Delta, May 9, 2023 - Desert Gold Ventures Inc. is pleased to highlight a recently proposed transaction where a new management group, comprised of former Yamana Gold Principals, plan to take Allied Gold Corp. Limited, public. Allied Gold's principal asset, the Sadiola Mine Property lies contiguous to the northern boundary of Desert Gold's SMSZ Project . The Sadiola Mine contains Proven and Probable Mineral Reserves of 7.3 [...]
Desert Gold Ventures Inc. is pleased to present new gold-in-auger exploration targets on its SMSZ Project. The untested auger anomalies lie under shallow laterite cover proximal to the Company's 413,000 ounce Mogoyafara South gold deposit . Desert Gold's 440 km2 SMSZ Project is both named after and overlies a 43 km section of the prolific Senegal Mali Shear Zone . The SMSZ is related to seven gold deposits located both to [...]
Desert Gold Ventures Inc. is pleased to provide an SMSZ Project update. A total of 445 auger holes totalling 2,067 metres have been completed over priority soil and structural targets proximal to Desert Gold's Mogoyafara South and Gourbassi West North gold deposits. Samples for these holes have been submitted to SGS Laboratories in Bamako. As part of Desert Gold's regular site routine, exploration staff tour our 440 km2 [...]
Desert Gold Ventures Inc. is pleased to announce the start of its auger drill program that will test high priority gold targets proximal to its 412,000* ounce gold Mogoyafara South Zone in western Mali. Mogo South is situated in the southeast corner of the SMSZ Project and lies proximal to the interpreted location of the Senegal Mali Shear Zone which is the dominant regional feature related to five active gold mines that [...]
Desert Gold Ventures Inc. is pleased to announce that, subject to stock exchange approval, it has closed a first tranche of its non-brokered private placement of 34,242,184 units at a price of CAD $0.07 per unit to raise gross proceeds of CAD $2,396,903 . Securities issued as a result of closing the First Tranche will be subject to a statutory hold period from the date of closing. In connection with closing the First [...]
Desert Gold Ventures Inc. announces that, further to its press release dated December 2, 2022, the Company has increased its Financing to raise up to CAD $4,000,000 through the sale of 57,142,857 units at a price of CAD $0.07 per unit . Each Unit will consist of one common share in the equity of the Company and one common share purchase warrant . Each Warrant entitles the holder to purchase one additional common share of [...]
Desert Gold Ventures Inc. is pleased to announce that, further to its press release dated December 1, 2022, the Company advises that it has received subscription receipts totaling $1,741,000. In light of the market's interest in the Company and this financing, the Company will continue to receive subscriptions on an oversubscribed basis until further notice. On December 1, 2022 the Company announced that, subject to [...]
Desert Gold Ventures Inc. announces that, subject to exchange approval, it will conduct a non-brokered private placement of 24,285,714 units at a price of CAD $0.07 per unit raising CAD$1,700,000 . Each Unit will consist of one common share in the equity of the Company and one common share purchase warrant . Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CAD $0.08 per [...]
Desert Gold Ventures Inc. announces preliminary metallurgical results from the first RC/core holes by the Company at its Mogoyafara South, Linnguekoto West and new Gourbassi West North Zones . Mineralized intervals of fresh rock, generally from a single lens from each of these zones were subjected to 72-hour bottle roll analysis. The Company carries out this routine metallurgical analysis as soon as fresh rock samples are [...]
Desert Gold Ventures Inc. is pleased to announce results from the first RC/core hole drilled to test the Linnguekoto West Deposit, a metallurgical hole drilled into the Barani East Deposit and the first 2 holes drilled into the Mogoyafara South Deposit. Desert Gold's President & CEO, Jared Scharf, commented, "I'm very pleased to have drilled our first three holes at Mogoyafara South and Linngeukoto West. Drill results [...]
Desert Gold Ventures Inc. is pleased to announce results from 13 RC holes and 78 AC holes drilled to test the depth, strike extent and continuity of the Gourbassi West North Zone at the Company's SMSZ Project in Western Mali. All RC holes intersected significant amounts of gold mineralization with a highlight intercept of 1.91 g/t gold over 32* metres. The Gourbassi West Zone has been traced for 1,600 metres along strike [...]
Desert Gold Ventures is pleased to announce results from the first three core holes designed to drill test the depth extent of the Gourbassi West North Zone at its SMSZ Project. All three core holes intersected significant amounts of gold mineralization with a highlight intercept of 1.08 g/t gold over 124 m* including 1.85 g/t gold over 41.1 m* and 0.7 g/t gold over 30.6 m*. The first three holes, which were all core [...]
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