Desert Gold completes drill program in support of PEA at Frikidi area, SMSZ Project, Mali

Desert Gold Ventures Inc., a prominent gold exploration and development firm, has successfully concluded its recent metallurgical and geotechnical drill program within the Frikidi area, an integral section of the SMSZ Project located in Western Mali. The primary objective of this endeavor was to acquire fresh core samples for metallurgical testing and geotechnical assessments, essential for facilitating processing and open pit designs pertinent to mining oxide and transition mineral resources.

The comprehensive drill campaign comprised 12 holes ranging from 50 to 160 meters in depth, totaling 905 meters, distributed across the Barani East (five holes), Gourbassi West (four holes), and Gourbassi West North (three holes) zones.

Notably, the Barani East and Gourbassi West zones house oxide and transition measured and indicated mineral resources, amounting to 131,000 ounces of gold with a grade of 1.41 g/t gold, along with inferred mineral resources totaling 55,000 ounces of gold graded at 1.22 g/t gold.

A forthcoming resource estimate is anticipated for the extensive 1.6 km-long Gourbassi West North zone. The oxide and transition resources encompassing all three zones are slated to be integrated into the ongoing Preliminary Economic Assessment (PEA).

Having concluded the PEA segment of the drill program, the company has initiated drilling operations for the first of four exploration holes targeting the Mogoyafara South and Frikidi Zones.

The Mogoyafara South target boasts open pit-constrained inferred mineral resources amounting to 412,800 ounces of gold graded at 1.05 g/t gold, positioning it as the largest known gold deposit within the SMSZ Project to date. Noteworthy is its potential for extension along strike and to depth, situated within a 2 km by 3 km structural rotation area, a favorable feature conducive to gold deposition in structurally-related gold camps.

Additionally, the Frikidi gold target yielded promising results with 61 rock samples exhibiting more than 5 g/t gold, among which five returned values of 100 g/t Au or higher, indicative of significant mineralization. Frikidi represents an area characterized by numerous artisanal workings, underscoring its exploration potential.

Desert Gold Ventures, with its firm foothold in the gold exploration domain, commands control over the expansive 440 km2 SMSZ Project in Western Mali. The project boasts Measured and Indicated Mineral Resources amounting to 8.47 million tonnes, graded at 1.14 g/t gold, totaling 310,300 ounces, along with Inferred Mineral Resources encompassing 20.7 million tonnes, graded at 1.16 g/t gold, totaling 769,200 ounces.

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