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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 r...
About this update from Palamina Corp.
[{"type":"text","content":"Palamina Channel Sampling Returns 14.2 gpt Gold over 1.5 Metres at the Coasa Gold ProjectToronto, 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 the northeast. At the # 7 zone, new assays returned values ranging up to 14.3 g/t Au over 1.6 m in known gold structures and at the Veta NE Zone, initial sampling has returned samples ranging to 1.6 g/t Au over 1.0 m. The new Veta NE discovery is located 500 m NE of the Veta Zone. Gold mineralization now extends along a 2 km NE trend from the Cayos Zone to the newly identified Veta NE Zone.Palamina has completed its DIA (Environmental Impact Statement) which permits 40 drill pads in the Veta Zone and is awaiting the Peruvian government to approve the project's Initiation of Activities. 12 drill holes have been allocated to the Veta Zone. Palamina may modify its DIA in the future to drill in the Veta NE Zone.\"The newly discovered Veta NE Zone has extended gold mineralization over a 2 km strike length,\" said President Andrew Thomson. \"Palamina continues to expand its understanding of the mineralization in the SW-NE mineralized gold trend hosting the Cayos-Veta-Veta NE Zones while it awaits confirmation that it may initiate drilling activities from the Peruvian mines department.\"Palamina's recent mapping and sampling campaign has focused on the gold bearing structures in the NE portion of the Veta Zone (Figure 1). Sample values greater than 1.0 g/t were returned as follows:SAMPLENUMBERZONE SAMPLETYPESAMPLETYPE*LENGTH(meters)Aug/t5227VetaOutcropChannel1.005.905228VetaOutcropChannel1.001.485230VetaOutcropChannel1.00 14.25232VetaOutcropChannel1.001.135236VetaOutcropChannel1.60 14.35237VetaOutcropChannel1.002.985263VetaOutcropChannel1.001.025267VetaOutcropChannel1.002.065277VetaOutcropChannel1.001.295287VetaOutcropChannel0.901.185288VetaOutcropChannel1.001.745293VetaOutcropChannel1.001.825295VetaOutcropChannel1.001.675296VetaOutcropChannel1.102.445297VetaO...