DISCOVERING THE SOURCE OF PERU'S MODERN DAY GOLD RUSH - SEPTEMBER 2021
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DISCOVERING THE SOURCE OF PERU’S MODERN DAY GOLD RUSH TSX-V: PA SEPTEMBER 2021
Disclaimer This presentation contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation’s plans and objectives to differ materially from those expressed in the forward looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward- looking information should circumstances or management’s estimates or opinions change. The technical and scientific information included herein has been reviewed and approved by Mr. William McGuinty, P. Geo., Vice-President Exploration of Palamina Corp., and a qualified person under National Instrument 43-101 of the Canadian Securities Administrators. TSX-V: PA 1
The Road to Discovery
• PA exploring for world-class orogenic gold deposits in the
Puno Orogenic Gold Belt (“POGB”) in SE Peru ✓
• PA participates in +70k hectares & 6 district scale projects in Puno ✓
• PA exploration team has 19 years experience in POGB ✓
• PA raises $5M in June 2021 ✓
• PA partners with GoldSpot to enhance pace of discovery in POGB ✓
• PA drill testing Veta Zone on flagship Usicayos Gold Project ✓
• PA holds 19.5% of Winshear Gold + 2% NSR on Gaban Gold Project ✓
• Winshear Gold (WINS) raises significant funding in December 2021
to recover investment in SMP orogenic gold deposit in Tanzania ✓
• PA Usicayos & WINS Gaban gold projects in drill discovery phase ✓
“Eyes on the Ground”
TSX-V: PA 2
Maiden Drill Discovery Catalysts
• Palamina staked gold projects in Peru as
possible source of alluvial gold fields
• Palamina contracts Energold to initiate drill
program on it’s Usicayos Gold Project
• Palamina is one of a few pure gold junior
explorers active in Peru PALAMINA – USICAYOS Au PROJECT
4 Visible Gold Discovery Zones
• Palamina owns 19.5% of Winshear Gold
+2% NSR on WINS Gaban Gold Project
• Maiden drill programs at Usicayos & Gaban
each having +2km mineralized gold trends
• First mover advantage on significant land
package with minimal holding costs / no
WINSHEAR GOLD - GABAN Au PROJECT
yearly expenditure requirements
Alluvial Gold from Yanamayo River
“Eyes on the Ground”
TSX-V: PA 3
Record of Discovery & Development
Andrew Thomson Hugh Agro Christina McCarthy Sean Spraggett Alistair Waddell
President B.Sc. M.B.A. Geologist B.Sc. B.Sc.(Hons), MAusIMM
Director Director Director Director Director
Brian Jenning, William McGuinty Yury Valdivieso Jose Vizquerra-Benavides Douglas Reeson, Phillip Walford
CA, B.Sc. P.Geo M.Sc. M.Sc. M.B.A. B.Sc., P.Geo.
Chief Financial Officer VP Exploration Exploration Manager Advisory Board Advisory Board Advisory Board
“Palamina’s team has raised +$100M
& defined +7M oz gold in the last 5 years”
TSX-V: PA 4
Palamina Capital Structure
SHARES OUTSTANDING 65,284,836
OPTIONS 5,175,000
WARRANTS+ 24,431,200
SHARES FULLY DILUTED 94,891,036
CASH + MARKETABLE SECURITIES* $4,400,000
MARKET CAP (C$M)^ $20,250,000
MAJOR SHAREHOLDERS GD
3%
PA
HIGH NET 14%
ERIC SPROTT 12 %
WORTH SPROTT
28% 12%
ERNESTO ECHAVARRIA 8%
PA ANDREW THOMSON – PRESIDENT 8%
RETAIL
JEFF PHILLIPS 7% 43%
PA DIRECTORS, MANAGEMENT, ADVISORS 6%
GOLDSPOT DISCOVERIES CORP. 3%
+ ~4.43k @ $0.35 + 20M @ $0.40
* 10.525M shares in Winshear Gold Corp.
^ As at Sept 14, 2021 CDN$0.31 share price
TSX-V: PA 5
Gold Rush in SE Peru
PATAZ OROGENIC GOLD BELT
MADRE DE DIOS
700 sq. miles of
ALLUVIAL GOLD
Madre de Dios
Alluvial Gold
Modern day gold rush due to completion of Intercontinental Highway in 2008
PUNO OROGENIC
GOLD BELT La Rinconada
Glacial Gold
LA RINCONADA
HARD ROCK MINING UNDER GLACIER
Highest inhabited town on earth at ~17,000 feet above sea level
TSX-V: PA 6
• Puno Orogenic Gold Belt (‘POGB”)
(dark grey) 175 x 75 km
• District scale projects staked,
clear title to 55k hectares in POGB,
no back end payments or royalties
• Fresnillo and Horizonte
main competitors in POGB
• Infrastructure driving gold rush,
new Inter-continental highway, bridges,
hydro-electric dams & power lines
• Ground-truthed by artisanal miners
little to no systematic exploration, no
drilling to test depth or strike potential
• Shadow of head frame exploration
without the head frame
TSX-V: PA 7
TSX-V: PA 8
Usicayos Gold Project
s
• 14,600 hectares
• GoldMining’s Crucero
gold deposit affirms
volume potential
• s
• 22 km long shear zone
extends through
Usicayos s
• 10 mineralized zones
identified & prioritized
• Veta Zone permitted
for drill testing
GoldMining inc.
CRUCERO GOLD RESOURCE +
INDICATED:
0.933 Moz Au 30.6Mt @ 1.00 g/t Au
INFERRED:
1.14 Moz Au 35.7Mt @ 1.03 g/t Au
• Heli-borne geophysical
survey & structural
study completed
+ GoldMining Inc. news release Januuary 16, 2018
TSX-V: PA 9Heli-borne Geophysical Targets
• Discrete mineralized
zones are defined
by regional SW-NE
structures defined
within broad
radiometric &
magnetic limits
• All gold zones
located within
magnetic highs at
the intersection of
the regional
interpreted shear
zone and SE to NE
structures
TSX-V: PA 10Veta Channel Samples
• 10 channel samples with highest
values (represented on map):
SAMPLE SAMPLE LENGTH Au
ZONE
# TYPE (METRES) (g/t)
2954 Veta Channel 1.0 123
2542 Veta Channel 0.9 103
3391 Veta Channel 1.7 26.3
HOST ROCK 4354 Veta Channel 1.0 22.0
MINERALIZED
2577 Veta Channel 1.8 19.6
3448 Veta Channel 1.7 18.3
3371 Veta Channel 1.4 17.4
5236 Veta Channel 1.4 14.3
5230 Veta Channel 1.0 14.2
3459 Veta Channel 2.0 13.5
• Initial 2,600m 6 hole drill program
planned
Selective rock-chip & channel samples do not fully represent all mineralisation and sampling completed
TSX-V: PA 11omalía Veta
Veta Zone Drill Plan
• DIA (environmental impact
statement) and related
permits in place
VETA
FIELD
CAMP
• Six diamond drill holes A
planned in Veta Gold Zone
~ 2,600 metres A
396800 397000 397200 397400 397600
8
• Energold Peru contracted to 1
carry out drill program
8442600
8442600
VE-06-2021
• Field camp in place C
A
8442400
8442400
• Following Covid 19 protocols
VE-05-2021
VE-04-2021
5
VE-01-2021 Legend
Proposed Drill Holes • Field campaigns resumed in 2
8442200
8442200
Faults
SCALE 1 : 4000
PROJECTION UTM - DATUM WGS 84
ZONE 19 - SOUTH HEMISPHERE
VE-02-2021 Auriferous Bodies
Au_ppm
April 2021
< 0.4
0 100 200 VE-03-2021 0.4 - 1.0
Meters 1.0 - 3.0
TSX-V: PA 396800 397000 397200 397400 397600
> 3.0
12Usicayos Discovery Zones
• 2.4 km mineralized
strike length
open to SW & NE
VETA CAMP a
• Veta grab sampling
Field camp in Veta Zone up to 620 g/t Au
completed in 2020
• Cayos channel
sampling up to
35.0 g/t Au over 3m
a
• Veta NE channel
sampling up to
90.3 g/t Au over 1.3m
• Modification of DIA
to allocate up to +34
drill pads to Cayos &
Veta NE zones
Top ten select channel and rock samples for the Veta, Veta NE and Cayos Zones October 27, 2020
TSX-V: PA 13CORI GOLD PROJECT WINSHEAR GOLD
• 16,700 hectares GABAN PROJECT
• 100% owned by PA
FRESNILLO
• 1,200 artisanals mining
hard rock VG in trend
• PA staked ~35,000
hectares along strike
PALAMINA
NW, SE & down dip of
CORI PROJECT
known artisanal mines
PIQUITIRI SHEAR QUARTZ VEIN
• Heli-borne survey
completed over trend
• ~50% sold to Winshear
• Hold strategy as Gaban
and Usicayos move
through drill discovery
MUCUMAYO MINE GOLD ORE
TSX-V: PA 14Winshear Gold Gaban Gold Project
N
MADRE DE DIOS
• 18,700 hectares
• 100% Winshear Gold
700 square miles of
ALLUVIAL GOLD
(TSXV:WINS)
HIGHWAY TO
PUERTO MULDONADO
INTERNATIONAL
AIRPORT
• PA owns 19.5% of WINS
+ 2% NSR + AR payments
BRIDGE ACCESS
• Dr. Mark Sander appointed
INTEROCEANIC
TO PROPERTY
HIGHWAY President WINS July 2020
• Potential hard rock source
of Madre de Dios alluvials
TOWN OF
SAN GABAN • Rock chip samples up to
32.35 g/t Au
SAN GABAN
HYDRO DAM
Stream Sediment
• Winshear has submitted
10 ALLUVIAL AREAS
Au (ppm)+
YANAMAYO RIVER environmental study (DIA)
to drill in the Coritiri zone
0.20 – 1.00
>1.00 STAMP MILL BOOT 5 Km
YANAMAYO RIVER
TSX-V: PA 15Winshear Gold heli-borne survey results
Coritiri set to be first drill test target area
TSX-V: PA 16Coritiri Gold Anomaly 2,000m X 900m
Historic Adit
Coritiri Zone
TSX-V: PA 17Palamina at Inflection Point
• First mover advantage in Peru’s Puno Orogenic Gold Belt
• In-country geological team with 19 years experience in the POGB
• Participation in 5 district scale gold projects in the POGB
• No onerous back end payments, funding goes into ground
• Well financed to complete significant drill program at Usicayos
• GoldSpot’s geological expertise to assist with discovery
• 19.5 % equity in Winshear Gold + 2% NSR on Gaban project
• PA & WINS projects host gold structures with over 2km of strike
• Palamina continues to seek equity & JV partners for its projects.
• Palamina set to meet demand for world class tier 1 gold discoveries
“Shadow of head frame exploration without the head frame”
TSX-V: PA WWW.PALAMINA.COM 18Bendi Gold Project
• 13,400 hectares
• Capac Orcco
hosts significant
gold resource in
anticline
• Anticlines occur
on NE SW
structures
• Fresnillo stakes
all open ground
in trend in 2018
TSX-V: PA 19Bendi Gold Project
• Numerous 3rd
party small gold
mines in area
• VG identified off
property: PA
staked extension
• Carol & Mantos
anticlinal
structures same
orientation as
Capac Orcco
• Newly
discovered
gold zones up to
7 km in length
TSX-V: PA 20Bendi: Mantos Gold Anomaly
• Mantos structure
>7 km long
shear-zone
• Sub-parallel to
Benditani gold
mine structure
• Rock-chip sample +
values up to:
9.9, 15.3 &
25.4 g/t Au
• Channel samples +
up to :
S. 5m @ 6.3 g/t Au
+Selective rock-chip & channel samples do not fully represent all mineralisation and sampling completed
TSX-V: PA 21Bendi: Carol Gold Silver Anomaly
• Carol structure
>15 km long
NW-SE trending
shear zone
CAROL • ~3 km on strike to
STRUCTURE operating gold mine
OUTLINE
to NW
• Channel sample +
values up to :
1.8m @ 13.4 g/t Au
& 234 g/t Ag
+ Selective channel sampling highlighted does not fully represent all mineralisation and sampling completed
TSX-V: PA 22Lagos Silver Copper Project
• 1.5 Hours from PA field
office in Juliaca / off
paved intercontinental
highway
• Abundant water, across
lake from main Santa
Lucia district mines
• Railway line runs
through center of
property
• Flat rolling hills above
tree line
Excellent infrastructure
TSX-V: PA 23Lagos Silver Copper Project
• 7,900 hectares
• PA staked to cover a
series of high-grade
Ag/Cu veins & Santa
Rosa Mine
• Santa Lucia District
hosts epithermal and
carbonate replacement
deposits
• SW of Aftermath Silver
Berenguela Ag/Cu/Mn
• SE of Kaizen Discovery
Pinaya Cu/Au
TSX-V: PA 24Lagos Silver Copper Project
• ~1.5 hours by paved road
from Juliaca field office
• SW of Santa Lucia district
SE of Pinaya districtg
Mina Rosa channel:
0.5m @ 494 g/t Ag, 28.9% Pb
0.4m @ 112 g/t Ag, 5.2% Cu
sssss
Azul Zone channel:
1.2m @ 408 g/t Ag, 5.5% Cu, 0.4% Pb
0.4m @ 288 g/t Ag, 7.1%
sssss
Gris Zone select:
0.1m @ 52 g/t Ag, 10.4% Pb
ssss
Verde Zone channel:
2.0m @ 4 g/t Ag, 5.3% Cu
+Selective channel & rock chip sampling highlighted does not fully represent all mineralisation and sampling completed
TSX-V: PA 25Eyes on the Ground TSX-V: PA 26 LA RINCONADA PENON DE ORO MUCUMAYO
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