Palamina Samples High Grade Silver-copper-lead Mineralization At Lagos Project In South-eastern Peru

Palamina Corp. (PA: TSX.V) has completed first pass surface sampling on its Lagos Project in Peru and has identified a number of outcropping high-grade silver-copper-lead occurrences. Individual channel samples collected from outcropping veins on the property range from detection to highs of 1,135 g/t silver, 7.3% copper and 30% lead (see tables below).

Palamina Completes First Tranche Of Private Placement

Palamina Corp. (“Palamina” or the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the “Offering”) announced on January 31, 2019 and February 8, 2019. In this first tranche, the Company raised a total of $1,535,500 for the issuance of 5,118,332 units (the “Units”) at the price of $0.30 per Unit.

Early Warning Press Release

The Acquiror purchased 2,500 Common Shares at a price of $0.35 per Common Share and 575 Common Shares at a price of $0.37 per Common Share for an aggregate 3,075 Common Shares of the Company for gross consideration of $1,087.75, increasing the Acquiror’s overall ownership interest in the Company to 12% of the outstanding Common Shares (the “ Acquired Shares”).

Palamina’s Commences Heliborne Geophysical Survey Over Three Gold Projects In Peru

Palamina Corp. (PA:TSX.V) reports that New-Sense Geophysics Limited has commenced a 3,083 line  kilometer heliborne geophysical survey over its Coasa, Gaban and Cori gold projects in the Puno Orogenic Gold Belt (“POGB”) in south-eastern Peru. In the POGB, gold mineralization frequently has an association with magnetic pyrrhotite within swarms of orogenic quartz veins and veinlets restricted to discrete, continuous packages in shear zone structures hosted by fine-grained sedimentary units. 

Palamina Announces Grant of Options

Palamina Corp. has granted 950,000 incentive stock options to certain officers, directors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.39 per common share.  The options granted to officers and directors expire in 5 years and the options granted to the consultants expire in 3 years.

Palamina Completes Oversubscribed $2.15 Million Private Placement

Palamina Corp. (PA:TSX.V) has closed a non-brokered private placement offering of 7,166,667 Units at a purchase price of $0.30 per Unit, for aggregate gross proceeds of $2,150,000. On February 1, 2018, Palamina announced a $2,000,000 placement but due to demand elected to increase the placement by $150,000 yet remain under 30,000,000 shares outstanding. After giving effect to the financing Palamina has 29,621,381 shares outstanding.