Mike Fagan,
Editor
May 21, 2026
Daura Gold Corp. (TSX-V: DGC) — currently trading around C$0.35 per share — has reported strong initial drill results from the first-ever drill campaign completed at its optioned Cerro Bayo gold-silver project in Argentina’s prolific Deseado Massif.
Daura can earn up to a 75% interest in Cerro Bayo through its exploration partnership with Latin Metals (TSX-V: LMS)(OTC: LMSQF), which owns the district-scale project.
The 1,850-meter Phase One program — completed by Daura — intersected multiple zones of gold and silver mineralization across several target areas, including 3.6 meters grading 6.08 grams per tonne (g/t) gold and 398.8 g/t silver, as well as intervals returning up to 739 g/t silver, confirming the presence of a large low-sulfidation epithermal system within one of the world’s premier precious metals districts.
Importantly, the drilling also encountered broad zones of silver mineralization beginning at surface in multiple holes — a feature often associated with large, fertile hydrothermal systems capable of hosting both higher-grade feeder structures and broader mineralized envelopes.
Mineralization was intersected across multiple targets during this first-pass campaign, suggesting the company may be vectoring into a district-scale system rather than a single isolated vein target.
Among the standout results were:
- Hole CBD26-005 returned 3.6 meters grading 6.08 g/t gold and 398.8 g/t silver from 86.4 meters depth, including 1.8 meters grading 739.5 g/t silver.
- Hole CBD26-012 returned 11.95 meters grading 2.0 g/t gold from near surface, including 1.95 meters grading 8.83 g/t gold.
The results represent an encouraging start for Daura at Cerro Bayo, particularly given the relatively modest size of the initial drill program and the fact that numerous targets across the broader property remain untested.
Daura Gold VP Exploration Stuart Mills commented:
“The Cerro Bayo and La Flora license areas form part of a very large hydrothermal field spanning more than 400 km² within the Deseado Massif, where multiple target areas identified by previous operators remained effectively untested by drilling. Phase One drilling successfully intersected broad zones of near-surface silver mineralization and higher-grade gold-silver intervals across multiple target areas, validating several key aspects of our geological model during Daura’s preliminary drill campaign.”
As noted, the Cerro Bayo project sits within the Deseado Massif of Santa Cruz Province, Argentina — a globally significant precious metals district that has produced more than 20 million ounces of gold and over 600 million ounces of silver and hosts multiple long-life mines including Cerro Negro, San José, and Cerro Vanguardia.
Latin Metals CEO Keith Henderson — who’s featured in our exclusive interview alongside Daura Gold CEO Mark Sumner — added:
“These initial drill results represent an important milestone for Cerro Bayo and validate the district-scale geological model developed by Latin Metals. What is particularly encouraging is that mineralization was intersected across multiple target areas during this first-pass program, including high-grade gold and silver intervals as well as broad zones of mineralization beginning at surface. The combination of high-grade structures and shallow mineralization significantly enhances the potential scale of the system and supports the view that Cerro Bayo may represent a large and fertile epithermal district within the Deseado Massif. Importantly for Latin Metals shareholders, this work is fully funded by our partner under the terms of the option agreement, allowing us to maintain exposure to discovery upside while minimizing shareholder dilution.”
Daura is now preparing for a larger Phase Two drill campaign at Cerro Bayo expected to begin next quarter.
Follow-up drilling will focus on step-outs and extensions around the most prospective zones identified during Phase One while also testing additional undrilled targets across the district-scale land package with Mills adding:
“Daura’s strategy has been to drill early while continuing to systematically refine and generate new targets across the district. Drilling successfully intersected low sulfidation epithermal veins and breccias associated with higher-grade gold and silver intervals across multiple target areas, confirming several key aspects of our geological model. Importantly, the scale and continuity of mineralization encountered suggest we are vectoring into a well-developed hydrothermal system with only our first phase of drilling. These drill results significantly enhance our confidence in the broader discovery potential at Cerro Bayo and we relish the opportunity to continue systematic, results-driven exploration.”
The upcoming program is also expected to include initial drilling at the nearby La Flora target, where previous surface sampling returned values up to 82 g/t gold and 1,239 g/t silver alongside visible gold at surface.
Antonella Gold-Silver Project, Peru
Beyond Cerro Bayo in Argentina, Daura continues advancing its broader gold-silver portfolio in Peru.
In Peru’s Ancash region, the company is progressing permitting and community agreements at the Antonella gold-silver project where recent reinterpretation and infill sampling of historic drilling returned strong near-surface gold-silver intercepts, including 22.4 meters grading 4.36 g/t gold and 23 g/t silver.
Notably, Antonella sits adjacent to Highlander Silver’s rapidly emerging Bonita discovery along the same regional structural corridor where Daura has continued expanding its district-scale land position in recent months.
With multiple drill campaigns advancing, a growing pipeline of high-priority targets, and gold and silver prices hovering around US$4,500 and US$75 per ounce respectively, Daura Gold is entering a catalyst-rich period across both Argentina and Peru.
As additional drilling ramps up at Cerro Bayo and permitting advances at Antonella, the company appears well-positioned to continue expanding its discovery footprint within two of South America’s most prospective precious metals regions.
Next, as promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Daura Gold CEO Mark Sumner and Latin Metals CEO Keith Henderson to discuss the strong initial drill results at Cerro Bayo, the growing district-scale potential emerging in the Deseado Massif, and Daura’s plans for Phase Two drilling later this year. Please enjoy!
Access our complimentary Daura Gold report here.
For additional information on Vancouver-based Daura Gold Corp., please contact the company’s IR department at 604-669-0660 or via email form or directly at investors@dauragold.com.
Visit the Daura Gold corporate website and sign up to receive updates from the company here. View the most recent Daura Gold Corporate Presentation here.
Visit the Latin Metals corporate website here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Daura Gold
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