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New 2,680 ppb Gold-in-Auger Value Highlights Additional Potential for Expansion of Desert Gold's Mogoyafara South Gold Deposit in Western Mali
Delta, British Columbia--(Newsfile Corp. - April 25, 2023) - Desert Gold Ventures Inc. (TSXV: D...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"New 2,680 ppb Gold-in-Auger Value Highlights Additional Potential for Expansion of Desert Gold's Mogoyafara South Gold Deposit in Western MaliDelta, British Columbia--(Newsfile Corp. - April 25, 2023) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the \"Company\") is pleased to present new gold-in-auger exploration targets on its SMSZ Project. The untested auger anomalies lie under shallow laterite cover proximal to the Company's 413,000 ounce Mogoyafara South gold deposit (see Jan. 17, 2022 Desert Gold news release). Desert Gold's 440 km2 SMSZ Project is both named after and overlies a 43 km section of the prolific Senegal Mali Shear Zone (the \"SMSZ\"). The SMSZ is related to seven gold deposits 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. To the Company's knowledge, the SMSZ Project is the largest, contiguous, non-producer land package over this highly prospective structural feature (see Figure 3).In February, 2023, Desert Gold completed 445 auger holes totalling 2,067 metres over the Mogoyafara South Deposit area and the Kousilli West concession in the northwesternmost portion of the property (see Figure 4 for locations). All gold-in-auger values in excess of 50 ppb are considered anomalous with gold-in auger values in excess of 100 ppb, considered high priority. This program resulted in the discovery of an exceptional auger hole that returned a gold value of 2,680 ppb within a 100-metre-wide area of anomalous gold-in-auger values. These anomalous auger values lie along trend of an approximate 1,000 m long north-northwest trend of gold-in-soil values linking up with the westernmost lens of the Mogoyafara South Deposit. This highlight gold-in-auger anomaly lies about 800 metres south of the limits of the 413,000-ounce Mogoyafara South Deposit (see Figure 1). An additional trend of strong, gold-in-auger anomalies, to 569 ppb gold, were returned on three auger lines, with the first anomaly approximately 200 metres east of the northern portion of the Deposit to 800 metres north of the Deposit area. This approximately 1 km long anomalous trend lies along the interpreted location of the Mali Senegal Shear Zone. A third anomalous, 800-metre-long trend, with gold-in-...