Business
Desert Gold Reports Measured and Indicated Mineral Resources of 310,300 Ounces of Gold and Inferred Mineral Resources of 769,200 Ounces of Gold at SMSZ Project, West Mali
Delta, British Columbia--(Newsfile Corp. - January 17, 2022) - Desert Gold Ventures Inc. ...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold Reports Measured and Indicated Mineral Resources of 310,300 Ounces of Gold and Inferred Mineral Resources of 769,200 Ounces of Gold at SMSZ Project, West MaliDelta, British Columbia--(Newsfile Corp. - January 17, 2022) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the \"Company\") is pleased to announce initial, pit-constrained Measured and Indicated Mineral Resources of 8.47 million tonnes grading 1.14 g/t Au totalling 310,300 ounces of gold and Inferred Mineral Resources of 20.7 million tonnes grading 1.16 g/t Au totalling 769,200 ounces of gold.Desert Gold's initial Mineral Resource comprised pit constrained gold mineralization from five deposit areas all lying within a 12km radius of each other (Figure 1). A summary of the initial resources is presented below.Table 1. Mineral Estimate Resource SummaryResource CategoryTonnesg/t GoldOuncesMeasured2,380,0001.2897,800Indicated6,090,0001.08212,600Measured and Indicated8,470,0001.14310,300Inferred20,700,0001.16769,200 1. The effective date of the Mineral Resource Estimate is January 12, 2022.2. Mineral Resources are reported in accordance with the CIM guidelines.3. A marginal COG of 0.40 g/t Au for all material is applied.4. Mineral Resources were estimated at a gold price of US$1,800/oz, mining cost including G&A at $11/t, mining costs ranging from $2.25 to $2,75/tonne, process recoveries of 92% and slope angles from 45 to 50 degrees.5. Figures have been rounded to an appropriate level of precision for the reporting of Mineral Resources.6. Due to rounding, some columns or rows might not add up exactly as shown.7. The Mineral Resources are stated as dry tonnes. All figures are in metric tonnes.8. The in-situ ounces are in troy ounces.Desert Gold's President & CEO Jared Scharf commented, \"The publication of this initial Mineral Resource is a significant milestone for the Company and represents a great starting point. We believe, that with more drilling, the Company will be able to significantly expand on these resources and develop new resource areas like the Gourbassi North West discovery. We expect a busy 2022 as we work towards a 20,000 metre plus drill program with high expectations of the results.\"Other NewsThe Company has completed its recently announced drill program over the exciting new discovery at Gourbassi North West...