Damara Gold is pleased to announce that further to consultation with the BC Ministry of Energy, Mines, the Lower and Upper Similkameen Indian Bands, Damara has received approval for its Application for Mines Act Permit for its Placer Mountain Project located approximately 35km south of Princeton, British Columbia for a five year period. Diamond drilling at Placer Mountain is planned to resume this summer and will focus on [...]
Damara Gold is pleased to announce further to its news release of December 23, 2022 it has received TSXV approval with respect to the proposed acquisition of a 100% undivided interest in the VanLab Property located in the Quebec territory of Nunavik 200 km north of Schefferville and 200 km south of Kuujjuaq. The Acquisition is being carried out in accordance with the terms of a property purchase agreement dated December [...]
Damara Gold Corp. is pleased to announce that it has entered into purchase agreement to acquire a 100% undivided interest in 203 map designated mineral exploration claims covering approximately 9,675 hectares located in the Labrador Trough region of Quebec, . The Purchase Agreement, dated December 22, 2022, was completed with two arm's length sellers The VanLab Property The Vanlab property covers a portion of the Labrador [...]
Damara Gold Corp. is pleased to announce more high-grade assays from its orogenic-style Kodiak Zone discovery on the Company's Placer Mountain project in Southern BC . The mineralization is characterized by quartz-sulphide veining with clay-sericite alteration halos, hosted within intrusive rock near to the contact with Nicola Group volcanic and sedimentary rocks. Quartz-sulphide veining was intersected in all holes, and [...]
Damara Gold Corp. is very pleased to announce it has confirmed a new high-grade gold zone at its Kodiak Zone prospect, located on the Company's Placer Mountain project. The Company rushed the processing and assays for hole KZ-21-05 which intersected 3.0 m of 39.2 g/t Gold and 80.4 g/t Silver within a new orogenic-style vein system discovered through reconnaissance soil sampling and trenching in 2021 . The true width of [...]
Damara Gold Corp. is pleased to report that it's 2021 drill program has successfully extended gold mineralization at the Main Vein, which continues to remain open to the west, with drill hole MV-21-06 intersecting 1.40 m of 34.12 g/t Au and 87.74 g/t Ag on its Placer Mountain Project south of Princeton, BC. This news release reports the first 6 of 18 drill holes completed during the 2021 program. The 2021 drill program [...]
Damara Gold is pleased to announce the appointment of Ronald L. Parratt as director of the Company. Ron has over 40 years of exploration experience for precious metals including service with Santa Fe Pacific Gold Corp., Homestake Mining Company, AuEx Ventures Inc. and Renaissance Gold Inc. During his years of precious metals experience, Ron had direct involvement in the discovery of several large gold deposits, including [...]
Damara Gold is pleased to announce that the final shipment of drill core samples from its 2021 drill program on its Placer Mountain Project south of Princeton, BC have now been received by MSALABS in Langley, BC. Sample shipments were prepared in batches, with the first shipment made in mid-December. Assays for the initial shipment are expected to be received in the near future, while results for the remaining samples are [...]
Damara Gold Corp. announces further to the news release of April 30, 2021 announcing the exercise of the option from Universal Copper Ltd. and Sydney Wilson via an assignment agreement between Damara and CanaGold Resources Ltd. pursuant to which the Company acquired a 75% interest in the Placer Mountain property, the Company has now issued the final tranche of 9,841,371 common shares to Canagold due on or before December [...]
Damara Gold Corp. is pleased to announce it has completed it's 2021 drill program on its Placer Mountain Project south of Princeton, BC . 1,061 meters were drilled from 10 holes at the Main Zone and 709 meters were drilled in 8 holes at the new Kodiak Zone, for a total of 1,770 meters of drilling in 18 holes on the Property. Core cutting and sampling is ongoing, with one shipment of core samples now in the lab. It is [...]
Damara Gold Corp. , announces it has completed the previously announced financing today wherein the Company has issued 1,944,444 common shares of the Company issued on a flow-through basis at a price of $0.09 per FT Share for gross proceeds of $174,999.96 . The FT Proceeds will be used for expenditures which qualify as Canadian Exploration Expenses within the meaning of the Income Tax Act . The Company will renounce such [...]
Damara Gold Corp. , announces it has increased the previously announced financing wherein the Company has increased the Offering to include up to 1,944,444 common shares of the Company issued on a flow-through basis at a price of $0.09 per FT Share for gross proceeds of up to $175,000 . The Offering remains subject to the approval of the TSX Venture Exchange. The FT Proceeds will be used by the Company to incur eligible [...]
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