Streetwise Reports Examines the Presence of High-Grade Gold at Palamina's Peru Site

SAN FRANCISCO, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Palamina Corp.'s (PA:TSX.V; PLMNF:OTC.MKTS) recent field campaign at its Coasa Gold Project in southeastern Peru continues to confirm the presence of high-grade gold at surface in the Veta Zone where continuous channel sampling returned 1.8 meters of 19.6 g/t gold and 0.9 meters of 103 g/t gold.

Company mentioned: Palamina Corp.

"The recently discovered zone of surface gold mineralization has now expanded to cover an 80- by-500-meter area and further selective rock-chip sampling in the Veta Zone returned up to 620 g/t (19.9 oz/t) gold," stated the company. "A total of 176 geochemical samples were collected at the Veta Anomaly during the August field campaign; 155 as continuous channel samples varying from 0.9 to 4.5 metres true width across mineralized structures hosted by intermittent in-situ outcrops located on scree-covered slopes throughout the Veta discovery zone."

Overall, 64% of channel and rock-chip sampling results turned up anomalous gold grades (>0.1 g/t gold), 15% resulted in gold contents >1 g/t gold and 3% >10 g/t gold (or 8.5% >2 g/t gold). Four visible native gold-hosting structures have now been discovered.

Encouraging analytical results obtained from recent sampling and mapping campaigns on the Coasa Gold Project's Veta Anomaly are confirming the exploration potential of this highly prospective zone of orogenic gold mineralization, stated the company.

The company plans to follow up with systematic channel sampling of the broad mineralized zones identified to date, and soil sampling will be considered over areas without rock exposure.

Continue reading this article: Explorer Confirms Presence of High-Grade Gold at Peru Site

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The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Palamina Corp. Click here for important disclosures about sponsor fees. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Palamina Corp.

The full disclosure is provided at the end of the published article: Explorer Confirms Presence of High-Grade Gold at Peru Site

For more information, please contact Carmen Guzman, Cguzman@streetwisereports.com.