VANCOUVER – Exploration activities are now underway at a promising gold-silver project in Argentina, marking a significant step forward for the Canadian mining companies involved. Daura Gold Corp. has initiated a geophysical survey program at the Cerro Bayo project in Santa Cruz Province, Argentina, which is optioned from Latin Metals Inc.
Geophysical Work Precedes Planned Drilling
The current work involves induced polarization (IP) surveying across priority structural corridors identified on the property. This geophysical technique is designed to map subsurface resistivity and chargeability, helping to refine the geometry of silicified and resistive zones that are indicative of potential mineralized systems.
This survey is a key part of Daura's initial commitments under its option agreement, which allows it to earn up to an 80% interest in the Cerro Bayo project. The data gathered will be used to fine-tune nine high-priority, fully permitted drill target areas. These targets were previously defined through a combination of geochemistry, geological mapping, earlier IP work, and over 100 line-kilometres of magnetic surveying.
Preparation for a subsequent drilling campaign is already in motion. Daura is planning an initial 1,500-meter drill program, scheduled to begin in early 2026.
A High-Grade Target in a Prolific Region
The Cerro Bayo project holds a strategic position within Argentina's Deseado Massif, a world-class geological province renowned for its precious metal deposits. The region has been the site of major discoveries since 1990, yielding over 600 million ounces of silver and 20 million ounces of gold. It hosts several operating mines, including Newmont's Cerro Negro mine and Hochschild's San Jose mine.
The project itself is situated within a 6-kilometre-wide structural basin containing multiple targets for low-sulfidation epithermal veins—a type of geological system known for hosting high-grade gold and silver. The features identified at Cerro Bayo are consistent with the preserved upper levels of such a system.
A significant advantage for the project timeline is its permit status. The Environmental Impact Assessment (EIA) for exploration was approved in March 2025, authorizing 21 drill platforms and clearing the path for rapid advancement once targets are finalized.
Partnership Drives Progress
Keith Henderson, President and CEO of Latin Metals, highlighted the progress. "Our partnership with Daura Gold continues to advance Cerro Bayo," Henderson stated. "Geophysical surveying marks the next step toward early-2026 drilling and reinforces the strength of our prospect generator strategy. We are pleased to see rapid progress toward testing these high-grade epithermal targets while preserving shareholder value."
The collaboration exemplifies a common model in junior mining, where one company (Latin Metals) acquires and permits early-stage projects, and then partners with another (Daura Gold) to fund and execute more capital-intensive exploration work.
The announcement also noted that Daura has exercised options and warrants totaling $1.79 million, providing further capital for the exploration program. Investors are reminded that mineral deposits on adjacent properties are not indicative of what may be found on the Cerro Bayo property itself.
