TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
DELTA, BC, Feb. 1, 2018 /CNW/ - Desert Gold Ventures
Inc. ("Desert Gold" or "the Company")(TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that it has concluded its
previously announced drill program at Segala West. This program is a first step to further testing of the numerous mineralized
structures and significant gold-in-soil anomalies that lie on the property.
About Segala West
The Segala West permit is surrounded by several large gold mines including Randgold's Loulo-Gounkoto mine complex to
the west with ore reserves of 32 Mt average at 4.6 g.t for 3.7 million oz Au in the Proven and Probably category. Adjacent to the
south-east are Endeavour Mining's Tabakoto and Segala mines which hosts ~3 million oz Au (18.5 Mt at 3.5 g/t for 1.8 million
oz au measured and indicated, 9 Mt at 3.6 g/t for 1 million oz Au inferred and 6.4 Mt at 3.5 g/t for 0.7 million oz au proven and
probable) with its Kofi prospect to the north.
Program Objectives
As a first pass drilling, the program was designed to test continuity of gold mineralization reported from detailed
mapping and rock sampling over five newly discovered artisanal zones including Baroya, Baroya North, Baroya North-West, Segala
and Yatia West. The program was comprised of diamond, RC, and Aircore drilling.
New Discoveries
- Baroya NW – 0.92 g/t gold over 22 metres
- Yatia NW – 7.13 g/t gold over 1 metre and 7.16 g/t gold over 1 metre in two separate mineralized structures
- Baroya mid north – 0.88 g/t gold over 8 metres
Extension to Known Zones
- Segala West Zone – 0.8 g/t Au over 7.2 metres
Summary
A short drill program was conducted at Desert Gold's Segala West property in November and December of 2017. 60 holes
totalling 4,356 metres were drilled, including 3 core, 1 core/reverse circulation, 18 reverse circulation and 38 air core holes.
The program was designed to test three newly discovered artisanal zones, Baroya, Baroya North and Yatia West and to test below a
large artisanal open pit on the Segala West trend, where rock samples have returned up to 12 g/t gold over. Three core holes were
drilled to provide structural information for three of the zones. The RC holes tested below the artisanal mining sites and the
air core holes began testing the multitude of strong gold-in-soil targets and conceptual targets on the property. The Baroya NW
zone, a recently discovered artisanal mining site, returned a RC drill intercepts of 0.92 g/t gold over 22 metres. This newly
discovered zone is unique in the region in that the mineralization is associated with stockwork-type, primary-style hematite,
sericite and perhaps albite altered sedimentary rock with no visible sulphides and limited amounts of quartz veining. Grab
samples of this material have returned up to 39.2 g/t gold with visual gold. Because of the unique style of mineralization,
samples have been sent out for mineralogical analysis and gold deportment studies. Additional holes are recommended to test this
area and other areas that display stock-work type hematite alteration.
Two new gold zones were discovered while testing gold-in-soil anomalies with an air core drill. One of the new occurrences
lies 800 metres north of the Baroya artisanal zone. This hole returned two intercepts including 0.5 g/t gold over 7 metres from
surface and 0.99 g/t gold over 8 meters at 18 metres down hole. A second air core hole near another newly discovered artisanal
zone, Yatia West returned two high grade intercepts of 7.16 g/t gold over 1 metre and 7.13 g/t gold over 1 metre. Follow-up
drilling is warranted at both locations. In addition a parallel, northeast-trending structure that cuts a granitic body where a
'Roxgold-type' target has been generated still needs to be tested. The company will undertake an aircore program over this target
later this year.
Drilling at the Segala West Zone extended the gold mineralization to depth, below a large artisanal mining pit with an
intersection of 0.8 g/t gold over 7.2 metres. The Segala West Zone lies along trend of Endeavour's currently mined Segala underground mine and the previously mined Segala Northwest open pit.
Additional work needs to be done in this area to test this well mineralized structural trend.
Desert Gold's President Jared Scharf commented, "As a first pass drill program, our team is
very pleased with these results. The program confirmed continuity of known zones and discovered several new zones confirming grab
sample results from exploration work. A unique hematite-style mineralization has been discovered which we are only beginning to
understand. These are challenging targets with mineralization often focused at structural intersections leading to the pinch and
swell of the mineralized, gold-bearing lenses. We have learned a great deal from this short program where we are only beginning
to understand the potential at Segala West. A great deal of follow up work is justified and we will aim to begin a second phase
of drilling in Q2 of this year. In the meantime, our exploration team will continue its field work comprising of more geological
mapping and prospecting to further refine our targets and improve our understanding of this property."
This note was reviewed by Dr. Luc Antoine who is a director of the Company and is registered
as a Member of the Geological Society of South Africa (MGSSA 967397). He approves the
scientific and technical disclosure in the news release and has the necessary experience relevant to the style of
mineralization and types of deposits under consideration to qualify as a Qualified Person as defined in the National Instrument
43-101.
ON BEHALF OF THE BOARD
"Jared Scharf"
___________________________
Jared Scharf
President & Director
+1 (858) 247-8195
For further information please visit www.SEDAR.com under
the company's profile.
This news release contains forward-looking statements respecting the Company's ability to successfully complete the
Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ
materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are
subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements,
including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not
limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to
which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a
mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties
about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory
authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no
obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements
unless required by law.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not
constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the
United States. The securities described herein have not been and will not be registered under the united states securities
act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent
an exemption from the registration requirements of such act.
Table 1
Summary Results Q4, 2017 Segala West Drill Program
HOLE NAME
|
FROM
|
TO
|
Length
|
Gold_g/t
|
BYAC0005
|
0
|
7
|
7
|
0.5
|
BYAC0005
|
18
|
26
|
8
|
0.99
|
BYAC0006
|
2
|
4
|
2
|
0.61
|
BYDD0001
|
0
|
2
|
2
|
0.63
|
BYDD0001
|
45.3
|
48
|
2.7
|
0.87
|
BYDD0001
|
125
|
126.9
|
1.9
|
0.92
|
BYNRC0001
|
|
|
|
NSV
|
BYNRC0002
|
|
|
|
NSV
|
BYNRC0003
|
|
|
|
NSV
|
BYNRC0004
|
47
|
48
|
1
|
1.67
|
BYNRC0005
|
|
|
|
NSV
|
BYNWDD0001
|
55
|
55.4
|
0.4
|
1.69
|
BYNWRC0001
|
59
|
61
|
2
|
1.33
|
BYNWRC0002
|
63
|
85
|
22
|
0.92
|
BYRC0001
|
47
|
48
|
1
|
0.84
|
BYRC0002
|
5
|
6
|
1
|
0.5
|
BYRC0002
|
24
|
25
|
1
|
0.5
|
BYRC0002
|
104
|
110
|
6
|
0.42
|
BYRC0003
|
|
|
|
NSV
|
BYRC0004
|
6
|
8
|
2
|
1.34
|
BYRC0005
|
50
|
52
|
2
|
1.21
|
BYRC0006
|
16
|
20
|
4
|
1.01
|
BYRC0006
|
25
|
26
|
1
|
0.51
|
SGRC0001
|
113.9
|
115
|
1.1
|
1.79
|
SGRC0001
|
138
|
138.6
|
0.6
|
2.42
|
SGRC0001
|
143.2
|
144.2
|
1
|
0.79
|
SGRC0001
|
146.9
|
148.6
|
1.7
|
0.54
|
SGRC0001
|
189.5
|
196.7
|
7.2
|
0.8
|
SGRC0001
|
198.9
|
199.9
|
1
|
0.53
|
SGRC0001
|
240
|
241
|
1
|
0.81
|
YTWAC0001
|
22
|
23
|
1
|
7.16
|
YTWAC0002
|
46
|
47
|
1
|
7.13
|
YTWAC0003
|
18
|
19
|
1
|
1.38
|
YTWAC0004
|
22
|
23
|
1
|
0.54
|
YWRC0001
|
74
|
75
|
1
|
0.86
|
YWRC0001
|
81
|
82
|
1
|
1.02
|
YWRC0001
|
109
|
110
|
1
|
0.74
|
YWRC0002
|
|
|
|
NSV
|
YWRC0003
|
10
|
11
|
1
|
0.93
|
YWRC0003
|
116
|
117
|
1
|
1.42
|
SOURCE Desert Gold Ventures Inc.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/February2018/01/c8578.html