Gerardo Del Real,
Editor
Jan. 29, 2024
After a frustrating 2023 where very little drilling was carried out, it appears we have turned the page now that Palamina (TSX-V: PA)(OTC: PLMNF) has received permits to drill and C$3.62 million in non-dilutive funds from its holding in Winshear Gold, which recently received a settlement on one of its assets.
"Post Winshear’s return of capital to shareholders, both Palamina and Winshear hold in excess of $3M each to carry out meaningful drill programs in 2024. Palamina’s Usicayos and Winshear’s Gaban flagship gold projects are both located in the Puno Orogenic Gold Belt and fully permitted for drilling. Moving forward Palamina retains a 14,500,000 common share interest in Winshear, a 2% NSR royalty on all Winshear projects and holds a significant land bank of gold projects in the Puno Orogenic Gold Belt in Peru. Winshear’s settlement with the Republic of Tanzania and subsequent cash distribution to its shareholders, has left Palamina shareholders well positioned for success in 2024." noted Andrew Thomson, President of Palamina.
The company is finally positioned to deliver on its promise to drill, drill, drill and see what mother nature left behind on its vast land packages in Peru.
Palamina provides excellent gold exploration upside. CEO Andrew Thomson discusses why in this short video.
Let's get it,
Gerardo Del Real
Editor, Resource Stock Digest