1 Desert Gold 2/7/17
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 exploration and mining business and general economic and business conditions.
Corporate Info Board & Executive Officers Ticker TSX.V: DAU Shares in Issue 16.9 million Sonny Janda, Director & CEO Jared Scharf, Director Fully Diluted 30.5 million Bruce Thorndycraft, Director Ayub Khan, Director Share Price CDN $0.27 Adam Kim (CPA), CFO Dr. Luc Antoine, Director Market Cap CDN $4.5 million
Company Overview Desert Gold is an advanced gold exploration company with assets of significant potential on the continent of Africa principally located in Mali and Rwanda. The company’s objective is to develop proven gold resources and convert them into profitable mining operations in both a socially and environmentally responsible manner. 4 Highly prospective advanced exploration properties located near world class mines 1 Mining feasibility study underway at Byumba gold deposit in Rwanda 2 Targeted exploration programs at world class gold prospects in Western Mali
Western Mali Locality Desert Gold holds 3 exploration permits in Western Mali 1) Farabantourou 2) Segala West 3) Djimbala . All of which are located directly on or near the Senegal Mali Fault Zone (“SMFZ”). The SMFZ is one of the most important geological formations on the continent and hosts some of the largest gold deposits and producing mines in the world. Revenues from gold production in this area in 2015 were approximately USD $1.2 billion
Farabantourou Project Gold mineralization at Farabantourou is related to the Senegal Mali Fault Zone (“SMFZ”) structural event Deposits in near proximity to Farabantourou on SMFZ: Randgold; • Loulo Mine; 11.5 Moz • Gounkoto Mine; 5.5 Moz Eandeavour Mining; • Tabakoto & Segala Mines; 3.3 Moz IAMGOLD/AngloGold Ashanti JV; • Sadiola Mine; 9.2 Moz • Yatela Mine; 3.5 Moz Joint Venture Opportunities: Desert Gold is holding discussions with two large neighboring mining companies to negotiate the co-development of Farabantourou
Farabantourou Upside Barani East Deposit Surface View Prospects within the Farabantourou Permit • Barani East; 70,000 oz au resource can be expanded by drilling at depth and along strike extension of fault increasing strike to ~3 km • Keniegoulou; Can extend target along strike to approximately 2 km as the first 14 lines of drilling intersected significant mineralization Dambamba; Can increase overall target strike extent to 2.5 km to the south along the interpreted fault line as it is postulated • • Kousilli; The drilling in this area intersected mineralization in two of the four fence lines. If drilling is overlain by geochemistry anomalies as well as the structural interpretation from the IP resistivity work, two northeast to southwest trending targets can be postulated
Farabantourou Work Program Program Budget Exploration Summary Plan at Farabantourou Farabantourou Program (US Dollars) Drilling (Diamond) $500,000 Drilling (RC) $400,000 Vehicles, Fuel, Generator $115,000 Administration, Logistics & Salaries $75,000 Geophysics & Petrophysics $70,000 Trenching $50,000 Resource & Metallurgy $45,000 Camp, Community and Environment $35,000 Geology & Geochemistry, Data collection/Validation $25,000 Total $1,315,000 Program Highlights The company designed a USD $1.3 million program to further define the known mineralized zones at Farabantourou, in particular along strike at Kousilli, Barani, Barani East and Keniegoulou. Material program work includes: • 3,000 meters of trenching 3,500 meters of RC drilling • • 2,000 meters of diamond drilling *includes historical works by Hyundai and TransAfrika Resources
Segala West Project The Segala West permit is surrounded by several large mines including Randgold’s Loulo-Gounkoto mine complex to the West which has a mineral resource of > 14 Moz au and had mining revenues of USD $724 million in 2015. Adjacent to the East of Segala West are Endeavour Mining’s Tabakoto and Segala mines with a combined mineral resource of nearly 3 Moz au and had mining revenues of USD $174 million in 2015. Endeavour also own and are actively developing the Kofi and Kefola prospects to the north and south respectively. At Segala West • Substantial 24 km² geochemical anomaly identified suggesting substantial mineralization below surface. • Mineralogy very similar to the Tabakoto mine adjacent to the East, the Segala mine also adjacent to the East and the Kofi mine adjacent in the North • 3 extensive artisanal mining operations (30m depth) in the South East of the anomaly and also on the Endeavour Segala mine extension in the North East of the permit.
Segala West; Baroya and Segala Pits Segala West Mineralization and Artisanal Mining Activities • 3 large artisanal mining sites on strike with Endeavour’s Segala and Tabakoto mines • Baroya Artisnal Site : mining over 400m on quartz veins north of Baroya village. Abandoned workings to the south suggests a further 600m of mineralization on the same zone • Baroya South: extensive alluvial/elluvial diggings over a 4km east/west-trending area • Artisanal mining exploit the surface mineralization across *Assay results of selected grab samples collected from artisanal mining operations permit boundaries between Desert Gold and Endeavour Mining • Nevsun intersected 76.60 g/t Au over 3.80m below the artisanal mines on the Segala mine extension • Selected drill intersections at Segala West include 1m @ 21.8g/t Au, 1m @ 7.7g/t Au, 2m @ 7.4g/t Au, 4m @ 5.5g/t Au, 7m @ 2.0g/t Au • Au assay results from rock samples collected from the artisanal mines average 14 g/t and 6 g/t from the Baroya and Segala operations, respectively *Segala pit artisanal mine site
Segala West Program Exploration Summary Plan at Segala West Program Budget Segala West Program Budget (US Dollars) Core drilling 2100@160 335,000 RC drilling 2000@100 200,000 Operational overheads 190,000 Geochem - lab 6500@23 150,000 Field geologists 110,000 Trenching 5x400m 100,000 Ground geophysics - mag 30,000 $1,114,000 Total Program Highlights Previous exploration at Segala West focused on the northern sector of the permit. The company now intends to focus its exploration in the southern area of the permit. The 2 primary areas of interest are known as the “Baroya area” where 2 extensive artisanal mining operations exist and the Segala area where artisanal miners are exploiting mineralized systems that are an extension of Endeavour’s Segala mine. Material program work includes: 2,000 meters of trenching • • 2,000 meters of RC drilling • 2,100 meters of diamond drilling
Djimbala Project Exploration potential: Situated within the Yanfolila Gold Belt • Favourable host rocks • Fundamental structures • Artisanal mining within the permit confirms Au presence 50km north of Kodieran and Kalana Mines • Kodieran 2.56 Moz Au Kalana 1.25 Moz Au • 10km southeast of Hummingbird Resources Komana Project • Komana resource to date 0.75 Moz Au • Hummingbird Resource target: 2 Moz Au Surrounded by a number of early stage projects under exploration by Hummingbird Resources First phase of soil sampling delivers positive results with soil anomalies coinciding with favourable structure
Djimbala Exploration Results Regional Geology Gold Soil Geochemical Sample Results Progress to date: • Reconnaissance mapping completed • 5 large areas of artisanal mining identified • Mining quartz veins in highly altered sandstone shale on north-south trend • Soil sampling over the first of 4 prioritized areas completed
Rwanda Locality Desert Gold’s Byumba property is located in the northern half of the Great Lakes sub-province of Africa, one of the world’s principal Precambrian orogenic-metallogenic provinces. Like Banro’s gold operations in the DRC, the Byumba gold deposit lies within the Kibaran Metallogenic Province. Banro’s deposits form the north-northeast/south-southwest striking Twangiza Namoya Gold Belt . Deposits in this belt include Twangiza/Kamituga with a 6.9Moz au resource, Lugushwa 2.7Moz au resource and Namoya with a 1.7Moz au resource. The Byumba deposit lies 200km north east of Twangiza along the same trend and like Twangiza, gold mineralization is associated with a fold structure.
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