Surrey, British Columbia, January 20, 2017, DESERT GOLD VENTURES INC. (“Desert Gold” or the “Company”) (TSX.V: DAU/FF:QXR2/OTC:DAUGF) is pleased to announce the successful renewal of the Company’s Djimbala Gold permit in western Mali. The permit is now valid until December 21, 2018
The Djimbala permit is situated in the Yanfolila Gold Belt in an area that hosts regional scale fundamental structures. These structures are essential in the formation of gold deposits in West Africa and make the whole permit highly prospective for the discovery of significant gold resources.
The prospect is located 30km north of the Kordieran Project, 40 km north of Avnel Gold’s Kalana Mine and adjacent to Gold Field’s Komana Project.
The conceptual target on the strategic Djimbala project is orogenic-style gold mineralization, similar to gold mines and other projects in the Yanfolila Gold Belt. A number of prospects surround the permit and the structures hosting the Faliko (Gold Fields), Salona (Gold Fields) and Niechilela (Gold Fields) prospects extend into the Djimbala permit. The project has artisanal gold workings in altered sedimentary host rock and in elluvial deposits. Seven of the artisanal workings occur within the sampled area. The sampling program covers the first of 4 areas prioritized for follow-up exploration. A total of 1,120 surface soil samples were collected in the first phase of sampling on Djimbala. The sample lines are oriented north- south and spaced 200 meters apart. Samples were collected every 50 meters along these lines, and at an average depth of 30 centimeters.
The sampling highlights a strong correlation between anomalous gold values and geological structures identified on aeromagnetic maps. 9 exploration targets were identified on the grid. Please refer to the geochemistry map below. 3 Samples analyzed over 1 gram per tonne of gold with the highest gold value being 22.6 grams per tonne. The table below summarizes the distribution of gold values.
|Number of samples||Gold Assay Values (ppb)|
|499||10 to 29|
|19||50 to 99|
|16||100 to 999|
|3||1000 to 22 600|
- Total number of samples 1,120
- The Company plans to do detailed infill soil sampling over the 9 exploration targets.
Samples were taken from the B soil horizon, generally 30cm to 50cm below surface. 2kg of unscreened material was gathered in the field, placed in calico bags with unique ticket numbers and shipped to ALS Mali SARL Bamako laboratory for analysis. The samples were assayed by means of fire assay with an atomic absorption finish. As part of the quality assurance and quality control program, a standard, blank and duplicate sample were inserted within every 20 samples submitted to the laboratory. Plots of the assay results from the standard reference material show that the assay data can be accepted.
Shaun Dykes, M.Sc. (Eng); P.Geo (#20044), a Qualified Person as defined in NI 43-101, has reviewed and approved the scientific and technical information contained in this release.
ON BEHALF OF THE BOARD
Jared Scharf, Director
+1 (858) 247-8195
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