Desert Gold Completes Over 230 Holes at SMSZ Project Totaling 16,400 Metres – 82% of Planned Program Completed
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For Immediate Release
TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
Desert Gold Completes Over 230 Holes at SMSZ Project Totaling 16,400 Metres – 82% of
Planned Program Completed
Delta, British Columbia, June 22, 2021 Desert Gold Ventures Inc. (the “Company”) (TSX.V: DAU, FSE: QXR2, OTC:
DAUGF) is pleased to provide an update regarding its ongoing exploration program. As of June 20 th, the Company has
completed over 230 holes comprising 16,400 metres of drilling representing in excess of 82% of the planned 20,000 metre
drill program. The Company expects to complete the drill program by early July. As of June 20, results for approximately
14,000 samples or 80% of the drilling completed are pending. Based on the lab ’s schedule, the Company anticipates
receiving results for approximately 1,500 samples per week starting this week.
The 410 km2 SMSZ Project is both named after and overlies a 38 km section of the Senegal Mali Shear Zone (the “SMSZ”).
The SMSZ is related to 5 large mines located both to the north and south, along strike, including B2 Gold’s Fekola Mine,
Barrick’s Gounkoto and Loul o Mines and Allied Gold’s Sadiola and Yatela Mines 1. To the Company’s knowledge, the
SMSZ Project is the largest, contiguous, non- producer land package over this highly prospective structural feature (see
Figure 1.).
The Company’s goal is to discover a tier 1 gold deposit associated with the regional-scale, gold-bearing structural systems
that pass through the SMSZ Project. Exploration at the SMSZ Project has discovered in excess of 20 gold zones with 2021
exploration data strongly suggesting that more will be discovered. 2021 drill holes have tested, or will test, approximately
75% of the targets generated from 2019 to 2021.
Partial results have been received for drilling at the Gourbassi East and West Zones and no drill chip and core assays have
been returned from the Barani East drill holes.
A general summary of the holes completed to date, by target area follows (see Figure 2):
• Gourbassi West/Gourbassi East/Gourbassi NE
o Objective – Follow-up on known gold bearing zones with a goal to define mineral resources and make
a new discovery by testing new gold-in-auger anomalies north of the Gourbassi West Zone
o 28 holes totalling 3,641 metres completed with AC, RC and diamond drill holes ranging from 30 to 336
metres long. Four holes still need to be completed over the Gourbassi West and East Zones with another
25 holes to follow up drill and auger assay results. Partial assays received.
• Gourbassi SE
o Objective – Follow-up historic breccia zone intercept of 0.67 g/t Au over 15 metres1
o 2 RC holes completed totalling 208 metres. Assays pending.
• Berola
o Objective – Follow-up historic breccia zone intercept of 1.03 g/t Au over 18 metres1
1 Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company’s
SMSZ Property.
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o 2 RC holes completed totalling 214 metres. All assays pending.
• Barani East Area
o Objective – Extend gold zones and make a new discover y - Define additional mineral resources at
Barani East Zone, test geophysical targets and gold-in-soil targets
o First pass target drilling comprising 4 7 holes totalling 4,553 metres completed. Holes comprised a mix
of AC, RC and diamond ranging from 42 to 258 metres deep. All assays pending.
• Barani North and West Area
o Objective – Make a new discovery - Follow-up on 2021 gold- in-auger anomal y trends thought to
represent untested, long strike length gold-bearing trends
o A total of 88 AC holes completed comprising 4,326 metres with holes ranging from 18 to 78 metres long.
All assays pending.
• Manakoto/Kamana/Sorokoto North
o Objective – Make a new discovery by following up historic drill results to 1.84 g/t Au over 30 m 1
o Combination of 60 AC and RC holes completed totalling 3,200 metres. All assays pending.
• Soa Area
o Objective – Make a new discovery by following up 2020 drill results of 2.04 g/t Au over 30 m1
o Northeast strike extent of Barani East gold zone
o 36 AC holes totalling 1,800 metres planned
QAQC
All auger and drill samples are delivered to SGS in Bamako, Mali where they are prepped. The prepped samples, are both
shipped by truck to SGS’s facility in Ouagadougou, Burkina Faso, or remain at SGS’s laboratory in Bamako, for Au
determination by fire assay. Standards, assay blanks and sample duplicates, are inserted into the assay stream every 25, 23
and 22 samples, respectively equaling one control sample for every 8 assay samples. All assay batches are reviewed for
quality with re-assays requested for standards that assay more than 2 to 3 SD from an excepted value and for blanks that
contain more than 10 ppb gold.
There is no QAQC record for the fire assays for the Mankoto, Berola and Gourbassi SW zones and as such, until validated,
may not be relied on with 100% certainty. However, from follow-up exploration carried out to date, the correlation between
historic gold values and subsequent validation work, have generally been withing acceptable parameters.
This press release contains certain scientific and technical information. The Company is solely responsible for the contents
and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo. a director of Desert Gold and a
Qualified Person under National Instrument 43- 101, has reviewed and approved the scientific and technical information
contained in this press release.
1 True width unknown
On Behalf of the Board
“Jared Scharf”
___________________________
Jared Scharf
President & CEO
About Desert Gold
Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permit s in
Western Mali (SMSZ Project and Djimbala), its Anumso project in Ghana’s Ashanti Belt and its Rutare gold project in
central Rwanda. For further information please visit www.SEDAR.com under the company’s profile. Website:
www.desertgold.ca
Suite 210, Surrey, British Columbia | Canada | V3T 2X9 | Office +1 (604) 357 4726 | Fax +1 (604) 592 6882
Figure 1 – SMSZ Project Location, Regional Geology and Major Deposits in Western Mali and Eastern Senegal
Suite 210, Surrey, British Columbia | Canada | V3T 2X9 | Office +1 (604) 357 4726 | Fax +1 (604) 592 6882
Figure 2 – Summarized Gold zones and drill hole progress
Contact
Jared Scharf, President and CEO
Email: [email protected]
Tel. No.: +1 (858) 247-8195
This news release contains forward -looking statements . 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 numbe r of uncertainties and risks, and actual results
may differ materially from those contained in such statements . These uncertainties and risks include, but are not limited
to, the strength of the capital markets, the price of gold; operational, funding, liq uidity risks, the degree to which mineral
resource estimates are reflective of actual mineral resources , the degree to which factors which would make a mineral
deposit commercially viable, and the risks and hazards associated with mining operations. Risks and uncertainties about
Suite 210, Surrey, British Columbia | Canada | V3T 2X9 | Office +1 (604) 357 4726 | Fax +1 (604) 592 6882
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 ur ged 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 be nefit of a
U.S. person absent an exemption from the registration requirements of such act.