Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.
In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.
At present, the British Columbia-based miner is working on assaying 2,150 soil samples that its field team collected over the north-western portion of the property. "This work, in conjunction with follow-up field evaluation and property-scale mapping and soil sampling over the remaining portion of the permit, is expected to lead to the development of a significant number of drill targets on the property which has seen no reported drilling to date," the media statement reads.
Djimbala is a 100-square-kilometre land pack located in Mali's Yanfolila gold belt. The project is close to several large operating mines and gold deposits including Hummingbird's 2.2-million ounce Komana East and West deposits, Wassoul Or's Kodieran mine and Endeavour's 3.25-million ounce Kalana deposit.