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 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.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) has completed six holes in its inaugural drilling program at the Sol De Oro Zone ('SDO') of its Usicayos gold project in SE Peru. The program tested two of three zones, covering 1,685 metres of diamond drilling across SDO East and SDO South. Drilling at SDO East confirmed a large mineralized system with higher gold values trending north. SDO South drilling revealed visible gold in quartz veins and massive sulphide veining within a blind microdiorite intrusive. Notable results from SDO East include intersections of up to 3.48 g/t gold over 3 metres. The drill is now moving to SDO North for two planned holes.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) is currently drilling at its Usicayos Gold Project in the Puno Orogenic Gold Belt (POGB) in southeastern Peru. The company has completed three diamond drill holes in the SDO East Zone and is working on the fifth hole in the SDO South Zone, reaching the halfway point of its 3,000-metre drilling program.
Simultaneously, Winshear Gold Corp, in which Palamina holds a 15.4% equity stake, has begun a 1,600-metre drilling programme at the Coritiri zone of its Gaban Project, also located in the POGB. Palamina retains a 2% Net Smelter Return royalty on the Gaban Project, which it previously sold to Winshear.
Both drilling campaigns aim to identify the potential bedrock source of gold in the 1,900 square kilometre alluvial goldfields in the Madre de Dios basin to the north. The POGB is described as one of the world's least formally explored orogenic gold belts, with known mineralized systems extending vertically to over 1,000 metres depth.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has acquired 100% of Sociedad Minera Vicus Exploraciones S.A.C. from Aurania Resources The acquisition includes the Pluma copper silver project in northeastern Peru, covering 9,800 hectares. As payment, Aurania received 350,000 Palamina common shares and a 1% Net Smelter Return royalty on Pluma.
Palamina plans to transfer its Sora, Volcano, and Galena copper silver projects in southeastern Peru to Vicus. This acquisition provides Palamina with greater flexibility to separately fund and advance its copper silver projects in Vicus and gold projects in Palamina S.A.C.
The Pluma project is adjacent to Hannan Metals 's San Martin Copper Silver Project, which is subject to a significant earn-in agreement with JOGMEC. Palamina's strategy for copper silver assets positions it to participate in new discoveries in a prolific metallogenic belt, focusing on high-demand battery metals like copper and silver.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has received a US$100,000 Advance Royalty payment from Winshear Gold Corp. (TSXV: WINS), as part of a property purchase agreement signed in 2019. The agreement includes annual payments and a 2% NSR royalty per project. Palamina holds a 15.4% ownership interest in Winshear through 4,833,333 common shares. Winshear is set to begin a 1,600 metre drilling program at its Gaban Gold Project by the end of September 2024. Simultaneously, drilling is underway at Palamina's Usicayos Gold Project. This gives Palamina shareholders participation in two drilling programs in the Puno Orogenic Gold Belt, both in the drill discovery phase.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has initiated drilling at its Usicayos Gold Project in southeastern Peru. The program focuses on the Sol de Oro (SDO) zone, with seven diamond drill holes planned for approximately 3,000 metres. The drilling targets continuous, high-grade, gold-bearing shear zones in the SDO East, South, and North areas.
The SDO zone, measuring 1.5 km wide and 2.2 km in strike length, is part of a larger 1.5 by 4.5 km gold-bearing orogenic system. The company believes this zone represents the heart of the Usicayos system. Drilling will test a working interpretation of a possible near-vertical feeder zone at the center of the SDO area.
Surface sampling has yielded promising results, including 4m of 5.2 g/t Au from channel sampling in the SDO East zone, where drilling will commence.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has reported promising results from a bulk sample study at its Usicayos Gold Project in Peru. The 20 kg sample from the SDO east zone returned an average grade of 3.6 g/t gold, with 99.73% determined to be liberated gold. This study, along with metallic screening and photon assaying, is helping establish optimal protocols for the upcoming drill program.
Key findings include:
- 99.73% of gold mass was liberated gold
- 97.88% of gold mass found as free surfaces
- Approximately 10% of gold occurs in grains larger than 150 microns
- Only a small proportion (1%) of gold surfaces associated with gangue minerals
The SDO zone, hosted in Paleozoic Sandia Formation, is controlled by regional shear zones and measures approximately 1.5 km in width and 2.2 km in strike length. The upcoming drill program will test the interpretation of a possible near-vertical feeder zone at the heart of the SDO zone.