Andrew Thompson, President and CEO of Palamina Corp. (TSX.V:PA & OTC:PLMNF) joins me for a comprehensive update on the Company. We start with the permitting environment in Peru and when we can expect the permits for the Coasa Property. We also get an update on the sale of non-core projects to Helio Resource Corp..
Palamina Corp holds land in the Puno Gold Belt in Peru that is garnering a lot of attention in the marker right now. With Miramont and Auryn currently exploring in this area as well I wanted to get an update from Palamina on its work plans for this year.
Andre Thompson, President and CEO of Palamina joined me to share his thoughts on this renewed investor interest in the Country. We discuss the process of getting permits to drill and what the Company is planning in terms of exploration.
Be email me with any follow up questions or comments on Palamina – Fleck@kereport.com. I am happy to answer any of your questions or pass them on to Andrew. In full discloser I am a shareholder of Palamina.
Palamima Corp (TSX.V:PA & OTC:PLMNF) is a Company that has built a land package in Peru of multiple properties over the past two years. Now they are moving these projects through permitting and expect to be drilling this year.
Andre Thompson, President and CEO of Palamina joined me to discuss the recent developments so far this year. We touch on permitting process in Peru and a private placement (that I will be taking part in) that is underway.
Please email me if you have any follow up questions for Andrew regarding the Company or private placement – Fleck@kereport.com.
Toronto-based Palamina Corp. (TSXV: PA) took one step forward regarding its 100%-owned Coasa gold project by submitting, this week, an Environmental Impact Declaration (DIA in Spanish) to the Peruvian Ministry of Energy and Mines. Such declaration is the primary environmental permit required prior to drilling.
The 17,200-hectare Coasa project is located in the Puno region of southeastern Peru and covers the town of Usicayos. It lies midway between the Ollachea and La Rinconada deposits, which are focused along a structurally deformed east-west trending jog-zone, part of a larger regional shear-zone.
In a press release, Palamina said that it has outlined an initial 3,000-metre drill program to test a couple of zones within the project, that is, the Veta and Phusca Zones.
"Once approved the DIA will enable Palamina to excavate trenches and complete up to 40 drilling platforms," the company's President, Andrew Thomson, said in the media brief.
The firm expects the environmental permit to be issued by late May and to cover 15 platforms and an initial 2,500 metres of drilling planned at Veta and 5 platforms and 500 metres of drilling planned at Phusca.
"DIA permits allow for 40 drill platforms leaving Palamina 20 for future use. Final drill target selection will be made following the conclusion of further geological mapping, trenching and prospecting expected to recommence by the end of April," Thompson said.
The post Toronto miner one step closer to start drilling at Peruvian project appeared first on MINING.com.
On Tuesday Palamina Corp. released soil sample results from the Veta Zone at the 100% owned Coasa Property. The results graded as high as 123g/t Au. Andrew Thomson, Palamina President and CEO joins me to recap the results and provide a look ahead to further exploration work for next year. We discuss the overall trend of the higher grade sample results as well as the other deposits in the area.