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Desert Gold reports maiden 1.1Moz gold resources at its SMSZ project in Mali

Vladimir Basov

Kitco News

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(Kitco News) - Desert Gold Ventures (TSX.V: DAU) today announced initial, pit-constrained Measured and Indicated Mineral Resources of 310,300 ounces of gold and Inferred Mineral Resources of 769,200 ounces of gold at its SMSZ project in West Mali.

Desert Gold said that initial Mineral Resources comprised pit constrained gold mineralization from five deposit areas, including, in order of size, Mogoyafara South, Barani East, Gourbassi West, Gourbassi East and Linneguekoto West.

Importantly, the company added that drill results for a recent 72 hole, 2,890 metre drill program, that tested the new, Gourbassi West North Zone are pending, with follow-up drilling is planned pending results.

Desert Gold noted it also plans an additional exploration program consisting of approximately 17,000 metres of drilling that will be carried out subject to financing.

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President and CEO Jared Scharf commented, “The publication of this initial Mineral Resource is a significant milestone for the company and represents a great starting point. We believe that with more drilling, the company will be able to significantly expand on these resources and develop new resource areas like the Gourbassi North West discovery. We expect a busy 2022 as we work towards a 20,000 metre plus drill program with high expectations of the results.”

Desert Gold Ventures is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala) and owns the Rutare gold project in central Rwanda.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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