Business
Daura Gold Corp. Continues Strategic Progress and Announces Shares for Debt Transaction and Engagement of Third Party Investor Relations Services
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Daura Gold Corp. (TSXV: DGC) ...
About this update from Daura Gold Corp.
[{"type":"text","content":"Daura Gold Corp. Continues Strategic Progress and Announces Shares for Debt Transaction and Engagement of Third Party Investor Relations ServicesVancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Daura Gold Corp. (TSXV: DGC) (formerly Daura Capital Corp.) (the \"Company\" or \"Daura\") is pleased to provide an operational update on the progress of its planned exploration efforts for its mineral properties located in the Ancash region of Peru. In addition, the Company announces that it has entered into a debt settlement agreement to settle outstanding indebtedness owed to an arms-length third party, and has engaged the services of third party investor relations providers. Operational UpdateDuring the challenging period of the Covid-19 shutdown, thanks to the unwavering support of our founding investors, the Company successfully maintained its key properties and kept open lines of communication with stakeholders within the communities. In this timeframe, Daura worked with Estrella to finalize payments on the flagship Antonella property, reinforcing the Company's commitment to consolidating its presence within the district. Completing this acquisition came at a pivotal moment, as the district has since garnered increased attention from both junior and major mining companies.Over the past few months, the team has been diligently engaged in updating the geological models and preparing for essential fieldwork in the coming months. Daura has prioritized establishing strong relationships with various stakeholders in the community, fostering dialogue with local companies within the district. Engaging with communities affected by the Company's projects is a crucial next step that will pave the way for exploration activities on Daura's properties. Daura has also engaged with the various other mining companies in the district who also plan on doing extensive work in the region. Please see figure 1 for land package and other major mining companies who are operating in the region. The Company's technical team is set to initiate a comprehensive mapping and sampling campaign across its extensive 8,100-hectare land package. The program will commence with targeted areas around the Antonella site to follow up on the previous 2,461 meter drill campaign which delivered high grade intercepts, including:CBD11007: 0.85m @ 8.73 g/t AuCB...