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Palamina Returns 5.1 g/t Gold over 4 Metres at Surface and 15.4 g/t Gold over 2.7 Metres Underground at the Usicayos Gold Project
Toronto, Ontario--(Newsfile Corp. - January 30, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF...
About this update from Palamina Corp.
[{"type":"text","content":"Palamina Returns 5.1 g/t Gold over 4 Metres at Surface and 15.4 g/t Gold over 2.7 Metres Underground at the Usicayos Gold ProjectToronto, Ontario--(Newsfile Corp. - January 30, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) completed its second field program in the Sol de Oro Zone (\"SDO\") at the Usicayos Gold Project in December 2022. Palamina acquired the SDO Zone in June of last year. At Usicayos a 4.5 km mineralized gold trend has been defined made up of the southwestern SDO Zone, central Cayos Zone and northeastern Veta Zone. Six drill holes were completed in the Veta Zone in 2021 and 2022. The Cayos and SDO zones have never been drilled. Palamina has scheduled these zones for drill testing later this year. At Usicayos, each of the major gold mineralized zones is hosted in Ananea Formation shales and mudstones and controlled by shear zones in a flower structure pattern developed by regional thrusting. The structure at the SDO Zone is currently the widest section identified on the property, with an approximate 1.5 km width versus the 0.25 km width drill tested at the Veta Zone. Gold mineralization is found on both sides of the structure and mineralization dips steeply towards the centre. Four mineralized gold systems have been identified at SDO that are structurally well defined and continuous at surface, three at SDO South and one at SDO North. Figure 1: (upper) Plan View Sol de Oro Zone, (lower) Cross Section Sol de Oro Zone and outward opening flower structure  To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4727/152848_e6ceea2264d84a8b_002bfull.jpg\"Palamina's second sampling campaign in the SDO Zone was designed to test the continuity of gold mineralization at surface across the 4 main gold zones. At SDO North informal miners have excavated short adits into the hillside and dug out small pits targeting two gently-dipping structures where channel samples have returned assays values grading up to 5.1 g/t Au over 4.0 m at surface and 15.4 g/t Au over 2.7 m from the underground workings. On the opposite side of the flower structure, at the SDO South zone, channel sampling returned a broader zone of 3.4 g/t Au over 14.0 m at surface and 23.0 g/t Au over 0.7 m underground. Further systematic underground sampling and mapping is planned in the SDO North zone to furthe...