Toronto, Ontario--(Newsfile Corp. - September 23, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has acquired 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. ("Vicus") from Aurania Resources Ltd. (TSXV: ARU) ('Aurania'). Vicus is now a wholly owned Peruvian subsidiary of Palamina Corp. Aurania received 350,000 common shares of Palamina and was granted a 1% Net Smelter Return royalty on the Pluma sediment-hosted copper silver project as full payment for the purchase ...
Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has received a US$100,000 Advance Royalty ("AR") payment from Winshear Gold Corp. ("Winshear") (TSXV: WINS). The AR payment was due pursuant to a property purchase agreement signed on September 19, 2019. The agreement sets out annual AR anniversary payments and a 2% NSR royalty per project due to Palamina from Winshear. In September of 2025 a further US$100,000 payment ...
Toronto, Ontario--(Newsfile Corp. - August 13, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has commenced drilling in the Sol de Oro ("SDO") zone at its 100% owned Usicayos Gold Project in south eastern Peru. Drill equipment was successfully mobilized and a fully functioning field camp is in place to support the program.Seven diamond drill holes totaling approximately 3,000 metres are planned to test the SDO East, SDO South and SDO North zones. ...