Business
Desert Gold Starts Phase 2 Drill Program At SMSZ Project, West Mali
Delta, British Columbia--(Newsfile Corp. - May 26, 2020) - Desert Gold Ventures Inc. (TSXV: ...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Desert Gold Starts Phase 2 Drill Program At SMSZ Project, West MaliFollow-up of 3.52 g/t Gold over 33 Metres(2) and 6.26 g/t Gold over 13 Metres(3)Delta, British Columbia--(Newsfile Corp. - May 26, 2020) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) (the \"Company\") is pleased to announce that it has commenced phase 2 of its exploration program on its Senegal Mali Shear Zone project in Western Mali (the \"SMSZ Project\"). The 394 km2 SMSZ Project is both named after, and, overlies a 38 km section of the Senegal Mali Shear Zone (see Figures 1 and 2), which 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 AngloGold Ashanti/Iamgold's Sadiola and Yatela Mines1. To the Company's knowledge, the SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature.Phase 2 Exploration ProgramThe planned program will be split between mining camp-scale conceptual targets and high value drill targets that have already been defined. The bulk of the conceptual targeting comprises approximately 10,000 metres of auger drilling on wide-spaced drill fences (1.7 to 4.7 km apart) that will test below laterite-covered areas, with a focus proximal to the east side of the Senegal Mali Shear Zone, where regionally, the largest gold deposits have been discovered, including Fekola, Gounkoto, Loulo, to the south along strike, and Sadiola, to the north along strike (see Figure 1). Additional auger holes will test for extensions to gold-bearing hydrothermal breccias and along other mineralized trends and gold-in-auger anomalies that require additional definition. Core and reverse circulation drilling are planned at the Gourbassi East, Gourbassi West and Barani East areas (Figure 2), with all 11 holes targeting extensions to know mineralization, including follow-up of an at-surface intercept of 3.52 g/t gold over 33 metres (2estimated 28 metres true thickness) at Gourbassi West and down-plunge-testing of an intercept at Barani East that returned 6.28 g/t gold over 13 metres (3estimated 11 metres true thickness). Additional air-core holes are planned to follow up on material anomalies identified by the auger program and to follow-up on previous drill intercepts.Jared Scharf, President and CE...