VANCOUVER – Desert Gold Ventures Inc. [DAU-TSXV; DAUGF-OTC; QXR2-FSE] reported initial, pit-constrained measured and indicated mineral resources at the SMSZ project of 8.47 million tonnes grading 1.14 g/t gold totalling 310,300 ounces of gold and inferred mineral resources of 20.7 million tonnes grading 1.16 g/t gold totalling 769,200 ounces of gold.
Desert Gold’s initial mineral resource comprised pit constrained gold mineralization from five deposit areas all lying within a 12 km radius of each other. A summary of the initial resources is presented below.
Desert Gold has completed its recently announced drill program over the exciting new discovery at Gourbassi North West. 72 air core holes totalling 2,890 metres were completed along the 1.5 km initial projected strike extent. Assay results are expected to be released in the coming weeks.Desert Gold’s President & CEO, Jared Scharf, said, “The publication of this initial Mineral Resource is a significant milestone for the company and represents a great starting point. We believe that with more drilling, the company will be able to significantly expand on these resources and develop new resource areas like the Gourbassi North West discovery. We expect a busy 2022 as we work towards a 20,000 metre plus drill program with high expectations of the results.”
The Mogoyafara South deposit was acquired in 2021 as part of the Kolomba concession application, a contiguous claim at the south end of the SMSZ property package. The resource totals 12.29 million tonnes grading 1.05 g/t gold for 412,800 ounces of gold. Modelling indicates that the zone is likely open to depth with additional lenses possible to the east and west.
The Barani East zones comprise the Barani East, Barani Gap and Keniegoulou (as a group, referred to as Barani), which are all deemed to be part of one structural zone and the KE Zone, which lies to the northwest of the Barani East Zone.
Resources for the Barani East Zone group comprise 0.61 million tonnes Measured Mineral Resource grading 2.20 g/t gold totalling 43,200 ounces of gold, 0.88 million tonnes Indicated Mineral Resources grading 1.70 g/t gold totalling 48,000 ounces of gold and 2.70 million tonnes Inferred Mineral Resources grading 1.54 g/t gold totalling 133,900 ounces of gold.
The KE Zone lies on the western edge to the Barani area. It is a flat-lying, northerly-trending mineralized series of gold-bearing lenses with a best drill intercept of 5.89 g/t gold over 6 metres (approximately 5.5 metres true width).
The Gourbassi West Deposit lies in the southwest corner of the SMSZ Property, just north of the Senegal-Mali border, which is marked by the Faleme river.
The Gourbassi East Zone consists of at least seven, north-northwest trending lenses of gold mineralization up to 37 metres wide, that have been traced for approximately 800 metres along strike to 250 metres depth.
The Linnguekoto West Deposit lies on the Kolomba concession near the southern part of the SMSZ property.
Drill results for a recent 72 hole, 2,890 metre drill program, that tested the new, Gourbassi West North Zone are pending. Follow-up drilling is planned pending results.
An additional, exploration program consisting of approximately 17,000 metres of drilling will be carried out subject to financing with work plans as follows.
Follow-up drilling of gold-bearing drill intercepts from 2021 and previous exploration programs is planned at the Manakoto, Kamana, Soa, Kolon, Sorokoto North, Barani East, Frikidi, Gourbassi West, Gourbassi East and Gourbassi Northeast Zones. The goal of testing these targets is to determine potential for Mineral Resources.
Additional auger surveys are being contemplated in the Gourbassi West North and Mogoyafara areas.
Desert Gold Ventures Inc. holds two gold exploration permits in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda.