News Releases

Delta, British Columbia, September 23, 2020.  Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FSE: QXR2, OTC: DAUGF) is pleased to present the results of a recently completed air core (“AC”) and auger drill program, comprising 34 AC holes and 1,065 auger holes on its SMSZ Project in Western Mali, near the border with Senegal.

The ~410 km2 SMSZ Project is both named after, and, overlies a 38-km section of the Senegal Mali Shear Zone (see Figure 1), which is related to 5 large gold 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 (now Allied Gold’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. Exploration targets within 5 km of the Senegal Mali Shear Zone, are considered by management, to be high priority exploration targets.

A summary of the drill highlights* are as follows. A property scale map with zone locations is presented in Figure 2,the summary details of this release are presented in Figure 3 and a table of significant results is presented in Table 1.

Sorokoto North (new zone)

    • 3.94 g/t gold over 4 metres
    • 2.08 g/t gold over 5 metres
    • 0.84 g/t gold over 5 metres

Barani Gap

    • 2.13 g/t gold over 3 metres
    • 1.24 g/t gold over 7 metres
    • 0.75 g/t gold over 17 metres
    • 0.95 g/t gold over 11 metres

Soa South (new zone)

    • 0.89 g/t gold over 7 metres

      Kolon (new zone)

    • 3.96 g/t gold over 3 metres

Auger

    • 10 samples > 300 ppb Au including 2,030 ppb Au, 1,527 ppb Au and 996 ppb Au, 58 auger sites >50 ppb Au

* Estimated true widths for the holes for the Barani Gap holes is 80% to 90% of the intercept width. The true width of the Sorokoto North, Soa South and Kolon Zones is unknown at this time.

Jared Scharf, Desert Gold’s CEO commented “We’re very encouraged by these results. Our air core results have both continued to expand the scope of recently discovered gold mineralization at the Barani Gap and resulted in the discovery of new gold zones at Sorokoto North, Kolon and Soa South. As well, the new auger results further emphasize that, in our opinion, we will find more gold zones.” Mr. Scharf also noted that “with a recently topped up treasury, we have the funds to further advance and test these targets as they are being developed.”

Desert Gold News Sept 23 01

Figure 1 – SMSZ Project Location, Regional Geology and Major Deposits in Western Mali and Eastern Senegal

Desert Gold News Sept 23 02

Figure 2 – Property Scale Compilation Map

Desert Gold News Sept 23 03

Figure 3 – SMSZ Project Map with Highlighted Auger and AC results**

**All gold grades over width, with the exception of the Soa, Soa South, Sorokoto North, Kolon, Berola and Gourbassi prospects, represent drill holes with the true widths, for most holes, ranging from 65 to 95%. Estimated true widths for the Soa, Soa South, Sorokoto North, Kolon and Berola prospects are unknown. Estimated true widths at the Gourbassi Zones are estimated to range from 60% to 90%.

Technical Details

Air Core Drilling

A short AC program was carried out to follow-up on the results from previous AC holes in the Barani Gap area, over a specific target at Sorokoto North and over the recently acquired Solo West Concession (see Figures 2 and 3). Significant results were returned from all three target areas. Note that AC holes can only test the near-surface, strongly weathered rocks and generally are not more than 50 metres deep.

A total of 17, Barani Gap AC holes, over six targets, were drilled to follow-up on previous AC holes that had returned good gold values as a follow-up to testing gold-in-auger anomalies. Four of the six targets areas returned significant gold results. The best hole, which lies along a 2,100-metre long gold-bearing trend, which includes the Barani East Zone, returned 0.75 g/t gold over 17 metres as a 50-metre northerly step-out of a previous hole that intersected 3.03 g/t gold over 10 metres. In-fill drilling is required along this carbonate-hosted gold-bearing trend, which has only been partially detail drilled along an 800-metre portion. The second-best hole, returned 0.94 g/t gold over 12 metres, from a parallel trend located approximately 100 metres to the east. Note that three internal samples were missing (assumed internal values of 0 g/t gold) due to likely artisanal mining depletion. This hole was drilled as a 50 metre north step out to an intercept that returned 1.36 g/t Au over 6 metres.

Two short, wide-spaced (approximately 3 km apart) drill fences, totalling 11 holes, were completed proximal to artisanal mining areas, over the recently acquired Sola West concession. These are the first recorded holes in this area, which lies along a structural zone, which extends from the Barani East Zone through to the Soa Zone (highlight drill intercept of 2.03 g/t Au over 30 metres). Significant drill intercepts were returned from both target areas, with the southern fence returning a best intercept of 3.96 g/t Au over 3 metres and the northern fence returning a best intercept of 0.89 g/t Au over 7 metres. The northern most drill fence also returned wide, low grade, but strongly anomalous gold values in five of the six AC holes, suggesting the presence of a large mineralized system

The third target area, Sorokoto North, is a new discovery. It is located proximal to another northeast trending cross structure, much like the Barani East-Soa Zone structural trend. Three of the six holes returned significant drill results with holes DJ-20-AC-001 and DJ-20-AC-003 returning intercepts of 0.84 g/t Au over 5 metres, 3.94 g/t Au over 4 metres and 2.08 g/t Au over 5 metres.

Auger Drilling

A total of 1,065 auger holes were drilled along 23, wide spaced drill fences over, dominantly, laterite-covered areas (see Figure 3 for general auger hole locations and highlight results). The auger holes, along the drill fences, are spaced 25 metres apart and average 9 metres deep ranging from 3 to 27 metres deep. Two samples are taken in each hole corresponding to the base of the laterite and the upper part of the saprolite (weathered rock). The purpose of the auger drilling was to test below large, laterite-covered areas, where previous work is limited to non-existent and where soil sampling is not an effective tool for the discovery of sub-cropping gold zones. The goal of this program was to identify areas with gold enrichment and then follow-up with more detailed auger drilling and subsequent testing of anomalies. This program resulted in 58 auger sites returning gold values >50 ppb gold with 25 of the sites returning >100 ppb gold, with a best result of 2,030 ppb gold. In-fill auger lines, spaced from 200 to 400 metres apart, will be completed to better define the gold-in-auger anomalies, so that drill targets can be developed. Previous auger drilling on the property, returned five significant drill intercepts with a best intercept of 3.03 g/t gold over 10 metres, from the Barani Gap area.

The five longest auger lines, up to 4.4 km long and approximately 1.3 to 2 km apart, were completed over an extensive, laterite-covered area that overlies an area to the east of the interpreted location of the Senegal Mali Shear Zone. Significant gold-in-auger anomalies, and wide areas of gold enrichment (20 to 50 ppb gold) were returned from all five lines.

Eight, up to 1,000-metre long auger lines were completed proximal to the new Kolon and Soa South Zones. These scattered lines were first pass auger drill tests over areas with anomalous soil values, and/or laterite covered areas. Gold-in-auger values ranged up to 966 ppb gold with seven sites returning >50 ppb gold. Follow-up auger drilling is required.

Three short auger lines were completed to test laterite-covered areas to the north of the Berola gold occurrence (previous intercept of 1.03 g/t gold over 18 metres – true width unknown). The Berola occurrence is hosted by a hydrothermal breccia that is located adjacent to a manganese/hematite iron formation exhalate unit, in a similar setting to the Gourbassi NE zone, located approximately, 5.5 km to the southwest. This exhalate horizon lies proximal to a likely structure, defined by a change from higher to lower magnetic susceptibility, that separates volcanic rocks to the west, from conglomerates (in part ‘Tarkwa-looking’) and siltstones to the east. All three auger lines returned anomalous gold-in-auger results, with the two, southernmost lines returning the best results and a local high value of 366 ppb gold.

One other auger line, located in the extreme southeast corner of the property, returned a single strong gold value of 364 ppb gold. This auger line was installed to partially test an area where the Senegal Mali Shear Zone appear to bifurcate.

Next Steps

Work on a 43-101 technical report has commenced with the selection of a consultant and continued updating of the mineralization models. The results of this report, including an exploration plan, are expected to be released in late October or early November, with field exploration, including approximately 20,000 metres of drilling, is expected to resume in November, and then continue through to early July, 2021.

QAQC

All AC samples were geologically logged following Desert Gold’s established standard operating procedures.

For AC drilling, all individual samples represent approximately one-meter in length of rock chips homogenized and riffle-split to an approximately 2kg sub-samples which were sent by truck from the project site, for preparation and gold assaying at the SGS laboratories in Bamako, Mali.

Each sample (auger and AC) is fire-assayed for gold by SGS laboratories in Bamako using Au-FAA505 method, which is a 50g fire assay fusion with AAS instrument finish. In addition to SGS’s own QA/QC (Quality Assurance/Quality Control) program, Desert Gold’s internal quality control and quality assurance procedures included the use of certified standards (1:20-30), sample duplicates (1 :20) and blanks (1 :20). Sample batches that fail QAQC review, especially those with significant gold values, are re-assayed with the insertion of new standards.

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo. a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 2 gold exploration projects in Western Mali (SMSZ and Djimbala) and its Rutare gold project in central Rwanda. The Company’s current focus is its 410 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

On Behalf of the Board of Directors

“Sonny Janda”

____________________
Sonny Janda, Chairman

Contact:
Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel. No.: +1 (858) 247-8195

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company’s profile.

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

Table 1 – Summary of Significant Drill Intercepts

BHID

FROM

TO

LENGTH

Au_ppm

Prospect

DJ-20-AC-001

33

34

1

0.64

Sorokoto North

DJ-20-AC-001

37

48

11

0.51

Sorokoto North

includes

43

48

5

0.84

Sorokoto North

DJ-20-AC-003

8

12

4

1.09

Sorokoto North

DJ-20-AC-003

19

22

3

0.66

Sorokoto North

DJ-20-AC-003

28

32

4

3.94

Sorokoto North

DJ-20-AC-003

38

42

4

0.5

Sorokoto North

DJ-20-AC-003

45

50

5

2.08

Sorokoto North

DJ-20-AC-004

19

27

8

0.32

Sorokoto North

DJ-20-AC-004

20

22

2

0.69

Sorokoto North

DJ-20-AC-004

30

47

17

0.32

Sorokoto North

includes

32

33

1

0.72

Sorokoto North

includes

37

39

2

1

Sorokoto North

DJ-20-AC-004

68

71

3

0.54

Sorokoto North

FA-20-AC-002

17

28

11

0.33

Barani Gap

FA-20-AC-003

17

24

7

1.24

Barani Gap

FA-20-AC-003

29

30

1

0.68

Barani Gap

FA-20-AC-004

47

48

1

2.39

Barani Gap

FA-20-AC-005

37

39

2

0.77

Barani Gap

FA-20-AC-005

42

43

1

0.54

Barani Gap

FA-20-AC-006

41

44

3

2.13

Barani Gap

FA-20-AC-006

59

60

1

0.57

Barani Gap

FA-20-AC-009

13

30

17

0.75

Barani Gap

FA-20-AC-010

5

18

13

0.18

Barani Gap

FA-20-AC-010

21

22

1

0.96

Barani Gap

FA-20-AC-017

9

21

12

0.95

Barani Gap

SW-20-AC-001

5

20

15

0.13

Soa South

SW-20-AC-001

27

48

21

0.21

Soa South

SW-20-AC-002

14

25

11

0.41

Soa South

SW-20-AC-003

27

38

11

0.14

Soa South

SW-20-AC-004

34

44

10

0.28

Soa South

SW-20-AC-006

9

25

16

0.35

Soa South

SW-20-AC-006

58

65

7

0.89

Soa South

SW-20-AC-006

60

62

2

2.49

Soa South

SW-20-AC-007

20

21

1

0.86

Kolon

SW-20-AC-008

15

18

3

3.96

Kolon

SW-20-AC-008

23

25

2

0.98

Kolon

SW-20-AC-008

30

31

1

0.94

Kolon

SW-20-AC-008

37

38

1

1.68

Kolon

SW-20-AC-009

12

13

1

1.41

Kolon

SW-20-AC-009

34

36

2

1.36

Kolon

SW-20-AC-009

41

42

1

1.15

Kolon

SW-20-AC-011

2

3

1

2.44

Kolon

SW-20-AC-011

10

11

1

0.72

Kolon

Table 1 - Detailed Drill Hole Assay Summary

1Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company’s SMSZ Property.

Delta, British Columbia, August 25, 2020 Desert Gold Ventures Inc. ( the “Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce it has received subscription receipts of CAD$6,829,440 through the sale of 24,390,856 Units from its previously announced non-brokered private placement (the “Financing).

Pursuant to the terms of the Financing, each Unit was priced at CAD $0.28 and consists of one common share in the equity of the Company and one-half common share purchase warrant (a “Warrant”). Each full Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.40 per share for a period of three (3) years from the closing of the Financing. In connection with the Financing and subject to exchange approval, the Company will pay finders’ fees of CAD$87,458 and consulting fees of CAD$322,140. Securities issued as a result of this Financing will be subject to a statutory hold period.

Certain directors and officers of the Company acquired Units under the Financing. Such participation is considered to be a related party transaction as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued to or the consideration paid by such persons will exceed 25% of the Company’s market capitalization.

The net proceeds of the Financing will be used primarily for exploration related activities at the Company’s flagship SMSZ Project in Western Mali and for general corporate purposes. The closing of the Financing is subject to final Toronto Venture Stock Exchange approval.

On Behalf of the Board

“Jared Scharf”
____________________

Jared Scharf
Chief Executive Officer & Director

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala)  and its Rutare gold project in central Rwanda. For further information please visit www.SEDAR.com under the company’s profile. Website: www.desertgold.ca

Contact
Jared Scharf, CEO
Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

This news release contains forward-looking statements. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results 4770 72 Street, Delta, British Columbia | Canada | V4K 3N3 | Office +1 (604) 357 4726 | Fax +1 (604) 592 6882 may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, liquidity risks, the degree to which mineral resource estimates are reflective of actual mineral resources, the degree to which factors which would make a mineral deposit commercially viable, and the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

Delta, British Columbia, August 10, 2020. Desert Gold Ventures Inc. (“Desert Gold” or the “Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) announces that, subject to exchange approval, it will conduct a non-brokered private placement of 23,214,286 units at a price of CAD $0.28 per unit (the “Unit”) to raise CAD $6,500,000 (the “Financing”). Each Unit will consist of one common share in the equity of the Company and one-half common share purchase warrant (the “Warrant”).  Each full Warrant entitles the holder to purchase one additional common share of the Company at a price of CAD $0.40 per common share for a period of three (3) years from the closing of the Financing.

The Company shall pay a finder’s fee to qualified individuals in respect to the Financing of 7% cash on the proceeds of the Units found.  Securities issued as a result of the Financing will be subject to a statutory hold period.

The proceeds of the Financing will be used primarily for exploration activities at the Company’s project and secondly for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS

CONTACT
Jared Scharf, President & CEO
Direct:    +1 (858) 247 – 8195          
Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.

ABOUT DESERT GOLD
Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala)  and its Rutare gold project in central Rwanda. For further information please visit www.SEDAR.com under the company’s profile. Website: www.desertgold.ca

This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements, including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

­

Delta, British Columbia, August 4, 2020.  Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that it has completed its planned exploration program over its 410 km2 SMSZ Property in Western Mali. In total, 4 core holes, 13 RC holes and 34 AC holes were completed for a total of 3,759.5 metres. As well, 1,065 auger holes were drilled totalling 9,557 metres. Assay results are pending.

The 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 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 Mines[1]. To the Company’s knowledge, its SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature.

Desert Gold’s CEO Jared Scharf commented “I am very pleased our team was able to complete the planned drill program and a bit more, before the annual rainy season set in and made exploration impractical. All samples have been delivered to the laboratory. We are looking forward to the results, which we believe will continue to demonstrate the value of this large sized, well situated, exploration property.”

SMSZ Project Exploration Update Details

Desert Gold’s planned SMSZ exploration program was successfully completed on Jul 29. In total, 4 core holes, 13 RC holes and 34 AC holes were completed for a total of 3,759.5 metres. As well, 1,065 auger holes were drilled for 9,557 metres. Assay results are expected in August.

Gourbassi East and West Zone Drilling

In detail, 3 core holes totalling 676.5 metres and 12 RC holes totalling 1136 metres were drilled over the Gourbassi East and West Zones. Core and RC holes were designed to target extensions to know mineralization, including follow-up of an at-surface intercept of 3.52 g/t gold over 33 metres (estimated 28 metres true thickness) and to validate an updated interpretation of the mineralized zones. For the most part, sericite- and silica-altered and pyrite-mineralized zones were intersected where expected. This type of sulphide mineralization has returned gold values in previous holes, however, there is no guarantee that gold mineralization will be returned from these holes

figure 1 

Figure 1 – SMSZ Project Location, Regional Geology and Major Deposits in Western Mali and Eastern Senegal

 

Gourbassi West

The Gourbassi West Zone consists of four, interpreted, north-trending lenses of gold mineralization that have been traced for approximately 1,000 metres along strike and to 140 metres depth. Drill holes have returned intercepts to 3.52 g/t gold over 33 metres (approximately 28 metres true width). Thicker mineralized zones appear to plunge shallowly to the north. The mineralized lenses are hosted by intermediate volcanic rocks, silicified hydrothermal breccias and sediments, located immediately to the east of a major, north-northeast trending, likely structural, geological contact. Hydrothermal breccias are common in the Gourbassi area and are often gold bearing. The hydrothermal breccias continue for at least 1,100 metres to the north of the Gourbassi West Zone, where weak to moderate strength, gold-in-soil anomalies to 170 ppb gold, have been noted. Induced polarization (IP) resistivity high anomalies correlate quite well with the mineralized zones, which are generally silicified, sericitic and pyritic. Several, nearby, untested IP resistivity highs will be evaluated as exploration targets.

Gourbassi East

The Gourbassi East Zone consists of at least seven, north-northeast trending lenses of gold mineralization up to 37 metres wide, that have been traced for approximately 800 metres along strike to 170 metres depth. The deepest hole returned 7.49 g/t gold over 11 metres (true width approximately 6 metres). This zone is dominantly hosted by pyritic, quartz-veined, sericitic, high titanium, intermediate composition volcanic rocks. Felsic volcanics have been noted in the area, but, their relationship with the mineralized zones is uncertain. Magnetic and mapping data indicates that the thickest part of the gold zone lies near a northerly-trending shear zone contact with a northwesterly-trending magnetite iron formation.

Barani East

Two holes were drilled at Barani East, a core hole to 204 metres to test the interpreted down-plunge extent of an intercept that returned 6.3 g/t Au over 13 metres* and a 122 metre long RC holes to test the interpreted down-plunge extent of an intercept that returned 8.26 g/t Au over 4 metres*. Sulphidized limestone with pyrite plus local arsenopyrite mineralization, were intersected where the mineralized zones were expected. This type of sulphide mineralization has returned gold values in previous holes, however, there is no guarantee that gold mineralization will be returned from these holes.

The Barani East zone is a northeast-trending, sulphide replacement zone in silicified limestones. This type of alteration and host rock, are similar to the large Sadiola Gold Mine, located along the same structural and geological trend, approximately 50 km to the north. Multiple, moderate-southwest-plunging lenses of gold mineralization have been both identified and inferred in the Barani East area. A single core hole is planned at the Barani East Zone to test approximately 70 metres down-plunge of 6.3 g/t gold over 13 metres (approximately 11 metres true thickness). If this hole intersects additional strong gold grades, two additional holes have been proposed as follow-up. The goal with Barani East, is to continue to expand the mineralization footprint with an objective to increase the current modest indicated resource of 46,600 ozs gold grading 2.22 g/t gold and an inferred resource of 23,300 ounces grading 2.29 g/t gold (2016, 43-101 compliant report -  Technical Report on the Farabantourou Gold Mining Permit, Kéniéba District, Western Mali, Mineral Resource Update). Drilling, completed subsequent to the resource estimate, has extended the gold mineralized zones beyond the current in-pit estimated resource.

Air Core Drilling

A total of 32 Air Core holes were drilled in the recent program.

Seventeen of the holes were completed in the “Barani Gap” as follow-up of a previous AC program that returned intercepts of 3.03 g/t Au over 10 metres* and 3.5 g/t Au over 8 metres*. Both intercepts were returned from sulphide-altered limestone, similar to the Barani East Zone, which is located 1,000 metres to the north.

Eleven of the holes totaling 530 metres, were drilled on the newly acquired Sola West Concession, with a five-hole fence drilled across the north end of the Kolon artisanal mining site and a six-hole fence, drilled across the south end of the Sola artisanal mining area. Both drill fences cut across the interpreted northeast strike extension of the Barani-East Zone structural corridor and both areas, host artisanal mining pits to 100 metres long. A hole completed, in a late 2019 drill program, returned 3.04 g/t Au over 30 metres*, in the central part of the Soa artisanal mining area.

An additional six AC holes, totaling 308 metres were drilled to test the Serokoto North target area, centered about 5 km north-northwest of the Barani Zone. These holes were drilled to test an interpreted, 800 metre long, northwest-trending structure that returned historic grab samples, from excavated pits, to 4.02 g/t Au.

Auger Drilling

The objective of the auger drilling, is to test for gold mineralization below, what is generally, a barren cap of surficial, iron enrichment, that often occurs in West Africa. An advantage of laterite cover, is that, often, this area has not been the subject of previous exploration programs and, if related to iron-bearing alteration in the rocks below, results in a good quality exploration target area.

A total of 21, generally, wide-spaced, auger drill fences comprising 1,065 holes were completed with an average depth of approximately 9 metres. All holes were vertical with holes on individual fences spaced 25 metres apart. Auger drill fences were completed over the laterite-covered, projected strike of the Senegal Mali Shear Zone (5 fences), across the northeast-trending structural corridor that hosts the Barani East and Soa Zones (12 fences), along the northerly strike extent of the Berola Zone hydrothermal breccias (3 fences) and across a distinct structural feature in the southeast corner of the property (1 fence). Most of the holes, and, the longest drill fence at approximately 4.4 kilometres long, were drilled across the wide, laterite-covered area adjacent to the east side of the Senegal Mali Shear Zone, in the central portion of the property.

figure 2

Figure 2 – Property Compilation Map

*All gold grades over width, with the exception of the Soa prospect, represent drill holes with the true widths, for most holes, ranging from 70 to 95%. **The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 60% to 90%.

QAQC

All AC, and RC samples were geologically logged following Desert Gold’s established standard operating procedures. For AC and RC drilling, all individual samples represent approximately one-meter in length of rock chips homogenized and riffle-split to an approximately 2 kg sub-samples which were sent by truck from the project site, for preparation and gold assaying at the SGS laboratories in Bamako, Mali.

Each sample (AC, and RC) is fire-assayed for gold by SGS laboratories in Bamako using Au-FAA505 method, which is a 50g fire assay fusion with AAS instrument finish. In addition to SGS’s own QA/QC (Quality Assurance/Quality Control) program, Desert Gold’s internal quality control and quality assurance procedures included the use of certified standards (1 :20), sample duplicates (1 :20) and blanks (1 :20). Sample batches that fail QAQC review, especially those with significant gold intercepts, are re-assayed with the insertion of new standards.

Ashanti Gold Drill Results QAQC Procedures for the Gourbassi Zones

Certified Reference Materials and Blanks were inserted into the sample stream at the rate of 1:20 samples.  Field duplicates are collected at the rate of 1:50 samples.  All samples have been analyzed by SGS Laboratories in Bamako with standard preparation methods and 50g fire assay with atomic absorption finish.  SGS adds their own QA/QC samples into the sample stream and had reported them to Ashanti for double checking.  Higher grade samples were reanalyzed from pulp or reject material or both.

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds two gold exploration projects in Western Mali (SMSZ, Segala and Djimbala), the Anumso gold Project in Ghana and its Rutare gold project in central Rwanda. The Company’s current focus is its 407 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

 

On Behalf of the Board of Directors

“Sonny Janda”
____________________

Sonny Janda
Chairman

Contact:

Jared Scharf, President & CEO

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company’s profile.

 

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

 

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

____________________

[1] Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company’s SMSZ Property.

Delta, British Columbia, July 2, 2020.  Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that it has acquired the rights to a 95% interest in the Sola West concession. The 16 km2 Sola West concession, fills a strategic, approximate 4 km property gap, on the Company’s Senegal Mali Shear Zone (‘SMSZ’) Project between the northeast-trending Barani East Zone, with intercepts to 7.83 g/t gold over 13* metres, and the recently drilled Soa Prospect, which returned an intercept of 2.02 g/t gold over 30* metres (see Figure 1). There is no recorded drill testing at Sola West. Including the Sola West Concession, Desert Gold’s SMSZ Project is now approximately 410 km2

The 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 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, its SMSZ Project is the largest, contiguous, non-producer land package over this very prospective structural feature.

Desert Gold's CEO Jared Scharf commented "We're very pleased with the continued expansion of our SMSZ Project. Filling gaps like Sola West are important given the fact that the mineralized systems both to the northeast and southwest, along strike, likely continue onto the Sola West property package. The presence of significant artisanal mining and strong gold-in-soil anomalies further augment the perspectivity of Sola West. Weather and time permitting, we plan to drill test some of these targets during our current drill program.

SMSZ Project Exploration Update

Desert Gold's SMSZ exploration program is ongoing with one combination diamond/RC/AC drill and two auger drills, with a 3rd auger drill expected to arrive on the weekend. To date, 9 RC holes totaling 1,136 metres, were completed over the Gourbassi East and West Zones. Core drilling has now commenced at the Gourbassi Zones. Once drilling is completed at Gourbassi, the drill will begin testing the Barani East Zone and 30 air core targets in the Barani East area. The auger drilling is proceeding rapidly with 247 holes completed totaling 2,233 metres. Approximately 10,000 metres of auger drilling is planned. Results will be presented in late July or early August once assays have been received and interpreted.

About the Sola West Concession

The Sola West concession hosts the Kolon artisanal mining area (see Figure 2) and the southern extension of the Soa Prospect target area. The Kolon site covers a 350 metre by 150 metre area comprising 3 large open pits with 2 pits approximately 100 metres long by 10 to 20 metres wide and 5 to 10 metres deep (see photos below). This area is located along the same interpreted northeast-trending structural corridor that hosts the Barani East and Soa zones. Mapping and sampling of these and additional nearby workings has commenced. Artisanal mining has focused on narrow, north-east and northerly trending quartz veins. Time permitting, a line of air core holes is planned during the exploration program to cross over the location of the inferred northeast-trending structure and several high-quality soil anomalies.

A review of soil and artisanal mining sites on the concession has resulted in the delineation of 4 larger target areas. As well, there are 13 gold-in-soil anomalies, >200 ppb gold, to 1,368 ppb gold, that lie outside and the target areas, that could also represent exploration targets (Figure 2). The target areas represent clusters of gold-in-soil anomalies often associated with artisanal mining areas. Auger, air core and RC drilling are planned over all of the target areas. Auger drilling will be carried out over target areas with laterite and/or alluvial cover. RC and air core holes will test below artisanal mining areas and across select gold-in-soil anomalies where fresh rock is deemed close to surface.

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Figure 1 - Property Compilation Map

 

*All gold grades over width, with the exception of the Soa prospect, represent drill holes with the true widths, for most holes, ranging from 70 to 95%. **The Soa Prospect result is from a trench with true widths unknown. Estimated true widths for the Berola Prospect are unknown. True widths at the Gourbassi Zones range are estimated to range from 60% to 90%.

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Figure 2 - Sola West Compilation Map


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Kolon - Pit 1

 

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Kolon - Pit 2

 

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Kolon - Pit 3


QAQC

All AC, and RC samples were geologically logged following Desert Gold's established standard operating procedures. For AC and RC drilling, all individual samples represent approximately one-meter in length of rock chips homogenized and riffle-split to an approximately 2kg sub-samples which were sent by truck from the project site, for preparation and gold assaying at the SGS laboratories in Bamako, Mali.

Each sample (AC, and RC) is fire-assayed for gold by SGS laboratories in Bamako using Au-FAA505 method, which is a 50g fire assay fusion with AAS instrument finish. In addition to SGS's own QA/QC (Quality Assurance/Quality Control) program, Desert Gold's internal quality control and quality assurance procedures included the use of certified standards (1 :20), sample duplicates (1 :20) and blanks (1 :20). Sample batches that fail QAQC review, especially those with significant gold intercepts, are re-assayed with the insertion of new standards.

Ashanti Gold Drill Results QAQC Procedures for the Gourbassi Zones

Certified Reference Materials and Blanks were inserted into the sample stream at the rate of 1:20 samples. Field duplicates are collected at the rate of 1:50 samples. All samples have been analyzed by SGS Laboratories in Bamako with standard preparation methods and 50g fire assay with atomic absorption finish. SGS adds their own QA/QC samples into the sample stream and had reported them to Ashanti for double checking. Higher grade samples were reanalyzed from pulp or reject material or both.

This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that holds 3 gold exploration projects in Western Mali (SMSZ, Segala West and Djimbala) and its Rutare gold project in central Rwanda. The Company's current focus is its 407 km2 SMSZ Project that spans approximately 38 km of the prolific Senegal Mali Shear Zone.

On Behalf of the Board of Directors

"Sonny Janda"
____________________
Sonny Janda
Chairman

Contact:

Jared Scharf, President & CEO
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company's profile.

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the united states. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.

____________________

1 Mineralization hosted on adjacent and/or nearby properties is not necessarily representative of mineralization hosted on the Company's SMSZ Property.