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Damara Gold Discovers New Zone, Completes Trenching and Commences Core Drilling on Placer Mountain
(TheNewswire) November 19 , 2021 – TheNewswire - DAMARA GO...
About this update from Bronco Resources Corp.
[{"type":"text","content":"Damara Gold Discovers New Zone, Completes Trenching and Commences Core Drilling on Placer Mountain\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n November 19\n \n \n , 2021 –\n \n \n TheNewswire -\n \n \n DAMARA GOLD\nCORP. (TSXV:DMR)\n \n \n (OTC:SLMZF)\n \n \n (\n \n \n “\n \n \n Damara\n \n \n ”\n \n \n or the\n \n \n “\n \n \n Company\n \n \n ”\n \n \n )\n \n \n is pleased\nto announce it has discovered a new zone of mineralized quartz veins,\n \n \n completed mechanized trenching and commenced\ncore drilling on its Placer Mountain Project south of Princeton, BC\n(“\n \n \n Placer\nMountain\n \n \n ” or the “\n \n \n Property\n \n \n ”).\n \n \n \n \n Trenching Completed at the New Kodiak\nZone Discovery\n \n \n \n \n The Company has now completed a mechanized trenching\nprogram consisting of the collection of 110 continuous chip samples\nfrom a combined total of 322 meters in 4 separate trenches across the\nnewly discovered Kodiak Vein Zone\n \n \n . Mineralized\nquartz veins were intersected on the western end of Trenches 1, 2 and\nthe eastern end of Trench 3. Bedrock exposure in Trench 4 was limited\nto one short section due to deep overburden and did not adequately\ntest the strike extension of the vein system. The series of veins\nintersected are closely spaced, typically 10-50 cm in width and\nspatially associated with narrow felsic dykes within granitic\nintrusive rocks. The veins display stronger sulfide mineralization and\nwider alteration halo’s than is observed at the Main Zone. Assays\nremain pending for all trench samples.\n \n \n \n \n Grab Samples Confirm Presence of\nGold-Silver Mineralization\n \n \n \n \n Rush assays from 10 selected float grab samples\ncollected by soil samplers at the new Kodiak Zone ranged from below\ndetection up to\n \n \n 70.6 g/t gold\nand 244 g/t silver\n \n \n . The grab samples were\ncollected from two separate areas. One area is 750 meters southwest\nalong trend of the Kodiak Zone veins and the other is 200 meters\nsouth-southeast, on a possible separate trend. Neither area has yet\nhad follow up trenching. The Company awaits analytical results for\nboth the trench samples as well as 660 infill and extension soil\nsamples collected during the Phase II program. The results will be\nused to design a follow up pr...