Palamina Stock Price, News & Analysis

Palamina Corp. (OTCQB: PLMNF) is a mineral exploration company focused on precious and base metal projects in Peru. According to multiple company news releases, Palamina describes itself as an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru and a land bank of high-grade copper-silver assets in southeastern and northeastern Peru. The company’s shares trade on the TSX Venture Exchange under the symbol PA and on the OTCQB market under the symbol PLMNF.

Core Focus and Exploration Strategy

Palamina states that it is primarily focused on adding value through drill discovery at its Usicayos gold project in the Puno Orogenic Gold Belt. News releases describe Usicayos as hosting multiple zones, including the Sol de Oro (SDO) North and South zones and the Cayos zone, where mapping, sampling, channel sampling and scout drilling have outlined broad gold-bearing shear zones in metamorphosed sedimentary rocks. The company reports that these zones are interpreted within a structural setting sometimes referred to as a “flower structure,” with gold mineralization controlled by south-dipping shear zones.

Beyond Usicayos, Palamina reports that it follows an “acquire and hold” strategy for copper-silver assets in southeastern and northeastern Peru. This strategy is referenced in several news releases and is linked to projects such as the Galena Silver Copper Manganese Project and other copper-silver assets held through Peruvian subsidiaries.

Gold Project Portfolio in the Puno Orogenic Gold Belt

Palamina’s news releases consistently state that the company holds a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Within this belt, the Usicayos gold project is highlighted as the flagship asset, where Palamina is “adding value through drill discovery.” Field programs at Usicayos have included:

• Scout diamond drilling in the Sol de Oro (SDO) zone, testing SDO North, SDO South and related structures.
• Channel sampling and mapping in the Cayos zone, which has returned high-grade gold values over several metres in newly defined shear zones.
• Ongoing surface sampling and structural interpretation aimed at defining continuous corridors of gold-bearing shear zones between SDO North, SDO South and SDO East.

Palamina’s disclosures indicate that gold mineralization at Usicayos occurs in shear zones hosted in metamorphosed shales, siltstones and sandstones, with quartz veining and the presence of coarse gold in both drill core and outcrop. The company reports using both fire assay and metallic screening methods to better quantify coarse gold in its samples.

Galena Silver Copper Manganese Project

In southeastern Peru, Palamina holds the 100%-owned Galena Silver Copper Manganese Project in the Santa Lucia district. Company news describes Galena as covering a series of high-grade copper-silver bearing quartz veins in the historic Santa Rosa mine district, along with multiple copper oxide and lead sulfide occurrences. Palamina is exploring Galena for Carbonate Replacement Deposit (CRD) style mineralization.

According to Palamina’s technical updates, mineralization at Galena is hosted in Miocene-aged Tacaza Formation volcanic flows, breccias and tuffs that overlie Cretaceous Ayabacas (Ayabaca) Formation limestone. This carbonate sequence is the same formation that hosts CRD mineralization at the nearby Santa Barbara and Berenguela deposits. The company has carried out:

• Remote sensing studies using WorldView-3 satellite data processed by ALS Goldspot to map alteration minerals such as manganese oxides, kaolinite and goethite as proxies for CRD-style systems.
• Systematic soil and subcrop sampling using portable XRF analyzers, delineating large manganese, silver and copper anomalies across zones such as Gris, Verde and Rosa.
• Planning and execution of gravity surveys to help define limestone contacts at depth and prioritize drill targets for potential CRD bodies beneath volcanic cover.

Palamina’s releases emphasize that manganese is a key pathfinder element for CRD-type mineralization in the district and that manganese-rich anomalies at Galena align with regional structural trends and known deposits such as Santa Barbara and Berenguela.

Esperanza Concession and District-Scale Positioning

Palamina reports that it has acquired 100% of the mineral rights to the Esperanza concession in the Santa Lucia district in southeastern Peru. The concession is described as lying adjacent to Aftermath Silver Ltd.’s Berenguela silver-copper-manganese project. According to company statements, roughly half of the surface area at Esperanza exhibits geology and copper-manganese mineralization similar to that observed at surface at Berenguela.

The company commissioned ALS Goldspot to generate a hyperspectral map of the Santa Lucia district, and initial results are reported to confirm that manganese minerals are primary pathfinders for CRD-type mineralization, with the main Berenguela manganese trend extending into the Esperanza concession. Palamina indicates that it plans detailed geological mapping and sampling at Esperanza and notes that Esperanza lies in the same northeast-southwest geological trend as Galena.

Gaban Gold and Ica Copper-Gold Projects

Palamina’s news releases describe the Gaban Gold Project as located in the Puno Orogenic Gold Belt in southern Peru, approximately northwest of Usicayos. Gaban has been the subject of airborne geophysical surveys, sampling campaigns and an inaugural drill program. Company disclosures state that previous surface sampling outlined a gold-bearing mineralized shear zone over a significant area, with quartz-rich shear zones returning notable gold assays. A first drill program completed by an operator returned gold intersections in shales in the Coritiri zone, and Palamina notes that the project remains permitted for drilling.

The Ica Copper-Gold Project is described as an iron oxide-copper-gold (IOCG) style target located in southern Peru within the Coastal IOCG Belt. According to Palamina, the project covers several thousand hectares and hosts laterally continuous copper-gold veins and magnetite-rich replacement bodies in a Jurassic volcanic sequence. An airborne magnetic survey was completed to assess the potential for magnetite or sulfide-rich mineralized bodies at depth. Palamina has taken back ownership of both Gaban and Ica from Winshear Gold under the terms of a prior purchase and sale agreement.

Copper-Silver Assets and Peruvian Subsidiaries

In addition to Galena, Palamina reports a broader land bank of copper-silver assets in southeastern and northeastern Peru. The company has disclosed that a Peruvian subsidiary, Sociedad Minera Vicus Exploraciones S.A.C., holds 100% of the Pluma Copper Silver Project in an emerging copper district in northeastern Peru. Palamina has also started the process of transferring 100% of the Galena, Volcano and Sora Copper Silver Projects in the Santa Lucia mining district into this subsidiary. The company notes that having a second wholly owned Peruvian subsidiary provides greater flexibility to separately fund and advance its copper-silver and gold project portfolios.

Corporate and Capital Markets Profile

Across multiple news releases, Palamina states that it is listed on the TSX Venture Exchange under the symbol PA and on the OTCQB market under the symbol PLMNF. The company identifies itself as a junior exploration company active in Peru, with a focus on orogenic gold systems in the Puno Orogenic Gold Belt and CRD and IOCG-style targets in other Peruvian districts.

Palamina has also disclosed historical holdings in Winshear Gold Corp., including a minority equity interest and a net smelter return (NSR) royalty on Winshear’s Peruvian projects. More recent disclosures state that Palamina has disposed of its Winshear shares and no longer holds equity or an ongoing relationship with Winshear, while earlier releases mention a retained NSR royalty and equity interest. Investors should refer to the latest company disclosures for the most current information on these relationships.

Exploration Methods and Technical Oversight

Palamina’s technical news releases outline systematic exploration methods, including soil and rock sampling, trenching, channel sampling, airborne geophysics, ground gravity surveys, remote sensing, and diamond drilling. The company emphasizes the use of QA/QC protocols, including insertion of blanks, standards and duplicates, and the use of both fire assay and metallic screening for gold where coarse gold is present.

The technical information in Palamina’s releases is stated to be reviewed and approved by a Qualified Person as defined by National Instrument 43-101, typically the company’s Vice President of Exploration. This provides a level of technical oversight for the geological and assay information disclosed in public news.

Position Within the Mining and Exploration Sector

Based on its own descriptions, Palamina operates as a junior exploration company within the mining and mineral exploration sector, with a geographic focus on Peru. Its activities span gold exploration in orogenic belts, silver-copper-manganese CRD targets in volcanic-carbonate settings, and iron oxide-copper-gold style systems in coastal belts. Rather than operating producing mines, Palamina’s disclosed strategy centers on exploration, drill discovery, and the advancement of early to intermediate-stage projects.

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