Desert Gold's GWN Zone Returns More Positive Drill Intercepts Including 1.91 gt Gold over 32 metres with up to 5 lenses of Gold Mineralization Defined along a Strike Length of 1.6 km to a Depth of 175 metres | MarketScreener

2022-07-01 23:31:53 By : Ms. Leaf Ye

Delta - Desert Gold Ventures Inc. (the 'Company') (TSX.V: DAU, FSE: QXR2, OTCQB: DAUGF) is pleased to announce results from 13 RC holes and 78 AC holes drilled to test the depth, strike extent and continuity of the Gourbassi West North Zone at the Company's SMSZ Project in Western Mali.

All RC holes intersected significant amounts of gold mineralization with a highlight intercept of 1.91 g/t gold over 32 metres.

The Gourbassi West Zone has been traced for 1,600 metres along strike and to 175 metres depth. Up to five lenses of gold mineralization have been modelled with the GWN-A Lens the most continuous and best developed.

Jared Scharf, President and CEO commented 'Our recent drilling continues to return numerous, wide intercepts of goldJared Scharf, President and CEO commented 'Our recent drilling continues to return numerous, wide intercepts of goldmineralization along a 1.6 km long zone with up to 5 lenses of gold mineralization encountered along a 130-metre-widecorridor. This recently defined gold system, which is not part of our current resource, shows the tremendous goldendowment of the region and the potential for resource expansion and additional discoveries at the SMSZ Project.'

The Gourbassi West North (GWN) Zone, which was discovered in July 2021, lies near the west side of the SMSZ propertypackage. Drilling has identified up to five lenses of gold mineralization with one lens GWN-A, having the bestcontinuity along a 1,600 metre strike. Lenses D and E are not well defined and more drilling is required to determine their extent.

In 2022, a total of 94 holes totalling 4,372.5 metres of drilling have been completed over the GWN Zone including 3 coreholes totalling 605.5 metres, 14 RC holes totalling 1,854 metres and 78 AC holes totalling 2,066 metres. These holes were designed to test the extent of the GWN Zone for 1,800 metres along strike to a depthof 175 metres. The widest gold zones occur proximal to the west side of a rotated portion of a fault zone and silicifiedhydrothermal breccia. Mineralization generally dips steeply to the west, but hole FR-DD-22-009 suggests that locally themineralization may also dip to the east. Individual assays range up to 8.68 g/t Au over 0.4 metres in the strongest part of the GWN-A lens.

A long section of the GWN-A Lens displays an approximate 350-metre-long, higher grade and width portion of the lenswith extensions to the north and south. Results to date show that AC holes have closed off the zone to the north,but the zone is still open to the south towards the Gourbassi West Deposit. Overall, the system, especially the GWN-ALens, is still open to depth below the deepest intercept at 175 metres vertical from surface.

All gold grades over width, with the exception of the Soa, Berola and Gourbassi prospects, represent drill holes with the true widths, for most holes, ranging from 65 to 95%. Estimated true widths for the Soa and Berola prospects are unknown. Estimated true widths at the Gourbassi Zones are estimated to range from 60% to 90%.

Wire framing of the GWN lenses is in progress with a goal to plan additional drill holes and update the resource estimate. Auger and additional AC holes to the north and east of the Gourbassi West North Zone, as well as follow-up to 2021 drill and auger results, which were not completed during the recent program, still need to be drilled.

Desert Gold Ventures Inc. is a gold exploration and development company which holds 2 gold exploration permits in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda. In Mali, Desert Gold's SMSZ property hosts Measured and Indicated Mineral Resources of 8.47 million tonnes grading 1.14 g/t gold totaling 310,300 ounces and Inferred Mineral Resources of 20.7 million tonnes grading 1.16 g/t gold totaling 769,200 ounces.

This news release contains forward-looking statements. 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. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, liquidity risks, the degree to which Mineral Resource estimates are reflective of actual Mineral Resources, the degree to which factors which would make a mineral deposit commercially viable, and 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. 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.

Email: jared.scharf@desertgold.ca

(C) 2022 Electronic News Publishing, source ENP Newswire