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Drilling Underway at Palamina's Usicayos Gold Project in Peru
Toronto, Ontario--(Newsfile Corp. - September 30, 2021) - Palamina Corp. (TSXV: PA) has comm...
About this update from Palamina Corp.
[{"type":"text","content":"Drilling Underway at Palamina's Usicayos Gold Project in PeruToronto, Ontario--(Newsfile Corp. - September 30, 2021) - Palamina Corp. (TSXV: PA) has commenced its inaugural diamond drill program at its flagship Usicayos Gold Project in Peru. No drill holes have ever been completed at Usicayos.Palamina contracted Energold Drilling Peru S.A.C. for the program. Drilling at Usicayos will consist of roughly 2,600 metres of drilling in six drill holes with the objective of testing multiple mineralized gold structures defined at surface in the Veta Zone. To date surface sampling has defined an 800 m by 200 m area with values from chip sampling returning values up to 620 g/t Au and channel sampling up to 123 g/t over 1 m. Drill holes will test to a maximum vertical depth of 400 metres.In August and September Palamina entered into discussions to support the Usicayos community with certain initiatives. On September 17, 2021 an agreement was reached with the community to support local artisans and provide assistance with certain road improvements.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4727/98107_palami2.jpg\"Palamina's diamond drill program is underway to test mineralized gold structures outlined in the Veta discovery zone at our 100% owned Usicayos Gold Project. As Peru emerges from the Covid-19 Pandemic, Palamina is diligently working towards bearing out the value of its significant property holdings in the Puno Orogenic Gold Belt with a second gold project being readied for drilling by its equity partner Winshear Gold Corp. Palamina and Winshear are both entering the drill discovery phase where both have defined gold structures over 2 km in strike length which host significant gold mineralization at surface.\" commented Andrew Thomson, President of Palamina. \"We are also working closely with GoldSpot Discoveries to enhance geological decision making through the application of data driven science, artificial intelligence and machine learning.\" Technical InformationPalamina drill core samples will be collected and logged in the field by Palamina staff and subsequently transported to Palamina's base of operations in Juliaca for cutting. One half of sawn core from sample intervals will be collected and transported by Palamina personnel to the Certimin S.A laboratory in Juliaca, Peru...