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Desert Gold Completes Initial 72 Hole Drill Program
Delta, British Columbia--(Newsfile Corp. - January 29, 2020) - Desert Gold Ventures Inc. (TS...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold Completes Initial 72 Hole Drill ProgramAssay Results Expected in the Next Two to Four WeeksDelta, British Columbia--(Newsfile Corp. - January 29, 2020) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) (\"Desert Gold\" or \"the Company\") is pleased to announce the completion of a 74-hole drill program over the Company's SMSZ Project in Western Mali, near the border with Senegal. The ~400 km2 SMSZ Project is both named after and overlies a 38 km section of the Senegal Mali Shear Zone (see Figure 1), which is related to 5 large mines located both to the north and south, along strike, including B2 Gold's Fekola Mine, Barrick's Gounkoto and Loulo Mines and AngloGold Ashanti/Iamgold's Sadiola and Yatela Mines1. To the Company's knowledge, the SMSZ Project is the largest contiguous, non-producer land package over this very prospective structural feature.The drill hole program was completed in early January with 74 holes totalling 3,507 metres drilled. All holes targeted previously untested gold-in-auger anomalies, artisanal open pits, soil anomalies and IP geophysical anomalies. Two of the 74 holes, totalling 200 metres, were reverse circulation (\"RC\") holes with the remainder being air core (\"AC\") holes with targeted depths of 50 metres per hole. AC drilling is a cost-effective way to test targets in deeply weathered terrains and can be used in resource estimations if drilling is sampled in the same way as RC drilling. All samples have been in the laboratory for a couple of weeks with assay results starting to be received.Ongoing exploration and data review has resulted in an increase in the number of target areas from 47 to 59 (see Figure 2) and in the adjustment to some of the planned target and work areas.The recently completed program tested targets over target areas 16, 41, 45 and 56 (see Figure 2). All of the holes represent first pass testing of new targets. Follow-up drilling, at known previously drilled gold zones, material new discoveries and new targets, is expected to commence in Q1, 2020. A summary of the recently tested target areas follows:Target area 16 - 1,200 by 500 metre, laterite covered gold-in-auger targets in an area where three gold zones are interpreted to intersect. Target area 41 - previously untested 2,000 metre by 500 metre area of artisanal open pits to 150 metres lon...