Damara Gold Completes 2021 Drill Program at Placer Mountain
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
NEWS RELEASE
Damara Gold Completes 2021 Drill Program at Placer Mountain
December 22, 2021 TSX-V: DMR
DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” or the “Company”) is pleased to announce
it has completed it’s 2021 drill program on its Placer Mountain Project south of Princeton, BC
(“Placer Mountain” or the “Property”). 1,061 meters were drilled from 10 holes at the Main
Zone and 709 meters were drilled in 8 holes at the new Kodiak Zone, for a total of 1,770
meters of drilling in 18 holes on the Property. Core cutting and sampling is ongoing, with one
shipment of core samples now in the lab. It is anticipated that all assay results will be received
by February.
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 Main Zone has intersected numerous veins across a 400 -meter strike length.
The system remains open in both directions along strike and there is potential for the
discovery of additional parallel veins to the north and south of the area tested by the 2021
drill holes.
Drilling at the Kodiak Zone tested 150 meters of strike length this year, within an overall 1.5-
kilometer-long soil anomaly which remains open under post-mineral cover to the east. Drilling
covered approximately 180 meters of the 520 -meter-wide anomaly. Due to severe weather
conditions at site which resulted in heavy mudslides, several targets within the Kodiak Zone
could not be drill tested this year, and remain to be tested in 2022, including the southern
half of the soil anomaly which contains s elect float sample assays ranging from 10.0 to 70.6
g/t gold.
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 pla ns to further investigate in
2022.
Larry Nagy, CEO, commented “We are pleased to have completed another safe and successful
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
drill program at Placer Mountain . We have expanded the mineralized footprint at the Main
Zone to 400 meters and intersected multiple parallel veins, with the potential for many more
as we continue stepping out the drilling in 2022. The Kodiak Zone has revealed broad zones
of alteration and quartz -sulfide veining and provided us with significant encouragement for
the pending assay results.”
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
Qualified Person
Dr. Gerald G. Carlson, PhD, PEng, technical advisor to the Company, is the Qualified Person
as defined by National Instrument 43-101 who has reviewed and approved the technical data
in this report.
About Damara
Damara Gold Corp. is a TSX Venture listed Canadian public company with a Board of Directors
seasoned in the mineral exploration industry with extensive and successful international
experience with a focus on identifying and acquiring prospective and under -explored gold
properties worldwide.
ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
“Larry Nagy”
Larry Nagy, Chief Executive Officer
For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
Damara Gold Corp.
Larry Nagy
Chief Executive Officer or
Terese Gieselman
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
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"projects," "potential" and similar expressions, or that events or condition s "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 pande mic; 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 d evelopments 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 Canada and generally; the ability of t he Company to
implement its business strategies; competition; the risk that any of the assumptions prove not to be
valid or reliable, which could result in delays, or cessation in planned work, risks associated with the
interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results
will not be consistent with the Company’s expectations, as well as other assumptions risks and
uncertainties applicable to mineral exploration and development activities and to the Company, including
as set forth in the Company’s public disclosure documents filed on the SEDAR website at
www.sedar.com.
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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
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REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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