Damara Gold Completes Phase II Soil Sampling and Commences Trenching on 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 Phase II Soil Sampling and Commences Trenching on
Placer Mountain.
October 15, 2021 TSX-V: DMR
DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” or the “Company”) is pleased to announce
it has completed a Phase II soil sampling program and commenced mechanized trenching on
its Placer Mountain Project (“Placer Mountain ” or the “Property”) located south of
Princeton, British Columbia.
The Phase II exploration program consisted of the collection of 660 soil samples on a 25m x
25m grid and was directed at infilling and extending a large new gold-in-soil anomaly located
2.5 kilometers northeast of the Main Vein. During the program, soil samplers identified
abundant sulfide-mineralized and oxidized quartz -limonite vein float and granodiorite float
within the new anomaly, along a short logging road that cuts a portion of the anomaly. The
area is underlain by a granodiorite intrusion, which is a different geology to the volcanics
which host the Main Vein. The soils along the short logging road are a gossanous bright orange
colour which suggests the presence of oxidized sulfides. The trenching is focused along this
stretch of road, with the aim of uncovering the source of the quartz -sulfide-limonite float
boulders and a possible orientation of any underlying veins. Photographs of the rock samples
collected within the new anomaly, as well as a separate multi -element anomaly to the
northwest which is underlain by pyritic black shales can be found at the following link:
https://www.damaragoldcorp.com/2021_exploration_program_gallery.html
2021 Drill Program Planning
The aim of the trenching program will be to help locate several planned drill holes to test the
new gold-in-soil anomaly. T he upcoming drill program, which is expected to commence in
November, will test at least 4 separate target areas, including extensions of the Main Vein in
both directions, the parallel SGH gold anomaly, and the new soil anomaly discussed above.
Larry Nagy, CEO, commented “We are very pleased with the progress the Company has made
on Placer Mountain this season and are looking forward to our upcoming drill program. In
addition to testing the Main Vein along strike in both directions, this summer’s field work has
generated two additional high -quality targets, both of which we are very excited to test as
well. The Property’s location allows for late season drilling with results throughout the winter
months, which will allow an early start to drilling the following field season.”
Qualified Person
Dr. Gerald G. Carlson, PhD, PEng, technical advisor to the Company, is the Qual ified Person
as defined by National Instrument 43-101 who has reviewed and approved the technical data
in this report.
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
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:
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 C ompany’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
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"projects," "potential" and similar expressions, or that events or conditions "wi ll," "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 achie vements 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 regulat ory 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 Canada and generally; the ability of the 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
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-3151 • Fax: (250) 717-1845 • www.damaragoldcorp.com
as set forth in the Company’s public disclosure documents filed on the SEDAR website at
www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS
THE EXPECTATIONS O F 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.
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