Palamina – Drill Program Updates: Drilling At Usicayos, Winshear Gold Drilling At Gaban, Both In Peru
Andrew Thomson, President and CEO of Palamina (TSX.V:PA & OTCQB:PLMNF) joins me to discuss the ongoing drill programs by Palamina and Winshear Gold (which Palamina holds a 15.45 interest and 2% Net Smelter Return royalty on the Gaban Project) in the Puno Orogenic Gold Belt in Peru. Palamina is about halfway through the 3,000 meter drill program, while Winshear has just started its 1,600meter program.
Andrew provides an overview of the holes drilled to date on the Palamina program and the targets being tested. We also discuss the major projects and deposits in the Puno Orogenic Gold Belt, see the map below.
If you have any follow up questions for Andrew please email me at Fleck@kereport.com.
Click here to visit the Palamina website to learn more about the Company.
Gold is getting antsy, up and down and back and forth. The clear direction is higher, even after such a strong move. I would bet that if I asked the public out on the street if they knew the current price of Gold only one in 50 could come up with an answer and one in a 100 might be right. Since Gold was dropped from the dollar over 50 years ago it hardly seems relevant to the public but at these prices it has become way beyond the average person’s ability to buy enough to even hold as an insurance policy.
This is of course only a phenomenon we find in the debt based western World if you travelled to The East the opposite would be true. DT