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Daura Gold secures option to buy 80% of Argentina’s Cerro Bayo and La Flora gold-silver projects with $1.7M in payments and drilling.
Daura Gold Corp. has secured an option to acquire up to 80% interest in Argentina’s Cerro Bayo and La Flora gold-silver projects within the historically productive Deseado Massif.
The 38-month earn-in agreement requires $1.7 million in payments, $400,000 in assumed obligations, and 28,000 meters of drilling, starting with a 1,500-meter campaign by April 2026.
Early surface sampling at La Flora returned up to 82 g/t gold and 1,239 g/t silver.
The region has produced over 20 million ounces of gold and 600 million ounces of silver since 1990, with pre-permitted drill sites enabling a rapid exploration start.
The move expands Daura Gold’s portfolio beyond Peru and signals ambition to become a major player if drilling confirms high-grade resources.
Daura Gold obtiene la opción de comprar el 80% de los proyectos de oro y plata de Cerro Bayo y La Flora de Argentina con $1.7 millones en pagos y perforación.