Cori Gold Project
Palamina has participation in 8 projects in the Puno Orogenic Gold Belt
100% interest
14,061 hectares titled & under application
Department of Puno, south-eastern Peru
Overview, Infrastructure & Geology
The Cori Gold Project was acquired through staking to cover a mountain range that sits south of the Inambari river which drains into the Madre de Dios basin. Palamina believes the Cori mountain range is a partial hard rock source for the modern day alluvial gold rush underway at Madre de Dios. Access to the Cori project is off the Trans-oceanic highway from the town of Macusani to Ayapata then to Winchumayo after which gravel roads are reduced to a single trail best suited to a 4 x 4 ATV. It takes about 8 hours to arrive to the town of Winchumayo when weather and road conditions are good.
Palamina conducted a heli-borne geophysical survey in 2018 to cover the Cori and Gaban project areas. Palamina subsequently sold 100% of Gaban to Winshear Gold. Palamina’s equity/royalty partner Winshear Gold is permitted to carry out an initial maiden drill program at Gaban.
There are over 1,900 informal workers mining from surface along a 3km NE-SW trend on the south side of the Corimayo mountains in the Mucumayo Mines area. Artisanal miners are pursuing visible gold within quartz veins in at least 7 separate mining camps where native gold occurs in quartz within slates. Palamina holds ground along strike to east and west and down dip north of the known artisanal mines.
Palamina has a stake and hold strategy at Cori while Winshear Gold’s Gaban and Palamina’s flagship Coasa gold projects are being advanced through the drill discovery phase.
Palamina staked the Yin claim to cover Artificial Intelligence (‘AI’) prospective anomalies generated from a study of the POGB completed by GoldSpot Discoveries. A portion of Palamina’s Cori claims and Yin claims cover an area similar in size and shape as that generated from the same study over the Mucumayo Mines area.
In 2022 an initial reconnaissance mapping and sampling program was carried out at Yin that failed to generate any meaningful results. Palamina ranks Yin as a low priority target where further work is not planned at this time.
In 2023 Palamina reduced the size of it Cori claims to the southeast and retained all of the ground north and south of the east west trending main regional contact zone that separates the San Jose and Sandia rock units.
