Desert Gold Files NI 43-101 Resource Report for its SMSZ Project

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Delta, British Columbia–(Newsfile Corp. – March 3, 2022) – Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the “Company”) is pleased to announce that an independent technical report entitled “NI 43-101 Technical Report on the SMSZ Project, Mali, Mineral Resource Report” with an effective date of January 12, 2022 has been filed.

Highlights of the report were previously announced on January 17, 2022, including:

  • Measured and indicated mineral resources of 8.47 million tonnes grading 1.14 g/t gold totaling 310,300 ounces

  • Inferred mineral resources of 20.7 million tonnes grading 1.16 g/t gold totaling 769,200 ounces

Desert Gold President and CEO Jared Scharf said, “This initial mineral resource is an important milestone for the company and represents an excellent starting point. With further drilling, the company believes it will significantly expand these resources and develop new 1.6 km long Gourbassi Nord-Ouest Discovery resource zones. We anticipate a busy 2022 with a planned drilling program of over 20,000 meters with high expectations for positive drill results.

On behalf of the board

“Jared Scharf”

___________________________
Jared Scharf
President, CEO and Director

About Desert Gold

Desert Gold Ventures Inc. is a gold exploration and development company that 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 contains 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. For more information, please visit www.SEDAR.com under the company profile. Website: www.desertgold.ca

This press release contains forward-looking statements. These forward-looking statements involve various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. These 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 these statements. These uncertainties and risks include, but are not limited to, the strength of capital markets; the price of gold; operational, financing, liquidity risks, the extent to which mineral resource estimates reflect actual mineral resources, the extent to which the factors that would make a mineral deposit commercially viable, and the risks and hazards associated with mining operations. The risks and uncertainties relating to the Company’s business are more fully discussed in the Company’s disclosure documents filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these documents. The Company undertakes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from these statements, except as 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 press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described 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 on account or for the benefit of a U.S. person absent an exemption from the registration requirements of such an act.

Contact
Jared Scharf, President and CEO
Email: [email protected]
Phone. No: +1 (858) 247-8195

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115612

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