16:55:06 EDT Thu 03 Apr 2025
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Daura Gold Corp
Symbol DGC
Shares Issued 41,601,466
Close 2025-04-02 C$ 0.18
Market Cap C$ 7,488,264
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Daura Gold signs community agreement with Pampas Grande

2025-04-02 17:50 ET - News Release

Mr. Luis Saenz reports

DAURA GOLD SIGNS COMMUNITY AGREEMENT AND INITIATES EXPLORATION PROGRAM

Daura Gold Corp. has signed an agreement with the District Municipality of Pampas Grande, located in the Ancash department, 28 kilometres south of the company's flagship Antonella project as well as the San Luis gold project. The company is also pleased to announce the commencement of extensive geological mapping and rock sampling activities in the Pampas 1 and 2 areas, aimed at assessing and enhancing the understanding of the mineralization and economic potential within these key exploration sites.

Pampas 1 and 2 exploration program

Daura's Pampas 1 and 2 project consists of 1,200 hectares of prospective land characterized by pyroclastic ash flow deposits and andesitic lava flows from the Calipuy group (Cenozoic volcanic). Recognizing the potential for valuable mineral deposits, Daura is undertaking geological mapping at a scale of 1:10,000 to delineate the area's geology and evaluate its economic prospects. Rock sampling utilizing the rock-chip technique will be conducted in targeted areas of interest, with subsequent analysis performed using inductively coupled plasma (ICP) methods to ensure low detection limits. This mapping and sampling program will provide crucial insights into the economic potential of the Pampas 1 and 2 concessions.

The area is in a highly prospective zone where several national and international mining companies have interest, including Barrick and JX Nippon Mining & Metals. Pampas 1 and 2 are within a six-kilometre radius of Barrick's mining claims and there is a history of artisanal mining in the region.

Luis Saenz, chief executive officer of Daura, stated: "Today marks a significant milestone for our company as we have officially signed a community agreement that reflects our commitment to responsible exploration and collaboration. This partnership not only strengthens our ties with the community but also ensures that we engage transparently and respectfully with those affected by our activities. Daura remains committed to advancing its exploration initiatives and maximizes the potential of its mineral assets. These mapping and sampling endeavours at Pampas 1 and 2 are pivotal steps in the company's strategy to enhance its resource base and deliver value to stakeholders. We have a large land package in an established region with many mid-tier and large-cap mining companies, including Barrick, Vale and Highlander Silver, who are all currently active in the area. As we start our mapping and sampling programs, we look forward to working closely with our neighbours."

Qualified person

All scientific and technical information contained in this news release has been reviewed, verified and approved by Dr. Owen D.W. Miller, PhD, FAusIMM (CP), a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Miller acts as an independent third party consultant of the company.

About Daura Gold Corp.

Listed on the TSX Venture Exchange, Daura Gold is advancing high-impact exploration projects in Peru's renowned Ancash region. Daura Gold owns a 100-per-cent undivided interest in over 8,100 hectares of exploration concessions in Ancash, including the 900-hectare Antonella target, which is the primary focus of Daura Gold's current exploration efforts.

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