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Desert Gold Ventures Inc. V.DAU

Alternate Symbol(s):  DAUGF

Desert Gold Ventures Inc. is a gold exploration and development company which controls the approximately 440 square kilometers Senegal Mali Shear Zone (SMSZ) Project in Western Mali. The SMSZ Project consists of Farabantourou Project; a 100% interest in the Farikounda Project; an option agreement with Mineral Management Consulting (MMC) to acquire certain concessions; two-concession blocks (the Sebessounkoto Sud Project and Djelimangara Project, collectively the Altus Permits); an option agreement (SUD Option) for the acquisition of a 95% interest in Linguekoto Property; an option agreement (the Harmattan Option) for the acquisition of all the rights of a research permit in the Sola West area; and the Kolomba Exploration Permit that is contiguous to other permits of the SMSZ projects. The Company’s Farabantourou project consists of a small-scale mining license (Petite License). Its agreement with MMC is to acquire a 100% interest in the Keniebandi-Est Permit and Kousilli West Permit.


TSXV:DAU - Post by User

Post by Betteryear2on Feb 13, 2023 2:42pm
473 Views
Post# 35283567

Desert Gold Starts 2023 Exploration Program at SMSZ Project

Desert Gold Starts 2023 Exploration Program at SMSZ Project

Delta, British Columbia--(Newsfile Corp. - February 13, 2023) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the "Company") is pleased to announce the start of its auger drill program that will test high priority gold targets proximal to its 412,000* ounce gold Mogoyafara South Zone ("Mogo South") in western Mali. Mogo South is situated in the southeast corner of the SMSZ Project and lies proximal to the interpreted location of the Senegal Mali Shear Zone which is the dominant regional feature related to five active gold mines that produced in excess of 1.2 million ounces of gold* in 2022. The Mogo South zone is located in a structurally unique setting within a much larger area of soil, termite mound and artisanal workings gold anomalism. The goal of this auger program is to determine the extent to which the gold system at and around Mogo South can be expanded.

Jared Scharf, President, and CEO, commented, "The auger program at Mogo South is the first step in an attempt to answer one of the most important questions at the SMSZ Project; Does Mogo South have the potential to become a multi-million-ounce gold deposit consistent with the regional gold endowment proximal to the Senegal Mali Shear Zone?"

Desert Gold Starts 2023 Exploration Program at SMSZ Project in Western Mali (newsfilecorp.com)

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