Cori Gold Project

100% interest
11,803 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/royalty partner Winshear Gold is conducting an inaugural drill program at Gaban. 

There are over 1,900 informal workers mining from surface along a 3km NE-SW trend on the south side of the Corimayo mountains in the Mucumayo Mines area. 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 east and west and down dip north of the known artisanal mines. 

Palamina has an acquire and hold strategy at Cori while Winshear Gold’s Gaban and Palamina’s flagship Usicayos gold projects are being advanced through the drill discovery phase.

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