02:52:50 EST Sun 03 Dec 2023
Enter Symbol
or Name

Login ID:
Desert Gold Ventures Inc (4)
Symbol DAU
Shares Issued 38,306,258
Close 2018-11-23 C$ 0.19
Recent Sedar Documents

ORIGINAL: Desert Gold renews Farabantourou permit for 3+ years

2018-11-27 12:48 ET - News Release

Received by email:

File: Farabantourou_renewal_Nov_2018_dd.pdf

For Immediate Release
---> QXR2
                                                                                                              OTC: DAU

                                      Mali, West Africa;
          Desert Gold Secures its 100% Owned Farabantourou Permit for 9-Year Term

Delta, British Columbia, November 27, 2018. Desert Gold Ventures Inc. ("Desert Gold" or "the
Company") (TSXV: DAU) is pleased to announce that it has successfully renewed its 100% owned
Farabantourou permit for an initial 3-year term. Furthermore, the license terms grant Desert Gold the option to
renew the permit for two additional 3-year terms giving the Company control of Farabantourou until
November 2027.

About Farabantourou

The permit is 122km2 and spans the Senegal-Mali Shear Zone ("SMSZ") which is related to 30 million + oz
gold of production and resources(1). The permit contains 7 known gold zones with many material drill
intercepts including:

        8.40 g/t gold over 10 metres
        6.28 g/t gold over 13 metres
        2.29 g/t gold over 20 metres
        9.99 g/t gold over 4 metres
        8.07 g/t gold over 8 metres

In addition to the numerous known gold zones, property-scale soil sampling demonstrates a significant amount
of gold-in-soil anomalies and anomalous gold-in-soil anomaly trends that have not yet been fully evaluated.
The newly discovered Frikidi trend was one of these anomalous areas. There are in excess of 45 untested gold-
in-soil anomalies containing greater than 200 ppb gold with values ranging up to 7,589 ppb gold. These
anomalies, which occur both east and west of the SMSZ, suggesting significant exploration potential in a
variety of geological settings, appear to show a 10 km long anomalous trend located on or adjacent to the
SMSZ (see Figure 1).

Work Commencement

Fieldwork at Farabantourou is scheduled to start in December 2018 and continue into 2019. The Company is
planning an ambitious exploration program at all three of its properties in Mali. At Farabantourou, drilling is
planned to follow up known gold zones. At Farabantourou and Segala West, auger drilling will be carried out
over select laterite-covered zones in conjunction with geological mapping, prospecting and systematic
evaluation and prioritization of strong gold-in-soil targets. At Djimbala, which is contiguous to
Hummingbird's Yanfolila mine permit, previously collected soil samples will be analyzed with follow-up
field evaluation and property-scale mapping. This work, in conjunction with drilling, is expected to lead to the
development of a significant number of new priority drill targets at all three properties.

         4770 72 Street, Delta, British Columbia | Canada | V4K 3N3 | Office +1 (604) 357 4726 | Fax +1 (604) 592 6882
  (Figure 1) Farabantourou Property Map Showing Frikidi Trend, Gold-in-Soil Anomalies and
                              Select Historic Drill Intercepts

Desert Gold holds three gold projects in Mali (Farabantourou, Segala Ouest and Djimbala), of which,
Farabantourou and Segala West are located within the Kenieba Inlier of western Mali. The Farabantourou
project lies 40 km to the south of AngloGold Ashanti's/Iamgold's Sadiola gold mine and 50 km to the north of
Randgold's Loulo-Gounkoto complex gold mines (see Figure 2).

         4770 72 Street, Delta, British Columbia | Canada | V4K 3N3 | Office +1 (604) 357 4726 | Fax +1 (604) 592 6882
 (Figure 2) Location of Desert Gold's Farabantourou and Segala Ouest gold projects in western
(1)   Randgold's Loulo-Gounkoto mine complex to the west with ore reserves of 32 Mt average at 4.6 g.t for 3.7 million
---> oz Au in the Proven and
      Probably category. Endeavour Mining's Tabakoto and Segala mines which hosts ~3 million oz Au (18.5 Mt at 3.5 g/t
---> for 1.8 million oz Au

       4770 72 Street, Delta, British Columbia | Canada | V4K 3N3 | Office +1 (604) 357 4726 | Fax +1 (604) 592 6882
            measured and indicated, 9 Mt at 3.6 g/t for 1 million oz Au inferred and 6.4 Mt at 3.5 g/t for 0.7 million
---> oz Au proven and probable. B2Gold
           Fekola mine to the south with ore reserves of 48.3 million Mt average at 2.37 g/t gold for 3.34 million oz 
--->Au in the Proven and Probably
           category and 65.8 million Mt average at 2.13 g/t gold for 4.5 million oz Au. To the north Sadiola/Yatela mi
--->ne contains ore reserves of 38
           million Mt at 1.57 g/t gold for 2 million oz Au and 87 million Mt at 1.58 g/t gold for 6 million oz Au in t
--->he measured and indicated category.


"Sonny Janda"
Sonny Janda

For further information please contact Jared Scharf, President, at +1 (858) 247-8195 or visit

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 as a Qualified Person as defined in the National
Instrument 43-101.

Additional information can also be viewed at www.SEDAR.com under the company's profile.

This news release contains forward-looking statements respecting the Company's ability to successfully complete the Of
--->fering. These forward-looking
statements entail various risks and uncertainties that could cause actual results to differ materially from those refl
--->ected 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, including the inability of the Company to successfully complete th
--->e Offering. These uncertainties
and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, fundin
--->g, and liquidity risks; the degree to
which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which wou
--->ld make a mineral deposit
commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties abou
--->t 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 stateme
--->nt 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 regist
--->ered 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 o
--->f a U.S. person absent an exemption
from the registration requirements of such act.

             4770 72 Street, Delta, British Columbia | Canada | V4K 3N3 | Office +1 (604) 357 4726 | Fax +1 (604) 592 

© 2023 Canjex Publishing Ltd. All rights reserved.