| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Desert Gold Ventures Inc. |
| Project name: | SMSZ |
| Location: | Mali |
| Commodities: | Gold |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Delta, British Columbia–(Newsfile Corp. – January 17, 2022) – Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the “Company”) is pleased to announce initial, pit-constrained Measured and Indicated Mineral Resources of 8.47 million tonnes grading 1.14 g/t Au totalling 310,300 ounces of gold and Inferred Mineral Resources of 20.7 million tonnes grading 1.16 g/t Au totalling 769,200 ounces of gold. Desert Gold’s initial Mineral Resource comprised pit constrained gold mineralization from five deposit areas all lying within a 12km radius of each other (Figure 1). A summary of the initial resources is presented below Desert Gold’s President & 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.” Other News The Company has completed its recently announced drill program over the exciting new discovery at Gourbassi North West |
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