Business
Desert Gold SMSZ Project Exploration Success at Manakoto and Barani Areas, Western Mali; Drill Intercepts Include 1.65 g/t Gold over 21 Metres
Delta, British Columbia--(Newsfile Corp. - October 13, 2021) - Desert Gold Ventures Inc. (T...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold SMSZ Project Exploration Success at Manakoto and Barani Areas, Western Mali; Drill Intercepts Include 1.65 g/t Gold over 21 MetresDelta, British Columbia--(Newsfile Corp. - October 13, 2021) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the \"Company\") is pleased to provide initial results from its recently completed 257 hole, 18,161 metre drill program. As of October 7, results for approximately 2,700 samples or 14% of the 19,861 drill samples, are pending. Based on the lab's schedule, the Company anticipates receiving results for most samples by mid October. The 440 km2 SMSZ Project is both named after and overlies a 43 km section of the Senegal Mali Shear Zone (the \"SMSZ\"). The SMSZ 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 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.).The Company's goal is to discover a tier 1 gold deposit associated with the regional-scale, gold-bearing fault and shear zones that pass through the SMSZ Project. Exploration at the SMSZ Project has discovered in excess of 22 gold zones with 2021 exploration data strongly suggesting that more will be discovered.A complete set of results have been received for drilling in two areas including the Manakoto and Barani East/Barani Gap areas. Drilling at Manakoto returned anomalous to strong gold values across eight, partially to well-defined structures, in the first pass drill program, with intercepts of up to 1.65 g/t gold over 21 meters (see Figure 2) and five wide, 10 metres or greater (to 45 metres) zones of gold bearing alteration (0.1 to 0.5 g/t gold). The Manakoto area is highlighted by a historic drill intercept to 1.84 g/t gold over 30 metres and numerous, anomalous Au-in-auger defined trends. This structurally complex area, which lies where the Senegal Mali Shear Zone makes a sharp northwest directional change, remains a high priority exploration target.Good grade, but, narrow gold zones were intersected at the north end and to depth near the southern extent of the Barani East zone. As well, 2021 drilling to follow-up drill step outs from 2019 holes that r...