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Palamina Reports 620 gpt Gold & 1.8 Metres of 19.6 gpt Gold at Coasa Project in Peru
Toronto, Ontario--(Newsfile Corp. - September 12, 2018) - Palamina Corp.'s (TSXV: PA) recent field campaign at its Coasa Gold Project in south eastern Peru cont
About this update from Palamina Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - September 12, 2018) - Palamina Corp.'s (TSXV: PA) recent field campaign at its Coasa Gold Project in south eastern Peru continues to confirm the presence of high grade gold at surface in the Veta Zone where continuous channel sampling returned 1.8 metres of 19.6 g/t gold and 0.9 metre of 103 g/t gold. The recently discovered zone of surface gold mineralization has now expanded to cover an 800 by 500 metre area and further selective rock-chip sampling in the Veta Zone returned up to 620 g/t (19.9 oz/t) gold. A total of 176 geochemical samples were collected at the Veta Anomaly during the August field campaign; 155 as continuous channel samples varying from 0.9 to 4.5 metres true width across mineralized structures hosted by intermittent in-situ outcrops located on scree-covered slopes throughout the Veta discovery zone. Overall 64% of channel and rock-chip sampling results returned anomalous gold grades ( 0.1 g/t gold), 15% resulted in gold contents 1 g/t gold and 3% 10 g/t gold (or 8.5% 2 g/t gold). Four visible native-gold-hosting structures have now been discovered. Andrew Thomson, President of Palamina stated, \"The footprint of the Veta gold discovery zone at Coasa continues to expand. Channel sampling has confirmed significant gold mineralization within the slate and siltstone host rocks and returned up to 1.8 metres of 19.6 gpt gold. The heli-borne geophysical survey underway is over 50% complete and will serve to better understand the prospective structures at Coasa.\" Select channel and rock chip sampling* above 1.0 g/t gold from the August field campaign are as follows: SAMPLE # LOCATION SAMPLE TYPE METRES GOLD g/t 2696 Veta Rock-Chip 0.15 620 2542 Veta Channel 0.9 103 2577 Veta Channel 1.8 19.6 2605 Veta Channel 0.9 11.1 2601 Veta Channel 1.8 4.2 2599 Veta Channel 0.9 3.9 2532 Veta Channel 0.9 2.5 2629 Veta Rock-Chip 0.2 2.4 2579 Veta Channel 1.8 2.4 2668 Veta Rock-Chip 0.15 2.1 2626 Veta Channel 2.25 2.1 2531 Veta Channel 0.9 1.9 2666 Veta Channel 0.9 1.8 2658 Veta Channel 1.8 1.6 2515 Veta Channel 4.5 1.6 2545 Veta Channel 0.9 1.5 2597 Veta Channel 0.9 1.4 2568 Veta Channel 1.8 1.4 2581 Veta Channel 1.8 1.3 2602 Veta Channel 0.9 1.2 2610 Veta Channel 1.8 1.2 2604 Veta Channel 0.9 1.2 2656 Veta Channel 0.9 1.2 *Selective samples are not representative of the mineralization hosted o...