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Palamina Increases Land Position at the Bendi Gold Property in Peru
Toronto, Ontario--(Newsfile Corp. - July 17, 2018) - Palamina Corp. (TSXV: PA) has completed further staking to increase its title and application mining explor
About this update from Palamina Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - July 17, 2018) - Palamina Corp. (TSXV: PA) has completed further staking to increase its title and application mining exploration rights to 18,900 hectares at the Bendi Gold Project in the Puno Orogenic Gold Belt (POGB) in southern Peru. The new staking was based on Palamina's current understanding of prospective geological structures in the Benditani Mine district and their relationship to historical and current operating small-scale gold mines in the area. Staking focused on covering 2 district-scale structures identified by Palamina's field work. The first a >7 km long thrust-related shear-zone occurring sub-parallel to the Benditani mine structure along which Palamina reports chip samples returning 25.4 and 9.9 g/t gold at the Mantos Gold Anomaly. The second a 15 km long, sub-parallel NW striking structural corridor developed in the core of an anticline. Palamina has discovered an area of anomalous gold along this feature — the Carol Anomaly which returned 4 metres grading 0.25 g/t gold in chip samples collected south-west of the third party Huacolcota producing mine. Bendi Gold Project Andrew Thomson, President of Palamina stated, \"Palamina continues to focus on acquiring and securing exploration mining rights to district scale gold projects within the POGB with a view to 'shadow of headframe' exploration where no headframe exists. Palamina's portfolio of properties within the POGB have been ground-truthed by informal miners where little to no systematic exploration and no drilling has been carried out. Palamina´s efforts in the POGB are directed at making a major gold discovery.\" The Benditani mining district dates back to Pre-Inca times. More than 10 small-scale mining operations are currently in production and there is evidence for over 20 orogenic gold mineralized occurrences in the district. Aside from hard-rock mining activities, alluvial gold-mining also takes place in the nearby Inambari River and its tributaries. Mantos Gold Anomaly The open-ended 150 m long x 50 m wide Mantos gold anomaly is associated with a > 7 km long, Andean-trending compressive shear-zone resulting in the siltstones and sandstones of the older Sandia Formation locally unconformably overlying the slates and siltstones of the younger Ananea Formation. Tectonic compressive-deformation events resulted ...