Desert Gold's Joint Venture Partner Commences Field Work at the Djimbala Gold Project, Southern Mali
Delta, British Columbia--(Newsfile Corp. - December 15, 2020) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) (the "Company") is pleased to announce that its joint venture partner, Indigo Exploration, has begun its work program at the Djimbala gold project in southern Mali, West Africa, 220 km south of the capital of Bamako. Work crews are now in the field at Djimbala. The phase 1 program will consist of 623 auger drill holes focused on the two highest priority targets, Djilefing and Forela, with the aim to prioritize targets prior to a phase 2 air core (AC) drilling program.
The Djilefing target covers 2.5 kilometres by 2 kilometres of artisanal workings that indicate at least 3, northly- to northeast-oriented trends of gold mineralization. Some 300m north of the permit, along a northerly extension of the Djilefing target, previous drill holes returned 2.59 g/t Au over 6m. As well, the 1.5 kilometre long, north-trending Forela target area, also aligns with drilling 300m north of the Djimbala Permit that returned drill intercepts of 4.75 g/t Au over 6m, 3.13 g/t Au over 6m and 2.45 g/t Au over 8m (See Figure 1).
The Djimbala Permit is situated in the Yanfolila Gold Belt and is surrounded by a significant number of gold deposits, mines and prospecting permits. The Djimbala Permit lies immediately east of Hummingbird Resources' 0.7 million oz Au Komana gold mine1, 21 kilometres north, along strike, of the Kodieran gold mine and 28 kilometres north, along strike, from Endeavour's high grade 3.3 million oz Au Kalana project2 (See Figure 1).
Jared Scharf, President and CEO of Desert Gold, commented, "I'm very pleased to see Indigo moving forward with this exciting work program. Desert Gold is a material shareholder of Indigo and as such we wish them the best of luck this coming work season."
This press release contains certain scientific and technical information. The Company is solely responsible for the contents and accuracy of any scientific and technical information related to it. Don Dudek, P.Geo a director of Desert Gold and a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this press release.
On Behalf of the Board
"Jared Scharf"
___________________________
Jared Scharf
CEO & Director
Figure 1. Regional Map of the Djimbala Project
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4954/70294_83b39aadd4df1814_001full.jpg
About Desert Gold
Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala), its Anumso project in Ghana's Ashanti Belt and its Rutare gold project in central Rwanda. For further information please visit www.SEDAR.com under the company's profile. Website: www.desertgold.ca
Contact
Jared Scharf, President and CEO
Email: jared.scharf@desertgold.ca
Tel. No.: +1 (858) 247-8195
This news release contains forward-looking statements. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, liquidity risks, the degree to which mineral resource estimates are reflective of actual mineral resources, the degree to which factors which would make a mineral deposit commercially viable, and the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. 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.
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