Mr. Mark Sumner reports
DAURA GOLD ANNOUNCES HIGH-GRADE SURFACE SAMPLING RESULTS AT LA FLORA PROJECT IN ARGENTINA
Daura Gold Corp. has released high-grade surface sampling results from its La Flora gold-silver project, located in the prolific Deseado massif of the Santa Cruz province, Argentina.
The results confirm the presence of potentially significant gold and silver mineralization at surface, and further support La Flora's potential as a priority drill target within Daura's exploration projects in Argentina.
Highlights include:
- Surface samples returning up to 63.88 grams per tonne gold and 175.34 g/t silver;
- Mineralization within La Flora tenement features four veins within a 100-metre-wide vein array traced over 380 metres; part of the one-kilometre-long outcropping La Flora vein system;
- Gold mineralization is associated with arsenic, antimony and mercury, consistent with productive epithermal gold-silver systems in the Deseado massif;
- Drill permits submitted, with La Flora expected to be incorporated into the company's phase 2 drilling program planned for third quarter 2026.
Additional samples include:
- 6.17 g/t Au and 9.29 g/t Ag;
- 4.77 g/t Au and 7.87 g/t Ag;
- 4.72 g/t Au and 9.8 g/t Ag;
- 3.26 g/t Au and 41.69 g/t Ag.
"Surface sampling at La Flora has delivered some very high-grade results in the past, so we're encouraged to see more high-grade samples, including visible gold, as we track these veins and refine our drill targeting for this exciting target," said Mark Sumner, chief executive officer and chairman of Daura Gold. "The La Flora vein system can be traced over one km of strike extent, and, within our tenement, the vein array features four veins with an approximate width of 100 metres. With high grades and visible gold at surface, it represents a very prospective area for our phase 2 drill campaign."
The surface sampling at La Flora was designed to confirm the grade and continuity of gold-silver mineralization and support drill target definition for the phase 2 drilling program.
Advancing toward phase 2 drilling
Following the successful completion of the character surface sampling program at La Flora and encouraging results from the company's inaugural drill campaign at Cerro Bayo, Daura has submitted drill permit applications for La Flora. Subject to permitting timelines, the company anticipates incorporating La Flora targets into its phase 2 drill program scheduled to commence in third quarter 2026.
Satellite lineament mapping
Daura has completed preliminary lineament mapping of La Flora licence area and has identified numerous lineaments considered to be similar to the lineaments seen at La Flora vein system. These lineaments will be used as a first-pass ground truthing exercise in early spring, followed by screening using multidisciplinary exploration techniques, including, but not limited to, geochemical and geophysical tools. Daura has no record of such work being carried out previously, and the historical sampling results outside of La Flora vein system are sparse. The lineament mapping done to date suggests that there are many features similar to La Flora vein system throughout the tenement.
La Flora project
La Flora project is located in Santa Cruz province, Argentina, within the prolific Deseado massif, one of the world's premier Jurassic epithermal precious metal districts. The project comprises a large land package covering multiple mineral concessions and hosts numerous gold-silver-bearing structures distributed across a district-scale hydrothermal system.
Mineralization is associated with structurally controlled epithermal veins, silicified breccias and hydrothermal alteration zones developed within Jurassic volcanic and volcaniclastic rocks. Surface sampling has identified multiple gold and silver anomalies, with mineralized structures traced over significant strike lengths and remaining open for further exploration.
La Flora project benefits from excellent infrastructure and is located approximately 16 kilometres from the Cerro Bayo project, both hosting multiple epithermal vein targets prospective for high-grade gold and silver mineralization.
Daura has the option to earn an up-to-80-per-cent interest in La Flora and Cerro Bayo projects pursuant to its option agreement with Latin Metals Inc.
Deseado massif: a world-class gold-silver district
The projects are located within the Deseado massif, a globally recognized precious metal district that has produced more than 20 million ounces of gold and 600 million ounces of silver since 1990. The region hosts several major mines and deposits, including Newmont's Cerro Negro and Hochschild Mining's San Jose operations.
Technical information and quality control/quality assurance
Grab samples were collected by the company's geologists and the individual samples, bagged, sealed and placed into sealed dispatch bags under the direct supervision of the company's staff before being dispatched to Alex Stewart International Argentina SA, Perito Moreno, Santa Cruz, Argentina, an arm's-length laboratory, for preparation and analysis. The entire sample was dried and crushed to 75 per cent passing two millimetres, with splits pulverized to 95 per cent passing 106 microns.
Gold was analyzed by 30-gram charge fire assay, with an atomic adsorption finish, and overrange samples were subsequently determined by appropriate single element analyses in accordance with Alex Stewart's standard procedures.
The internal quality assurance and quality control program included the submission of 10-per-cent quality control materials, including field duplicates, blanks and certified reference material standards. Coarse rejects and pulps are retained in secure storage for future verification or testing as required. QA/QC results were reviewed by Geodex Consultants Ltd., a third party independent consultancy, and were found to be within acceptable limits before being uploaded into Datashed by Geomax Ltd., an independent arm's-length database manager. Readers are cautioned that grab samples are selective by nature and not necessarily indicative of similar mineralization on the project. There has been insufficient exploration to define a current mineral resource at La Flora, and the company cautions that there is a risk further exploration will not result in the delineation of a current mineral resource.
Qualified person
Stuart Mills, MSc, is the company's qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and has reviewed, verified and approved the scientific and technical information that forms the basis for portions of this news release. No limitations or failures to verify were identified. Mr. Mills is not independent of the company, as he is the company's vice-president of exploration.
About Daura Gold Corp.
Daura is a TSX Venture Exchange-listed exploration company focused on the discovery and development of high-impact gold and silver assets in South America.
In Peru, the company holds a 100-per-cent undivided interest in over 18,000 hectares of mineral concessions in the prolific Ancash region, including the 10,600-hectare Antonella-Libelulas project, which is the primary focus of continuing exploration activities.
In Argentina, Daura has entered into a binding letter agreement with Latin Metals to earn an 80-per-cent interest in the projects, located in the prolific Deseado massif. This region hosts numerous producing mines and advanced-stage projects, including Cerro Negro, San Jose and Cap Oeste. The projects benefit from established infrastructure, strong community support and active exploration programs, including drilling and induced polarization geophysical surveys. Daura completed its first drill program in second quarter 2026 and is expecting to commence phase 2 drilling in third quarter 2026, including La Flora targets.
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