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Desert Gold Ventures Inc.
Summary
| Project: | Farabantourou | |
|---|---|---|
| Deposit: | Farabantourou | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-7-2018: Desert Gold Ventures Inc. announces an Exploration/Drilling Update report for its Farabantourou deposit at the Farabantourou project. Drilling results incl. 13m @ 6.28g/t Au from 99m. Delta, British Columbia, July 30, 2018. Desert Gold Ventures | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr. Luc Antoine (Internal) | |
| ABSTRACT: | Delta, British Columbia, July 30, 2018. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that it has concluded its previously announced drill program at its Farabantourou Permit in western Mali. This program is a first step of a larger regional-scale gold exploration strategy that is focused along and proximal to the Mali-Senegal Fault Zone (“MSFZ”), which is related to more than 7 gold deposits1 that are being, or have been, mined. Desert Gold’s holds three gold projects (Farabantourou, Segala Ouest and Djimbala) of which Farabantourou and Segala West are located within the Kenieba Inlier of western Mali. The Farabantourou project lies within 40 km to the south of AngloGold Ashanti/Iamgold Sadiola gold mine and 50 km to the north of RandGold Loulo-Gounkoto complex gold mines (see Figure 1). The Farabantourou exploration program consisted of 30 RC and 1 core hole, together totaling 4,059 metres, property-scale prospecting and geological mapping. Desert Gold targeted three known zones that are related to shear and fracture zones within a folded sequence of mixed limestones, siltstones and shales with stronger gold mineralization related to sulphide replacement zones in altered limestones. This mineralization style mimics that of the nearby sulphide-replacement altered, limestone-hosted Sadiola and Yatela deposits that are host to more than 8 million ounces of gold. | |
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