{kanada_flagge}A drill program can hardly get off to a better start than the 124 meters of continuous gold mineralization, averaging 1.08 g/t gold, that Canadian explorer Desert Gold Ventures (TSXV DAU / FRA QXR2) reports today from its SMSZ project in Mali!
The hole, one of three drilled to date at the Gourbassi West North target, also intersected as much as 1.85 g/t gold within the broader interval over 41 meters. Added to this was another – continuous – 30.6 meters of 0.7 g/t gold!
Gourbassi West North, an open, 1.6 kilometer long zone and Desert Gold’s most recent discovery, had previously only been tested to a depth of 35 meters. With the new drilling, however, the company has now proven gold mineralization to a depth of at least 175 meters!
Other highlights from the three holes included 1.35 g/t gold over 43.1 metres, including 13 metres of 1.66 g/t gold, as well as 0.53 g/t gold over 8.2 metres and 0.74 g/t gold over 21.0 metres. Desert Gold has completed an additional 14 Reverse Circulation holes and 78 so-called Aircore holes in the Gourbassi West North zone, but most of these results are not yet available. Thus, further significant drill results could follow in the near future.
Desert Gold is hitting significant, extremely thick mineralization intercepts starting at or near surface with all three initial holes at Gourbassi West North, indicating real potential to delineate a significant gold deposit with good economics. And, as CEO Jared Scharf also pointed out, drill hole DD009 encountered a total of about 160 meters of continuous gold mineralization! This highly successful start to the new drill program is all the more encouraging as it is a new discovery in a part of the SMSZ property that had not been explored before. Scharf added that this gives Gourbassi West North the potential to significantly increase the project’s existing resources (which currently stand at around 1.08 million ounces of gold), should further exploration of this target also prove successful!
Currently, the drill rig is already on a target at Linneguekoto West (Inferred Mineral Resource of 66,200 ounces at 1.48 g/t gold), while at Mogoyafara South (Inferred Mineral Resources of 412. 800 ounces of gold at 1.08 g/t gold) and 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) some drilling has already been completed. So further news flow is provided for.
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