Securing and Advancing District Scale Gold Projects Driving Peru’s Modern Day Gold Rush

Palamina (TSX.V: PA OTCQB: PLMNF) has participation in 7 projects in south-eastern Peru in the Puno Orogenic Gold Belt (POGB).  Palamina’s Peruvian based exploration team have a cumulative 35 years’ experience in the POGB and are supported by a board of directors and advisors who are proven mine finders, deal makers and financiers. 

The modern day gold rush underway in south-eastern Peru has expanded every year since completion of the intercontinantal highway in 2008. The POGB is one of the worlds least formally explored orogenic gold belts where new road access has significantly reduced the cost of exploration. Palamina’s gold projects in the POGB have been partially ground-truthed by historic as well as current artisanal, small-scale and informal miners who are generally limited by operating conditions to mining gold from the top 50–100 metres below surface. Known mineralized orogenic gold systems in the POGB extend vertically downwards to over 1,000 metres depth.

Palamina is currently drilling at its Usicayos Gold Project & Winshear Gold at its Gaban Gold Project in the POGB. Palamina retains a 15.4% ownership in Winshear and a 2% Net Smelter Return (“NSR”) royalty on all Winshear projects. Palamina also has an ‘acquire and hold’ strategy for its land bank of copper silver projects in NE & SE Peru.  Palamina is driving shareholder value through drill discovery.