Business
Palamina Samples High Grade Silver-Copper-Lead Mineralization at Lagos Project in South-Eastern Peru
Toronto, Ontario--(Newsfile Corp. - May 23, 2019) - Palamina Corp. (TSXV: PA) has completed first pass surface sampling on its Lagos Project in Peru and has ide
About this update from Palamina Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - May 23, 2019) - Palamina Corp. (TSXV: PA) has completed first pass surface sampling on its Lagos Project in Peru and has identified a number of outcropping high-grade silver-copper-lead occurrences. Individual channel samples collected from outcropping veins on the property range from detection to highs of 1,135 g/t silver, 7.3% copper and 30% lead (see tables below). The road accessible Lagos Project is located southwest of the town of Santa Lucia in the department of Puno in south-eastern Peru. Palamina has received exploration title to 1,700 hectares with an additional 6,200 hectares still under application. Andrew Thomson, President of Palamina stated, \"During the rainy season Palamina carries out geological programs on its projects outside of the Puno Orogenic Gold Belt. Strong results from our initial sampling at Lagos have outlined several prospective vein systems. Based on these strong results we have applied to expand our land position at Lagos. The Lagos Project is less than two hours from Palamina's field office in the city of Juliaca.\" Lagos 1 In the first four months of 2019, Palamina carried out two mapping and sampling programs at Lagos. A total of 102 samples from 4 separate mineralized zones were sent in for analysis. Palamina conducted follow-up staking to cover the Azul Zone and extensions to the Gris and Verde Zones based on its observations. Sample Results The historic Santa Rosa mine workings, located central to the property, occur adjacent to a north east trending road at the base of a ridge. Mining reportedly last took place in the 1980's but was believed to have been shut down due to low silver and copper prices. Select chip sampling from old mine workings, channel and dump area sampling returned values as high as 1,135 g/t silver, 5.2% copper and 30% lead as follows: SAMPLENUMBER ZONE SAMPLELOCATION ROCK SAMPLETYPE SAMPLE LENGTH METRES Agg/t Cu% Pb% 3841 ROSA Mine Channel 0.5 494 0.3 28.9 3846 ROSA Mine Channel 0.4 137 1.1 0.1 3858 ROSA Mine Channel 0.6 410 0.2 30 3832 ROSA Sub Outcrop Channel 0.7 63 0 6.5 3839 ROSA Sub Outcrop Channel 1.5 15 0 3.7 3859 ROSA Sub Outcrop Channel 0.3 88 0 26.2 3860 ROSA Sub Outcrop Chip 3x3 52 0 6.7 3868 ROSA Sub Outcrop Channel 0.4 299 2.1 0 3849 ROSA Sub Outcrop Channel 0.2 112 5.2 0 749 ROSA Outcrop Channel 1.1 153 0.2 0.2 3869 RO...