Categories: Precious Metals
Topics: Gold Stocks

Daura Gold (TSX-V: DGC) CEO Mark Sumner on Identifying Wide Intercepts of High-Grade Gold in Historic Drill Core at Antonella, Plus Drilling Progress at Cerro Bayo

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO of Daura Gold (TSX-V: DGC) — Mr. Mark Sumner. 

Mark, we had you on a week or so ago, and the stock was trading somewhere near the C$0.25 - C$0.26 level, and we said it was a bargain then. And here we are today trading at the C$0.36 - C$0.37 level, and I’m here to tell everybody the stock is a bargain yet again.

You just had some news that I’m not sure the market has fully digested. Let me read the headline.

Daura Gold reports high-grade results from Antonella infill sampling of historic drill core, upgrading significant intercepts, including 22.4 meters at 4.36 grams per tonne gold and 23 grams per tonne silver.

And this part’s important — from 36.8 meters. We talked a bit off-air. I follow the story closely, obviously. I think the market cap relative to what it looks like you have is dirt cheap, especially in this precious metals market. 

I would love for you to provide the context on what you’ve now processed in regard to this data because it seems pretty compelling to have 22.4 meters of 4.36 g/t Au from 36.8 meters.

Mark Sumner: Yes, and I really appreciate you having me back on. It has only been about a week, and we’ve had a lot happen in the meantime.

The news we put out yesterday reflects a comprehensive and systematic re-logging and sampling of the Antonella drill core. Prior to Daura, the project was sitting in a private, locally owned business and was drilled in 2011. They drilled 12 holes back then in a completely different environment run by a private company with limited resources.

When they sampled their core, they did it visually and selectively. What we found is that it was highly selective because they didn’t sample roughly two-thirds of the core. Obviously, we don’t know exactly what they were looking at or looking for but we suspect they were primarily targeting visible quartz mineralization associated with gold grades.

But they left huge sections of core unsampled. Some holes were almost entirely unsampled. So while the results we had before showed good grades and intercepts, we’ve now filled in the picture. 

Hole CBD11004B that you mentioned is a perfect example. It’s now sitting at 22.4 meters at 4.36 g/t Au from 36.8 meters. Previously, that hole was reported as 17.5 meters at 3.27 g/t Au from 40 meters.

So there were nearly four meters above the interval that were never cut and sampled, along with unsampled core within the intercept itself. It’s kind of an unusual circumstance but we’ve now cut and sampled all of that core.

We completed 513 samples to pull the picture together, and we’ve revealed wide, high-grade intercepts. In 9 out of 12 holes, we identified vein intercepts that were previously completely unsampled and untested.

It’s really filling out our dataset. In my view, that headline number changes the profile of the Antonella project completely.

Gerardo Del Real: Absolutely.

Mark Sumner: Highlander Silver, next door at Bonita, has been putting out incredible results. Namely, Hole-8 from their July release reported 23 meters at 4.92 g/t Au and 16 g/t Ag from very near surface.

We’re seeing very similar-style intercepts within the same structural corridor. There’s still a lot of work to do but all signs point to this being the foundation for something quite significant.

Gerardo Del Real: Your VP of Exploration, Stewart Mills, speaks about the high value of pathfinder geochemical vectors, and that sounds like it’s going to be really important. And you highlighted that in the release for targeting high-grade extensions, right?

Mark Sumner: Yes, not only were the holes selectively sampled but the assays were relatively incomplete as well. Going through and re-assaying previous samples, along with analyzing the new samples, has really brought the system into focus for Stewart.

The data gaps were significant. Now, in addition to these high-grade precious metals intercepts, we’re also seeing a meaningful amount of base metal mineralization. We’ve identified strong copper, lead, and zinc grades throughout the system.

The overall mineralization pattern is not totally clear but it’s coming into focus. Most importantly, this gives us a much stronger foundation for drill targeting as we work through the permitting process this year and look toward drilling in Q3 2026. This dataset is incredibly valuable for that program.

Gerardo Del Real: You’re drilling as we speak at a project I’m really excited about — the Cerro Bayo project. How is that coming along?

Mark Sumner: It’s great. The team is drilling. I think we’ve completed at least one hole so far and are waiting on updates for the second hole. We’re drilling about 50 meters a day, so we expect results between early and mid April. Cerro Bayo is coming along nicely.

Gerardo Del Real: That comes quickly. Excited to see what this year brings. Again, buy low, sell high. This is the low part, everyone. Mark, anything to add?

Mark Sumner: Just how incredibly excited I am about the Antonella results. You don’t see a lot of 22.4-meter intervals at nearly 4.5 g/t gold. We think that’s a standout intercept, and, frankly, we can’t move quickly enough to keep advancing the project.

Gerardo Del Real: Excellent stuff. Mark, thank you for your time. Appreciate it as always. Chat again soon.

Mark Sumner: Thank you, Gerardo.

Gerardo Del Real: Alright, cheers.

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