CORI GOLD PROJECT
Palamina has participation in 5 projects in the Puno Orogenic Gold Belt
100% INTEREST
16,700 HECTARES TITLED & UNDER APPLICATION
DEPARTMENT OF PUNO, SOUTH-EASTERN PERU
Overview, Infrastructure & Geology
The Cori Gold Project was acquired through staking to cover a mountain range that sits south of the Inambari river which drains into the Madre de Dios basin. Palamina believes the Cori mountain range is a partial hard rock source for the modern day alluvial gold rush underway at Madre de Dios. Access to the Cori project is off the Trans-oceanic highway from the town of Macusani to Ayapata then to Winchumayo after which gravel roads are reduced to a single trail best suited to a 4 x 4 ATV. It takes about 8 hours to arrive to the town of Winchumayo when weather and road conditions are good.
Palamina conducted a heli-borne geophysical survey in 2018 to cover the Cori and Gaban project areas. Palamina subsequently sold 100% of Gaban to Winshear Gold. Palamina’s equity partner Winshear Gold is permitting the Coritiri gold anomaly at Gaban for an initial maiden drill program.
On the south side of the Cori mountain range there are over 1,200 informal workers mining from surface along a 3km NE-SW trend on the south side of the Corimayo mountains. Artisanal miners are pursuing visible gold within quartz veins in at least 7 separate mining camps where native gold occurs in quartz within slates. Palamina holds ground along strike to the north west, south and south east and down dip north of the known artisanal mines.
In 2021 Palamina staked additional ground released by the government south of the artisinal mine area. Palamina has a stake and hold strategy at Cori while Winshear Gold’s Gaban and Palamina’s flagship Coasa gold projects are being advanced to carry out maiden drill programs.