Damara Gold is please to announce it will conduct a non-brokered private placement for up to 8,333,333 units of the Company at a price of $0.03 per unit for gross proceeds of up to $250,000. Each Unit will consist of one common share in the capital of the Company and one-half of one warrant. Each Warrant will entitle the holder to purchase one additional Common Share in the capital of the Company at a price of $0.10 for [...]
Damara Gold Corp. announces further to its news release of May 23, 2023, it will not be proceeding with its previously announced private placement of flow-through and non-flow-through units utilizing the 30% Critical Mineral Exploration Tax Credit. The Company had intended to complete its initial summer exploration program at its VanLab property located in Quebec however due to the forest fires and inability to secure [...]
Damara Gold is please to announce it will conduct a non-brokered private placement for gross proceeds of up to $750,000. The Company is pleased to offer the 30% Critical Mineral Exploration Tax Credit which was introduced to support specified critical minerals exploration expenditures incurred in Canada. The Offering will consist of a combination of up to 7,142,857 units of the Company issued on a flow-through basis at a [...]
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 [...]
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