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Palamina Samples 3.2 Metres of 12 G/t Gold at the Coasa Gold Project
Toronto, Ontario--(Newsfile Corp. - July 7, 2020) - Palamina Corp. (TSXV: PA) reports f...
About this update from Palamina Corp.
[{"type":"text","content":"Palamina Samples 3.2 Metres of 12 G/t Gold at the Coasa Gold ProjectToronto, Ontario--(Newsfile Corp. - July 7, 2020) - Palamina Corp. (TSXV: PA) reports further significant channel sampling results from its Coasa Gold Project in south eastern Peru. In mid-December 2019, Palamina completed a comprehensive channel sampling program in the newly discovered Cayos Zone designed to better define mineralized structures and expand known mineralization. The Cayos Zone is located southwest of the Veta Zone, the Company's first proposed drilling target in the Coasa Gold Project. These samples were due to be submitted in mid-January but delayed until June of 2020 due to the Covid 19 shut down.\"Palamina's newly discovered Cayos Zone at the Coasa Gold Project continues to deliver substantive gold values at surface.\" said President Andrew Thomson \"Palamina's in-country Peruvian geological team will resume exploration in July following Covid-19 guidance. The focus will be on expanding our understanding of the known vein hosting structures slated for drilling in the Veta Zone and new expansion work at surface in the Cayos Zone.\"To date 524 samples have been collected in the Cayos Zone. Of the 239 channel samples collected during the most recent exploration phase in the Cayos zone, 76 were over intervals of 1.0 m to 1.2 m in length and returned the following: Selected Sample Highlights - Cayos Zone - Coasa Project 2020 Sample ID* Sample Interval Assay g/t Au 005179 1.20 23.11 005210 1.00 15.51 005114 1.00 11.14 005185 1.00 9.17 005137 1.00 8.29 005140 1.00 6.11 005142 1.00 5.13 005196 1.00 4.91 005176 1.00 4.15 005141 1.00 3.89 005138 1.00 3.30 005177 1.00 3.27 005184 1.00 3.14*Select values in table are for recent sampling returning > 3.0 g/t Au over their reported interval. Composite channel samples ranging from 2.0 m to 19.0 m in length intervals, with values > 0.40 g/t Au, are presented in the table below: Selected Channel Sample Results - Cayos Zone - Coasa Project 2020 CHANNEL SAMPLE SAMPLE INTERVAL ASSAY INCLUDING INTERVAL ID* Length (m) Au g/t Length (m) Au g/t CA-01 7.7 2.36 1.0 15.2 CA-02 3.5 0.70 CA-03 5.3 5.46 1.0 27.3 CA-04 6.45 3.04 1.2 12.9 CA-07 10.7 1.35 1.0 4.70 CA-08 5.8 3.44 1.0 18.1 CA-09 7.1 2.89 1.0 15.9 CA-10 6.6 1.57 1.0 5.20 CA-12 3.2 12.0 1.2 30.9 CA-16 2.0 1.28 1.0 2.50 CA-18 2.2 1.22 1.2 2.21 CA-21...