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Desert Gold Preliminary Economic Assessment ("PEA") Progress Update for SMSZ Project in West Mali, Africa
Highlights: An initial resource estimate will be prepared for Gourbassi West North Assay r...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"\nDesert Gold Preliminary Economic Assessment (\"PEA\") Progress Update for SMSZ Project in West Mali, AfricaHighlights:An initial resource estimate will be prepared for Gourbassi West NorthAssay results from recently completed drilling include 3.54 g/t Au over 10.15 metres at Barani East and 6.62 g/t Au over 12 metres at Gourbassi West***Surrey, British Columbia--(Newsfile Corp. - August 1, 2024) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (\"Desert Gold\" or \"the Company\") is pleased to provide an update to its Preliminary Economic Assessment (\"PEA\") on its SMSZ Project in western Mali, West Africa. Assay results have been received from the 12 metallurgical drill holes. Three, approximately 220 kg composite metallurgical samples have been sent to a metallurgical lab in South Africa and a drone elevation and photo mosaic survey has been flown over the three potential mining areas.Desert Gold's CEO, Jared Scharf, commented: \"I'm very pleased with the progress regarding our PEA. We got some nice surprises from the metallurgical holes with several unexpected zone extensions and higher grades than expected at some parts of the Barani East Zone. The possible addition of a new resource at Gourbassi West North could further enhance project economics as we move forward to complete the PEA as soon as possible. We look forward to providing additional guidance soon.\" Summarized assay composites are presented below from the recently completed drill program (true widths are 70% to 90% of drilled length):Barani East BE-MET2 - 2.61 g/t Au over 14 metres from 41 metres - oxideBE-MET3 - 3.54 g/t Au over 10.15 metres from 123.5 metres - oxideBE-MET4 - 0.72 g/t Au over 4.5 metres from 69.5 metres - oxide, 1.5 metres of core missing from zoneBE-MET4 - 1.32 g/t Au over 13.5 metres from 79 meters - oxide, extra mineralizationBE-MET5 - 0.65 g/t Au over 8.45 metres from 67 metres - oxideBE-MET5 - 1.05 g/t Au over 6.0 metres from 104 metres - oxide/transition, extra mineralizationBE-MET6 - 0.97 g/t Au over 5 metres from 20 metres - oxideGourbassi West NorthFR-MET5 - 0.72 g/t Au over 21.9 metres from 3.4 metres - transitionFR-MET5 - 1.18 g/t Au over 24.6 metres from 35.4 metres - fresh rockFR-MET6 - 0.70 g/t Au over 8.5 metres from 6.0 metres- transitionFR-MET6 - 1.84 g/t Au over 23.5 metres from 17 metres - mostly fres...