Desert Gold's First Hole at Linnguekoto West Zone Returns 1.83 g/t Gold over 27.0* Metres and Barani East Zone Metallurgical Hole Returns 12.41 g/t Gold over 45 Metres**
Desert Gold's First Hole at Linnguekoto West
Zone Returns 1.83 g/t Gold over 27.0* Metres
and Barani East Zone Metallurgical Hole
Returns 12.41 g/t Gold over 45 Metres**
Delta, British Columbia--(Newsfile Corp. - July 18, 2022) -
Desert Gold Ventures Inc.
(TSXV: DAU)
(FSE: QXR2) (OTCQB: DAUGF) (the "Company") is pleased to announce results from the first RC/core
hole drilled to test the Linnguekoto West Deposit, a metallurgical hole drilled into the Barani East
Deposit and the first 2 holes drilled into the Mogoyafara South Deposit.
Desert Gold's President & CEO, Jared Scharf, commented, "I'm very pleased to have drilled our first
three holes at Mogoyafara South and Linngeukoto West. Drill results confirm and support the historic
drilling done by Hyundai circa 2002. Obviously much more drilling is needed at these deposits as they
have only been tested to shallow depths and are mostly open to depth and along strike to the North and
South. The metallurgical test hole at Barani East returned significantly higher grades than anticipated
which bodes well when or if mining is carried out in this area."
The Linnguekoto West Zone, which hosts inferred mineral resources of 66,200 ounces of gold in 1.39
million tonnes of gold mineralization grading 1.48 g/t gold
1
, is located in the south-central part of the
property (see Figure 5). One hole was drilled to acquire firsthand information as to the character of the
zone. This hole returned a best intercept of
1.83 g/t Au over 27* metres including 2.25 over 20.7
metres and 26.5 g/t Au over 1.0 metres
. As well, this hole returned
a new gold lens intercept of
0.61 g/t Au over 23.8 metres,
including 1.26 g/t gold over 5 metres and 0.64 g/t gold over 8.9 metres
(Figure 1). The zones are hosted by moderately to intensely fractured and quartz veined siltstones,
shales, limestone and micro-conglomerate (Figure 2). The Linnguekoto West Zone is interpreted to
represent a steep-dipping higher-grade structure flanked by a series of shallow-dipping, gold-bearing
dilational structures. More drilling is required to validate this model.
*
True width is estimated at 13 metres
**
True width unknown
1
March 3, NI-43-101 compliant report (NI 43-101 Technical Report on the SMSZ Project, Mali, Mineral Resource Report" with an effective date of
January 12, 2022
)
Figure 1.
Cross-section Linnguekoto West Zone
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Figure 2.
Core from Linnguekoto West hole KO-22-RCD-001 showing quartz vein healed, fractured
siltstone and shale
* Estimated true thickness 13 metres
** Estimated true thickness unknown as hole was drilled down dip for collection of metallurgical samples
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The Barani East metallurgical hole returned higher than expected grades returning 12.41 g/t gold over 45
metres (true width is unknown - see Figure 3). Nearby holes, that intersected the zone returned 7.82 g/t
gold over 13 metres, 5.66 g/t gold over 16 metres and 1.5 g/t gold over 25 metres and 1.58 g/t gold over
7 metres. (True width in these holes is estimated at 80-90% of drilled length). The goal for this hole was
to collect enough oxidized mineralization in one hole for a series of metallurgical and geotechnical tests
and as a result was drilled mostly down dip. Core from this hole will be used to evaluate the gravity gold,
heap leach and geotechnical characteristics of the oxidized upper portion of the Barani East Zone (see
Figure 5 for location of the zone). Previous metallurgical work estimates gravity gold recoveries up to
64% with typical CN leach recoveries, together totalling up to 98.6%.
Figure 3.
Section Barani East metallurgical hole MET-001
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The final 2 holes of the program began the testing of the Mogoyafara South Zone (see Figure 5 for
location) with two pit areas tested with holes approximately 800 metres apart. Gold mineralized zones
were intersected where expected with better than expected widths of mineralization in hole KO-22-RC-
001 with an intercept of 0.75 g/t Au over 17 metres (true widths estimated to be 88% of drilled width -
Figure 4). Based on holes, 25 metres on either side, an 8-10 metre wide zone was expected (see
Figure 4). Most of the gold mineralization in this hole is hosted by felsic intrusion. Less mineralization
than expected was intersected in hole KO-22-RC-002. This hole, however, ended in gold mineralization,
suggesting that the gold-bearing system is still open to depth. A significant amount of drilling is still
required both to validate and test for zone extensions.
Figure 4.
Mogoyafara South Zone. Cross section new hole KO-22-RC-001
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Figure 5.
Plan Map Mineral Deposits and Zones, significant drill hole intercepts*, soil geochem
summary on color-contoured analytical signal; magnetic data
*All gold grades over width, with the exception of the Soa, Berola and Gourbassi prospects, represent drill holes with the true widths, for most
holes, ranging from 65 to 95%. Estimated true widths for the Soa and Berola prospects are unknown. Estimated true widths at the Gourbassi Zones
are estimated to range from 60% to 90%.
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Next Steps
Wire framing of the GWN lenses is in progress with a goal to plan additional drill holes and update the
resource estimate. Auger and additional AC holes to the north and east of the Gourbassi West North
Zone, as well as follow-up to 2021 drill and auger results, which were not completed during the recent
program, still need to be drilled. A highlight summary of the 2021 high priority targets requiring follow-up
include the following:
Sola
- 2.04 g/t gold over 30 metres
Kamana
- 1.80 g/t gold over 17 metres
Manakoto
- 1.65 g/t gold over 21 metres
Sorokoto South
- 2.68 g/t gold over 6 metres
Frikidi
- gold in auger values of 8,650, 3,100, 2.370, 462 and 440 ppb gold
A detailed review of the metallurgy and mineability of the oxide gold resources, with a start at the higher-
grade Barani East Deposit, is in progress.
A follow-up drill program is being designed for the Gourbassi West North, Mogoyafara South and
Linnguekoto West deposits.
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 22 to 30 samples, respectively equaling one control
sample for every approximately every 8 assay samples. All assay batches are reviewed for quality with
re-assays requested 20 samples on either side of standards that assay more than 2 to 3 SD from an
excepted value and for blanks that contain more than 10 ppb gold.
Ashanti Gold drill results QAQC Procedures for the Gourbassi East and West Zones
Certified Reference Materials and Blanks were inserted into the sample stream at the rate of 1:20
samples.
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 assay with atomic
absorption finish.
SGS does their own introduction of QA/QC samples into the sample stream and
reports them to Ashanti for double checking.
Higher grade samples are reanalyzed from pulp or reject
material or both.
Hyundai QAQC Procedures
Desert Gold does not have any information regarding Hyundai's QAQC procedures at the Linnegukoto
West Zone. However, based on follow-up of historic drill results in the Barani Area indicates an
acceptable level of accuracy.
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 both Qualified Persons under National Instrument 43-101, have
reviewed and approved the scientific and technical information contained in this press release.
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 permits in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central
Rwanda. In Mali, Desert Gold's SMSZ property hosts 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
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.
Contact
Jared Scharf, President and CEO
Email:
Tel. No.: +1 (858) 247-8195
Table 1. Summary of Significant Assays
BHID
FROM (m)
TO (m)
LENGTH (m)
Au_g/t
KO-22-RC-001
8
14
6
0.34
Incl.
12
13
1
0.60
KO-22-RC-001
32
71
39
0.45
Incl.
53
70
17
0.75
KO-22-RC-001
74
94
20
0.31
Incl.
79
88
9
0.53
KO-22-RC-002
81
82
1
0.79
KO-22-RC-002
110
117
7
0.30
Incl.
113
114
1
1.21
KO-22-RC-002
124
141
17
0.28
KO-22-RC-002
133
135
2
0.65
KO-22-RC-002
144
150
6
0.29
KO-22-RCD-001
48
59
11
0.33
Incl.
54
57
3
0.61
KO-22-RCD-001
67
68
1
0.62
KO-22-RCD-001
90
98.9
8.9
0.64
KO-22-RCD-001
103.8
130.8
27.0
1.83
Incl.
112
113
1.0
26.5
KO-22-RCD-001
132.5
141.25
8.75
0.26
KO-22-RCD-001
152
153.6
1.6
0.13
KO-22-RCD-001
156.3
180
23.7
0.61
Incl.
174
179
5
1.26
BE-22-MET-001
0.5
45.5
45
12.4
Incl.
21.5
33.5
12
29.75
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