 122.5 million oz Ag in Measured and Indicated and 22.0 million oz Ag Inferred. Palamina's field visit identified the same outcropping limestone unit and a NW-SE trending carbonate sequence that hosts Berenguela mineralization.
Palamina commissioned WorldView-3 hyperspectral mapping; initial results indicate the Berenguela manganese trend extends into Esperanza. The company plans detailed mapping and sampling in early 2026 and continues advancing its nearby Galena project.
Palamina Corp. (OTCQB: PLMNF) has completed an expanded soil and subcrop sampling program at its 100%-owned Galena Silver Copper Manganese Project. The second XRF sampling campaign collected 730 samples, revealing two distinct northwest-southeast mineralized trends with significant silver, copper, and manganese anomalies.
Key findings include XRF values up to 440 g/t silver, 0.6% copper, and 2.7% manganese within Tertiary volcanics at surface. The southernmost anomaly extends over 3km by 1.5km, with both trends remaining open. Previous rock sampling from the Rosa and Azul zones returned impressive values of up to 1,135 g/t Ag, 5.2% Cu, 0.69% Mn and 584 g/t Ag, 7.1% Cu, 0.47% Mn respectively.
The company plans additional XRF soil sampling and a property-wide gravity survey to prioritize drill targets at the previously undrilled project.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) has announced the complete divestment of its holdings in Winshear Gold Corp (TSXV: WINS). The company disposed of 4,833,333 Winshear shares, representing 15.38% of outstanding shares, for gross proceeds of $290,000 at $0.06 per share on April 25, 2025.
Following Winshear's decision to exit Peru, Palamina plans to reclaim ownership of the Gaban gold and Ica copper-gold projects, with the transfer expected to complete by July 2025. The projects, originally sold to Winshear in May 2019, saw total expenditure of $4,097,709 on acquisition and exploration, including the 2024 drill program at Gaban.
Palamina's total returns from the Winshear relationship include $300,930 in advance royalty payments, a $3,625,000 return of capital in December 2023, and $290,000 from the recent share disposition.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) announced that Winshear Gold Corp has offered to return 100% ownership of the Gaban Gold and Ica Copper Gold projects in Peru. The offer was received on April 11, 2025, and Palamina intends to accept it, though they may retain only a portion of the claims.
The Gaban Gold project's inaugural drill program in late 2025 yielded notable results, including 4 metres of 5.04 g/t gold and 21 metres of 1.29 g/t gold in the Coritiri zone. The program was cut short due to early rainy season. The project is located in the Puno Orogenic Gold Belt, approximately 80 km northwest of Palamina's Usicayos project.
The Ica Copper Gold project, situated 50 km east of Ica city, has identified numerous exploration targets through a recent drone airborne geophysical survey, though no drilling has been conducted yet. The project is within the Coastal Iron Oxide Copper Gold Belt, featuring multiple mineral-rich veins.
Palamina Corp. (PLMNF) has announced new assay results from February 2025 field work at its Usicayos gold project's Sol de Oro (SDO) North zone in Peru. The company identified a broad new mineralized shear zone southeast of SDO North, with continuous channel sampling yielding up to 1m @ 7.86 g/t Au.
Key findings include a mineralized zone located between SDO North and SDO East zones, demonstrating strong continuity over a +1km strike length. Previous drill holes USI24-07 and USI24-08 showed significant results of 35m @ 0.75 g/t Au and 52m @ 0.72 g/t Au respectively. An additional mineralized shear zone was discovered 150 metres further east, with samples yielding up to 1m @ 3.95 g/t Au.
The company plans to initiate a 2025 drilling program to define a gold resource at SDO North, test the SDO North-South junction at depth, and complete inaugural drilling in the Cayos zone once the rainy season ends.
Palamina Corp. (PLMNF) has completed an initial systematic soil sampling program at its Galena Silver Copper Project in Peru, revealing significant findings. The company collected 933 soil samples across three zones using XRF spectrometry, identifying large silver, copper, and manganese anomalies. A notable discovery includes a 2 x 1.5 km manganese anomaly in the Gris zone.
The sampling program covered 8 km² of target areas, with plans to expand to 30 km². Mineralization occurs along veins, fractures, and autobreccia matrix in Miocene aged Tacaza formation. The company plans to conduct a gravity geophysical survey to define drill targets for silver-copper-manganese CRD deposits. The project's location shows promising alignment with the Santa Barbara Mine and Aftermath Silver's Berenguela Manganese project along the same NE regional trend.
Palamina Corp has completed its 2024 scout drill program at the Sol de Oro zone of its Usicayos Gold Project in Peru. The program revealed significant gold mineralization, with notable intercepts including 0.72 g/t gold over 52 meters and 2.59 g/t gold over 8 meters. The drilling confirmed potential for an orogenic gold deposit and identified a previously unknown mineralized intrusive.
The program tested 4 main SDO zones with 2,306 meters drilled in nine holes. Key findings include broad intervals of gold mineralization in both SDO South and North zones, with assays reaching up to 24.6 g/t over 0.5m. Drilling is expected to resume in early Q2 2025 after the rainy season.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) is advancing its Galena Silver Copper Project in Peru's Puno region. The company has completed a remote sensing survey identifying manganese oxide, kaolinite, and goethite responses, and is now conducting pXRF soil sampling. The project covers high-grade copper-silver bearing quartz veins in the historic Santa Rosa mine district. Previous trench sampling yielded notable results including 8.5 metres with 3.05% Pb and 21 g/t Ag at the Gris Zone, and 9.3 metres with 2.09% Cu and 21 g/t Ag at the Verde Zone. A gravity survey is planned to map limestone contact at depth for potential Carbonate Replacement Deposit exploration.