Targets Include Untested Artisanal Mining
Zones at Three Sites That Returned Grab Samples in Excess of 30 g/t
Au per tonne and a Conceptual Granite-Hosted Target
TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
DELTA, BC, Nov. 14, 2017 /CNW/ - Desert Gold Ventures
Inc. ("Desert Gold" or "the Company")(TSX.V: DAU, FF: QXR2,
OTC: DAUGF) is pleased to announce the start of its previously
announced drill program at Segala West. The Company also recently
completed a mapping, rock and soil sampling program at Yatia West;
a newly discovered artisanal mining site located in the northwest
of the permit.
ABOUT THE DRILL PROGRAM
The drill program currently underway consists of two phases
designed to test a series of multi-kilometer long,
northeast-trending structures including the following:
- The strike continuation of the east-northeast structures that
host Endeavour's Segala mine
- A parallel, northeast-trending structure that cuts a granitic
body where a 'Roxgold-type' target has been generated
- Two northwest-trending structures that host untested artisanal
mining areas that have returned grab samples up to 50 g/t Au and a
very unique style of primary iron oxide related gold
mineralization
- Phase 1 consists of 1,000 meters of diamond drilling for which
5 holes are planned
- Phase 2 consists of 2,000 meters of reverse circulation
drilling consisting of 18 holes and 5,000 meters of air core
drilling consisting of 100 holes
Desert Gold's President Jared
Scharf commented, "We are very pleased to finally begin
drilling at Segala West. We have wanted to drill this target for
quite sometime and are now in a position to do so. Results from
surface exploration this year are very encouraging and have allowed
us to refine our targets and improve our knowledge of the area. We
look forward to providing guidance to the market as results come
out."
NEW HIGHLIGHTS FROM THE GRAB SAMPLING PROGRAM AT YATIA
WEST
Assay results from grab samples received from pit mapping and
rock sampling at Yatia West returned significant high-grade gold
values including the following:
- 50 g/t;
- 13.8 g/t;
- 10.9 g/t;
- 9.63 g/t; and
- 8.33 g/t
RESULTS FROM ROCK SAMPLING AND MAPPING PROGRAM AT
YATIA WEST
Located to the north of the Baroya NW prospect, the artisanal
mining area is roughly 450 meters in strike length and 40 meters in
width. Yatia West is active with more than 100 local artisanal
miners. The geology is characterized to the west by epiclastic
silts and sandstone formations and to the east by detrital siltites
and argillite sedimentary formations. These rock units are locally
hematite, limonite and kaolinite altered. Different types of quartz
veins related to the gold mineralization include individual veins,
stockworks and quartz veins and associated disseminated box works
with shearing. The mineralized zones strike 350 azimuth and dip 45
to 70 degrees to the west. A total of 58 samples were collected and
sent to SGS Laboratories in Bamako
to be assayed. Grab samples are selective samples and are not
necessarily representative of the mineralisation hosted on the
property.
RESULTS FROM YATIA WEST ROCK SAMPLING PROGRAM
DELIVERING >1 G/T AU
Samples
ID
|
Description
|
Au
g/t
|
A2117
|
Quartz veins very
oxidized, strong sheared and brecciated + boxworks corresponding to
the footwall ore according the orpaillors
|
50
|
A2116
|
Parallel network
quartz vein (N200/40) 1cm width very oxidized, (From well 5m
depth)
|
13.8
|
A2091
|
Massive saprolite
siltstone showing limonite and hematite alteration with stockwork
of quartz viens oxidized + moderate boxwork disseminated
|
10.9
|
A2100
|
|
9.63
|
A2076
|
Massive saprolite
siltstone intruded by quartz veins oxidized with boxworks
showing weak hematite alteration
|
8.33
|
A2080
|
Quartz fragments
oxidized, showing hematite alteration + disseminated boxwork
(Samples delivered by artisanal workers corresponding to their
ore)
|
6.45
|
A2087
|
Quartz veins fragment
very oxidized, brittle deformed, cracked (Samples delivered by
artisanal workers corresponding to their ore according to
themselves)
|
6.08
|
A2090
|
Massive saprolite
with stockwork of quartz veins oxidized showing limonite alteration
+ disseminated boxworks
|
5.66
|
A2077
|
Fragment of quartz
veins oxidized strongly and cracked with boxworks
|
5.1
|
A2098
|
Individual quartz
vein( N355/50) 1cm width oxidized moderately from erosional
outrcrop.
|
5.07
|
A2118
|
Qaurtz veins very
oxidized, showing hematite alteration, brecciated + boxworks given
by orpaillar at 15m vertical depth
|
3.98
|
A2082
|
Massive saprolite
siltstone intruded by quartz veins oxidized with boxworks
showing weak hematite alteration
|
3.23
|
A2085
|
Quartz fragments
oxidized strongly, hematite alteration, cracked with
boxwork
|
2.79
|
A2127
|
|
2.66
|
A2083
|
Massive saprolite
siltstone with moderate sheared quartz veins very oxidized showing
hematite alteration
|
2.6
|
A2120
|
Yellow saprolite of
siltstone with strong limonite + ductile sheared quartz veins
corresponding to the footwall units according the
orpaillors
|
2.5
|
A2084
|
Massive saprolite
siltstone with moderate sheared quartz veins very oxidized showing
hematite alteration
|
2.42
|
A2121
|
Yellow saprolite of
siltstone with strong limonite + ductile sheared quartz veins
corresponding to the footwall units according the
orpaillors
|
1.92
|
A2119
|
Parallels Qaurtz
veins (N150/35) 2-5cm width very oxidized, showing hematite and
limonite alteration (From an excavation)
|
1.81
|
A2089
|
Massive saprolite
siltstone sheared showing hematite and limonite alteration + quartz
veins oxidized
|
1.74
|
A2081
|
Siltstone with
sheared quartz veins oxidized + boxworks, showing hematite
alteration
|
1.6
|
A2108
|
Very oxidized quratz
vein ( N328/62) with limonite alteration, brecciated + boxwork
(From an excavation)
|
1.32
|
A2125
|
Massive pink
saprolite showing strong hematite alteration + stockwork quartz
veins + disseminated boxworks (From an excavation)
|
1.27
|
A2122
|
Pink saprolite of
siltstone with moderate hematite alteration + sheared + stockwork
oxidized quartz veins + boxwork (From an
excavation)
|
1.2
|
A2126
|
Quartz veins (200/60)
5-8m very oxidized, brittle deformed + boxworks ( From an
excavation)
|
1.13
|
A2124
|
Parallel sheared
quartz veins (354/42) very oxidized, brittle deformed brecciated +
strong hematite alteration (From an excavation)
|
1.01
|
ABOUT SEGALA WEST
The Segala West permit is surrounded by several large gold mines
including Randgold's Loulo-Gounkoto mine complex to the West where
the company has declared resources of 51 Mt at 4.4 g/t for 5.7
million oz au Measured and Indicated, 20 Mt at 3.9 g/t for 2
million oz Au inferred and ore reserves of 32 Mt average at 4.6 g.t
for 3.7 million oz Au in the Proven and Probably category.
Adjacent to the East of Segala West are Endeavour Mining's
Tabakoto and Segala mines with Kofi and Kefola prospects to the
north and south respectively. The surface expression of the
neighboring mine, Tabakoto (Endeavour Mining), which hosts ~3
million oz Au is less than 1 km2 (18.5 Mt at 3.5 g/t for
1.8 million oz au 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).
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 that he
is undertaking to qualify as a Qualified Person as defined in the
National Instrument 43-101.
ON BEHALF OF THE BOARD
"Jared Scharf"
___________________________
Jared Scharf
President & Director
+1 (858) 247-8195
For further information please visit www.SEDAR.com under the
company's profile.
This news release contains forward-looking statements
respecting the Company's ability to successfully complete the
Offering. 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, including the
inability of the Company to successfully complete the Offering.
These uncertainties and risks include, but are not limited to, the
strength of the capital markets, the price of gold; operational,
funding, and liquidity risks; the degree to which mineral resource
estimates are reflective of actual mineral resources; and the
degree to which factors which would make a mineral deposit
commercially viable are present; 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.
SOURCE Desert Gold Ventures Inc.