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Desert Gold Ventures Inc DAUGF


Primary Symbol: V.DAU

Desert Gold Ventures Inc. is a gold exploration and development company. The principal business of the Company is conducting mineral property exploration in Mali. It focuses on its flagship 440 square kilometers Senegal Mali Shear Zone Gold project (SMSZ). The SMSZ project consists of Farabantourou project and Farikounda project. Its SMSZ Project is located in the country of Mali and overlies a 38 kilometers section of West Africa’s prolific Senegal Mali Shear Zone. The Company also consists of two-concession blocks (the Sebessounkoto Sud project and Djelimangara project, collectively the Altus Permits). It also has an option agreement for the acquisition of approximately 95% interest in Linguekoto Property and an option agreement for the acquisition of all the rights of a research permit in the Sola West area. Its subsidiaries include Desert Gold Ltd. and Desert Gold Mali S.A.R.L.


TSXV:DAU - Post by User

Comment by LowMooron Aug 04, 2020 8:16am
76 Views
Post# 31359830

RE:News required.....

RE:News required.....News!

elta, British Columbia--(Newsfile Corp. - August 4, 2020) - Desert Gold Ventures Inc. (TSX.V: DAU, FF: QXR2, OTC: DAUGF) ("Desert Gold" or "the Company") is pleased to announce that it has completed its planned exploration program over its 410 km2 SMSZ Property in Western Mali. In total, 4 core holes, 13 RC holes and 34 AC holes were completed for a total of 3,759.5 metres. As well, 1,065 auger holes were drilled totalling 9,557 metres. Assay results are pending.

The SMSZ Project is both named after and overlies a 38 km section of the Senegal Mali Shear Zone (see Figures 1. and 2.), which is related to 5 large mines located to the north and south, along strike, including B2 Gold's Fekola Mine, Barrick's Gounkoto and Loulo Mines and AngloGold Ashanti/Iamgold's Sadiola and Yatela Mines1. To the Company's knowledge, its SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature.

Desert Gold's CEO Jared Scharf commented "I am very pleased our team was able to complete the planned drill program and a bit more, before the annual rainy season set in and made exploration impractical. All samples have been delivered to the laboratory. We are looking forward to the results, which we believe will continue to demonstrate the value of this large sized, well situated, exploration property."

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