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Palamina Resumes Exploration at Coasa Gold Project in Peru

Mining News - Published on Fri, 14 Aug 2020

Image Source: Palamina Corp Coasa Gold Project
Palamina Corp has resumed exploration at its 100% owned Coasa Gold Project in south eastern Peru. Drill pad construction is underway, in addition to completion of the field camp in the Veta Zone. Mapping and sampling is also being carried out. Palamina is awaiting approval of the Company’s Initiation of Activities application in order to commence a drill program in the Veta Zone at Coasa. said President Andrew Thomson said “Palamina has resumed field exploration and is completing construction of the field camp at Coasa with a view to initiating a drill program. Palamina’s equity partner Winshear Gold has commenced mapping and sampling on its Gaban Gold Project to expand the mineralized footprint in the Piquitiri Zone. Palamina holds a 19.9% equity interest in Winshear Gold post the recently completed $1.32M financing.”

Palamina is implementing Covid-19 management protocols at its exploration sites and is working with local communities to limit exposure for our employees and families. Peru has eased travel restrictions allowing some interregional travel including resumption of domestic flights from Lima to Juliaca. Palamina’s regional field office is in Juliaca while its Coasa Gold project is located near the town of Usicayos. Palamina remains in close contact with government authorities and continues to mitigate and minimize any potential impacts of COVID-19.

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Posted By : Yogender Pancholi on Fri, 14 Aug 2020
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