TSX-V: DAU

TSXV: DAU

Market Price: $0.08
| Gold

: XAU/USD

Market Price: $2,653.52

Delta, British Columbia, March 25, 2019. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”)(TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to provide the following update regarding the results of a recently completed mapping, rock and soil sampling program at its Farabantourou permit.

Highlights

Assay results received from pit mapping and grab sampling, over various artisanal mining areas, at its Frikidi prospect area, returned significant high-grade gold values including the following highlights:

-        5 samples >100 g/t gold                                  -     47.3 g/t gold

-        72.4 g/t gold                                                    -     43.8 g/t gold

-        61.5 g/t gold                                                    -     41.8 g/t gold

-        58.1 g/t gold                                                    -     29.9 g/t gold

-        51 g/t gold                                                       -     28 g/t gold

*Note that grab samples are selective samples and are not necessarily representative of the mineralisation hosted on the property.

Desert Gold’s President Jared Scharf commented, “Results from this program are very encouraging and demonstrate significant potential for a new gold discovery in the Frikidi area. Mapping and prospecting is on-going and I expect additional targets to be generated from this work. Drilling is most certainly warranted in the Frikidi area.”

About the Frikidi Prospect Area

The Frikidi prospect area lies within the northwest part of the Company’s Farabantourou permit on the western side of the Senegal Mali Shear Zone. Detailed geology and structural mapping associated with grab sampling was completed over the Frikidi prospect area. This program is part of an ongoing geological mapping and prospecting program that is expected to continue until the entire Farabantourou permit has been mapped and sampled. The objective of this initial phase of exploration is to understand the structural controls of the gold mineralization and develop drill targets.

Mapping and Mineralization

During the program, a total of 259 grab samples were collected and sent to the SGS Bamako Laboratory for assay. Of the 259 grab samples, 92 contained gold values > 1.0 g/t gold 61 samples returning gold values greater than 5 g/t gold. Sample details are presented in a table at the end of the release. The strongest gold values were collected along a northwest-tending zone that is approximately 3 km by 1 km in size (Figures 1 and 2). Other than a small first pass drill program carried out over the Kousilli Prospect in the far northwest corner of the sampled area, which returned a highlight intercept of 6.4 g/t Au over 4 metres, the majority of these gold bearing areas have not been tested by drilling.

During mapping and sampling, work over the Frikidi prospect identified three parallel, northerly trending zones of gold-bearing mineralization. These zones appear to be hosted by a completely altered felsic intrusions that intruded into silica-albite-chlorite-altered sandstone with cracked and brecciated quartz veins and local pyrite. These three zones are summarized below.

  • Frikidi East: traced for over 550 meters along strike with an average width of 4 metres.
  • Frikidi Central: traced for over 360 meters along strike with an average width of 4 metres.
  • Frikidi West: traced for 250 meters along strike with an average width of 4 metres.

f

Figure 1. Farabantourou Permit Map Showing Frikidi Prospect

 

f2

Figure 2. Frikidi/Kousilli Area Grab Sample Results

Results from Frikidi/Kousilli Grab Sampling Program

During the program, a total 259 grab samples were collected and sent to the SGS Bamako Laboratory for assay using FAA 505 method. Of the 259 grab samples, 92 contained gold values greater than 1 g/t gold with many returning high-grade gold values. Grab samples are selective samples and are not necessarily representative of the mineralisation   hosted on the property.

Sample Description Au g/t
FWG0047 Quartz veins sheared and oxidized along the fractures planes + boxworks >100
FWG0104 Quartz veins brecciated and oxidized, hematite altered (Ore of artisanal miners) >100
FWG0141 Quartz veins, cracked, brecciated, + boxwork (Ore of artisanal miners) >100
FWG0159 Quartz vein (310/40) oxidized 5-10cm, oxidized in excavation >100
FWG0231 Quartz vein (305/60) oxidized, cracked (Ore) >100
FWG0111 Quartz veins (355/50) brecciated, cracked + boxwork 72.4
FWG0221 Quartz vein (290/50) 1cm oxidized, cracked + boxwork in trench 61.5
FWG0209 Quartz fragment oxidized, cracked + boxwork (ore) 58.1
FWG0051 Quartz veins oxidized, cracked + boxwork (Ore of artisanal miners) 51
FWG0120 Oxidized quartz veins cracked, brecciated with boxwork (Ore of artisanal miners) 47.3
FWG0175 Quartz veins, cracked, brecciated, + boxworks (Ore of artisanal miners) 43.8
FWG0182 Quartz veins, cracked, brecciated, + boxworks (Ore of artisanal miners) 41.8
FWG0042 Breccciated and cracked quartz veins oxidized along fractures planes (Ore of artisanal miners) 29.9
FWG0032 Brecciated quartz veins oxidized, cracked (Ore of artisanal miners) 28
FWG0143 Quartz veins, cracked, brecciated, + pyrite (Ore of artisanal miners) 23.5
FWG0039 Breccciated and cracked quartz veins oxidized along fractures planes (Ore of artisanal miners) 23.4
FWG0177 Quartz veins, cracked, brecciated, + boxworks (Ore of artisanal miners) 22.4
FWG0205 Reject: quartz vein fragment cracked + boxwork 19.9
FWG0107 Quartz veins brecciated and oxidized, hematite altered (Ore of artisanal miners) 17.9
FWG0108 Saprolite sandstone in hanging wall shear zone with hematite + limonite alteration + boxwork 17.1
FWG0058 Quartz veins, cracked + boxwork 17
FWG0136 Sheraes quartz veins, cracked, brecciated, + boxwork (Ore of artisanal miners) 16.9
FWG0116 Quartz veins, cracked, brecciated, + boxwork (Ore of artisanal miners) 16.7
FWG0201 Quartz veins sheared + boxwork in trench 16.4
FWG0046 Quartz veins oxidized along the fractures planes + boxwork 16.3
FWG0122 Oxidized quartz veins cracked, brecciated with boxwork (Ore of artisanal miners) 12.4
FWG0030 Massive sandstone with quartz veins 12.3
FWG0038 Breccciated and cracked quartz veins oxidized along fractures planes (Ore of artisanal miners) 12.3
FWG0197 Reject: quartz vein cracked + boxwork 11.7
FWG0098 Quartz veins (015/55) 5cm oxidized, cracked, brecciated + boxwork (Ore of artisanal miners) 11.1
FWG0174 Quartz veins, cracked, brecciated, + boxworks (Ore of artisanal miners) 9.96
FWG0052 Breccciated and cracked quartz veins + boxworks (Ore of artisanal miners) 9.61
FWG0154 Oxidized quartz veins , cracked, brecciatted (Ore of artisanal miners) 8.65
FWG0119 Sandstone, hematite alteration + veinlets stockwprk 7.97
FWG0232 Quartz vein (260/36) oxidized, 6.94
FWG0226 Sheared quartz vein (300/55) 10-20cm oxidized, cracked (Ore) 6.88
FWG0112 Quartz veins brecciated, oxidized within massive sandstone 6.82
FWG0218 Quartz vein (265/55) 1cm oxidized, in trench 5.91
FWG0217 Massive sandstone, limonite alteration + Feox veinlets 5.82
FWG0092 Mafic rock in contact with sandstone 5.52
FWG0207 Sandstone sheared + stockwork quartz oxidized 4.79
FWG0137 Sheraes quartz veins, cracked, brecciated, + boxwork (Ore of artisanal miners) 4.76
FWG0206 Reject: quartz vein fragment cracked in trench 4.76
FWG0121 Oxidized quartz veins brecciated, hematite + limonite altered + boxwork (Ore of artisanal miners) 4.6
FWG0146 Reject quartz veins oxidized 4.42
FWG0031 Brecciated quartz veins oxidized 4.07
FWG0202 Quartz vein (315/75) 10cm oxidized, crackek in trench 3.8
FWG0048 Breccciated and cracked quartz veins oxidized along fractures planes (Ore of artisanal miners) 3.54
FWG0152 Sandstone massive, hematite alteration + quatz veins + pyrite 3.26
FWG0115 Sandstone + quartz veins oxidized and sheared 3.04
FWG0211 Massive sandstone, limonite alteration + quartz veins 2.89
FWG0035 Massive sandstone oxidized showing limonite alteration + quartz veinlets + boxwork 2.86
FWG0176 Quartz veins, cracked, brecciated, + boxworks (Ore of artisanal miners) 2.85
FWG0081 Quartz veins (320/70) oxidized in trench 2.73
FWG0134 Oxidized quartz veins sheared, brecciated with hematite from orpaillors 2.71
FWG0149 Sandstone massive, hematite alteration + stockwork quatz veins + pyrite disseminated 2.67
FWG0033 Stockwork quartz veins, hematite and chlorite alteration in massive sandstone host rock 2.57
FWG0106 Sandstone sheared strongly in hanging wall, silicified and bleached + quartz veins along shearing plane 2.51
FWG0140 Hanging wall sandstone sheared, hematite alteration + stockwork quartz veins sheared + boxwork 2.38
FWG0041 Masssive sandstone weak weathered + quartz veins + boxwork 2.3
FWG0142 Sandstone massive, hematite alteration + stockwork quatz veins + pyrite disseminated 2.29
FWG0228 Quartz vein 5-10cm oxidized, cracked + boxwork (Ore) 2.22
FWG0186 Quartz vein (320/65) oxidized, cracked + boxwork 2.21
FWG0227 Quartz vein 10-20cm oxidized, cracked + boxwork (Ore) 2.21
FWG0037 Sheared quartz veins in hanging wall, hematite altered 2.13
FWG0183 Quartz vein (305/40) oxidized, cracked 2.12
FWG0127 Sandstone massive, hematite alteration + quartz veins oxidized 2.08
FWG0139 Hanging wall sandstone sheared, hematite alteration + stockwork quartz veins sheared + boxwork 2.08
FWG0148 Sandstone massive, hematite alteration + stockwork quatz veins + pyrite disseminated 2.06
FWG0198 sandstone massive, limonite alteration + quartz veins oxidized 1.9
FWG0129 Sandstone massive, limonite alteration + stockwork quartz veins oxidized 1.73
FWG0036 Sheared quartz veins in hanging wall, hematite altered + boxwork 1.72
FWG0195 Quartz vein (010/55) oxidized 1.7
FWG0102 Saprolite of sandstone, sheared + stockwork + feox veinlets 1.66
FWG0027 Sandstone massive, silica + hematite + sericite altered + quartz veins + pyrite along veins plane 1.64
FWG0114 Sandstone sheared strongly in hanging wall, silicified and bleached + quartz veins + boxwork 1.63
FWG0147 Hanging wall sandstone sheared, hematite alteration + stockwork quartz veins sheared + pyrite 1.63
FWG0128 Hanging wall sandstone sheared, limonite alteration + stockwork quartz veins oxidized 1.59
FWG0068 Sandstone massive, hematite alteration + quartz veins oxidized 1.49
FWG0109 Sheared sandstone, bleached + quartz veins, hematite alteration 1.49
FWG0158 Quartz vein (130/40) oxidized 20cm, sheared and brecciated 1.49
FWG0214 Sandstone sheared, limonite alteration + quartz veins 1.45
FWG0144 Sandstone massive, hematite alteration + stockwork quatz veins + pyrite disseminated 1.38
FWG0160 Hanging wall sandstone sheared, hematite alteration + stockwork quartz veins sheared in excavation 1.36
FWG0161 Hanging wall sandstone sheared, hematite alteration + stockwork quartz veins sheared in excavation 1.35
FWG0034 Massive sandstone oxidized showing limonite alteration + quartz veinlets + boxwork 1.27
FWG0055 Rejet:   brecciated and sheared quartz veins ,oxidized + disseminated boxwork 1.22
FWG0078 Sheared sandstone in hanging wall zone, bleached, limonite alteration + stockwork quartz veins + Boxwork 1.22
FWG0053 Brecciated and cracked quartz veins + boxwork 1.2
FWG0077 Sheared sandstone in hanging wall zone, bleached, limonite alteration + stockwork quartz veins + Boxwork 1.03
FWG0118 Hanging wall sandstone sheared, limonite alteration + stockwork quartz veins oxidized 1.02
FWG0188 Quartz vein (015/50) oxidized, cracked in trench 1.01
FWG0069 Sandstone massive, hematite alteration + feox veinlet 0.96
FWG0194 Quartz vein (325/45) oxidized 0.95
FWG0193 Sandstone massive, limonite alteration + stockwork quartz veins oxidized 0.91
FWG0019 Rejet: saprolite sandstone in hang wall shear with limonite alteration + quartz and Feox veins + boxwork 0.86
FWG0189 Quartz vein (360/50) oxidized, cracked + boxwork in trench 0.82
FWG0192 Quartz vein (350/60) 10cm oxidized, cracked + boxwork in trench 0.82
FWG0029 Sheared sandstone, chlorite, sericite alteration + quartz veinlets sheared + boxwork 0.8
FWG0117 Hanging wall sandstone sheared, limonite alteration + stockwork quartz veins oxidized 0.8
FWG0131 Sandstone massive + stockwork quartz veins 0.79
FWG0212 Reject sandstone massive massive, limonite alteration + quartz veins hemtite alteration 0.77
FWG0170 Sandstone oxidized + stockwork quartz veins in excavation 0.75
FWG0113 Quartz vein in sandstone oxidized + boxwork 0.73
FWG0222 Sandstone massive, kaolinite alteration + feox veinlets 0.73
FWG0020 Rejet: saprolite sandstone in hang wall shear with limonite alteration + quartz and Feox veins + boxwork 0.7
FWG0126 Sandstone massive, hematite alteration + quartz veins 0.7
FWG0125 Sandstone massive, hematite alteration 0.67
FWG0001 Brecciated sandstone with argilitic clasts and moderate hematite alteration 0.66
FWG0167 Quartz veins, cracked, brecciated, + pyrite (Ore of artisanal miners) 0.66
FWG0208 Massive sandstone, limonite alteration + stockwork quartz veins in excavation 0.66
FWG0151 Sandstone massive, hematite alteration + stockwork quatz veins + pyrite disseminated 0.65
FWG0044 Sheared sandstone, alteration in hematite + quartz veins 0.44
FWG0080 Sandstone massive weak weathered, hematite alteration, stockwork quartz veins oxidized 0.41
FWG0230 Sheared sandstone, limonite alteration + quartz veins 0.41
FWG0054 Saprolite sandstone in hanging wall showing limonite alteration 0.4
FWG0138 Sandstone massive + individual quartz veins 0.39
FWG0233 Saprolite sandstone, limonite alteration + feox veinlets 0.39
FWG0153 Quartz veins, cracked, brecciated, + pyrite (Ore of artisanal miners) 0.38
FWG0086 Quartz veins (090/50) oxidized, hematite + limonite alteration 0.37
FWG0173 Quartz veins fragments cracked 0.36
FWG0075 Quartz veins (300/60) very oxidized, hematite alteration, brecciated + boxwork 0.35
FWG0184 Hanging wall sandstone sheared, limonite alteration + stockwork quartz veins + boxwork 0.32
FWG0096 Quartz veins (360/60) 5-10cm, sheared, brecciated, limonite alteration + boxwork (Ore of artisanal miners) 0.31
FWG0123 Mafic intrusive foliated weakly 0.3
FWG0164 Quartz vein (010/40) oxidized 5-10cm, oxidized, cracked in excavation 0.27
FWG0178 Sandstone massive, silica, hematite alteration +pyrite disseminated 0.27
FWG0181 Hanging wall sandstone sheared, limonite alteration + stockwork quartz veins 0.27
FWG0050 Saprolite of sandstone sheared, hematite + limonite alteration + quartz veinlets + boxwork 0.26
FWG0073 Stockwork quartz veins cracked + boxwork 0.26
FWG0097 Sheared sandstone in hanging wall zone, bleached, limonite alteration + Boxwork 0.26
FWG0219 Sandstone sheared, hematite + limonite alteration + stockwork quartz veins brecciated 0.26
FWG0213 reject: quartz fragment, brecciated 0.24
FWG0101 Sandstone massive, hematite or albite alteration + disseminated pyrite 0.21
FWG0132 Quartz veins, cracked, brecciated, + boxwork (Ore of artisanal miners)) 0.21
FWG0043 Masssive sandstone weak weathered + quartz veins + boxwork 0.17
FWG0216 Quartz fragment 15cm oxidized, cracked 0.17
FWG0165 Quartz veins fragments in excavation 0.16
FWG0082 Quartz veins (115/75) parallel in sandstone-conglomeratic 0.14
FWG0199 Hanging wall sandstone sheared, limonite alteration + stockwork quartz veins + boxwork 0.14
FWG0224 Massive sandstone, limonite + hematite alteration + Feox veins 0.14
FWG0223 Sandstone massive, kaolinite alteration + feox veinlets 0.12

 

Interpretation and Follow Up

Given the excellent results from the geological mapping and grab sampling program at Frikidi, further work is warranted. The Company is planning to follow up with a drill program consisting of a combination of air-core and reverse circulation drilling to further assess the potential of the Frikidi prospect area.

 

ON BEHALF OF THE BOARD

“Jared Scharf”

___________________________

Jared Scharf
President & Director
+1 (858) 247-8195

 

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company which holds 3 gold exploration permits in Western Mali (Farabantourou, Segala West and Djimbala) and its Rutare gold project in central Rwanda.

For further information please visit www.SEDAR.com under the company’s profile. 

ContactO=
Jared Scharf
President and Director
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel.: +1 (858) 247-8195
Website: www.desertgold.ca

QA/QC Procedures

All grab samples were geologically described following Desert Gold’s established standard operating procedures. For grab sampling, all individual samples represent approximately 2-3 kilograms that is sent for preparation and gold assaying at the SGS laboratories in Bamako, Mali. Each sample is fire-assayed for gold by SGS laboratories in Bamako using Au-FAA505 method that is a 50g fire assay fusion with AAS instrument finish. In addition to SGS own QA/QC (Quality Assurance/Quality Control) program, an internal quality control and quality assurance program is in place throughout the sampling program, using blind duplicates (1 :20), blanks (1 :20) and recognized industry standards (1 :20).

Technical Disclosure

This press release contains certain scientific and technical information of Desert Gold. The Company is solely responsible for the contents and accuracy of any scientific and technical information disclosure relating to it.

Don Dudek, P.Geo. is 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.

Forward-Looking Statement Disclosure

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.