powerpoint presentation€¦ · hummingbird’s komana mine complex with a 1.8 million oz au...
TRANSCRIPT
April 2019
Disclaimer
All statements in this presentation, other than historical facts, that address exploration
activities and mining potential are forward-looking statements. Although Desert Gold
Ventures Inc. believes that the expectations expressed in such forward–looking
statements are based on reasonable assumptions, such statements should not in any way
be construed as guarantees of future performance. Factors that could cause
developments to differ materially from those expressed include exploration results;
technical analysis; and lack of availability to the company of necessary capital to
progress its projects further. The company is subject to specific risks inherent in the
mineral exploration business and general economic and business conditions.
Capital Structure & Corp. Info
Ticker TSX.V: DAU
Issued & Outstanding 45.1 million
Options 3.4 million
Warrants 23.8 million
Fully Diluted 72.3 million
Board & Management
Sonny Janda,
Director & CEO
Jared Scharf,
Director & President
Don Dudek (Geo.),
Director
Greg Isenor (Geo.),
Director
Larry Tsang (CPA),
CFO
Salif Keita, VP Exp.
Major Shareholders
Grand Peak Capital Corp. 13.6%
Sodinaf International 10.5%
Management 6.1%
TransAfrika Resources 4.4%
Mali, West Africa
• Mali is Africa’s third largest gold producing country.
❖ Annual gold production in 2017 was 46.9 million tonnes ~1. 51million oz Au
• Major producers in-country:
❖ Randgold, Anglo Gold Ashanti, B2Gold, Hummingbird, Resolute, Wassoul Or and Endeavour Mining
• >35 million oz Au of reserves. Recent new discoveries made. Highly prospective and underexplored.
• Desert Gold controls 3 large exploration permits in the two most significant gold belts in Mali.
❖ Farabantourou
❖ Segala West
❖ Djimbala
Western Gold Belt of Mali
• Gold mineralization in Western Mali
is related to the Senegal Mali Shear
Zone (“SMSZ”).
• Desert Gold holds two properties
directly on and proximal to the
SMSZ:
❖ Farabantourou and Segala West
• Given the regional endowment
potential and prelimerary exloration
results, Desert Gold is targeting 1 to 6
million oz Au.
• Major deposits in close proximity to
Farabantourou and Segala West on the
SMSZ:
❖ Yatela: 3.5 Moz
❖ Sadiola: 8.1 Moz
❖ Loulo: 9.8 Moz
❖ Gounkoto: 4.4 Moz
❖ Tabakoto & Segala: 3.3 Moz
❖ Fekola: 6 Moz
Farabantourou Project, West Mali
• 122km2 Project spans the SMSZ
❖ SMSZ related to 30m + oz Au
of production and Au reserves.
• Significant drill results including 6.28
g/t Au over 13 meters. OPEN!
• 7 known gold zones
❖ Hosted by limestones,
sediments, intermediate
volcanics and felsic intrusions.
❖ 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.
• Additional Upside
❖ 43 gold in soil anomalies >200
ppb Au with nil to minimal
evaluation in this highly
prospective environment.
• Follow up work
❖ Drilling to expand known zones
❖ Follow up on compelling soil
geochemical anomalies to
delineate additional drill
targets.
Segala West Project, West Mali
• The permit is 68km2 and proximal
to the SMSZ.
• 7 large artisanal mining zones exist
within a 24km2 geochemical soil
anomaly.
• The anomaly is located between 6
million oz Au Loulo mine and the 3
million oz Au Tabakoto mine.
• The property contains 310 gold in
soil anomalies >200 ppb with a high
of 10,000 ppb. All require follow up.
• First past exploration completed in
spring 2018.
❖ Combined geological
mapping, grab sampling
followed up with small drill
program combining RC and
DD.
• Most holes encountered
mineralization with best results of
5.35 g/t Au over 5m, 3.21 g/t Au
over 4m, 7.13 g Au over 1m, 7.16
g/t Au over 1m and 0.92 g/t Au over
22m.
Southern Gold Belt of Mali
Hummingbird Komana East &West Gold Mines
Desert Gold’s Djimbala Project
Djimbala Project, Southern Mali
Samples collected to be assayed Q4 2018
• Large 125km2 permit located in Southern Mali
with major artisanal mining presence and no
previous drilling.
• Adjacent and proximal to several large mines and
deposits including:
❖ Hummingbird’s Komana mine complex
with a 1.8 million oz Au resource
❖ Endeavour’s Kalana Deposit with 2 million
oz Au reserves
❖ Wassoul Or’s Kodieran mine operating at
11,000 tons per day
• Small soil sampling program completed in 2013
with significant gold anomalies discovered.
❖ 20 >100 ppb Au
❖ Highest values of 22,600 ppb Au
• Second phase of soils collected with assay results
to come out in Q4 2018.
• Follow up work
❖ Soil sampling program over remaining
permit
❖ Surficial geological mapping of property
and artisanal zones
❖ Follow up on compelling soil anomalies to
delineate initial drill targets
Goldfields drilling:5m @6.11 g/t Au3m @12.65 g/t Au6m @4.75 g/t Au6m @3.13 g/t Au3m @5.53 g/t Au
4 km
Summary
• Targeting 1 – 6 million ounce gold deposits in western and southern Mali
• 3 project areas:
❖ Farabantourou
➢ SMSZ target with strong mineralization discovered demonstrating significant upside
➢ Encountering similar geology to nearby 8 million oz Au Sadiola/Yatela mines
➢ 7 known gold zones with minimal exploration to date
➢ Compelling soil anomalies to follow up with 43 >200 ppb Au
❖ Segala West
➢ Adjacent to Tabakoto mine which is near end of life and requires feed
➢ Property sits between Randgold’s 9.8 million oz Au Loulo mine and the 3 million oz Au Tabakoto mine
➢ A large 24km2 geochemical soil anomaly exists on the permit
➢ 310 soil anomalies >200 ppb Au
➢ First pass exploration encountered mineralization in most holes with significant follow up required
❖ Djimbala
➢ Adjacent to new Hummingbird Mine
➢ Major artisanal presence on property
➢ Initial soil sampling program shows strong results with 20 samples >100 ppb
➢ Additional surface exploration to be completed to delineate first drill targets