Cumulative sampling reveals high-grade gold
mineralization in two adjacent zones.
Palamina
Corp. (PA:TSX.V; PLMNF:OTC.MKTS) announced the Cayos zone, at its
southeastern Peru project, returned 3 meters (3m) of 30.5 grams per ton (30.5 g/t)
gold, "which represents the company's best channel sample to date at
Coasa," President Andrew Thomson said in a news release.
Six samples were taken from a 200-by-300m area of the Cayos zone. They
consisted of "two composites from small informal mining adits, two
continuous channel and two selective rock-chip samples," noted the
release. The composite samples returned 16.5 g/t and 9.8 g/t gold.
Palamina pursued the Cayos sampling after its Veta zone, located 1.5
kilometers north, revealed four gold zones. Chip sampling from an 800-by-500m
swath at Veta returned up to 620 g/t gold, and channel sampling showed up to
1.8m of 19.6 g/t gold.
"The Veta and Cayos gold zones have both returned significant gold
grades from quartz veins, and channel sampling has also confirmed significant
gold mineralization within the slate and siltstone host rocks on both,"
according to the release.
Pending results from the geophysical study will help Palamina determine
the interplay between Cayos and Veta, and better understand the geological
structures at Coasa overall.
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