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Palamina to Test Discovery Gold Projects in Peru
Toronto, Ontario--(Newsfile Corp. - February 7, 2020) - Palamina Corp. (TSXV: PA) is a pure go...
About this update from Winshear Metals Corp.
[{"type":"text","content":"Palamina to Test Discovery Gold Projects in PeruToronto, Ontario--(Newsfile Corp. - February 7, 2020) - Palamina Corp. (TSXV: PA) is a pure gold exploration company preparing for its inaugural drilling campaign on its high-grade Coasa Gold Project in south eastern Peru. Palamina is also a significant shareholder of Winshear Gold (TSXV: WINS), who are advancing the Gaban Gold project toward initial drill testing. Palamina is acting as the operator at Gaban for Winshear Gold. Both projects are located in the Puno Orogenic Gold Belt (\"POGB\") where a modern day gold rush is underway. Palamina & Winshear (via Palamina) have first mover advantage in the POGB where surface discoveries of high grade gold mineralization at both the Coasa and Gaban Gold Projects have led to the identification of sizeable gold systems where neither project has ever been drill tested. Highlights of 2019Completed $1.68 million dollar equity financing;Completed a ~3,000 line km heli-borne geophysical study at the Coasa, Gaban & Cori Gold Projects;Completed NI 43-101 reports for the Coasa and Gaban Gold Projects;Completed structural studies at the Coasa & Bendi Gold Projects;Discovered the new Cayos Zone at the Coasa Gold Project which extended the combined strike length of known surface gold mineralization of the Veta and Cayos zones to 1.6 km;Received DIA (Environmental Impact Statement) permitting up to 40 drill pads at the Coasa Gold Project;Completed four exploration campaigns at the Lagos Silver Copper Project which identified high-grade silver-copper mineralization in Carbonate Replacement Deposit ('CRD') bodies and vein structures;Completed two geological campaigns at the Bendi Project and expanded the geochemistry and geology of the Carol and Mantos gold anomalies;Expanded land positions at the Coasa, Gaban, Bendi and Lagos projectsAnnounced key management & advisory board appointments - Mr. William McGuinty as Vice President Exploration and Ms. Christina McCarthy as Advisory Board member;Acquired 10 million common shares of Winshear Gold Corp. (TSXV: WINS, Formerly Helio Resources) on the sale of the Gaban Gold and Tinka I.O.C.G. Projects. Palamina retained a 2% Net Smelter Return Royalty (\"NSR\") per project + yearly advance royalty payments.Andrew Thomson, President of Palamina stated, \"Palamina's gold projects in the POGB conti...