Desert Gold's GWN Zone Returns More Positive Drill Intercepts Including 1.91 g/t Gold over 32*metres with up to 5 Lenses of Gold Mineralization Defined Along a Strike Length of 1.6 km to a Depth of 175 Metres The GWN Zone remains Open to Depth and along Strike to the
Desert Gold's GWN Zone Returns More
Positive Drill Intercepts Including 1.91 g/t Gold
over 32*metres with up to 5 Lenses of Gold
Mineralization Defined Along a Strike Length
of 1.6 km to a Depth of 175 Metres
The GWN Zone remains Open to Depth and along Strike to the
South
Delta, British Columbia--(Newsfile Corp. - June 30, 2022) -
Desert Gold Ventures Inc.
(TSXV: DAU)
(FSE: QXR2) (OTCQB: DAUGF) (the "Company") is pleased to announce results from 13 RC holes and
78 AC holes drilled to test the depth, strike extent and continuity of the Gourbassi West North Zone at the
Company's SMSZ Project in Western Mali. All RC holes intersected significant amounts of gold
mineralization with a highlight intercept of 1.91 g/t gold over 32* metres.
The Gourbassi West Zone has been traced for 1,600 metres along strike and to 175 metres depth. Up to
five lenses of gold mineralization have been modelled with the GWN-A Lens the most continuous and
best developed. Highlight drill results from this part of the program include the following:
RC-049
-
1.91 g/t gold over 32.0
metres *- A Lens
AC-172
- 1.02 g/t gold over 49 metres* - A Lens
RC-050
- 1.02 g/t gold over 44 metres* - A Lens
RC-052
- 0.79 g/t gold over 47 metres* - A Lens
RC-048
- 0.68 g/t gold over 51 metres*- A Lens
RC-049
- 0.60 g/t gold over 48 metres* - C Lens
AC-171
- 0.97 g/t gold over 29 metres* - Lens B
AC-138
- 0.69 g/t gold over 33 metres* (hole ended in mineralization) - Lens A
RC-042
- 0.95 g/t gold over 22 metres* - A Lens
RC-050
- 0.93 g/t gold over 22 metres* - Lens C
AC-136
- 0.56 g/t gold over 35 metres** (hole ended in mineralization) - A Lens
RC-053
- 0.54 g/t gold over 34 metres* - A Lens
AC-170
- 0.82 g/t gold over 21 metres* - B Lens
RC-043
- 0.74 g/t gold over 20 metres* - A Lens
RC-054
- 0.56 g/t gold over 25 metres* -- A Lens
AC-070
- 0.50 g/t gold over 26 metres* (hole ended in mineralization) - A Lens
RC-053
- 0.41 g/t gold over 29 metres* - B Lens
AC-069
- 0.59 g/t golf over 19 metres* - A Lens
*
True widths are estimated at 65 % of drill widths
Jared Scharf, President and CEO commented "Our recent drilling continues to return numerous, wide
intercepts of gold mineralization along a 1.6 km long zone with up to 5 lenses of gold mineralization
encountered along a 130-metre-wide corridor.
This recently defined gold system, which is not part of our
current resource, shows the tremendous gold endowment of the region and the potential for resource
expansion and additional discoveries at the SMSZ Project."
Technical Details
The Gourbassi West North (GWN) Zone, which was discovered in July 2021, lies near the west side of
the SMSZ property package (Figure 4). Drilling has identified up to five lenses of gold mineralization with
one lens GWN-A, having the best continuity along a 1,600 metre strike (see Figure 1). Lenses D and E
are not well defined and more drilling is required to determine their extent.
In 2022, a total of 94 holes totalling 4,372.5 metres of drilling have been completed over the GWN Zone
including 3 core holes totalling 605.5 metres, 14 RC holes totalling 1,854 metres and 78 AC holes
totalling 2,066 metres (see Figure 1 for drilling plan view). These holes were designed to test the extent
of the GWN Zone for 1,800 metres along strike to a depth of 175 metres. The widest gold zones occur
proximal to the west side of a rotated portion of a fault zone and silicified hydrothermal breccia.
Mineralization generally dips steeply to the west, but hole FR-DD-22-009 suggests that locally the
mineralization may also dip to the east. An updated section of the central, strongest part of the GWN
zone is presented in Figure 2. Individual assays range up to 8.68 g/t Au over 0.4 metres in the strongest
part of the GWN-A lens. Please refer to Table 1. at the end of this press release for a summary of
significant drill intercepts.
A long section of the GWN-A Lens displays an approximate 350-metre-long, higher grade and width
portion of the lens with extensions to the north and south (Figure 3). Results to date show that AC holes
have closed off the zone to the north, but the zone is still open to the south towards the Gourbassi West
Deposit. Overall, the system, especially the GWN-A Lens, is still open to depth below the deepest
intercept at 175 metres vertical from surface.
Figure 1. Plan view Gourbassi West North Zone and Gourbassi West summarized drill results and
completed drilling
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4954/129520_7c368670b46b58e0_001full.jpg
Figure 2. Cross-section 1487775 N, Gourbassi West North Zone
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4954/129520_7c368670b46b58e0_002full.jpg
Figure 3. Long section GWN-A Lens
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4954/129520_7c368670b46b58e0_003full.jpg
The mineralized zones are dominantly hosted by micro-conglomerate. Lesser amounts of conglomerate,
limestone and shale have also been noted. Alteration consists of disseminated to veinlet pyrite and local
disseminated arsenopyrite in a weakly to moderately sericitized and silicified conglomerate. Quartz
pyrite veinlets vary from banded (see Figure 4) to non-banded.
Figure 4 - Mineralized micro-conglomerate in hole DD-009 - 167.76 to 168.06 -part of 0.70 metre
sample that returned 2.4 g/t gold
To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/4954/129520_7c368670b46b58e0_004full.jpg
Several samples of GWN Zone fresh rock have been selected for timed leach analysis as part of an
initial metallurgical study of the GWN Zone. This work will be carried out by SGS Ouagadougou once the
samples have been forwarded from Bamako.
Assays are pending for the two holes drilled at Mogoyafara South (Inferred Mineral Resources of
412,800 ounces of gold at 1.08 g/t gold), the one RC/DD hole drilled to test the Linneguekoto West zone
(Inferred mineral resource of 66,200 ounces at 1.48 g/t gold) and for the metallurgical hole drilled at
Barani East (Measured and Indicated mineral resources of 91,200 ounces of gold grading 1.90 g/t gold
and Inferred mineral resources of 133,900 ounces of gold grading 1.54 g/t gold). Mineral resource
estimates were presented in a news release on January 17, 2022.
Figure 5. Plan Map Mineral Deposits and Zones, significant drill hole intercepts*, soil geochem summary
on color-contoured analytical signal; magnetic data
To view an enhanced version of Figure 5, please visit:
https://orders.newsfilecorp.com/files/4954/129520_7c368670b46b58e0_005full.jpg
*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%.
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
Another high priority target lies approximately 2,400 metres to the northwest of the Gourbassi West
North Zone and is believed to be another Gourbassi West North like target. This area requires drill
testing.
Five composite samples including two from the Gourbassi West North, one from the Linnguekoto West
and two from the Mogoyafara South Zones will be subjected to timed bottle roll analysis to determine
preliminary cyanide leach gold recoveries.
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.
Once assay results for the Mogoyafara South and Linnguekoto West deposits have been received and
evaluated, a follow-up program will be designed.
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
Follow us on Twitter @DesertGoldVentr
Table 1. Summary of Significant GWN Drill results
Hole #
FROM
(m)
TO
(m)
LENGTH
(m)*
Au_g/t
FR-22-AC-117
13
31
18
0.49
FR-22-AC-131
36
40
4
0.85
FR-22-AC-132
10
22
12
0.64
FR-22-AC-136
1
35
34
0.56
FR-22-AC-136
16
20
4
1.31
FR-22-AC-136
23
30
7
1.22
FR-22-AC-137
0
33
33
0.69
FR-22-AC-138
0
9
9
0.88