$DMR.v 11% jump on Friday. With Damara Gold (TSXV: DMR) shares continuing to consolidate around lows of $.05, updates on the company’s Placer Mountain project are high on my watch list.
Damara has continued to intersect high-grade gold at the Kodiak Zone, seeing yields up to 46.51 g/t Au. The company also increased its land position at the Placer project, bringing the total project area to 17,519 hectares.
The new claims adjoining the south end of the property overlap a placer mining claim not owned by the company, which indicates a potential placer gold-bearing stream and bedrock source region to the south, within the company’s new ground. This placer claim and another within Placer Creek to the north overlap the company’s bedrock mineral rights.
Excited to hear updates from Damara in the near future to hopefully spur a breakout from consolidation. There’s huge potential here given the company’s current MCAP of $3.48 million.
$DMR.v is currently trading at $.05, with the stock seeing an 11% gain on Friday.
https://ceo.ca/@thenewswire/damara-continues-to-intersect-high-grade-gold-at-kodiak