Winshear Gold Offers to Return the Gaban Gold and Ica Copper Gold Projects in Peru Back to Palamina
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 (TSXV: PA) (OTCQB: PLMNF) ha annunciato che Winshear Gold Corp ha offerto di restituire il 100% della proprietà dei progetti Gaban Gold e Ica Copper Gold in Perù. L'offerta è stata ricevuta l'11 aprile 2025 e Palamina intende accettarla, anche se potrebbero mantenere solo una parte delle concessioni.
Il programma di perforazione inaugurale del progetto Gaban Gold, svolto alla fine del 2025, ha prodotto risultati notevoli, tra cui 4 metri di 5,04 g/t di oro e 21 metri di 1,29 g/t di oro nella zona Coritiri. Il programma è stato interrotto a causa dell'arrivo anticipato della stagione delle piogge. Il progetto si trova nella Cintura Orogronica di Puno, circa 80 km a nord-ovest del progetto Usicayos di Palamina.
Il progetto Ica Copper Gold, situato a 50 km a est della città di Ica, ha identificato numerosi obiettivi di esplorazione attraverso un recente sondaggio geofisico aereo con droni, anche se non sono state ancora effettuate perforazioni. Il progetto si trova nella Cintura Costiera di Rame Oro con Ossido di Ferro, caratterizzata da numerose vene ricche di minerali.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) anunció que Winshear Gold Corp ha ofrecido devolver el 100% de la propiedad de los proyectos Gaban Gold y Ica Copper Gold en Perú. La oferta fue recibida el 11 de abril de 2025 y Palamina tiene la intención de aceptarla, aunque podrían retener solo una parte de las concesiones.
El programa de perforación inaugural del proyecto Gaban Gold, realizado a finales de 2025, arrojó resultados notables, incluyendo 4 metros de 5.04 g/t de oro y 21 metros de 1.29 g/t de oro en la zona Coritiri. El programa se interrumpió debido al inicio anticipado de la temporada de lluvias. El proyecto está ubicado en el Cinturón Orogrónico de Puno, aproximadamente a 80 km al noroeste del proyecto Usicayos de Palamina.
El proyecto Ica Copper Gold, situado a 50 km al este de la ciudad de Ica, ha identificado numerosos objetivos de exploración a través de un reciente estudio geofísico aéreo con drones, aunque aún no se ha realizado ninguna perforación. El proyecto se encuentra dentro del Cinturón Costero de Cobre Oro con Óxido de Hierro, que presenta múltiples vetas ricas en minerales.
팔라미나 코퍼레이션 (TSXV: PA) (OTCQB: PLMNF)은 윈셔 골드 코퍼레이션이 페루의 가반 골드 및 이카 구리 금 프로젝트의 100% 소유권을 반환하겠다고 제안했다고 발표했습니다. 이 제안은 2025년 4월 11일에 접수되었으며, 팔라미나는 이를 수락할 계획이지만 일부 권리를 유지할 수도 있습니다.
2025년 말에 실시된 가반 골드 프로젝트의 첫 번째 시추 프로그램은 5.04 g/t 금의 4미터와 1.29 g/t 금의 21미터를 포함한 주목할 만한 결과를 도출했습니다. 프로그램은 우기 시작으로 인해 중단되었습니다. 이 프로젝트는 팔라미나의 우시카요스 프로젝트에서 북서쪽으로 약 80km 떨어진 푸노 오로제닉 금벨트에 위치해 있습니다.
이카 구리 금 프로젝트는 이카 시에서 동쪽으로 50km 떨어진 곳에 위치하고 있으며, 최근 드론 항공 지구물리 조사로 여러 탐사 목표를 확인했지만 아직 시추는 실시되지 않았습니다. 이 프로젝트는 여러 광물 풍부한 광맥이 있는 해안 철산화 구리 금 벨트 내에 있습니다.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) a annoncé que Winshear Gold Corp a proposé de restituer 100 % de la propriété des projets Gaban Gold et Ica Copper Gold au Pérou. L'offre a été reçue le 11 avril 2025 et Palamina a l'intention de l'accepter, bien qu'ils puissent conserver seulement une partie des droits.
Le programme de forage inaugural du projet Gaban Gold, réalisé fin 2025, a donné des résultats notables, y compris 4 mètres à 5,04 g/t d'or et 21 mètres à 1,29 g/t d'or dans la zone Coritiri. Le programme a été interrompu en raison de l'arrivée précoce de la saison des pluies. Le projet est situé dans la ceinture orogénique de Puno, à environ 80 km au nord-ouest du projet Usicayos de Palamina.
Le projet Ica Copper Gold, situé à 50 km à l'est de la ville d'Ica, a identifié de nombreux objectifs d'exploration grâce à une récente enquête géophysique aérienne par drone, bien qu'aucun forage n'ait encore été effectué. Le projet se trouve dans la ceinture côtière de cuivre or avec oxyde de fer, présentant plusieurs veines riches en minéraux.
Palamina Corp (TSXV: PA) (OTCQB: PLMNF) gab bekannt, dass Winshear Gold Corp angeboten hat, 100% des Eigentums an den Projekten Gaban Gold und Ica Copper Gold in Peru zurückzugeben. Das Angebot wurde am 11. April 2025 erhalten, und Palamina beabsichtigt, es anzunehmen, obwohl sie möglicherweise nur einen Teil der Ansprüche behalten werden.
Das erste Bohrprogramm des Gaban Gold-Projekts Ende 2025 lieferte bemerkenswerte Ergebnisse, darunter 4 Meter mit 5,04 g/t Gold und 21 Meter mit 1,29 g/t Gold in der Coritiri-Zone. Das Programm wurde aufgrund der früh einsetzenden Regenzeit abgebrochen. Das Projekt befindet sich im Puno Orogenic Gold Belt, etwa 80 km nordwestlich des Usicayos-Projekts von Palamina.
Das Ica Copper Gold-Projekt, das 50 km östlich der Stadt Ica liegt, hat zahlreiche Explorationsziele durch eine kürzlich durchgeführte geophysikalische Drohnenuntersuchung identifiziert, obwohl noch keine Bohrungen durchgeführt wurden. Das Projekt liegt im Coastal Iron Oxide Copper Gold Belt, der mehrere mineralreiche Adern aufweist.
- Strong drilling results at Gaban Gold project: 4m @ 5.04 g/t Au and 21m @ 1.29 g/t Au
- Coritiri zone is fully permitted for drilling
- Promising geophysical survey results at Ica project identified multiple exploration targets
- Both projects are in strategic locations with good accessibility
- Initial drilling program cut short due to weather conditions
- No quartz veins intercepted in drilling program
- No drilling conducted yet at Ica Copper Gold project
- Company may not retain all claims, indicating possible reduction in property size
Toronto, Ontario--(Newsfile Corp. - April 14, 2025) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) On April 11, 2025 Palamina received notice from Winshear Gold Corp. (TSXV: WINS) that they have offered to return
Andrew Thomson, President of Palamina commented, "We would like to thank Winshear for their work in Peru advancing these two projects. The Gaban Gold project has seen a significant investment where a 1,005 metre inaugural drill program in late 2025 returned 4 metres of 5.04 g/t gold and 21 metres of 1.29 g/t gold in shales in the two southernmost drill holes in the Coritiri zone. The drill program was cut short due to the early advance of the rainy season where drilling did not intercept any quartz veins. Further drilling is warranted to test the main Coritiri mineralized zone to the west and to drill test the quartz vein system mined at the turn of the 19th century. The Coritiri zone is fully permitted for drilling. At the Ica Copper Gold project the most recent drone airborne geophysical survey has identified numerous follow up target areas for exploration where no drilling has ever been conducted."
Gaban Gold Project
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The Gaban Gold project is in the Puno Orogenic Gold Belt in southern Peru, approximately 80 km northwest of Palamina's flagship Usicayos project. The project is easily accessible along the paved interoceanic highway. As with Palamina's Usicayos and Minera I.R.L.'s nearby Ollachea gold project, Gaban is hosted in metamorphosed Paleozoic sedimentary rocks and gold occurs in quartz veins and in shear zones likely developed during the Hercynian orogeny.
The Ica Copper Gold project is located approximately 50 km east of the city of Ica, a major city in southern Peru servicing Peru's agribusiness industry. The project is located within the Coastal Iron Oxide Copper Gold (IOCG) Belt, where multiple quartz-magnetite-pyrite-chalcopyrite +/- tourmaline +/- potassium feldspar veins and veinlets are being mined in small workings, and a small-scale copper-gold mine is in production on nearby third party concession.
Technical Information
The technical information herein has been reviewed and approved by Alvaro Fernandez-Baca (P. Geo.); a Qualified Person as defined by National Instrument 43-101. Mr. Fernandez-Baca is Vice President of Exploration to Palamina.
About Palamina Corp.
Palamina is an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Palamina is adding value through drill discovery at its Usicayos gold project. Palamina also has an "acquire and hold" strategy with copper silver assets in southeastern and northeastern Peru. Palamina retains a
On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: (416) 204-7536 or visit www.palamina.com
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This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-Looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-Looking statements include, but are not limited to, the Company's future business and exploration plans. Forward-Looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's continuous disclosure filings, which are available at www.sedarplus.ca.
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FAQ
What were the key drilling results from PLMNF's Gaban Gold project in 2025?
Where is Palamina's (PLMNF) Gaban Gold project located in Peru?
What did the recent geophysical survey reveal about PLMNF's Ica Copper Gold project?
Why did Winshear Gold return the Peruvian projects to Palamina (PLMNF) in April 2025?
