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Palamina Secures DIA for Initial Drill Testing of the Coasa Gold Discovery in Peru
Toronto, Ontario--(Newsfile Corp. - January 8, 2020) - Palamina Corp. (TSXV: PA) has secured a Declaración de Impacto Ambiental ("DIA") from the Peruvian Minist
About this update from Palamina Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - January 8, 2020) - Palamina Corp. (TSXV: PA) has secured a Declaración de Impacto Ambiental (\"DIA\") from the Peruvian Ministry of Energy and Mines for its Coasa Gold Project in the Puno region of Peru. The DIA allows for the construction of up to 40 drill pads at Coasa. With the DIA in hand, the Company has applied for the Authorization to Initiate Exploration Activities (\"AIEA\") which is required to commence initial drill testing of the Coasa gold system. Andrew Thomson, President of Palamina stated, \"Palamina is one of a few pure gold exploration companies active in Peru with clear mineral title and a DIA approving up to 40 drill pads to test targets on its flagship Coasa gold project. Plans for an initial 2,500 m drill program focussed on testing below high-grade surface mineralization in the Veta Zone are being finalized. The Veta and Cayos discoveries, which combine to extend along 1.6 kilometres (see Figure 1 below), have never been drill tested and remain open at surface to the NE and SW.\" Based on recent favourable prospecting results and supporting surface assay results, Palamina may seek to modify and/or expand the DIA to provide for initial drill testing of the Cayos Zone as well. Figure 1: Coasa select surface sampling map (Reported in Palamina's October 8, 2019 news release) Palamina began staking the Coasa Gold Project area in January of 2017 to obtain the mining rights to a 22 km long deformation corridor hosting numerous discrete shear zones. Within the deformation corridor, the same shear zone hosts GoldMining Inc.'s Crucero gold deposit located 16 km to the south east. Coasa is within an east-west structure on the southern perimeter of the Puno Orogenic Gold similar to structures associated with the Ollachea and La Rinconada gold deposits to the northeast and southwest (see Figure 2). The mineralized surface footprint at Coasa is second only to La Rinconada. Figure 2: Coasa Gold Project & Puno Orogenic Gold Belt location map Palamina Corp. quality assurance/quality control (QA/QC) protocols are administered on all its exploration projects. Prior to delivery of field exploration samples to the analytical laboratory and with the objective to provide an independent check on precision, accuracy and potential contamination in the sampling and analytical procedure,...