Desert Gold Assays 41.0 g/t Au from Grab Sample and Completes Rock Sampling and Mapping Program at Segala West Permit in Western Mali
Desert Gold Assays 41.0 g/t Au from Grab Sample and
Completes Rock Sampling and Mapping Program at
Segala West Permit in Western Mali
Delta, British Columbia--(Newsfile Corp. - June 21, 2017) -
Desert Gold Ventures Inc.
(TSXV: DAU) (FSE: QXR2) (OTC Pink:
DAUGF) ("Desert Gold" or "the Company") is pleased to provide the following update regarding the results of a recently
completed mapping, rock and soil sampling program at its Segala West permit. The Company has also outlined its follow up drill
program at its Segala West prospect in Western Mali.
HIGHLIGHTS
Assay results from grab samples received from pit mapping and rock sampling on various artisanal working areas at
Segala West returned significant high-grade gold values including the following:
41 g/t at Baroya;
19 g/t at Baroya north;
11.9 g/t at Segala; and
39.2 g/t at Baroya north west
Segala West permit borders several multi million oz Au deposits including Randgold's Loulo/Gounkoto Mine complex and
Endeavour Mining's Tabakoto/Segala mines.
ABOUT SEGALA WEST
The Segala West permit is surrounded by several large gold mines which include Randgold's Loulo-Gounkoto mine complex to
the West where the company has declared resources of 51 Mt at 4.4 g/t for 5.7 million oz au Measured and Indicated, 20 Mt at
3.9 g/t for 2 million oz Au inferred and 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 East of Segala West are Endeavour Mining's Tabakoto and Segala mines with Kofi and Kefola prospects to the
north and south respectively. The surface expression of the neighboring mine, Tabakoto (Endeavour Mining), which hosts ~3
million oz Au is less than 1 km
2
(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).
Within Desert Gold's Segala West permit there exists a large soil geochemical anomaly covering an area of 24 km
2
within which
4 significant artisanal mines are active. The purpose of the recently completed program was to identify all active artisanal
working areas in order to estimate their extension and to better understand the geological and structural controls of the
mineralisation. This dataset has been integrated to assist planning of the diamond drilling program due to start earlier in July of
2017.
Figure 1. Location Map of Segala West Permit with artisanal pits and neighboring operations.
To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/4954/27560_desert1enhanced.jpg
RESULTS FROM ROCK SAMPLING AND MAPPING PROGRAM
The program covered mostly the eastern part of the permit where artisanal mining is underway with more than 500 people. The
mapping and sampling focused on four main artisanal working areas including Baroya, Baroya north, Baroya north-west and
Segala. A total of 117 rock samples were taken from the four artisanal sites and sent to SGS Laboratories in Bamako, Mali to
be assayed. Note that grab samples are selective samples and are not necessarily representative of the mineralisation hosted
on the property.
Assay Results
from Grab Sampling Program Yielding Au V
alues > 1.0 g/t
Sample ID
Description
Au ppm
Baroya
A1941
Quartz veins (N340°/70°) 10 cm width oxidized
2.93
A1944
Grey dark to blue saprolite of Shale, moderate-pervasive
graphite alteration + brecciated quartz veins stock work + box
works (rejects from pits)
5.66
A1945
Saprolite of shale sheared + quartz veins brecciated +
hematite alteration + boxworks (rejects from pits)
2.5
A1947
Saprolite of siltstone + moderate stockwork millimetric feox
veinlet (Well reject)
1.01
A1949
Sandstone massive + stock work quartz veins oxidized
1.17
A1952
Quartz rich vein from main zone oxidized and sheared
strongly, moderate box works at 25 m depth from active pit
rejects
11.8
A1954
Dark grey saprolite sandstone, hematite alteration,
brecciated and oxidized strongly + moderate box works at
33m depth from active pit rejects
3.53
A1956
Grey saprolite siltstone host rock, brecciated, sheared and
oxidized strongly + moderate box works from active well
reject
2.45
A1959
Quartz veins fragments strong oxidized + moderate boxworks
(Active pit rejects)
1.47
A1960
Brecciated quartz veins very oxidized + boxworks
disseminated (Active pit rejects)
1.06
A1961
Saprock sandstone massive, hematite alteration, stock work
quartz veins oxidized, brecciated + box works
1.43
A1967
Quartz veins fragments from active well, strong oxidised,
cracked + moderated box works disseminated
6
A1969
Saprock sandstone brecciated, hematite alteration +
stockwork quartz veinlet
1.84
A1970
Saprock sandstone brecciated, hematite alteration +
stockwork quartz veinlet
2.8
A1972
10-20cm Quartz veins (N340°/70°) strong oxidised,
brecciated + boxworks from an excavation
2.32
A1979
Quartz fragments oxidized strongly + moderate boxworks (pit
rejects)
1.09
A1981
Quartz veins (N350°/35°) moderate oxidized and cracked
2.21
A1983
Contact quartz veins / Saprolite (N345°/33°) bleached and
sheared + weak boxworks
2.37
A2022
Quartz veins very oxidized + moderate disseminated
boxworks (sample were given by local artisanal miners from
their productive well)
1.18
A2023
Quartz veins very oxidized + moderate disseminated
boxworks (sample were given by local artisanal miners from
their productive well)
41
Baroya North
A1995
Sheared quartz veins fragments brecciated, oxidized +
moderate boxworks given by local artisanal miner from their
active well
1
A1996
Sheared quartz veins fragments brecciated, oxidized +
moderate boxworks given by local artisanal miner from their
active pit about 34m depth
19
A1998
Fragments quartz veins cracked and oxidized along crack
plane and brecciated (pit rejects)
3.42
A2002
Quartz veins fragments sheared and oxidized strongly +
disseminated boxworks.
7.17
A2005
Sheared quartz veins fragments with hematite alteration +
moderate boxworks (pitl reject)
1.93
A2007
Sheared quartz veins fragments brecciated, oxidized +
moderate boxworks
13.5
A2011
Saprolite of siltstone oxidized, sheared, brecciated + quartz
veins + boxworks (pit reject)
1.29
A2012
Strong oxidized quartz veins fragments, sheared and
brecciated +
boxworks
3.73
A2013
Sheared saprolite of siltstone + quartz veins sheared along
shearing plane
1.1
A2014
Strong sheared saprolite of siltstone, very limonite alteration
+ quartz veins sheared and brecciated
3.95
A2018
Quartz veins (N210°/60°) 1cm width showing hematite
alteration
2.64
Baroya North West
A2057
Medium grained saprock sandstone sheared
+ strong
hematite veins parallels along shearing plane + visible gold
given by artisanal miners from 20m depth
39.2
A2059
Quartz fragments 10-15 cm very oxidized , brecciated +
boxworks from 20cm
14.7
A2061
Quartz veins (N160°/75°) 10-15 cm width strong brecciated +
hematite and limonite alteration + boxworks.
4.1
A2068
Quartz veins (N210°/80°)
0.5 cm width very oxidized
exploited by artisanal miners in the zone generally
1.32
A2069
Networks quartz veins (N214°/88°)
0.5 cm width very oxidized
exploited by artisanal miners in the zone generally
10.6
Segala
A2027
Quartz veins (N320°/15°) 1 - 2cm
width oxidized, elongated
and brecciated
1.03
A2028
Quartz veins (N063°/83°) 1 cm
width oxidized + boxworks
2.56
A2033
Quartz veins (N240°/84°) 2 cm width strong oxidized +
boxworks
5.55
A2034
Quartz veins (N220°/84°) 2 - 5cm width strong oxidized,
brecciated + boxworks
6.79
A2036
Individual quartz veins (N225°/85°) 2-3cm width strong
oxidized, brecciated + boxworks
4.9
A2038
Sheared quartz veins (N130°/88°) oxidized parallel shearing
plane
1.99
A2039
Purple - yellowish saprolite of Siltstone strong foliated, strong
hematite + limonite alteration + quartz veins along foliation
plane
2.29
A2040
Purple - yellowish saprolite of Siltstone strong foliated, strong
hematite + limonite alteration + quartz veins along foliation
plane
1.91
A2041
Network quartz veins (N290°/40°) 1-2cm width strong oxidized
and brecciated
1.01
A2044
Individual quartz veins (N230°/75°) 0.5cm width strong
oxidized
11.9
RESULTS OF MAPPING PROGRAM
Baroya
The Baroya artisanal site has more 450 meters strike length with 50 meters width. It's active with about more 200 local artisanal
miners. The geology at Baroya is dominated by sedimentary units that vary from sandstone to siltstone and graphitic shale.
Alteration is constrained to these units and consists of strong limonite, hematite and moderate kaolinite and graphite.
Mineralization is associated with quartz veins (10-15%) cracked, brecciated and sheared locally, rich in carbonate, hematite and
feldspar alteration developed within a shear zone corridor.
Figure 2: Baroya
Grab
Sampl
ing
Results over Interpreted Geological Map
To view an enhanced version of this graphic, please visit:
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Baroya North
Located 1.7km to the north of Baroya site, Baroya North has more than 700m strike length. The geology is a sedimentary
sequence consisting of siltstone and sandstone affected by limonite and hematite alteration along a NW strike trending shear
zone dipping toward NE. Mineralisation is associated with sheared quartz veins strongly oxidized and brecciated with localised
box works from sulphide dissolution.
Figure 3. Baroya North
Grab
Sampl
ing
Results over Interpreted Geological Map
To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/4954/27560_desert3enhanced.jpg
B
aroya North
West
With more than 400m strike length, this site is located at 1km to the west of Baroya North site. The geology sedimentary and
varies from siltstone to sandstone. These are associated with hematite veins. Two types of gold mineralization systems are
defined in the site; gold linked hematite veins following foliation plan with visible gold and brecciated quartz veins very oxidized
with box works.
Figure 4. Baroya North
West
Grab
Sampl
ing
Results over Interpreted Geological Map
To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/4954/27560_desert4enhanced.jpg
Segala
With more than 350 meters strike length, Segala is located 800m to the east of Baroya North and seems to be the extension of
the structure of the Segala gold mine corridor currently under production by Endeavour Mining. The mineralization is controlled
by a network thin quartz veins with various thicknesses that are very oxidized affected by limonite and hematite alteration with
box work from sulphide dissolution.
Figure 5
.
Segala
Grab
Sampl
ing
Results over Interpreted Geological Map
To view an enhanced version of this graphic, please visit:
http://orders.newsfilecorp.com/files/4954/27560_desert5enhanced.jpg
Desert Gold's President Jared Scharf commented, "Results from this sampling program are very encouraging and demonstrate
significant potential for a new gold discovery at Segala West. Mineralization in the area is associated with quartz veining
systems developed within shear zones trending South-East to North-West. Taking into consideration the results from the
aforementioned program and the quality of the surrounding deposits and mines currently being operated by our neighbours, we
will commence a targeted diamond core drill program aimed to be completed by August of this year before the rainy season
begins."
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 and to the activity that he
is undertaking 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 S
tates
. 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.