Desert Gold Ventures Reports the Mapping of a 24 km2 Anomalous Zone on Its Segala Ouest Permit in Western Mali
03 June 2014 - 10:57PM
Marketwired
Desert Gold Ventures Reports the Mapping of a 24 km2 Anomalous Zone
on Its Segala Ouest Permit in Western Mali
High grade values in anomalous zone
TORONTO, ONTARIO--(Marketwired - Jun 3, 2014) - Desert Gold
Ventures Inc. (TSX-VENTURE:DAU) (the "Company" or "Desert
Gold") is pleased to announce results from soil geochemical surveys
on the Segala Ouest tenement, which has now been completely covered
by soil geochemistry. The results delineate a very large anomalous
zone covering an area approximately 24 km2 (Fig. 1) in extent, with
high assay values noted.
The Segala Ouest prospect is situated in the middle of the gold
mining district of Kenieba about 20 km NW of the town of Kenieba.
Endeavour's Segala mine abuts the eastern boundary of the
exploration permit and their Tabakoto mine is approximately 5 km
away to the southeast. Some 15 km to the northwest are Randgold's
Loulo-Gounkoto mine complex.
To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/DAU0603.pdf
The recently conducted soil geochemical survey, in which 2342
soil samples were collected by GeoActiv Pty Ltd (a South African
geological contracting and consulting company) and analysed by the
ALS Chemex SA PTY Ltd laboratory in South Africa, completes a
blanket geochemical analysis of the exploration permit . The
results delineate an 8 km long and 3 km wide corridor traversing
the tenement in a northwesterly direction. The soil sample database
comprises 6032 lognormally distributed Au Values with thresholds of
669 ppb, 204 ppb and 20 ppb, for the respective 1, 5 and 50
percentiles.
There are significant artisanal mining activities focused in two
areas: (1) on the NW strike extension of Endeavour's Segala mine,
(the "Segala pit") and, (2) in the southeastern part of the
tenement nearby the village of Baroya, (the "Baroya pit"). These
mining sites target mineralised vein systems within the
metasediment host rocks. Grab samples of the material being mined
within the property were collected and assayed. Results are
tabulated below (Table 1) and demonstrate high grades in the
mineralised vein systems.
|
Sample source |
Sample ID |
depth (m) |
Au g/t |
|
BAROYA PIT |
B534205 |
35.00 |
0.58 |
|
BAROYA PIT |
B534206 |
35.00 |
15.65 |
|
BAROYA PIT |
B534207 |
40.00 |
3.82 |
|
BAROYA PIT |
B534208 |
25.00 |
0.09 |
|
BAROYA PIT |
B534209 |
25.00 |
76.30 |
|
BAROYA PIT |
B534210 |
30.00 |
0.84 |
|
BAROYA PIT |
B534211 |
30.00 |
1.60 |
|
BAROYA PIT |
B534225 |
40.00 |
39.80 |
|
BAROYA PIT |
B534226 |
40.00 |
2.38 |
|
BAROYA PIT |
B534227 |
40.00 |
1.31 |
|
SEGALA PIT |
B534215 |
20.00 |
8.82 |
|
SEGALA PIT |
B534216 |
20.00 |
5.53 |
|
SEGALA PIT |
B534217 |
50.00 |
1.05 |
|
SEGALA PIT |
B534218 |
30.00 |
1.14 |
|
SEGALA PIT |
B534221 |
25.00 |
26.60 |
|
SEGALA PIT |
B534222 |
7.00 |
0.37 |
|
SEGALA PIT |
B534223 |
10.00 |
0.58 |
| Table 1. Table of assay results of selected grab samples
collected from the artisanal mining operations. Approximate in situ
depths from which the samples were collected are given. |
Given the mineralisation in the district is hosted by geological
structures, the company recently completed an analysis of structure
both from remote sensing data as well as from previous drill core
data. The results point to a coherent set of fractures congruent
with the mineralised systems noted both at Tabakoto mine and at the
Segala mine. Both the Segala and Baroya artisanal mining sites
follow these structural orientations.
The company will drill both sites shortly to confirm the
continuity of the mineralisation and will selectively trench some
of the other significant soil geochemical anomalies to determine
the source of these anomalies.
Permit Strategy
It is the company's intention to define a sizable economic
43-101 compliant resource on the permit and engage nearby mining
operations to discuss possible ore offtake agreements.
About Desert Gold
Desert Gold Ventures Inc. is an advanced exploration and
development company which holds mining assets in Mali and
Rwanda.
The geological results stated in this report have been reviewed
by Mr Neil Andersen, registered as a Fellow of the Geological
Society of South Africa (FGSSA) No 5520 and is registered with the
South African Council for Natural Scientists (Pr. Sci. Nat.,
401458/83). BSc. (Geology, Chemistry, UCT), BSc (Special Hons.
Exploration Geology, UR), MSc (Structural Geology, UP). He has
sufficient experience which is relevant to the style of
mineralisation and metallurgical processes under consideration and
to the activity which he is undertaking to qualify as a Qualified
Person as defined in National Instrument 43-101.
This news release has been prepared on behalf of the board of
directors of Desert Gold, which accepts full responsibility for its
contents.
For further information concerning Desert Gold Ventures Inc. and
the TransAfrika material properties, please refer to Desert Gold's
SEDAR profile at www.sedar.com or visit our website at
www.desertgold.ca.
Desert Gold Ventures Inc.Jared ScharfCFO1 (416) 662-39711 (604)
408-9301jared.scharf@desertgold.cawww.desertgold.ca
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