- Palamina (PA) concludes its 2021 drill program at the Usicayos Gold Project in Peru
- A total of 1,704.50 metres were drilled in 2021 where drilling has been suspended due to commencement of the rainy season and seasonal holidays
- The first four drill holes have tested the west-end of the mineralized footprint in the Veta zone which consists of multiple mineralized gold structures
- Further drilling is planned for 2022
- Samples are processed by Certimin S.A in Juliaca and prepared sample splits are transported for assay to a Laboratory in Lima, Peru
- Palamina (PA) is trading at C$0.22 at 10:05 am EST
Palamina (PA) has completed the first four diamond drill holes in the Veta discovery zone at its flagship Usicayos gold project in Peru.
A total of 1,704.50 metres were drilled in 2021 where drilling has been suspended due to the commencement of the rainy season and seasonal holidays.
The first four drill holes have tested the west-end of the mineralized footprint in the Veta zone which consists of multiple mineralized gold structures defined at surface over an 800-metre strike length. Further drilling is planned for 2022.
“Drill cores for holes one through four have been logged and moved from the drill site to our storage facility in Juliaca where sections of interest have been sawn and delivered to the local Certimin prep. lab. Assay results are expected to be returned and compiled by year’s end. I would like to thank all of our exploration team, drill contractor Energold and our Usicayos, Juliaca and Lima staff for initiating this program in 2021,” said Andrew Thomson, President of Palamina.
Palamina has retained the diamond drill at the site and will resume drilling once the data for holes one through four have been compiled and interpreted and weather permits.” added Thomson.”
Palamina drill core samples are being collected and logged in the field by Palamina staff and subsequently transported to Palamina’s base of operations in Juliaca for cutting. One-half of sawn core from sample intervals is being collected and transported by Palamina personnel to the Certimin S.A laboratory in Juliaca, Peru.
Samples are processed by Certimin S.A in Juliaca and prepared sample splits are transported for assay to the CERTIMIN SA Laboratory in Lima, Peru.
Samples are assayed for gold using a 50-gram fire assay charge with an AA finish. Samples are also analyzed using a multi-element ICP-OES package.
Prior to delivery of field exploration samples to the laboratory, Palamina staff insert coarse blank samples, field duplicates and certified gold analytical standards into the sample stream to provide controls over the quality of sampling and analytical procedures.
No standards are inserted for the multi-element suite. All samples are returned to Palamina and stored at a secure facility in Juliaca.
Palamina has first-mover advantage on four district-scale gold projects in the Puno Orogenic Gold Belt (POGB) in southeastern Peru. A maiden drill program is underway at its flagship Usicayos Gold Project.
Palamina (PA) is trading at C$0.22 at 10:05 am EST.
