Essentially 72 aircore holes completed in late December 2021 and early January 2022 were sufficient for these new findings. Top results returned intercepts of 30 meters at 1.94 g/t gold, 12 meters at 2.75 g/t gold, and 37 meters at 1.10 g/t gold, with the company estimating that the measured lengths represent approximately 65 percent of true width. As recently as Jan. 17, Desert Gold had released its Maiden resource of 1.07 million ounces, which included five sub-projects including Gourbassi West.
With recent drilling, Desert Gold has confirmed the strike extension of the known Gourbassi West gold deposit (Figure 1). Additional AC drilling and auger drilling are planned to test extensions of the Gourbassi West North zone and to delineate potential parallel mineralized structures. Also, deeper RC and core drilling will be needed to determine additional opportunities at depth.
Figure 1: Gourbassi West and Gourbassi West North might form a long contiguous gold corridor. With limited drilling, Desert Gold has confirmed gold mineralization at Gourbassi North West over 1.6 kilometers.
Jared Scharf, President & CEO of Desert Gold, stated, "The Gourbassi West North zone now has an indicative strike length of 1.6 kilometers, making it one of the longest and widest mineralized zones on the property. Combined with the gold anomalies in soil extending a further six kilometers to the north, this highlights the potential of this previously overlooked portion of the property. Gourbassi West North is just one of several priority targets the Company will be developing at SMSZ this season, which we believe underscores the tremendous potential of this regional project."
Figure 2: Aircore drill fence of the Gourbassi West North discovery - 1,487,560N. One of nine drill fences spaced 125 to 250 meters apart (see Figure 1).
Further steps in exploration
Based on the results to date, approximately 32 additional drill holes are planned. 16 holes will be used to extend the drill holes. Another 16 drill holes are planned as infill holes and to test extensions of the zone to the north (see Figure 1). A ground magnetic survey will be conducted prior to these drill holes to better define the north, northwest and northeast trending structures.
Figure 3: Does gold mineralization at Gourbassi West North continue northward, and if so, how? The map shows the four kilometer section where drilling has occurred. To the north, soil anomalies over a 6-kilometer length suggest that the gold corridor may continue.
Conclusion: Desert Gold could hardly have done better than the recent discovery of Gourbassi West North. With comparatively little effort and a minimal amount of investment capital, the company has revealed a new, clearly defined gold corridor of at least 1.6 kilometers in length. There is a likelihood that this structure could continue further north along the known major regional structure, the Main Transcurrent Zone. While this structure was known to cross the southwest of Deserts Gold's license, most exploration to date had tended to focus on the east side of the SMSZ project along the Senegal-Mali Shear Zone. There, in the southeast corner, lies the Mogoyafara project, among others, which hosts the largest single resource to date. In the best case Desert Gold has part in both regional large structures with the potential to host multiple million oz plus deposits all within a short distance from each other.
According to §34b WpHG (Germany) and according to Paragraph 48f Paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Desert Gold Ventures and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is the prospect of a consulting or other service contract between Desert Gold Ventures and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists.