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Desert Gold is Granted Commercial Gold Exploitation License at its Byumba Permit in Northern Rwanda
SURREY, BC / ACCESSWIRE / January 4, 2017 / Desert Gold Ventures Inc. (TSX-V: DAU) (FRA: QXR...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold is Granted Commercial Gold Exploitation License at its Byumba Permit in Northern RwandaSURREY, BC / ACCESSWIRE / January 4, 2017 / Desert Gold Ventures Inc. (TSX-V: DAU) (FRA: QXR2) (OTC PINK: DAUGF) (\"Desert Gold\" and or \"the Company\") today announced a major step forward in the development of the Company's Byumba Gold project in Northern Rwanda. In Q1 of 2016, the Company applied for a commercial mining license at its Byumba gold deposit. Along with the mining license application, the Company submitted a Plan of Operation (\"PLO\") to the Rwandan Ministry of Natural Resources (\"MINIRENA\"). The Company is pleased to announce that MINIRENA, in co-operation with the State Department of Geology and Mines (\"DNGM\"), has accepted the Company's proposal and on December 13, 2016 issued Desert Gold a commercial gold mining license. \nDetails of Mining License Application\n\n\n\n The new title under the exploitation license will be named Rutare\n The mining license is valid for a period of 10 years with an option to renew\n The Rutare permit covers a 375 hectare block (as shown in map below) and encompasses the entire gold prospect\n The Rutare permit is located a two hour drive from the capital Kigali accessible by paved highway\n\n \nRutare Exploitation License Boundary Map\nImage: https://www.accesswire.com/uploads/DesertGold1.jpg\nCannot view this image? Please visit https://www.accesswire.com/uploads/DesertGold1.jpg\nTable 1 sets out the Company's mineral resource estimate prepared in accordance with National Instrument 43-101 (\"NI 43-101\") which shows ore tonnage of approximately 5.5 million tons at an average grade of 1.48 g/t of gold for a total resource of 265,000 oz Au using a cut off grade of 0.5 g/t Au.\nSummary of Mineral Resource Estimates Prepared in Accordance with NI 43-101\nImage: https://www.accesswire.com/uploads/DesertGold2.jpg\nCannot view this image? Please visit https://www.accesswire.com/uploads/DesertGold2.jpg\nNotes to Mineral Resource Estimate:\n\n\n\n The effective date of the Byumba mineral resource estimate is January 11, 2010.\n Mineral resources that are not mineral reserves do not have demonstrated economic viability. Due to the uncertainty of measured, indicated or inferred mineral resources, these mineral resources may never be upgraded to proven and probable mineral reserves.\n\n...