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Desert Gold Announces Renewal of Its Djimbala Permit in Western Mali
SURREY, BC / ACCESSWIRE / January 20, 2017 / DESERT GOLD VENTURES INC. (TSX-V: DAU) (FSE...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold Announces Renewal of Its Djimbala Permit in Western MaliSURREY, BC / ACCESSWIRE / January 20, 2017 / DESERT GOLD VENTURES INC. (TSX-V: DAU) (FSE: QXR2) (OTC PINK: DAUGF) (\"Desert Gold\" or the \"Company\") is pleased to announce the successful renewal of the Company's Djimbala Gold permit in western Mali. The permit is now valid until December 21, 2018. \nThe Djimbala permit is situated in the Yanfolila Gold Belt in an area that hosts regional scale fundamental structures. These structures are essential in the formation of gold deposits in West Africa and make the whole permit highly prospective for the discovery of significant gold resources.\n \nImage: https://www.accesswire.com/uploads/24631_map1.jpg\n Cannot view this image? Please visit [http://www.accesswire.com/uploads/24631_a1484861749199_65.jpg] to view this image\nThe prospect is located 30km north of the Kordieran Project, 40 km north of Avnel Gold's Kalana Mine and adjacent to Gold Field's Komana Project. \nThe conceptual target on the strategic Djimbala project is orogenic-style gold mineralization, similar to gold mines and other projects in the Yanfolila Gold Belt. A number of prospects surround the permit and the structures hosting the Faliko (Gold Fields), Salona (Gold Fields), and Niechilela (Gold Fields) prospects extend into the Djimbala permit. The project has artisanal gold workings in altered sedimentary host rock and in elluvial deposits. Seven of the artisanal workings occur within the sampled area. The sampling program covers the first of 4 areas prioritized for follow-up exploration. A total of 1,120 surface soil samples were collected in the first phase of sampling on Djimbala. The sample lines are oriented north-south and spaced 200 meters apart. Samples were collected every 50 meters along these lines, and at an average depth of 30 centimeters.\nThe sampling highlights a strong correlation between anomalous gold values and geological structures identified on aeromagnetic maps. 9 exploration targets were identified on the grid. Please refer to the geochemistry map below. 3 Samples analyzed over 1 gram per tonne of gold with the highest gold value being 22.6 grams per tonne. The table below summarizes the distribution of gold values. \n\n \n \n Number of samples\n Gold Assay Values (ppb)\n \n \n 539\n <10\n \n \n 499\n 10 to 29\n \n \n...