Toronto, Ontario–(Newsfile Corp. – September 11, 2024) – Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has received a US$100,000 Advance Royalty (“AR”) payment from Winshear Gold Corp. (“Winshear”) (TSXV: WINS). The AR payment was due pursuant to a property purchase agreement signed on September 19, 2019. The agreement sets out annual AR anniversary payments and a 2% NSR royalty per project due to Palamina from Winshear. In September of 2025 a further US$100,000 payment is due from Winshear to Palamina to maintain Winshear’s Gaban and Ica claims.
Palamina also holds 4,833,333 common shares in Winshear representing a 15.4% ownership interest in Winshear. Winshear is scheduled to begin an inaugural 1,600 metre drilling program at its Gaban Gold Project by the end of September 2024. Drilling is also underway at Palamina’s Usicayos Gold Project.
In 2024, Palamina shareholders have participation in two drilling programs on gold projects in…
