Palamina Changes Name of Flagship Project in Peru to Usicayos
Toronto, Ontario--(Newsfile Corp. - July 9, 2021) - Palamina Corp. (TSXV: PA) reports that, in keeping with the wishes and consent of local community leadership, the Coasa project will now be identified as the Usicayos project, the name of the community which hosts the project. In January 2017, Palamina staked the Usicayos project area in order to investigate its gold potential as part of its focus in the Puno Orogenic Belt (POGB). The company chose the name Coasa based on the presence of a...
2021-07-09 9:00 AM EDT
Palamina Completes $5,000,000 Private Placement
Toronto, Ontario--(Newsfile Corp. - June 18, 2021) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that it has closed its non-brokered private placement offering (the "Offering") announced on May 27, 2021 and June 14. The Company raised a total of $5,000,000 for the issuance of 20,000,000 units (the "Units") at the price of $0.25 per Unit. Each Unit consists of one common share ("Common Share") and one warrant (each a "Warrant"). Each whole Warrant is...
2021-06-18 8:30 AM EDT
Palamina Increases Private Placement up to $5,000,000
Toronto, Ontario--(Newsfile Corp. - June 14, 2021) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that due to investor demand it will increase the size of its previously announced non-brokered private placement offering from up to $3,000,000 to up to $5,000,000 (the "Offering"). The Offering will now be up to 20,000,000 units ("Units") at a purchase price of $0.25 per Unit, with each Unit consisting of one common share ("Common Share") and one warrant (a...
2021-06-14 7:38 PM EDT
Palamina Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - May 27, 2021) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that it will conduct a non-brokered private placement offering (the "Offering") of up to 12,000,000 units ("Units") at a purchase price of $0.25 per Unit, for aggregate gross proceeds of up to $3,000,000. Each Unit consists of one common share ("Common Share") and one warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one Common Share at a price...
2021-05-27 8:30 AM EDT
Palamina Receipts Final Approval to Commence Drilling at the Coasa Gold Project in Peru
Toronto, Ontario--(Newsfile Corp. - May 10, 2021) - Palamina Corp. (TSXV: PA) has received its Authorization to Initiate Exploration Activities ("AIEA") permit to commence drilling on its Coasa Gold Project in Peru. In December of 2019, Palamina received its Declaración de Impacto Ambiental permit ("DIA") which allows for up to 40 drill pads in the Veta Zone at Coasa. Palamina has spent over US$ 2M on exploration at Coasa including a heli-borne geophysical survey, structural and geological...
2021-05-10 8:30 AM EDT
Palamina Corp. Annual and Special Shareholders Meeting Update
Toronto, Ontario--(Newsfile Corp. - November 23, 2020) - Palamina Corp. (TSXV: PA) announces that due to the restrictions and guidelines on public gatherings issued this past Friday by the Ontario government, the Corporation will be hosting its annual and special meeting of shareholders this coming Wednesday November 25, 2020 at 4:00 p.m. virtually. Any shareholder who wishes to attend the Meeting may only attend virtually by teleconference using the toll-free dial-in number 1-866-440-8936...
2020-11-23 9:37 AM EST
Palamina Channel Sampling in Discovery Zone Returns 90.3 g/t Gold over 1.30 Metres at the Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - October 27, 2020) - Palamina Corp. (TSXV: PA) has completed additional sampling in the Veta NE and Veta Zones at the Coasa Gold Project. Channel sampling in the newly discovered Veta NE Zone returned values up to 90.3 g/t Au over 1.30 m. The Veta NE Zone is located 500 m NE of the Veta Zone and only two rounds of channel sampling have been carried out to date. Continued sampling in the Veta Zone returned values up to 17.6 g/t Au over 1.0 m, increased the...
2020-10-27 8:46 AM EDT
Palamina Channel Sampling Returns 14.2 gpt Gold over 1.5 Metres at the Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - October 7, 2020) - Palamina Corp. (TSXV: PA) announces results from the recent channel sampling program and provides an update on preparations for drilling at its Coasa Gold Project in SE Peru. Palamina has identified an eighth gold bearing structure at the Veta Zone. Seven zones were highlighted in Palamina's Press Release dated July 7, 2020. The most recent channel sampling focussed on increasing sample density at the # 7 Zone and extending exploration to...
2020-10-07 8:58 AM EDT
Palamina Completes Projects Sale to Winshear Gold & Receives US$25,000 Advance Royalty Payment
Toronto, Ontario--(Newsfile Corp. - September 28, 2020) - Palamina Corp. (TSXV: PA) has been issued an additional 400,000 common shares of Winshear Gold Corp. for a total 10,000,000 common shares completing the sale of the Gaban Gold and Tinka I.O.C.G. projects. Winshear Gold also provided Palamina a US$25,000 annual advance royalty payment as required under the property purchase agreement. Annual advance royalty payments will cease once Winshear Gold has completed 5,000 metres of drilling on...
2020-09-28 9:29 AM EDT
Palamina Announces the Appointment of Two New Directors
Toronto, Ontario--(Newsfile Corp. - September 9, 2020) - Palamina Corp. (TSXV: PA) has appointed two new members to the company's board of directors, effective immediately. Joining the board are Christina McCarthy and Sean Spraggett. Christina will serve on the Audit Committee and Sean Spraggett on the Compensation Committee. "On behalf of Palamina's Board of Directors, I am pleased to welcome Christina McCarthy and Sean Spraggett. We are confident that their perspectives will be of great...
2020-09-09 8:14 PM EDT
Palamina Resumes Exploration at the Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - August 13, 2020) - Palamina Corp. (TSXV: PA) has resumed exploration at its 100% owned Coasa Gold Project in south eastern Peru. Drill pad construction is underway, in addition to completion of the field camp in the Veta Zone. Mapping and sampling is also being carried out. Palamina is awaiting approval of the Company's Initiation of Activities application in order to commence a drill program in the Veta Zone at Coasa.
2020-08-13 11:25 AM EDT
Palamina Samples 3.2 Metres of 12 G/t Gold at the Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - July 7, 2020) - Palamina Corp. (TSXV: PA) reports further significant channel sampling results from its Coasa Gold Project in south eastern Peru. In mid-December 2019, Palamina completed a comprehensive channel sampling program in the newly discovered Cayos Zone designed to better define mineralized structures and expand known mineralization. The Cayos Zone is located southwest of the Veta Zone, the Company's first proposed drilling target in the Coasa Gold...
2020-07-07 10:23 AM EDT
Palamina Completes Oversubscribed $1.1M Private Placement
Toronto, Ontario--(Newsfile Corp. - May 25, 2020) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") is pleased to announce that it has closed its non-brokered private placement offering (the "Offering") announced on May 5, 2020. Due to a strong demand for participation in the Offering, the Company raised a total of $1,100,000 for the issuance of 8,800,000 units (the "Units") at the price of $0.125 per Unit. Each Unit consists of one common share ("Common Share") and one half of one...
2020-05-25 2:44 PM EDT
Palamina Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - May 5, 2020) - Palamina Corp. (TSXV: PA) ("the "Company") will conduct a non-brokered private placement offering (the "Offering") of up to 6,000,000 units ("Units") at a purchase price of $0.125 per Unit, for aggregate gross proceeds of up to $750,000. Each Unit consists of one common share ("Common Share") and one-half warrant (a "Warrant"). Each whole Warrant is exercisable to acquire one Common Share at a price of $0.35 for a period of 24 months from the...
2020-05-05 8:00 AM EDT
Palamina Provides Update and Announces Resignation of Director
Toronto, Ontario--(Newsfile Corp. - April 17, 2020) - Palamina Corp. (TSXV: PA) reports that all operating activities have been halted in keeping with the government of Peru's travel and work restrictions related to the COVID-19 pandemic. The government shutdown commenced on April 1, 2020. All staff and contractors are safe and secure. Palamina maintains a minimal staff shared by the company and its operating partner, Winshear Gold Corp., to maintain all projects in good standing. Management...
2020-04-17 4:15 PM EDT
Palamina to Test Discovery Gold Projects in Peru
Toronto, Ontario--(Newsfile Corp. - February 7, 2020) - Palamina Corp. (TSXV: PA) is a pure gold exploration company preparing for its inaugural drilling campaign on its high-grade Coasa Gold Project in south eastern Peru. Palamina is also a significant shareholder of Winshear Gold (TSXV: WINS), who are advancing the Gaban Gold project toward initial drill testing. Palamina is acting as the operator at Gaban for Winshear Gold. Both projects are located in the Puno Orogenic Gold Belt ("POGB")...
2020-02-07 9:58 AM EST
Palamina Secures DIA for Initial Drill Testing of the Coasa Gold Discovery in Peru
Toronto, Ontario--(Newsfile Corp. - January 8, 2020) - Palamina Corp. (TSXV: PA) has secured a Declaración de Impacto Ambiental ("DIA") from the Peruvian Ministry of Energy and Mines for its Coasa Gold Project in the Puno region of Peru. The DIA allows for the construction of up to 40 drill pads at Coasa. With the DIA in hand, the Company has applied for the Authorization to Initiate Exploration Activities ("AIEA") which is required to commence initial drill testing of the Coasa gold system....
2020-01-08 10:04 AM EST
Palamina Appoints VP Exploration, Advisory Board Member and Issues Options
Toronto, Ontario--(Newsfile Corp. - December 19, 2019) - Palamina Corp. (TSXV: PA) has appointed William McGuinty as its Vice President of Exploration and Christina McCarthy as an advisory board member. Christina McCarthy will assist in expanding Palamina's market presence in the global mining and financial community. William McGuinty will lead Palamina's effort to explore for and define gold deposits in Peru. Andrew Thomson, President of Palamina stated, "Palamina continues to strengthen...
2019-12-19 10:36 AM EST
Palamina's Coasa Gold Project Returns Select Grab Samples with Values up to 75.4 g/t Gold from the Cayos Zone
Toronto, Ontario--(Newsfile Corp. - October 8, 2019) - Palamina Corp. (TSXV: PA) reports that recent mapping and intermittent surface rock sampling on its flagship Coasa Gold Project has increased the strike length of the newly discovered gold system to approximately 1,600 metres. During the second and third campaigns of 2019 an additional 321 grab samples and 233 channel samples were collected and assayed. Palamina continues to identify additional high-grade surface gold
2019-10-08 10:00 AM EDT
Palamina Announces the Acquisition of Shares in Helio Resource Corp.
Toronto, Ontario--(Newsfile Corp. - September 19, 2019) - Palamina Corp. (TSXV: PA) ("Palamina" or the "Company") advises that it has filed an Early Warning Report in connection with the issuance by Helio Resource Corp. (TSXV: HRC) ("Helio") to Palamina of common shares ("Common Shares") in the capital of Helio as consideration for Helio acquiring all of Palamina's interests in the Gaban Gold Project and Tinka IOCG Project in Peru (the "Transaction"). Pursuant to the Transaction, Palamina...
2019-09-19 3:20 PM EDT