DELTA, BC, Sept. 29, 2017 /CNW/ - DESERT GOLD VENTURES INC. ("Desert Gold" or the "Company") (TSX.V: DAU /FF: QXR2 /OTC: DAUGF) is pleased to announce that it has signed a drilling contract with Geodrill Ltd. The contract is for a total of 5,100 meters of drilling comprised of 1,500 meters of diamond drilling ("DD") and 3,600 meters of reverse circulation drilling ("RC"). The program is scheduled to commence in the second half of October 2017 and will target The Company's highly prospective Segala West permit; most notably 4 large artisanal mining operations in the southern area of the permit known as the Baroya area. The Segala West project is located within the Kenieba Inlier of western Mali. The permit is within a 20km radius of several large gold mines, including Randgold's Loulo Gounkoto mine complex and Endeavour Mining's Segala, Tabakoto and Kofi mines.
Figure 1: Proposed drill holes at Baroya north over historic TransAfrika drilling (CNW Group/Desert Gold Ventures Inc.)
Figure 2: Segala West permit soil anomaly with Axmin previous drilling with area to consider for detailed mapping (CNW Group/Desert Gold Ventures Inc.)
Figure 3: Soil anomaly and artisanal sites along interpreted mineralized corridor with surrounding mine (see Figure 4) (CNW Group/Desert Gold Ventures Inc.)
Figure 4: Segala West Artisanal Mining sites location with surrounding mines (Randgold resources of 51 Mt at 4.4 g/t for 5.7 million oz au Measured and Indicated, 20 Mt at 3.9 g/t for 2 million oz au inferred and ore reserves of 32 Mt average at 4.6 g.t for 3.7 million oz au in the Proven and Probably category. Endeavour Mining hosts ~3 million oz Au is less than 1 km2 (18.5 Mt at 3.5 g/t for 1.8 million oz au measured and indicated, 9 Mt at 3.6 g/t for 1 million oz au inferred and 6.4 Mt at 3.5 g/t for 0.7 million oz au proven and probable) (CNW Group/Desert Gold Ventures Inc.)
Figure 5: Historic and proposed drill holes over soil anomaly at Baroya north target (CNW Group/Desert Gold Ventures Inc.)
Highlights
A total of 5,100 meters to be drilled at Segala West; comprised of 1,500 meters of DD drilling and 3,600 meters of RC drilling.
The drill program will follow up a mapping and grab sampling program that was conducted at Segala West earlier this year at the 4 artisanal mining operations located on the permit (see Company press release dated June 21, 2017). Results from that program yielded excellent results including gold values from grab samples of 41 g/t au at Baroya; 19 g/t au at Baroya north; 11.9 g/t au at Segala; and 39.2 g/t au at Baroya north west.
Previous Exploration Axmin Inc. initially targeted interpreted cross cutting structures mostly in the northern area of the permit. Initial review and interpretation of this drilling showed localised shallow high-grade intercepts. In addition, several other soil anomalies remain unexplored within the Segala West permit. Several targets were poorly tested with limited RC and DD done by Axmin and TransAfrika Resources. This drilling focussed mostly on the northern part of the permit. However the southern area appears to be the most prospective with several on-going large artisanal mining operations that coincide with a robust soil anomaly of nearly 24km2.
Segala West Drilling Program Overview The work program will be conducted in two phases starting with 1,500 meters of DD aiming to better define the geology and the structural controls of the mineralisation followed by 3,600 meters of RC to deliver an initial inferred resource base.
Baroya Located to the northeast and close to the village of Baroya. Baroya has more than 450 meters of strike length and 50 meters of width. The area is active with more than 200 local artisanal miners. Two holes totalling 400 metres of Diamond drilling are planned to better defined the geology and the structural control of the mineralisation. RC drilling consisting of 9 holes for 820 meters on 50 meters grid spacing will be used in order to generate initial inferred resources over the target.
BHID
XCOLLAR
YCOLLAR
ZCOLLAR
EOH
AZIMUTH
DIP
BH_TYPE
PHASE
BYDD0001
257615
1435574
122
200
230
-55
DD
PHASE 1
BYDD0002
257720
1435402
120
200
230
-55
DD
PHASE 1
BYRC0001
257522
1435627
124
100
230
-55
RC
PHASE 2
BYRC0002
257561
1435594
125
100
230
-55
RC
PHASE 2
BYRC0003
257613
1435508
125
100
230
-55
RC
PHASE 2
BYRC0004
257657
1435479
120
100
230
-55
RC
PHASE 2
BYRC0005
257682
1435436
122
100
230
-55
RC
PHASE 2
BYRC0006
257708
1435328
120
80
230
-55
RC
PHASE 2
BYRC0007
257668
1435297
120
80
230
-55
RC
PHASE 2
BYRC0008
257725
1435279
118
80
230
-55
RC
PHASE 2
BYRC0009
257686
1435247
118
80
230
-55
RC
PHASE 2
List of planned holes for Baroya prospect
Baroya North Located 1.7km to the north of Baroya, Baroya North has more than 700m strike length. Encouraging results were reported from the rock sampling that demonstrates the potential for mineralised structure over the target. 2 holes totalling 400 metres of DD are planned to better defined the geology and the structure control of the mineralisation. Follow up RC drilling will contribute to an improvement in data density needed for initial resource estimation.
BHID
XCOLLAR
YCOLLAR
ZCOLLAR
EOH
AZIMUTH
DIP
BH_TYPE
PHASE
BYNDD0001
257521
1437495
143
200
230
-55
DD
PHASE 1
BYNDD0002
257384
1437689
146
200
230
-55
DD
PHASE 1
BYNRC0001
257504
1437416
142
80
230
-55
RC
PHASE 2
BYNRC0002
257423
1437544
144
80
230
-55
RC
PHASE 2
BYNRC0003
257366
1437628
143
80
230
-55
RC
PHASE 2
BYNRC0004
257319
1437720
145
80
230
-55
RC
PHASE 2
BYNRC0005
257268
1437808
146
80
230
-55
RC
PHASE 2
BYNRC0006
257200
1437882
150
80
230
-55
RC
PHASE 2
List of planned holes for Baroya North prospect
Segala With more than 350 strike length, it is located at 800m to the east of Baroya north and appears to be the extension of the structure of the Segala gold mine corridor currently in production by Endeavour Mining. Encouraging results were reported from the pit mapping and rock-sampling program conducted in April of this year and demonstrate the high potential for a significant target. A drilling program consisting of two diamond holes for 450 meters and 5 RC holes for 550 meters is proposed to rapidly assess the potential endowment of the target.
BHID
XCOLLAR
YCOLLAR
ZCOLLAR
EOH
AZIMUTH
DIP
BH_TYPE
PHASE
SGDD0001
258032
1438162
157
200
160
-55
DD
PHASE 1
SGDD0002
258139
1438162
144
250
160
-55
DD
PHASE 1
SGRC0001
257943
1438116
146
120
160
-55
RC
PHASE 2
SGRC0002
257983
1438152
144
120
160
-55
RC
PHASE 2
SGRC0003
258089
1438153
145
130
160
-55
RC
PHASE 2
SGRC0004
258195
1438153
146
120
160
-55
RC
PHASE 2
SGRC0005
258266
1438107
145
120
160
-55
RC
PHASE 2
List of planned holes for Segala prospect
Baroya Northwest With more than 400m strike length, this site is located 1km to the west of the Baroya North site. Local artisanal miners recently discovered this site and it has quickly grown over the last 6 months. Promising mineralisation with visible gold was reported from the pit mapping and rock-sampling program completed in June of this year. A drilling program consisting of 1 DD hole for 150 meters and 6 RC holes for 600 meters is proposed to define an initial inferred resource and get a better understanding of the structural controls.
BHID
XCOLLAR
YCOLLAR
ZCOLLAR
EOH
AZIMUTH
DIP
BH_TYPE
PHASE
BYNWDD0001
256005
1437880
148
150
90
-55
DD
PHASE 1
BYNWRC0001
256078
1437780
138
100
90
-55
RC
PHASE 2
BYNWRC0002
256050
1437830
141
100
90
-55
RC
PHASE 2
BYNWRC0003
256007
1437929
142
100
90
-55
RC
PHASE 2
BYNWRC0004
255995
1437979
145
100
90
-55
RC
PHASE 2
BYNWRC0005
255991
1438029
148
100
90
-55
RC
PHASE 2
BYNWRC0006
255950
1438160
138
100
90
-55
RC
PHASE 2
List of planned holes for Baroya Northwest
Conceptual Exploration Drilling This will focus on extension of the Baroya north target where TransAfrika Resources completed first pass RC drilling. Initial review and interpretation of this drilling has showed relatively shallow, high grade intercepts. However, the drilling azimuth used during the program remains questionable with no mapping and structure support. Conceptual drilling will consist of:
2 RC holes for 230 meters to be drill toward the west (270⁰) to test the concept of East dipping mineralisation base on the recent mapping and sampling program.
4 RC holes for 480 meters are planned to assess untested significant Au-in-soil anomaly that coincide with interpreted major cross-cutting structures.
3 RC holes for 360 meters will test the along strike north extension 100 meters of the mineralisation intersected by TransAfrika.
This note was reviewed by Dr. Luc Antoine who is a director of the Company and is registered as a Member of the Geological Society of South Africa (MGSSA 967397). He approves the scientific and technical disclosure in the news release and has the necessary experience relevant to the style of mineralization and types of deposits under consideration and to the activity that he is undertaking to qualify as a Qualified Person as defined in the National Instrument 43-101.
ON BEHALF OF THE BOARD
s/"Jared Scharf" Jared Scharf, President
+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.
SOURCE Desert Gold Ventures Inc.
Jared Scharf, President and Director, Desert Gold Ventures Inc., +1 (858) 247-8195
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