$DMR intersects high-grade gold at Kodiak Zone! Solid update from Damara Gold ($DMR.v $SLMZF) yesterday, intersecting high-grade gold at the Kodiak Zone at its Placer Mountain Property with 3.0m of 39.2 g/t Gold and 80.4 g/t Silver.
Highlights:
- 3.0m of 39.2 g/t Gold and 80.4 g/t Silver in a new orogenic-style vein system
- Kodiak Zone is open in all directions with a 1.5km high-grade soil anomaly still open to the east
- Quartz-sulphide veining intersected in all drill holes at Kodiak Zone
- Only 1/3 of 600m wide Kodiak Zone has been tested
- Multiple gold occurrences found in a single field season
Additionally, there's strong potential for additional discoveries under post-mineral volcanics spanning a 2.5km distance between the Kodiak and Main Zones and additional ground staked to the north along prospective geological structure
These are significant results as they confirm the presence of a second, potentially large orogenic gold system at Placer Mountain, with the Kodiak Zone appearing to be more robust than the Main Zone.
$DMR has expanded the drilling planned for 2022 and expects to release additional assay results soon
$DMR has remained stable and relatively unknown despite this announcement, trading at only $0.0850 with a $5.91M MC which provides a solid opportunity to get in cheap IMO.
https://www.thenewswire.com/press-releases/1BKRFKvPV-damara-intersects-high-grade-gold-at-kodiak-zone-with-30-meters-of-392-g-t-gold-and-804-g-t-silver.html