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Palamina Drills 0.72 gpt Gold over 52 Metres Including 2.59 gpt Gold over 8 Metres at the Usicayos Gold Project in Peru
Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ...
About this update from Palamina Corp.
[{"type":"text","content":"Palamina Drills 0.72 gpt Gold over 52 Metres Including 2.59 gpt Gold over 8 Metres at the Usicayos Gold Project in PeruToronto, Ontario--(Newsfile Corp. - December 9, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has concluded its 2024 scout drill program in the Sol de Oro ('SDO') zone at its Usicayos Gold Project in Peru. Highlights:Broad intervals of gold mineralization in both the SDO S and SDO N zonesDrilling identifies blind mineralized intrusive within a 0.63 g/t Au over 40m interceptGold assays up to 24.6 g/t over 0.5m Results from 5 drillholes completed in the SDO South and SDO North zones are as follows: ZoneHole IDFrom (m)To (m)Interval (m)*Gold (g/t)SDO SUSI24-04434740.8291107161.52Including919328.69118158400.63Including12913232.22Including14114325.8318118540.4720720812.3822322412.7124825911 0.80SDO SUSI24-0522264 0.71537522 0.50 Including626421.4286123 37 0.47Including 8686.50.524.6SDO SUSI24-064560150.13SDO NUSI24-073587520.72Including566482.59Including616325.12SDO NUSI24-082156350.75Including464828.45  *Intervals are drilled core length as insufficient drilling has been completed to calculate true widths.Andrew Thomson, President of Palamina commented: \"Palamina's drilling program at Sol de Oro has confirmed the potential for the zone to host an orogenic gold deposit and identified a previously unknown mineralized intrusive. This round of drilling also confirmed the north and south limbs of our interpreted flower structure. Testing the mineralization at depth, where the north and south structures converge, will be a priority for follow-up drilling.\"At SDO S, drillhole USI24-04 intercepted a mineralized blind microdiorite intrusive 113 metres down hole, with gold mineralization associated with pyrite and pyrrhotite, occurring as disseminations and in massive sulfide veinlets. USI24-05 is a scissor hole drilled from the same platform. Mineralization at SDO S dips to the north on the south end of the flower structure. Both drillholes intercepted multiple visible gold zones associated with pyrite and pyrrhotite.Figure 1: SDO S hosts mineralization in both Paleozoic sediments and a blind diorite intrusive(both holes are projected onto section line) To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4727/232993_palaminaimg1.jpgSelect Photos of Drill Core with Visible...