Desert Gold Trench and Prospecting Results Showcase Opportunities for Resource Expansion
Desert Gold Trench and Prospecting Results
Showcase Opportunities for Resource
Expansion
Surrey, British Columbia--(Newsfile Corp. - January 15, 2025) -
Desert Gold Ventures Inc.
(TSXV:
DAU) (FSE: QXR2) (OTCQB: DAUGF) (the "Company") is pleased to announce recently discovered
trench and prospecting data for work carried out from 2010 to 2012, on and proximal to, the Mogoyafara
South and Linnguekoto West gold Deposits (see Figure 2 for locations). Together, estimated gold
resources at these two zones comprise Inferred Mineral Resources of 479,000 ounces of gold grading
1.09 g/t gold
1
.
Highlights*:
Mogoyafara South Deposit Area ("MS")
(see Figure 3)
Trenching results:
28 m @ 0.69 g/t Au
(edge of resource pit - not modelled)
8 m @ 0.82 g/t Au
(outside of resource pit)
16 m @2.73 g/t Au, 28 m @ 0.72 g/t Au, 29 m @ 2.35 g/t Au and 15 m@ 1.23 g/t Au
(edge of resource pit - not modelled)
30 m @ 0.45 g/t Au (outside of resource pit)
23 m @ 0.48 g/t Au and 11 m @ 0.47 g/t Au (edge of resource pit - not modelled)
21 m @ 0.50 g/t Au - new area, not tested by drilling
Prospecting grab samples -
56.0 g/t Au, 55.6 g/t Au, 45.0 g/t Au, 15.1 g/t Au and 57.0 g/t Au
(edge of resource pit, drill and trench testing required)
Linneguekoto West Deposit Area ("LW")
(see Figure 4)
Trenching results:
16 m @3.15 g/t Au
(1,270 m south of LW resource pit)
32 m @ 2.4 g/t Au
(1,240 m south of LW resource pit)
13 m @ 0.50 g/t Au
(480 m south of LW resource pit)
10 m @ 0.52 g/t Au
(590 m south of LW resource pit)
Prospecting grab samples:
LW resource pit area -
6.0 g/t Au, 1,205 g/t Au, 28.6 g/t Au
800 m south of LW resource pit area
- 8.8 g/t Au and 10.45 g/t Au
1325 m to 1475 m of LW resource pit area -
14.8 g/t Au, 13.35 g/t Au, 9.43 g/t Au
2,000 m south of LW resource pit area -
9.69 g/t Au
2,250 m south-southwest LW resource pit area -
5.42 g/t Au
*
True widths have not been determined for the trench results
Company CEO Jared Scharf commented, "The newly discovered exploration data brings additional
scope to the two deposit areas by showing opportunities to expand the mineral resources through
drilling. Particularly intriguing is a non-modelled area of much higher gold grades at the Mogoyafara
South Deposit and evidence of laterite-covered gold zones, south of the Linnguekoto Deposit."
Technical Data
Desert Gold recently located news releases and quarterly reports from Australian-based Golden Rim
Resources, which highlighted soil sampling, prospecting, trenching and drilling carried out over and
proximal to the Mogoyafara South and Linnguekoto West gold Deposits. Data files for most of this work
were acquired, compiled and evaluated.
Newly acquired data includes assay results for 1,419 soil samples, 1,042 prospecting samples and
2,393 trench samples focused primarily over the MS and LW Deposit areas.
Mogoyafara South
Desert Gold has acquired data for 13 trenches in the MS area. This data highlights additional gold
mineralization and locally higher than average grades that are not modelled in the current resource
model. Specifically results in Trench 17 of 1.23 g/t Au over 15 metres,
2.35 g/t Au over 29 metres
, 0.72
g/t Au over 28 metres and
2.73 g/t Au over 16 metres
(Figure 3) and five trenches that returned
significant widths of gold mineralization that have not been defined by drilling. Of the six trenches that
returned strong gold grades and widths, 4 of the trenches are within the mineral resource pit limits (0.69
g/t Au over 28 metres, 0.48 g/t Au over 23 metres, 0.47 g/t over 11 metres and the results from Trench
17, mentioned above) and two are outside of the resource pit areas (0.45 g/t over 30 metres and 0.50
g/t Au over 21 metres).
The high grades noted in northeast-trending Trench 17, are also related to four, proximal high-grade
grab samples that returned from 45.5 to 57 g/t Au from narrow, northwest-trending quartz veins.
Coincident with the gold mineralization is an area of strong pyritization, likely related to an increase in
quartz veining. The combination of intersecting structures, strong alteration and higher grades than
average define a relatively untested high priority, 120 metre by up to 250 metre exploration target area.
Gold mineralization intersected in the trenches show that there is both significant scope to add additional
mineral resources within the current resource pit shells, to extend the mineral resource pits along strike
and for the discovery of new gold zones. The potential for new gold zone discoveries is also supported
by gold-bearing grab samples collected from areas where no drilling has been carried out. In conclusion,
both the trench and grab sample data indicate that there is a high potential that additional drilling will add
to the mineral resources in the MS area.
Figure 3. Mogoyafara South Area - New Trench and Grab Sample Data
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Linnguekoto West Area
Soil sampling, prospecting trenching and drilling were carried out over the LW area from 2010 to 2012.
This work resulted in the definition of two new areas of gold mineralization and scattered high grade
grab samples, located from approximately 400 metres to 2,250 metres south of the LW mineral resource
pit limits (see Figure 4). Highlights of this work, include trenches that returned
3.15 g/t Au over 16
metres
and
2.24 g/t Au over 32
metres
. Interestingly, the grab and trench results are proximal to local
laterite highs, which are locally related to areas of increased alteration (silicification) and gold
mineralization, and due to the laterite cover, may not exhibit enriched gold in soils. Assuming that the
laterite ridges overly mineralized alteration zones, the northernmost ridge has an untested strike of
approximately 250 metres and the southern ridge has a strike length of approximately 800 metres.
Highly anomalous gold in grab samples, south of the LW deposit show potential for the discovery of
additional high grade gold mineralization and highlight the LW zone where grab samples returned up to
1,205 g/t Au.
A total of 1,419 samples were collected at 50 m centres over an area of 2,100 m by 3,200 m overlying
the LW Deposit area. These samples returned gold values to 6,064 ppb gold and highlighted two targets
area to the south of the LW Deposit. Seven additional strong gold anomalies (>200 ppb Au) where
collected within the survey block; follow-up of these strongly anomalous areas is still required.
Figure 4. Linnguekoto West Area - New Trench and Grab Sample Data
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Technical Study Update (The "PEA")
Additional gravity test work will be completed over the Barani East Deposit in January in order to come
up with the best option for processing this deposit. Completion of the PEA is still estimated for Q1,
2025.
Next Steps
A search for the drill holes completed by Golden Rule is in progress with data for some, but not all of the
holes acquired. The Desert Gold field team is also attempting to locate these drill collars in the field.
Data from these drill holes is expected to further increase Desert Gold's understanding of the
Mogoyafara South and Linnguekoto West, Deposits and create new exploration opportunities.
Follow-up trenching is being planned to determine the extent of the gold mineralization encountered in
the trenches at Mogoyafara South. Drilling would be required to test the laterite ridge targets at
Linnguekoto West.
QAQC
A review of the available Golden Rim data indicates that sample duplicates were collected every 20
samples for the soils and trench data and standards were inserted every 50 samples in the soil sample
stream. However, there is insufficient data to determine how well the standards and duplicates
performed. No duplicate or standards appear to have been inserted in the grab or prospecting sample
stream. All samples appear to have been sent to ALS Chemex for analysis.
Soil samples were processed as 1 kg BLEG Leachwell samples at ALS Chemex in Ouagadougou. ALS
assay batch number are also included in the dataset.
The prospecting and grab sample database includes data for Au and 35 additional elements, likely from
multi-element ICP analysis. The data base also include UTM coordinates, sampling date, a short sample
description and an assay batch number.
Trench UTM data matches very well with trenches on surface and those evident on satellite images.
Trench data also includes detailed to generalized descriptions of the saprolite to rocks noted in the
trenches. No assay batch numbers are included in the trench database.
Assay values for soils, trenches and grab samples, match Golden Rim news release figures.
No further QAQC evaluation of the Golden Rim data was carried out.
1
Desert Gold news release data source:
Desert Gold Reports Measured and Indicated Mineral
Resources of 310,300 ounces of Gold and Inferred Mineral Resources of 769,200 ounces of Gold at
SMSZ Project, West Mali
Figure 1 - SMSZ Project Location and Major Deposits in Western Mali and Eastern Senegal (*
see deposit resources disclosures at end)
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Figure 2. SMSZ Property scale Summary and Zone location plan
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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. Technical Advisor for 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.
On Behalf of the Board
"Jared Scharf"
___________________________
Jared Scharf
President & Director
About Desert Gold
Desert Gold Ventures Inc. is a gold exploration and development company which controls the 440 km
2
SMSZ Project in Western Mali containing Measured and Indicated Mineral Resources of 8.47 million
tonnes grading 1.14 g/t gold totaling 310,300 ounces and Inferred Mineral Resources of 20.7 million
tonnes grading 1.16 g/t gold totaling 769,200 ounces.
For further information please visit
www.SEDAR.com
under the company's profile. Website:
www.desertgold.ca
Contact
Jared Scharf, President and CEO
Email:
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 number 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, liquidity 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 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.
* Figure 1 disclosure
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