November 19, 2021 – TheNewswire - DAMARA GOLD CORP. (TSXV:DMR) (OTC:SLMZF) (“Damara” or the “Company”) is pleased to announce it has discovered a new zone of mineralized quartz veins, completed mechanized trenching and commenced core drilling on its Placer Mountain Project south of Princeton, BC (“Placer Mountain” or the “Property”).
Trenching Completed at the New Kodiak Zone Discovery
The Company has now completed a mechanized trenching program consisting of the collection of 110 continuous chip samples from a combined total of 322 meters in 4 separate trenches across the newly discovered Kodiak Vein Zone. Mineralized quartz veins were intersected on the western end of Trenches 1, 2 and the eastern end of Trench 3. Bedrock exposure in Trench 4 was limited to one short section due to deep overburden and did not adequately test the strike extension of the vein system. The series of veins intersected are closely spaced, typically 10-50 cm in width and spatially associated with narrow felsic dykes within granitic intrusive rocks. The veins display stronger sulfide mineralization and wider alteration halo’s than is observed at the Main Zone. Assays remain pending for all trench samples.
Grab Samples Confirm Presence of Gold-Silver Mineralization
Rush assays from 10 selected float grab samples collected by soil samplers at the new Kodiak Zone ranged from below detection up to 70.6 g/t gold and 244 g/t silver. The grab samples were collected from two separate areas. One area is 750 meters southwest along trend of the Kodiak Zone veins and the other is 200 meters south-southeast, on a possible separate trend. Neither area has yet had follow up trenching. The Company awaits analytical results for both the trench samples as well as 660 infill and extension soil samples collected during the Phase II program. The results will be used to design a follow up program of maiden core drilling this year as well as further soil sampling, trenching, ground geophysics in 2022.
Photographs of the quartz-pyrite veining intersected by trenching as well as selected grab samples collected at the Kodiak Zone can be found at the following link:
https://www.damaragoldcorp.com/2021_exploration_program_gallery2-389229.html
https://www.thenewswire.com/press-releases/1BOxFzgeX-damara-gold-discovers-new-zone-completes-trenching-and-commences-core-drilling-on-placer-mountain.html