News Release
Daura Capital Corp. Provides Update on Proposed Qualifying Transaction

July 23, 2024

Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Daura Capital Corp. (TSXV: DUR.P) (the "Company" or "Daura"), a capital pool company under the policies of the TSX Venture Exchange (the "TSXV"), is pleased to provide an update on the status of its proposed qualifying transaction (the "Qualifying Transaction") to acquire Estrella Gold S.A.C. ("Estrella").


As previously announced, Daura has entered into a definitive agreement to acquire all of the outstanding shares of Estrella from its shareholders (the "Estrella Shareholders") in consideration for 7,000,000 common shares of Daura. In addition, Daura has made its initial filings with the TSXV to seek conditional acceptance of the proposed Qualifying Transaction. Daura is continuing to work diligently towards the completion of the proposed Qualifying Transaction under the policies of the TSXV.


About Estrella Gold S.A.C. and the Cochabamba Project


Estrella is a closely held corporation (S.A.C.) formed under the laws of Peru, engaged in the acquisition and exploration of mineral resource properties. Estrella was formed in August 2018 for the purpose of engaging in the business of acquiring, exploring and developing mineral resource properties. Estrella's principal focus to date has been on the acquisition of the mining concessions and applications making up the Cochabamba Project.


The Cochabamba Project consists of 10 mining concessions covering an effective area of 7,223.87 Ha, located on the western flank of the Cordillera Negra, in north central Peru. Included in the Cochabamba Project mining concessions that Estrella owns is the Antonella Daniela I Concession. The Antonella Daniela I Concession covers an area of 900Ha and is currently the main area of interest on the Cochabamba Project. The mineralized veins of the old Esperanza mine form the current main area of interest and were the focus of the bulk of previous exploration activity. The mine is centered at 187,000mE 8,956,000mN and at an altitude of 3700 meters above sea level, and lies entirely within the Antonella Daniela I Concession. Politically the project is located within the Rural Community/Districts Cochabamba, Cacchan, Ecash and Colcabamba, in the Province of Huaraz, Department of Ancash. The Cochabamba Project is an exploration stage project prospective for gold, silver, copper, lead and zinc.


To read the rest of this news release please visit: https://www.newsfilecorp.com/release/217533/Daura-Capital-Corp.-Provides-Update-on-Proposed-Qualifying-Transaction

share this

Other Recent Daura Gold News Releases.

August 5, 2025
August 5, 2025 – Vancouver, British Columbia – Daura Gold Corp. (formerly Daura Capital Corp.) (TSXV:DGC) (the “Company” or “Daura” ), through its subsidiary Estrella Gold S.A.C. in Peru is pleased to announce that it has obtained permits to proceed with its planned exploration program at its flagship Antonella, located in the Ancash Department, bordering the San Luis gold project. The Company will proceed with an extensive geological mapping, rock sampling and geophysical survey within the Antonella concession areas, aimed at assessing and enhancing the understanding of the mineralization and economic potential within these key exploration sites. Antonella Exploration Program Daura’s flagship property spans 900 hectares, hosting the Antonella Target. Historical information from past exploration, including sampling and diamond drilling, has confirmed the continuity of gold and silver veins. Additionally, base metals such as copper, lead, and zinc have been identified at depth, highlighting the area's multi-metal potential. The Antonella Project is situated approximately 5.5 kilometers southwest of the San Luis Project and displays gold-silver vein-type mineralization, accompanied by base metals such as copper and zinc. Diamond drilling has confirmed the continuity of mineralization at depth. Located 2.2 kilometers southeast of Antonella, the Bonita Project also hosts gold-silver vein mineralization, which is interpreted to be a possible southeastern extension of the Antonella vein system. The Antonella and Bonita projects are structurally controlled by NW-SE-trending faults that correspond to first-order structures of the Andean orogenic belt. These major fault systems have acted as primary conduits for hydrothermal fluid flow. Subsequent extensional deformation, related to differential stress regimes within the Andean system, has generated a network of second-order strike-slip faults with predominantly E-W and NE-SW orientations. These secondary structures likely acted as dilation zones, enhancing permeability and facilitating mineral deposition. The Antonella and Bonita vein systems exhibit a consistent Andean structural orientation (NW-SE) and are interpreted as segments of a single, laterally continuous epithermal system. Structural and lithological continuity, as well as comparable mineralogical and geochemical characteristics, support this interpretation. Historical surface exploration in the Antonella area has included mapping and the collection of 397 rock chip and channel samples along exposed ridge crests. Geochemical assays returned anomalous to high grades, with peak concentrations up to 155 g/t Au and 714 g/t Ag, indicating a robust epithermal signature.
July 29, 2025
July 29, 2025 – Vancouver, British Columbia – Daura Gold Corp. (TSXV: DGC) (the “Company” or “Daura” ) is pleased to announce that, further to its news release dated June 2, 2025, it has completed the acquisition Yanamina gold-silver project (the “ Yanamina Project ”) from EVR Resources Limited (“ EVR ”). The Yanamina Project is located in the Ancash Department of central Peru, 40km north of the Daura’s Antonella and Highlander Silver’s bonanza grade San Luis gold-silver project. Highlights The Yanamina Project has a historic mineral resource of 83,100 (oz) of gold (Au) at 1.65 g/t Au indicated and 123,700 oz of Au at 1.19 g/t Au inferred. The Company plans to undertake work to verify and update the historical estimate as a priority. (See “Yanamina Historical Mineral Resource” below for further details.) Exploration upside and multiple drill targets on the property given limited and focused historical drilling. Open extensions to resources at depth and lateral extensions and significant faulted extension target at depth. Previous drilling identified a high-grade core zone locally grading at 5 g/t Au over 5 meters within a mineralized envelope averaging 2.5 g/t Au over intervals from 20-30 meters. Daura has the opportunity to update the Yanamina historical resource estimate and bring a current resource estimate into Daura’s resource profile. Yanamina compliments Daura’s project portfolio in the Ancash Department, which is well-known for mining in Peru with major historical production from Barrick’s Pierina gold mine, approximately 40km north of the bonanza grade San Luis Gold Project owned by Highlander Silver. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and the Company is not treating the historical estimate as a current mineral resource. Luis Saenz, Daura CEO commented: “Closing the acquisition of the Yanamina Gold-Silver Project is a significant step for Daura Gold as we advance our strategy of building a high-quality portfolio in Peru’s most prolific mining districts. Yanamina not only adds an established historical resource to our asset base but also offers near-term exploration potential with multiple open targets. Its proximity to major past-producing and active mines like Pierina and Antamina underscores the strategic value of this acquisition. With this addition, we are well-positioned to continue our growth and unlock further value for our shareholders.” Figure 1. Below represents Daura’s land package
July 16, 2025
July 16, 2025 – Vancouver, British Columbia – Daura Gold Corp. (TSXV: DGC) (the “Company” or “Daura” ) is pleased to announce that it has reached an agreement to acquire five strategic mineral concessions totaling approximately 2,900 hectares (the “Project” ) in the Ancash Department of Peru. The Project surrounds the southern half of the Company’s Antonella Project and bordering Highlander Silver’s San Luis project to the south. The Project shares multiple borders to the south and east of the Bonita target where Highlander is currently drilling. The acquisition will further consolidate Daura’s land position in one of Peru’s most prospective gold and silver districts. The concessions, highlighted in red with black frame, lie within the highly prospective Pucajirca volcanic center, a region known for hosting the San Luis, Antonella, and Bonita vein systems. These vein systems are part of the Calipuy Group, which is geologically characterized by andesitic lava flows and pyroclastic ash deposits rich in lithic fragments. While these volcanic units remain largely unaltered across most of the district, they display intense argillic alteration and pervasive silicification near mineralized veins—key indicators for precious metals mineralization. Inside these concessions, zones shown as 1, 2 and 3, are among the immediate development targets to explore. Luis Saenz, Daura CEO commented: “This acquisition marks a further step in Daura’s strategy to consolidate and control one of the most geologically compelling gold-silver districts in Peru. The proximity of these new claims to both the Antonella and Bonita vein systems, along with strong structural and geological continuity, provides an exciting opportunity to extend known mineralization and make new discoveries. We believe these concessions significantly enhance the scale and upside potential of our exploration portfolio.” Daura will assume all concession fees due and payable to Ministry of Mines associated with the Project. The Project will be transferred for the price of US$1.00 (one and 00/100 dollars of the United States of America) per mining concession and a 1% NSR royalty in favor of the vendor. Prior to the commencement of mine construction on the Project, Daura may buy back 50% of the royalty for US$250,000. Completion of the acquisition of the Project remains subject to the negotiation of definitive documentation and the satisfaction of customary closing deliverables. Geological and structural analysis indicates that the vein systems across the Antonella and Bonita projects are controlled by NW-SE trending faults associated with the broader Andean fault system and are complemented by secondary E-W and NE-SW oriented faults. Importantly, the newly acquired claims by DGC fall directly within this structural corridor. Early fieldwork and mapping have identified vein outcrops in Zone 1, with evidence of vein continuity extending southwest into Zone 2—suggesting the potential for a continuous, mineralized vein system connecting the Antonella and Bonita zones. These features underscore the high prospectivity of Zones 1, 2, and 3 for hosting additional gold and silver-bearing veins. Historical drilling on both the Antonella and Bonita projects has confirmed the presence of gold-silver mineralization at depth, with the most robust vein structures and highest grades found toward the southwest—directly aligned with the location of Daura’s new claims. This trend strongly supports the interpretation that these newly acquired concessions could host a direct continuation of the Au-Ag mineralized system, significantly enhancing Daura’s discovery potential in the region.
ALL NEWS RELEASES

Stay Updated With Daura Gold.

Sign up for our newsletter to receive news releases and exclusive company updates.