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Desert Gold Starts 2023 Exploration Program at SMSZ Project in Western Mali
Delta, British Columbia--(Newsfile Corp. - February 13, 2023) - Desert Gold Ventures Inc. (TSXV...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold Starts 2023 Exploration Program at SMSZ Project in Western MaliDelta, British Columbia--(Newsfile Corp. - February 13, 2023) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the \"Company\") is pleased to announce the start of its auger drill program that will test high priority gold targets proximal to its 412,000* ounce gold Mogoyafara South Zone (\"Mogo South\") in western Mali. Mogo South is situated in the southeast corner of the SMSZ Project and lies proximal to the interpreted location of the Senegal Mali Shear Zone which is the dominant regional feature related to five active gold mines that produced in excess of 1.2 million ounces of gold* in 2022. The Mogo South zone is located in a structurally unique setting within a much larger area of soil, termite mound and artisanal workings gold anomalism. The goal of this auger program is to determine the extent to which the gold system at and around Mogo South can be expanded. Jared Scharf, President, and CEO, commented, \"The auger program at Mogo South is the first step in an attempt to answer one of the most important questions at the SMSZ Project; Does Mogo South have the potential to become a multi-million-ounce gold deposit consistent with the regional gold endowment proximal to the Senegal Mali Shear Zone?\"Desert Gold acquired Mogo South when it was granted the Kolomba concession in November 2021 (see Figure 4 for location). Previous work included 24,660 metres of drilling in 333 holes by Hyundai with most of the work last completed in 2003. The current open pit constrained mineral resource estimate comprises 412,800 ounces of gold grading 1.05 g/t gold (see news release Jan. 17, 2022). Desert Gold completed two RC holes, mapped and prospected the area and completed a detailed ground magnetic survey in 2022. The magnetic survey data indicates that the deposit area lies between two large scale shear zones with additional, highly prospective structures intersecting the southern part of the target area (see Figure 1). The interaction of these structures is interpreted to have created a scenario that may have supported the influx of gold-mineralized fluids into the Mogo South area.The Mogo South deposit has been traced over an area approximately 1.6 km by 0.8 km with the bulk of the drilling testing the zone at less than 100 metres deep (see ...