{kanada_flagge}Desert Gold Ventures Inc. (TSXV: DAU, FRA: QXR2, OTC: DAUGF) has been rewarded for its courage to think outside the box. Step-out drilling more than one kilometer north of the known Main Zone on the Gourbassi West project has seen Desert Gold’s team successively discover 1.13 g/t gold over 42 meters (FR 21 AC-016), 1.12 g/t gold over 33 meters (FR 21 AC-017) and 1.06 g/t gold over 29 meters (FR 21 AC-015) in three drill holes along a grid. The estimated thickness of the intersected intervals totals 94 metres over an area 125 metres wide. (Figures 1 and 2)
With the new discovery, the potential gold-bearing target corridor at Gourbassi West has doubled overnight. In a best-case scenario, gold mineralization at Gourbassi West could extend for as much as four kilometers. This is because the results of further step out drilling, drilled another 500 meters north of the discovery now made, are still pending. Either way, Gourbassi West has reached a new dimension and is likely to be one of Desert Gold’s focal points in the future. The project is part of Desert Gold’s 440 km² SMSZ gold project in western Mali. The drill results now are part of a large-scale exploration program on various sub-projects. In total, Desert Gold has drilled more than 18,000 meters of drill holes this season. Only about one-third of the results have been released to date.
Figure 1: Gourbassi West is located in the southwest corner of the 440 km² SMSZ Gold Project. In total, Desert Gold has drilled 26 drill holes totaling 2,421 meters at Gourbassi West this season.
Figure 2: The new discovery is located more than 1.5 kilometers north of the previously known main mineralization at Gourbassi West. The successful drill holes intersected mineralized intervals over a width of only 125 meters with an estimated thickness of 94 meters. The zone is open in all directions.
Jared Scharf, President & CEO of Desert Gold, stated, “Our drill hole success in 2021 clearly confirms the exceptional exploration potential of our SMSZ project. Through drilling, we have both expanded existing gold zones and discovered new zones, such as our recent Gourbassi West North discovery. The primary objective of our 2022 drill campaign will be to aggressively expand these zones through additional drilling. We look forward to returning to the field as soon as possible.”
Desert Gold completed the largest drill program in its history from January to July 2021, with 257 holes and 18,161 meters. Through the acquisition of the Kolomba concession in the southeast corner of the SMSZ project, Desert Gold has acquired rich historical drill data from more than 32,000 meters of drilling, which is currently being re-evaluated.
Conclusion: Desert Gold has delivered drill results in abundance over the past few weeks, making it difficult to weigh the results in aggregate, all the more so as more than half of the results are still pending. All the more important are successes like now at Gourbassi West. The discovery impressively demonstrates the huge potential that even individual zones on the ~440 km2 SMSZ project can have. Desert Gold has secured a 43 km section of the Senegal-Mali shear zone. This zone has produced five major gold mines located both north and south along strike, including B2 Gold’s Fekola mine, Barrick’s Gounkoto and Loulo mines, and AngloGold Ashanti/Iamgold’s (now Allied Gold) Sadiola and Yatela mines. As the only non-producer, Desert Gold owns one of the largest contiguous land packages with extremely promising structural features. In due course, one of its neighbors is likely to secure this prime location. For Desert Gold, the key is to convincingly demonstrate the potential of its project. Currently, CEO Jared Scharf is working on a first resource estimate
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