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Proposed Allied Gold Transaction Highlights the Potential Value of Desert Gold's SMSZ Project in Western Mali
(TheNewswire) Delta, B C - TheNewswire - May 9, 2023 - Desert Gold Vent...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Proposed Allied Gold Transaction Highlights the Potential Value of Desert Gold's SMSZ Project in Western Mali\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Delta, B\n \n \n C\n \n \n -\n \n \n TheNewswire -\n \n \n May 9, 2023 -\n \n \n Desert Gold Ventures Inc.\n \n \n (the “\n \n \n Company\n \n \n ”)\n \n \n (TSX.V:DAU\n \n \n )\n \n \n (\n \n \n FSE:QXR2\n \n \n )\n \n \n (\n \n \n OTC:DAUGF)\n \n \n is pleased to highlight a recently proposed transaction where\na new management group, comprised of former Yamana Gold Principals,\nplan to take Allied Gold Corp. Limited, public. Allied Gold’s\nprincipal asset, the Sadiola Mine Property lies contiguous to the\nnorthern boundary of Desert Gold’s SMSZ Project (see Figure 1). The\nSadiola Mine contains Proven and Probable Mineral Reserves of 7.3\nmillion ounces in149.5Mt grading 1.51 g/t Au (\n \n \n Allied Gold news release – April 27,\n2023\n \n \n ). Allied Gold’s valuation is expected to\nbe discounted to net asset value and is expected to be in the amount\nof US$1.2 billion and includes, in addition to the Sadiola Mine, the\nBonikro and Agbaou Mines, a feasibility-level gold project in Ethiopia\nand exploration assets in Egypt**.\n \n \n \n \n Desert Gold’s contiguous SMSZ Project contains\ninitial Measured and Indicated Mineral Resources of 8.47 million\ntonnes grading 1.14 g/t gold totaling 310,300 ounces and Inferred\nMineral Resources of 20.7 million tonnes grading 1.16 g/t gold\ntotaling 769,200 ounces, an additional 21+ gold zones and numerous\nother high quality exploration targets (see Figure 2). A snapshot of\nDesert Gold’s (“DAU”) exploration targets include the\nfollowing:\n \n \n \n \n \n \n Follow-up drilling over five gold\ndeposits that are open to expansion\n \n \n \n \n \n \n 1.08 g/t Au over 124 metres at\nGourbassi West North (\n \n \n DAU news release – June 2, 2021\n \n \n \n \n \n \n 2.04 g/t Au over 30 metres at Soa\n(\n \n \n DAU news\nrelease – Feb 24, 2020\n \n \n \n \n \n \n 1.80 g/t Au over 17 metres at Kamana\n(\n \n \n DAU news\nrelease – Nov, 2, 2021\n \n \n \n \n \n \n 1.65 g/t Au over 21 metres at\nManankoto (\n \n \n DAU news release – Oct. 13, 2021\n \n \n \n \n \n \n Frikidi area where 92 grab samples\nreturned 1 g/t g...