Uncovering Gold in Peru: Palamina Strikes 0.72 gpt Gold over 52 Metres, Including 2.59 gpt Gold over 8 Metres at Usicayos Gold Project
Toronto, Ontario–(Newsfile Corp. – December 9, 2024) – Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has concluded its 2024 scout drill program in the Sol de Oro (‘SDO’) zone at its Usicayos Gold Project in Peru.
Highlights:
Broad intervals of gold mineralization were found in both the SDO S and SDO N zones. Drilling identified a blind mineralized intrusive within a 0.63 g/t Au over 40m intercept. Gold assays reached up to 24.6 g/t over 0.5m. Results from 5 drillholes completed in the SDO South and SDO North zones are as follows:
- Zone: SDO S
- Hole ID: USI24-04
- From (m): 43
- To (m): 47
- Interval (m): 4
- Gold (g/t): 0.82
- …
*Intervals are drilled core length as insufficient drilling has been completed to calculate true widths.
These findings are incredibly promising for the future development of the Usicayos Gold Project. Palamina Corp.’s significant discovery could potentially lead to increased investment in the region, job creation, and economic growth for Peru.
Effect on You:
If you are investing in gold or mining companies, Palamina Corp.’s success could present a lucrative opportunity for you. The positive results from the Usicayos Gold Project could boost the company’s stock value, potentially resulting in higher returns for shareholders.
Effect on the World:
The discovery of significant gold mineralization in Peru not only benefits the local economy but also has implications on a global scale. Increased gold production could affect global gold prices, supply, and demand. This could also lead to further exploration and investment in the mining sector worldwide.
Conclusion:
In conclusion, Palamina Corp.’s recent success at the Usicayos Gold Project in Peru is a promising development for the company, investors, and the mining industry as a whole. The discovery of significant gold mineralization showcases the potential for economic growth and prosperity in the region, as well as the broader impact on the global gold market. It will be interesting to see how this discovery unfolds and the opportunities it presents for all stakeholders involved.
