Desert GOLD Secures Rights to Strategic Property IN Western Mali
For Immediate Release
DESERT GOLD SECURES RIGHTS TO STRATEGIC PROPERTY IN
WESTERN MALI
Delta, British Columbia, July 2, 2020. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V:
DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that it has acquired the rights to a 95% interest in the Sola
West concession. The 16 km 2 Sola West concession, fills a strategic, approxima te 4 km property gap, on the
Company’s Senegal Mali Shear Zone (‘SMSZ’) Project between the northeast-trending Barani East Zone, wi th
intercepts to 7.83 g/t gold over 13* metres, and the recently drilled Soa Prospect, which returned an intercept of 2.02
g/t gold over 30* metres (see Figure 1). There is n o recorded drill testing at Sola West. Including th e Sola West
Concession, Desert Gold’s SMSZ Project is now approximately 410 km 2.
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 AngloG old Ashanti/Iamgold’s Sadiola and Yatela Mines 1. To the
Company’s knowledge, its SMSZ Project is the larges t, contiguous, non-producer land package over this very
prospective structural feature.
Desert Gold’s CEO Jared Scharf commented “We’re very pleased with the continued expansion of our SMSZ Project.
Filling gaps like Sola West are important given the fact that the mineralized systems both to the nort heast and
southwest, along strike, likely continue onto the S ola West property package. The presence of signific ant artisanal
mining and strong gold-in-soil anomalies further au gment the perspectivity of Sola West. Weather and t ime
permitting, we plan to drill test some of these targets during our current drill program.
SMSZ Project Exploration Update
Desert Gold’s SMSZ exploration program is ongoing w ith one combination diamond/RC/AC drill and two aug er
drills, with a 3 rd auger drill expected to arrive on the weekend. To date, 9 RC holes totaling 1,136 metres, were
completed over the Gourbassi East and West Zones. Core drilling has now commenced at the Gourbassi Zones. Once
drilling is completed at Gourbassi, the drill will begin testing the Barani East Zone and 30 air core targets in the Barani
East area. The auger drilling is proceeding rapidly with 247 holes completed totaling 2,233 metres. Ap proximately
10,000 metres of auger drilling is planned. Results will be presented in late July or early August onc e assays have
been received and interpreted.
About the Sola West Concession
The Sola West concession hosts the Kolon artisanal mining area (see Figure 2) and the southern extension of the Soa
Prospect target area. The Kolon site covers a 350 m etre by 150 metre area comprising 3 large open pits with 2 pits
approximately 100 metres long by 10 to 20 metres wi de and 5 to 10 metres deep (see photos below). This area is
located along the same interpreted northeast-trendi ng structural corridor that hosts the Barani East a nd Soa zones.
Mapping and sampling of these and additional nearby workings has commenced. Artisanal mining has focus ed on
narrow, north-east and northerly trending quartz veins. Time permitting, a line of air core holes is planned during the
exploration program to cross over the location of t he inferred northeast-trending structure and severa l high-quality
soil anomalies.
1 Mineralization hosted on adjacent and/or nearby pr operties is not necessarily representative of miner alization hosted on the
Company’s SMSZ Property.
A review of soil and artisanal mining sites on the concession has resulted in the delineation of 4 lar ger target areas.
As well, there are 13 gold-in-soil anomalies, >200 ppb gold, to 1,368 ppb gold, that lie outside and t he target areas,
that could also represent exploration targets (Figu re 2). The target areas represent clusters of gold- in-soil anomalies
often associated with artisanal mining areas. Auger , air core and RC drilling are planned over all of the target areas.
Auger drilling will be carried out over target area s with laterite and/or alluvial cover. RC and air c ore holes will test
below artisanal mining areas and across select gold-in-soil anomalies where fresh rock is deemed close to surface.
Figure 1 – Property Compilation Map
*All gold grades over width, with the exception of t he Soa prospect, represent drill holes with the tru e widths, for most holes,
ranging from 70 to 95%. **The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola
Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 60% to 90%.
Figure 2 – Sola West Compilation Map
Kolon Artisanal mining
site
Soa Target
Area
Kolon Target
Area
Kolon - Pit 1
Kolon - Pit 2
Kolon – Pit 3
QAQC
All AC, and RC samples were geologically logged following Desert Gold’s established standard operating procedures.
For AC and RC drilling, all individual samples repr esent approximately one-meter in length of rock chi ps
homogenized and riffle-split to an approximately 2kg sub-samples which were sent by truck from the project site, for
preparation and gold assaying at the SGS laboratories in Bamako, Mali.
Each sample (AC, and RC) is fire-assayed for gold by SGS laboratories in Bamako using Au-FAA505 method, which
is a 50g fire assay fusion with AAS instrument fini sh. In addition to SGS’s own QA/QC (Quality Assurance/Quality
Control) program, Desert Gold’s internal quality control and quality assurance procedures included the use of certified
standards (1 :20), sample duplicates (1 :20) and bl anks (1 :20). Sample batches that fail QAQC review, especially
those with significant gold intercepts, are re-assayed with the insertion of new standards.
Ashanti Gold Drill Results QAQC Procedures for the Gourbassi Zones
Certified Reference Materials and Blanks were inser ted into the sample stream at the rate of 1:20 samp les. Field
duplicates are collected at the rate of 1:50 samples. All samples have been analyzed by SGS Laboratories in Bamako
with standard preparation methods and 50g fire assa y with atomic absorption finish. SGS adds their ow n QA/QC
samples into the sample stream and had reported the m to Ashanti for double checking. Higher grade sam ples were
reanalyzed from pulp or reject material or both.
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 unde r National Instrument 43-101, has reviewed and
approved the scientific and technical information contained in this press release.
About Desert Gold
Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in
Western Mali (SMSZ, Segala West and Djimbala) and i ts Rutare gold project in central Rwanda. The Compa ny’s
current focus is its 407 km 2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.
On Behalf of the Board of Directors
“Sonny Janda”
____________________
Sonny Janda
Chairman
Contact:
Jared Scharf, President & CEO
Email: [email protected]
For further information please visit our website www.desertgold.ca or information available on
www.SEDAR.com under the company’s profile.
Certain statements contained in this release may co nstitute "forward–looking statements" or "forward-l ooking information"
(collectively "forward-looking information") as those terms are used in the Private Securities Litigat ion Reform Act of 1995 and
similar Canadian laws. These statements relate to f uture events or future performance. The use of any of the words “could”,
“intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current
belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular,
this release contains forward-looking information r elating to the business of the Company, the Propert y, financing and certain
corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not
obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. B ecause of the risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking
information contained herein.
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 be en and will not be registered under the united stat es 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.
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