Le Lézard
Classified in: Mining industry, Business
Subject: CON

Desert Gold Signs Drilling Contract with Geodrill and Outlines Drilling Program at Segala West; its Highly Prospective Target in Western Mali



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.

Highlights

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.

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.)

 

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.

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.)

 

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

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-55

RC

PHASE 2

BYNRC0003

257366

1437628

143

80

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-55

RC

PHASE 2

BYNRC0004

257319

1437720

145

80

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-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:

3 RC holes for 360 meters will test the along strike north extension 100 meters of the mineralisation intersected by TransAfrika.

Figure 5: Historic and proposed drill holes over soil anomaly at Baroya north target (CNW Group/Desert Gold Ventures Inc.)

 

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.


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