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
- 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.