Inca Gold Project
Palamina has participation in 8 projects in the Puno Orogenic Gold Belt
100% interest
2,600 hectares
Department of Puno, south-eastern Peru
Overview, Infrastructure & Geology
The Inca Gold Project is located in the Ituata district, Carabaya Province in the Puno Orogenic Gold Belt (‘POGB’) 20 km’s north east of the Ollachea gold deposit. Inca was acquired through staking in 2020 and 2021 to cover areas that came open when abandoned by previous owners. Members of Palamina’s geological team were instrumental in defining the Ollachea deposit and believe Inca has the potential to host a significant orogenic gold deposit. Inca sits north west of the small town of Ayapata. The town of Ayapata is a 4.5 hours drive from Palamina’s field office in Juliaca along the intercontinental highway for 2.5 hours then 2 hours to Ayapata. Altitudes of the mineralized zones varies from 3,800 masl and 4,400 masl.
Small historic artisanal workings on gold veins can be found within the Inca claim. Watersheds from the Inca claim drain into the San Gaban and Inambari Rivers which subsequently drain into alluvial gold fields at Madre De Dios.
Inca hosts similar mineralized controls as the Ollachea gold deposit to include: Lithostratigraphy (Ananea Formation / bituminous shales), density of quartz-sulphide veins (iron oxides), arsenic content (gold pathfinder in POGB), a degree of metamorphism, structural controls and the presence of free gold.
In 2008 a third party exploration group carried a reconnaissance exploration program which defined three separate mineralized zones: the Madre Zone, Rompolomo Zone and the Chiartitacocha zone. More than 30 quartz-iron oxide veins were located with widths measuring between 0.20 to 2.0 meters. The presence of native gold was reported in several veins where sampling returned up to 135 g/t Au and 4.2 g/t Ag.
In 2023 Palamina plans to carry out a reconnaissance visit to assess the known gold mineralization.
