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High resolution plan maps illustrating the holes drilled at both zones can be downloaded from the Company’s website at:https://www.damaragoldcorp.com/2021drillprogrammaps.html
Drilling at the
Drilling at the
Muddy conditions on the steep bank resulted in equipment getting stuck for a short period of time during which the drill could not be moved. For that reason, the first five holes were drilled in a fan pattern at various azimuths and dips from a single pad. All 5 holes intersected mineralized veins and, in some cases, multiple veins. Drill hole KZ-21-01 was drilled for 165 meters at a dip of -45 and intersected a 1.3-meter-long intercept of quartz-sulfide vein followed by an approximately 87-meter-long interval of quartz-sericite alteration associated with quartz stringer veining.
All the remaining holes intersected varying degrees of quartz-sulfide veining, along with broad stringer zones with significant quartz-sericite alteration. The alteration and stringer veining intensities appear to increase with depth, which the Company plans to further investigate in 2022.
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Qualified Person
Dr.
About Damara
ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
“Larry Nagy”
For additional information visit Damara’s website atwww.damaragoldcorp.comor contact:
Chief Executive Officeror
Chief Financial Officer
Ph: (250-717-1840)
Disclaimer for Forward-Looking Information
This news release contains statements that constitute "forward-looking Information",as such term is used in applicable Canadian securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF DAMARA AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE DAMARA MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the
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Copyright (c) 2021 TheNewswire - All rights reserved., source