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Damara Gold Corp (DMR)

TSXV
Currency in CAD
Disclaimer
0.0300
0.0000(0.00%)
Closed

DMR Comments

More solid news coming from Damara Gold, just confirmed a new high-grade zone at its Kodiak Zone prospect in Placer Mountain. Following their recently accelerated processing and assays for the hole KZ-21-05 intersecting 3.0m of 39.2 g/t gold and 80.4 g/t silver within the new orogenic-style vein system. Their maiden drill program has now confirmed the presence of a second potentially larger orogenic gold system at Placer Mountain.
Positive price movements are reflecting the positive results from Damara Gold’s Placer Mountain project where they’re reporting continued intersects of high grade gold already from only the first 6 of 18 holes completed. These updates have also made way for a successful extension in gold mineralization at the main vein. Definitely keeping an eye on this momentum
The recent and impressive results from Damada’s Placer Mountain project are only the tip of the iceberg. Highlights include continued intersects of high grade gold from all 6 of their first drill holes at the project with 1.4 meters of 34.12 g/t gold and 87.74 g/t Silver. The fact that the geological geology is strongly mirroring the adjacent (Gold Mountain) Elk Gold project is another fact that bodes well for this solid play leveraging rising gold prices.
I’m still hot on gold as a store of value so the positive results at Damara have seriously gained my interest. Their recent update from Placer Mountain reports continued intersects of high grade gold from all 6 of their first drill holes at the project. Highlights include 1.4 meters of 34.12 g/t gold and 87.74 g/t Silver. Furthermore, indicating high potential for a large scale orogenic gold system at the project for significant likelihood of expansion.
Damara Gold Corp just came onto my radar after it broke 10c on massive volume. Trading for $DMR.v has just resumed as of this morning. They’ve also just provided another update on their drilling at the Placer Mountain reporting continued intersects of high grade gold in the first six (of 18) 2021 drill holes at the project - including 1.4 meters of 34.12 g/t gold and 87.74 g/t Silver. These strong results are highlighting the strong potential for a large scale orogenic gold system at Placer Mountain - indicating significant expansion potential. Definitely one to watch
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