Damara Gold Corp. announced more high-grade assays from its orogenic-style Kodiak Zone discovery on the company's Placer Mountain project in Southern BC. The mineralization is characterized by quartz-sulphide veining with clay-sericite alteration halos, hosted within intrusive rock near to the contact with Nicola Group volcanic and sedimentary rocks.

Quartz-sulphide veining was intersected in all holes, and the system remains open in all directions. Only a small portion of the large gold in soil anomaly was drill tested in Phase I. The south-eastern half of the surface geochemical anomaly where several high- grade select grab samples1 up to 70.6 g/t gold were collected last summer, has not yet been tested. The overall soil anomaly strikes for 1.5 kilometers east-west and trends under post-mineral volcanic cover to the east.

KZ-21-01 intersected 1.30 meters at 31.80 g/t gold and 47.3 g/t silver. KZ-21-02 intersected 1.35 meters at 46.51 g/t gold and 32.2 g/t silver. KZ-21-05 intersected 3.00 meters at 39.20 g/t gold and 80.4 g/t silver.

Kodiak Zone is still open in all directions, within a largely untested 1.5 km long and 600 meter wide high-grade soil anomaly open to the east. To date only 200 meters of the 600 meter wide soil anomaly have been tested; Excellent potential for additional parallel veins below select high-grade float samples. 8,563 hectares of additional ground acquired along strike in both directions; brings total consolidated land position in the copper mountain district up to 17,519 hectares.

New colour anomalies identified, appear stronger than Kodiak zone gossan, presenting strong geochemical targets for additional high-grade gold zones.