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Desert Gold Provides Corporate and Exploration Update; 20,000 Metres of Drilling in Progress - SMSZ Project, West Mali
Delta, British Columbia--(Newsfile Corp. - February 24, 2021) - Desert Gold Ventures Inc. (T...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold Provides Corporate and Exploration Update; 20,000 Metres of Drilling in Progress - SMSZ Project, West MaliDelta, British Columbia--(Newsfile Corp. - February 24, 2021) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) (the \"Company\") is pleased to provide an update on the Company's largest exploration program to date at its flagship Senegal Mali Shear Zone project in Western Mali (the \"SMSZ Project\"). The 410 km2 SMSZ Project is both named after and overlies a 38 km section of the prolific Senegal Mali Shear Zone (the \"SMSZ\"). The SMSZ is related to 5 large mines located both to the north and south, along strike of the Company's SMSZ Project, including B2 Gold's Fekola Mine, Barrick's Gounkoto and Loulo Mines and Allied Gold's Sadiola and Yatela Mines[1]. To the Company's knowledge, the SMSZ Project is the largest, contiguous, non-producer land package over this highly prospective structural feature (see Figure 1.).Field work recommenced at the SMSZ Project in early December, 2020. The goal of the exploration program is to develop/discover a stand-alone Tier 1 gold deposit(s). Exploration comprises drilling to advance known gold zones and soil, auger and IP surveys to identify new targets, with real-time follow-up of drill testing of newly developed targets. The SMSZ exploration program is fully underway with one multipurpose drill, three auger drills, a geological mapping team and a couple of soil sampling teams. Geophysical surveys have been completed.SMSZ Project Exploration Progress to Feb 21, 2021Drilling - 6% completeThree core holes, totaling approximately 825 metres completed at Gourbassi East and West. RC drilling has commenced at Gourbassi West with 310 metres completed in three holes. Drilling will progress through property from West to East to North. All three core holes were extended by the drill geologists to cover potentially gold-bearing alteration zones.Drilling pace expected to materially increase with move from diamond to RC drilling.Auger Drilling - 49 % complete9,248 metres drilling in 1,087 holes.Two rigs active.IP Geophysical Surveys - 100% complete90.8 line kilometres completed. Historic and new IP data have been merged.Soil Sampling - 56% complete3,962 samples taken.Mapping and prospecting ongoingCommunity Support Program InitiatedFunding from Desert Gold and major c...