Yin Gold Project
Palamina has participation in 8 projects in the Puno Orogenic Gold Belt
100% interest
4,000 hectares under application
Department of Puno, south-eastern Peru
Overview
On May 3, 2022 Palamina applied for the mining rights to 4,000 hectares that make up the Yin claims area to cover an Artifical Intelligence (“AI”) target area generated from GoldSpot Discoveries Corp. (“GoldSpot”) study of the Puno Orogenic Gold Belt (“POGB”).
GoldSpot Discoveries Study of the POGB
GoldSpot Discoveries Corp. (“GoldSpot”) along with Eric Sprott participated for 15% of Palamina’s June 30, 2021 financing. GoldSpot has since completed an Artificial Intelligence (“AI”) study of the POGB in order to generate AI target areas with the potential to host significant mineralization based on known data processed through their machine learning technologies.
In the first quarter of 2022 GoldSpot concluded and presented Palamina with its interim results. The most significant of the AI target areas was subsequently covered by Palamina’s Yin claim in May 2022.
GoldSpot’s study of the POGB generated an AI target area of similar size and shape over the Mucumayo mines area. Both AI target areas circled in yellow have similar structural intercept settings and sit south of the contact of the Sandia (south) and San Jose (north) regional rock units. 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.
