Orco Gold Project
1,500 hectares titled & under application
Department of Puno, south-eastern Peru
Overview, Infrastructure & Geology
The Orco Gold Project area has been acquired primarily through staking to cover open areas within a significant NW-SE gold trend. It has been reported that Peñoles has completed a drill campaign on their nearby Capac Orcco gold property where a significant gold resource has been established. Palamina has conducted numerous site visits and underground mine tours of small-scale operations located in the vicinity of the Orco Gold Project to better understand the geology of the area.
At Orco, tectonized and structurally deformed zones hosting NW-SE trending regional thrust faults and shear zones as well as some NE-SW trending shears, are present. Weak mineralization occurs in the form of quartz veins hosting iron oxides and scattered sulphides within fault and shear zones. One shear zone over a 10m width hosting deformed quartz veinlets, to date returned anomalous gold values up to 0.26 g/t Au.
Focus on the POGB
The Puno Orogenic Gold Belt (POGB) covers approximately 175 km x 75 km on the eastern side of the Andes in south-eastern Peru. Known mineralized structures in the POGB extend up to 6 km in length with widths ranging from 0.2 m up to 2.0 m, within mantos up to 40 m in width. Palamina has secured the mining rights to 5 district scale land positions within the POGB where informal miners are actively mining visible gold. Palamina is actively exploring the Gaban and Coasa gold projects in order to identify suitable drill target areas to ultimately define economic gold resources while carrying out limited exploration programs on its Cori, Orco and Bendi gold projects.