- Palamina Corp (OTCQB: PLMNF) has reported high-grade gold sampling results from its Usicayos project in southeastern Peru.
- The key discovery includes 18.1 g/t gold over 7 meters in the newly identified western shear zone, which extends for at least 350 meters and is open in both directions.
- Palamina plans to expand its 2025 drill program to test both the SDO N and newly explored Cayos zones.
Palamina Corp (OTCQB: PLMNF) has announced substantial gold sampling results from its Usicayos gold project in southeastern Peru. The company's channel sampling in the Cayos zone revealed impressive outcomes, notably 18.1 g/t gold over a 7-meter stretch in the western shear zone. This newly identified western shear extends over a minimum of 350 meters and remains open in both directions, suggesting significant potential for further discoveries.
The gold mineralization is found within broad shear zones, 5-20 meters wide, located in Devonian-aged metamorphosed rocks. Palamina's 2024 drilling program at the SDO N zone, part of the Usicayos project, also yielded promising results, including 35 meters at 0.75 g/t gold with segments of 2 meters at 8.45 g/t gold, and 52 meters at 0.72 g/t gold including 8 meters at 2.59 g/t gold.
Looking ahead, Palamina intends to revise its 2025 drill program strategically to explore the Cayos zone, which has not been previously drill tested, alongside further investigations in the SDO N zone. This drill plan aims to target potential mineralized feeder zones between the SDO N and SDO S sites.
The Cayos zone, pending finalization of surface rights agreements, is approved for drilling, with Palamina also planning additional sampling to delineate the boundaries of the shear zones further.
