Daura Gold Starts Geophysical Surveying and Drill Targeting at the Cerro Bayo Gold-Silver Project, Santa Cruz Province, Argentina
Daura Gold Advances Argentine Play with Geophysics; Share-Based Payment Signals Cash Conservation
The most recent news (December 22, 2025) announces the commencement of Induced Polarization (IP) geophysical surveys at the Cerro Bayo gold-silver project in Santa Cruz, Argentina. This is a follow-up to the binding option agreement signed in November 2025 with Latin Metals Inc. The company has identified five priority target areas and is preparing for a 1,500-meter Phase 1 drill program scheduled for Q1 2026. Additionally, the company satisfied an initial US$200,000 option payment by issuing 744,992 common shares at a deemed price of C$0.37 per share.
- Operational Progress: The news indicates that Daura Gold is moving quickly from acquisition to active exploration on the Cerro Bayo project. Geophysics is a standard precursor to drilling, necessary to refine targets.
- Capital Management: By electing to pay the US$200,000 option payment in shares rather than cash, the company is preserving its treasury for actual exploration work. The deemed price of $0.37 is significantly higher than the $0.25 financing price from October, minimizing dilution relative to the value received.
- Strategic Shift: While the company’s flagship remains Antonella in Peru, the immediate focus on Argentina suggests a tactical pivot toward drill-ready targets while permitting and community work continue in Peru.
- Expectations: The news is in line with the Nov 3, 2025, announcement where management stated their intent to advance high-grade targets. It confirms the "drill ready" status of Cerro Bayo.
Daura Gold Corp. is a Canadian junior explorer focused on gold and silver in Peru and Argentina. - Flagship Project: Antonella (Peru), an epithermal gold-silver system in the Ancash department. It features high-grade surface samples (22.6 g/t Au) and historical drilling (e.g., 17.5m @ 3.27 g/t Au). - Secondary Project: Cerro Bayo/La Flora (Argentina), where the company is earning up to 80%. This project is located in the Deseado Massif, a prolific district. - Additional Assets: Yanamina (Peru), which hosts a historical (non-compliant) resource of ~200k oz gold.