Gaban Gold Project
Palamina has participation in 7 projects in the Puno Orogenic Gold Belt
100% INTEREST
IN PROCESS OF BEING TRANSFERRED
BACK TO PALAMINA CORP.
15,629 HECTARES TITLED
DEPARTMENT OF PUNO, SOUTH-EASTERN PERU
On April 11, 2025 Palamina received notice from Winshear that they have offered to return 100% ownership of the Gaban Gold and Ica Copper Gold projects to Palamina as per the May 14, 2019 purchase and sale agreement. Palamina has advised Winshear that it intends to take back ownership of both projects. Palamina is conducting a review of the claim blocks for both properties and may only retain a portion of the claims.
On April 25, 2025, Palamina disposed of 4,833,333 Winshear Shares, representing approximately 15.38% of the issued and outstanding Winshear Shares, for gross proceeds of $290,000 (or $0.06 per Winshear Share), and no longer holds, directly or indirectly, nor exercises control or direction over, any Winshear Shares.
In late 2024, Winshear completed an inaugural drilling program in the Coritiri zone to test for a bedrock source to the alluvial gold in the basin to the north at Madre de Dios.
