Daura Gold Advances Option to Phase Two Drilling at Cerro Bayo and La Flora
Rhea-AI Summary
Daura Gold (OTCQB: DGCOF) advanced its option to Phase Two drilling at the Cerro Bayo and La Flora gold-silver projects in the Deseado Massif, Argentina. Cerro Bayo Phase One completed 18 holes (~1,850 metres); assays are pending and expected in the coming weeks. La Flora permit applications submitted; initial drilling targeted for Q3/Q4 2026. Phase Two will follow step-outs from Phase One and test newly generated targets as part of a sustained generative exploration program under the option agreement with Latin Metals.
Positive
- Completed Phase One drilling at Cerro Bayo: 18 holes, ~1,850 metres
- Advanced option to Phase Two drilling at Cerro Bayo and La Flora
- Submitted drill permits at La Flora, enabling Q3/Q4 2026 initial drill test
- Option agreement in place with Latin Metals to progress both projects
Negative
- Assay results from Cerro Bayo Phase One are still pending, creating near-term uncertainty
- Qualified Person Stuart Mills is not independent (company VP of Exploration)
News Market Reaction – DGCOF
In the May 7 session, DGCOF declined 1.63%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Daura Gold progresses two high-grade gold-silver projects in the Deseado Massif as initial drilling strengthens confidence
- Initial Cerro Bayo drill program completed; assays pending
- La Flora permits submitted and drill testing planned in the second phase in Q3/Q4 2026
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Daura Gold Corp. (TSXV: DGC) (OTCQB: DGCOF) (the "Company" or "Daura") is pleased to announce that it has advanced its previously announced option (see news release dated November 3, 2025) to Phase Two drilling at the Cerro Bayo gold-silver project ("Cerro Bayo") and La Flora gold-silver project ("La Flora" and together with Cerro Bayo, the "Projects") in Santa Cruz Province, Argentina, pursuant to its option agreement with Latin Metals Inc. ((TSXV: LMS) (OTCQB: LMSQF) ("Latin Metals")).
Phase Two marks an important step in Daura's exploration strategy within the prolific Deseado Massif and reflects the Company's growing confidence in the geological potential emerging from its partnership with Latin Metals.
This milestone follows completion of Daura's inaugural drill program at Cerro Bayo, while the Company's initial drilling at La Flora is targeted for Q3/Q4 2026.
"Undertaking Phase Two at Cerro Bayo and La Flora reflects our growing conviction in the potential of these Projects and the encouraging progress we continue to see in the field," said Mark Sumner, Chairman and CEO of Daura Gold. "While we await final assay results from our Phase One drill program at Cerro Bayo, the work completed to date has strengthened our confidence in the system and the broader opportunity emerging across the district. Advancing La Flora alongside Cerro Bayo provides Daura with another compelling opportunity to test a high-grade vein system with visible gold identified at surface."
Cerro Bayo
Phase One of drilling at Cerro Bayo, totaled 18 holes across 10 priority targets for approximately 1,850 metres including three additional step-back holes at the Ingrid, Elena and Eugenia target areas (See Figure 1). The Company is currently awaiting assay results, which are expected in the coming weeks.
La Flora
At La Flora, drill permit applications have been submitted, and the Company remains on track for a Q3/Q4 2026 initial drill test, expected to coincide with Phase Two drilling at Cerro Bayo.
Phase Two Exploration
Phase Two drilling envisages step-out drilling from Phase 1 target tests and preliminary drill testing of recently generated targets that have been developed as part of the ongoing, systematic generative exploration program. The parallel advancement of both target generation, initial drilling and follow-up drilling is designed to create a sustained exploration pipeline with multiple opportunities for discovery across Daura's growing Argentine portfolio.
Figure 1: Historical Rock Chip Sample Map of the Cerro Bayo and La Flora projects in Santa Cruz, Argentina.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6523/296360_04c8cd90847fe9d3_001full.jpg
Figure 2. Map of the La Flora Project showing the Historical Rock Chip results for the highest-grade Au and Ag.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6523/296360_04c8cd90847fe9d3_002full.jpg
See the details of Daura's option agreement on Cerro Bayo and La Flora in the Company's news release dated November 3, 2025 (Cerro Bayo News Release).
Qualified Person
Stuart Mills, QP is the Company's qualified person as defined by NI 43-101 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 Gold Corp. 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
In Argentina, Daura has entered into a binding letter agreement with Latin Metals to earn up to an
ON BEHALF OF THE BOARD
Mark Sumner
President & CEO
For further information please contact:
Kaitlin Taylor, Investor Relations
investors@dauragold.com
William T.P. Tsang, CFO and Secretary
(604) 669-0660
btsang@seabordservices.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
Information set forth in this news release contains forward-looking statements, including, without limitation, the anticipated timing for the Company’s initial drilling at La Flora, the anticipated timing for the assay results from the Company’s drilling program at Cerro Bayo, the anticipated timing for the Phase Two drilling program at Cerro Bayo and the benefits of the parallel advancement of both target generation, initial drilling and follow-up drilling, being the creation of a sustained exploration pipeline with multiple opportunities for discovery across Daura’s growing Argentine portfolio. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Daura cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Daura's control. Such factors include, among other things: risks that the Company may not be able to initiate its drilling at La Flora as anticipated, or at all; risks that the Company may not obtain the assay results for the drilling program at Cerro Bayo as anticipated, or at all; risks that the Company may not be able to initiate its Phase Two drilling program at Cerro Bayo as anticipated, or at all; risks that the Company may not be able to realize the benefit of creating a sustained exploration pipeline with multiple opportunities for discovery across Daura’s growing Argentine portfolio from the Company’s parallel advancement of both target generation, initial drilling and follow-up drilling as anticipated, or at all; future prices and the supply of gold and other precious and other metals; future demand for gold and other valuable metals; inability to raise the money necessary to incur the expenditures required to retain and advance the property; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; risks of the mineral exploration industry; delays in obtaining governmental approvals; adverse weather conditions and failure to obtain necessary regulatory or shareholder approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Daura disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296360