Damara Continues to Intersect High-Grade Gold at Kodiak Zone with 1.35 meters at 46.51 g/t Gold and 32.2 g/t Silver, and 1.30 meters at 31.80 g/t gold and 47.3 g/t Silver. Land holdings have been doubled to 17,519 hectares
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
NEWS RELEASE
Damara Continues to Intersect High-Grade Gold at Kodiak Zone with 1.35 meters
at 46.51 g/t Gold and 32.2 g/t Silver, and 1.30 meters at 31.80 g/t gold and 47.3
g/t Silver. Land holdings have been doubled to 17,519 hectares
April 7, 2022 TSX-V: DMR
• KZ-21-01 intersected 1.30 meters at 31.80 g/t gold and 47.3 g/t silver
• KZ-21-02 intersected 1.35 meters at 46.51 g/t gold and 32.2 g/t silver
• KZ-21-05 intersected 3.00 meters at 39.20 g/t gold and 80.4 g/t silver
(previously released)
• Kodiak Zone is still open in all directions, within a largely untested 1.5 km
long and 600 meter wide high-grade soil anomaly open to the east
• To date only 200 meters of the 600 meter wide soil anomaly have been tested;
Excellent potential for additional parallel veins below select high -grade float
samples1
• 8,563 hectares of additional ground acquired along strike in both directions;
brings total consolidated land position in the Copper Mountain distr ict up to
17,519 hectares
• New colour anomalies identified, appear stronger than Kodiak zone gossan,
presenting strong geochemical targets for additional high-grade gold zones
The full PDF news release with high -resolution figures has been posted to the Company’s
website at the following link: https://www.damaragoldcorp.com/2022-news.html
DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” or the “Company”) 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 (“Placer Mountain ” or the “Property”). 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 the system remains open in
all directions. Only a small portion of the large gold in soil anomaly was drill tested in Phase
I (Figure 1). The south-eastern half of the surface geochemical anomaly where several high-
grade select grab samples1 up to 70.6 g/t gold were collected last summer, has not yet been
1 the reader is cautioned that rock grab samples and their respective photographs are selective by nature and may not represent the true grade or
style of mineralization across the Property
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
tested. The overall soil anomaly strikes for 1.5 kilometers east -west and trends under post -
mineral volcanic cover to the east.
Table 1 - Select Intercepts from Remaining 2021 Drill Holes
Hole ID From (m) To (m) Interval (m)2 Au (g/t) Ag (g/t)
KZ-21-01 22.10 23.40 1.3 31.80 47.3
AND 82.25 82.55 0.3 3.30 7.7
AND 91.70 93.00 1.3 3.21 8.9
KZ-21-02 39.55 40.90 1.35 46.51 32.2
AND 47.25 47.60 0.35 1.04 3.1
KZ-21-03 32.25 32.55 0.3 0.53 2.1
KZ-21-04 35.70 36.00 0.3 1.46 5.9
KZ-21-05* 27.00 30.00 3.0 39.2 80.4
KZ-21-06 21.00 22.05 1.05 0.96 8.4
KZ-21-07 64.65 64.95 0.3 1.11 2.3
KZ-21-08 45.40 45.80 0.4 17.40 77.5
AND 84.10 122.05 37.95 0.28 0.9
AND 139.35 150.25 10.9 0.23 0.8
MV-21-07 86.80 87.30 0.5 8.92 28.5
AND 106.90 107.40 0.5 1.81 17.9
MV-21-08 86.20 86.50 0.3 3.69 33.6
AND 88.00 89.30 1.3 1.36 4.5
MV-21-09 76.40 77.00 0.6 3.29 3.6
*KZ-21-05 previously released – See News Release dated March 24, 2022
CEO Comment
Larry Nagy, CEO, commented “ We are pleased to continue intersecting high -grade gold and
silver veining at the Kodiak Zone. The snow is melting rapidly and our crews are gearing up
for another productive season of exploration at Placer Mountain. Due to the successful drilling
results, we decided to expand our land position even further along strike in both directions,
and added several new targets identified from the analysis of satellite imagery. Field
evaluation of these targets will begin soon. Our modern systematic approach to expl oration
has been very successful at generating new targets which are returning very strong drill
results. It is exciting to be generating new orogenic gold discoveries so close to the producing
Copper Mountain Mine in Southern BC. We look forward to furthe r extending our currently
defined mineralization with drilling this summer as we work toward our ultimate goal of
2 The intervals reported in these tables represent drill intercepts and insufficient data are available at this time to state t he true
thickness of the mineralized intervals. All gold values are uncut.
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
defining a future mineral resource at Placer Mountain.”
Figure 1 – Plan Map of 2021 Drill Holes at Kodiak Zone
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
Figure 2 – Plan Map of 2021 Drill Holes at Kodiak Zone
Figure 3 – Cross-Section of Drill Holes KZ-21-01 and KZ-21-02
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
Further Land Consolidation
The Company is also pleased to announce it has staked 8,563 hectares of additional ground
along strike of the Placer Mountain gold system, bringing the total land position to 17,519
hectares (Figure 4). The ground was acquired via direct staking by the Company when it
became available on January 1 and April 1, 2022. Mapping by the Company last Summer, as
well as airborne geophysic al surveys have helped to refine the precise location of the
important intrusive -volcanic contact , and the trend of high -grade gold mineralization
intersected at the Main Zone and the Kodiak Zone.
The new clai ms adjoining the south end of the Property overlap a placer mining claim not
owned by the Company , which indicate a potential placer gold bearing stream and bedrock
source region to the south, within the Company’s new ground (Figure 5). This placer claim
and another within Placer Creek to the north overlap the Company’s bedrock mineral rights.
Figure 4 – New staking by the Company as of April 1, 2022, covering satellite
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
colour anomalies and overlapping competitor placer mining claims
Figure 5 – 1:25,000 map showing overlapping competitor placer mining claim and
possible source region of interest in new 2022 claims
Satellite images reveal an east-west trending series of gossanous colour anomalies, exposing
strongly iron oxide altered bedrock (Figures 6,7). The colour anomalies are similar but far
stronger in appearance to that utilized in the initial discovery of the Kodiak Zone (Figure 8).
According to the British Columbia MEMPR Assessment Report Database, the area has had no
previous exploration. An aggressive regional geochemical survey is planned to cover this large
and encouraging target area, which is composed of a series of colour anomalies lying along a
straight line trend spanning over 9 km within Damara’s ground. Examples of just two of the
new anomalies acquired by staking are shown in Figures 6 and 7.
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
Figure 6 – Satellite image of a strong iron oxide and altered bedrock colour
anomaly within the Company’s newly acquired land package
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
Figure 7 – Satellite image of a second iron oxide colour anomaly within the newly
acquired land package