Latest news with #Birimian
West Australian
6 days ago
- Business
- West Australian
Castle ramps up Ghana gold hunt with 410-hole auger sampling program
Castle Minerals is intensifying exploration at its Kandia gold prospect in Ghana's emerging Upper West gold region with a 410-hole power auger drilling campaign. The program aims to extend known gold zones, including at Kandia's 4000 and 8000 prospects, and test new priority targets identified through proprietary high-resolution aeromagnetic survey data. The targets are associated with deeply penetrating regional-scale structures, known to host multi-million-ounce gold systems elsewhere in West Africa. The campaign will span Castle's licences in the Wa East region, covering large tracts of highly prospective Birimian-age terrane, a geological setting renowned for hosting major gold deposits. These deposits often align with deep structures that channel gold-bearing fluids toward the surface. Using its aeromagnetic data, Castle has pinpointed where these structures intersect Birimian rocks and is ranking sites for potential near-surface gold anomalism. Anomalies confirmed by auger drilling will be fast-tracked for earliest possible follow-up using reverse circulation drilling. A key area of focus is the northern part of the Kandia licence, where the contact between Birimian metasediments and a granite intrusive trends northeast toward Azumah Resources' Ghanaian Black Volta gold project, home to multi-million-ounce deposits on the border with Burkina Faso. Previous reverse circulation drilling at Kandia's 4000 and 8000 zones involved 11 holes for 1510 metres of drilling and was successful in extending gold mineralisation and confirming well-defined lodes to about 150m depth. Notable results from that work included 5m at 1 gram per tonne (g/t) gold from 173m depth, 2m at 1.51g/t gold from 176m, 2m at 1.33g/t gold from 137m, 3m at 1.42g/t gold from 82m and a high-grade 1m at 9.91g/t gold from 50m. A structural review by Castle has also identified additional untested targets along the granite-metasediment contact. Castle is also advancing its Kpali gold, 100 kilometres southwest of Kandia, employing its aeromagnetic data to design a targeted auger sampling campaign. Located at the convergence of the Bole-Bolgatanga and Wa-Lawra greenstone belts, Kpali sits near the Ghana-Burkina Faso-Côte d'Ivoire border junction. That location also places Kpali about 75km southwest of a cluster of gold projects in the adjacent nation of Burkina Faso, including AngloGold Ashanti's 5.2-million-ounce Konkera-Batie West gold project as well as the Tonior gold project, owned by Jilbey Burkina, a subsidiary of Russia's Nordgold. The Kpali and the nearby Burkina Faso projects are hosted within extensive West African Birimian greenstones, but while they are not believed to lie along the same geological trend or structure, their geological commonalities reinforce the prospectivity of the vastly under-explored Birimian rocks in Castle's Ghanaian ground. The Birimian terrane extends well beyond Ghana to span Côte d'Ivoire, Guinea, Mali, and Burkina Faso. It is a powerhouse for gold mineralisation, hosting metamorphosed volcanic, sedimentary and plutonic rocks formed about 2.2 billion years ago. Ghana's northern region is relatively underexplored compared to the country's better-known southern goldfields and is a hotbed for new discoveries, similar to Côte d'Ivoire's thriving exploration scene. This overall geological and structural context enhances Castle's prospects for defining substantial, shallow-depth, bulk-tonnage gold mineralisation at Kpali and Kandia, particularly along the latter's 16km southwest-trending sheared contact with a regional granodiorite intrusion. Castle plans to undertake further reverse circulation drilling at Kandia next month to chase up significant anomalies defined by the auger program. With its strategic focus on Ghana's northern frontier and the richly endowed Birimian geology, Castle is well-positioned to unlock new gold discoveries in this underexplored region. Castle's aggressive exploration at Kandia and Kpali applies cutting-edge data to a world-class prospective geological setting, laying the groundwork for potential game-changing gold discoveries in Ghana's Upper West region. Is your ASX-listed company doing something interesting? Contact:
West Australian
10-07-2025
- Business
- West Australian
Castle drilling results lift Ghanaian Kandia prospect status
Castle Minerals has confirmed good mineralisation continuity through multiple gold lodes at its Kandia prospect in Ghana from the company's recently completed two-zone, 11-hole, 1510-metre reverse circulation drilling program. The two zones are centred about 4 kilometres apart – the southernmost 4000 Zone has artisanal gold workings. The latest reverse circulation drilling program put nine holes into the 4000 Zone and two holes in the 8000 Zone, which both occupy a 6km-long northeast-striking contact between Birimian metasediments and a major granite intrusion. Four holes at the 4000 Zone explored the depth extent of mineralised zones defined by previous drilling, extending their respective targets to depths of 150m below surface. The drilling delivered a program best result of 1m at 9.91 grams per tonne (g/t) gold from 50m and 6m at 1.68g/t gold from 74m. Overall drilling results from the 4000 Zone confirm intercepts from reverse circulation drilling earlier this year, which included 24m at 1.78g/t gold from 139m, with 7m going 3.36g/t gold from 149m. A second earlier hole nailed 11m at 2.26g/t gold from 79m, including 5m at 3.49g/t gold from 82m. North-trending parallel structures appear to define the distribution of mineralisation within the 4000 Zone. Mineralisation, which could be more extensive than previously thought, will be followed up in a later round of drilling. One of the two holes put into the 8000 Zone to follow up previously defined mineralisation delivered 4m at 1.11g/t gold from 23m and 2m at 4.15g/t gold from 38m. Castle's exploration at Kandia is gradually transforming the prospect from just shallow gold anomalism to a series of promising mineralised gold prospects with good depth and strike continuity and plenty of upside. The company's previous geochemical sampling and shallow rotary air blast drilling identified several zones of anomalism arrayed along a prospective northeast-trending corridor, which parallels the contact between western Birimian-age metasediments and a major granite intrusion on its east side. The contact relationship is typical for many gold deposits in West Africa. The largely under-explored Kandia tenure is one of several areas making up Castle's prospective holdings in its Wa tenure, about 90km north of the company's current flagship Kpali project. At its northern end, the Kandia corridor abuts Azumah Resources' Black Volta gold project, containing an estimated 2.8-million-ounce gold resource, which is slated for development this year. Castle is systematically testing Kandia for primary mineralisation and to improve its understanding of the local gold distribution controls. The structural picture has been enhanced by a recently updated interpretive study, employing high-resolution aeromagnetic data from a 2010 survey. The latest interpretation reveals that much of the Kandia granite-metasediment contact is traversed by a series of cross-cutting structures. Significantly, the 4000 and 8000 Zones lie close to two of these cross-cutting structures . Castle tentatively probed the possibility of mineralisation related to the cross-cutting structures in the 4000 Zone with two holes east of the main drilling area but drew a blank with that brief sortie. The theory is still worth pursuing. With less than 16km of the structural corridor tested to date, mostly by shallow rotary air blast or reverse circulation drilling, it is plain that a considerable opportunity exists to identify additional mineralisation along the trend. Encouraged by the initial outcomes from its interpretive work, Castle has extended the study across its entire Wa East tenure to define additional areas of interest outside the Kandia trend. Castle will kick off an auger geochemical sampling campaign in early August to validate existing and new targets at Kandia and proposes a September reverse circulation drilling program to follow up any encouraging targets from that work. The company's key focus at Kandia is to define a significant tonnage of shallow mineralisation in the prospect's multiple, near-surface deposits, buoyed by the potential strategic benefits of the nearby developing Black Volta gold operation. Is your ASX-listed company doing something interesting? Contact:
The Market Online
03-07-2025
- Business
- The Market Online
Desert Gold's ingenious move: How the untapped gold anomaly and upcoming PEA could significantly enhance your portfolio
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. What if there were a vast, largely unexplored area right next to some of West Africa's most productive gold mines? And what if strong gold traces had already been found on surface, but no drill had ever been set up there? Desert Gold Ventures (TSXV:DAU) is now seizing this opportunity with the Tiegba Project in Ivory Coast. The deal is more than just a new exploration field. It is a strategically astute move with the potential to fundamentally transform the Company. Investors looking for exceptional opportunities in the commodities sector would be well advised to take a closer look. Tiegba: A sleeping giant awakens At the heart of the new project is a massive gold-in-soil anomaly in Côte d'Ivoire. It covers an impressive area of 4.2 km long and 2.1 km wide in the high-grade Birimian gold belt. Historical data, originally collected by Newcrest Mining, reveal high values, with peaks exceeding 900 ppb gold and dozens of samples ranging from 50 to over 200 ppb. Such concentrations are significantly higher than what is typical for this region. What makes this anomaly unique is that it has never been drilled. A site visit by the Desert Gold (TSXV:DAU) team in March 2025 confirmed the findings as 'in situ' – meaning the gold likely originates from the underlying rock and has not been transported from elsewhere. The anomaly is located along the regionally significant Tehini Shear Zone, a geological structure known to host gold and which is also being successfully explored on neighboring properties. Tiegba is also in excellent company. Within reach are multi-million-ounce deposits such as Agbaou (Allied Gold), Bonikro/Hire (Allied Gold), and the major Yaouré mine (Perseus Mining). The geology is similar to that of the well-known Bonikro-Agbaou district, featuring promising calc-alkaline intrusions and structural contacts – classic traps for gold mineralization. Despite these promising signals and the strategic location, systematic exploration has only been carried out on less than 20% of the 297 km² concession area. This is where the considerable upside potential lies. Location map of the Tiegba Project. Source: Desert Gold The deal: Clever, inexpensive, forward-looking How do you secure a project like this? Desert Gold opted for an option agreement with Flower Holdings, a local private company. The terms are remarkably favorable and demonstrate skillful negotiation. Desert Gold will pay a total of USD 450,000, of which USD 150,000 will be paid immediately and the remainder in two further installments, and will issue 1.5 million common shares, also in three tranches. Upon fulfillment, the Company will receive 90% of Tiegba. Flower will retain 10%, contribute this free of charge until the feasibility study is completed, and receive an additional 1% net smelter royalty (NSR). It is important to note that Desert Gold has secured a right of first refusal on this NSR and the remaining 10% should Flower wish to sell. Operational control will remain with Desert Gold during the option period. This deal is not only financially attractive, but also strategically smart. The Ivory Coast has established itself as one of the most stable and investor-friendly mining jurisdictions in West Africa. Fast approvals, good infrastructure, growing gold production, and the presence of global players such as Barrick Mining and Endeavour Mining speak for themselves. For Desert Gold, Tiegba represents a welcome diversification away from its sole focus on Mali. It transforms the Company from a single-project explorer in Mali into a regional player with two promising footholds in West Africa. This reduces the specific country risk and significantly increases the attractiveness for potential partners or buyers. The roadmap: Fast and cost-efficient to the goal Given the clear geological signature, Desert Gold is committed to a rapid, cost-efficient exploration program. The goal is to define drill-ready targets within a few months. The plan includes: Geological precision: Targeted trenching, detailed geological mapping and prospecting to verify mineralization directly in the rock, and collect samples. Geophysical verification: Airborne magnetic and IP resistivity surveys over the entire area to reveal the underground structural architecture and promising zones. Validation & expansion: 3,000 m of infill and expanded ground sampling to better define existing anomalies. The required budgets are manageable. The first steps to define drill targets are expected to cost only about USD 100,000. An initial drilling program of approximately 3,000 m is likely to cost around USD 200,000. These funds are already covered by the exercise of outstanding warrants, which gives the Company planning security and avoids dilution through an immediate capital increase. A major advantage is the experienced team. The geologists and managers can seamlessly apply their knowledge from Mali to Tiegba, as the geological conditions are similar and the cultural environment is familiar. Perfect timing: More than just a new project The launch of Tiegba comes at an extremely favorable time for Desert Gold: Mali PEA nearing completion: The long-awaited preliminary economic assessment (PEA) for the flagship SMSZ project in Mali is expected soon. With gold prices currently at record highs, economic indicators such as NPV and IRR are likely to be particularly attractive. This study serves as a key valuation anchor and a potential price driver. Gold price tailwind: The high gold price not only dramatically improves the economics of the Mali project, but also increases the implied value of undiscovered resources in the ground, not only at the SMSZ project, but also at the new Tiegba Project. It makes exploration successes even more valuable. Operational synergies: While Mali is currently in its rainy season, which lasts until October, the team can focus fully on preparations in Côte d'Ivoire. No waste of resources, just optimal utilization. M&A horizon expanded: With two projects in two attractive West African countries, Desert Gold is becoming significantly more attractive to potential acquirers. The proximity to Allied Gold in Tiegba or to majors such as Barrick and B2Gold in Mali offers concrete points of contact. Analysts at GBC Research already see considerable upside potential, which is further supported by Tiegba and the Mali PEA. The price target is CAD 0.425. Against this backdrop and compared to large gold producers, the current market capitalization of around CAD 20.5 million at a current share price of CAD 0.085 appears very attractive. Chart for Desert Gold as of July 1, 2025. Source: Refinitiv Desert Gold Ventures offers more than just a new exploration project with the Tiegba deal. It represents a combination of a rare geological opportunity, a vast, high-grade and undrilled anomaly in a prime gold belt, with a financially and strategically cleverly negotiated acquisition in a first-class jurisdiction. The clear, low-cost work plan is aimed at rapid proof of concept. This step also comes at the perfect time, flanked by the upcoming Mali PEA and the tailwind of strong gold prices. For risk-aware investors who understand the leverage potential of early-stage exploration successes and believe in the strategic vision of a diversified West African player, Desert Gold represents a fascinating, albeit speculative, opportunity. The market does not yet appear to have priced in the full extent of this combination of opportunities. It is worth following developments closely. Conflict of interest Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as 'Relevant Persons') may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a 'Transaction'). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company. 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West Australian
03-07-2025
- Business
- West Australian
Castle follow-up of 10-year-old holes reveals more Ghanaian gold
Castle Minerals' recent reverse circulation drilling program at the company's Bundi prospect, within its Ghanaian Kpali gold project, has nailed several robust gold runs, including a best run of 18 metres at 1.22 grams per tonne (g/t) gold from 89m. The intercept includes 3m at 3.35g/t gold from 89m and 3m at 1.77g/t gold from 101m, with a separate 2m at 2.07g/t gold from 113m. A second hole drilled into an adjacent section hammered its way through 7m assaying 3.26g/t gold from 114m, including 5m at 4.34g/t gold from 114m, which in turn includes a handy 2m at 9.46g/t gold from 117m. Castle's five-hole, 552m drilling program at Bundi, 4 kilometres north of its Kpali prospect, is the first undertaken in 10 years. The prospect was discovered via a campaign of scout geochemistry and two confirmatory reverse circulation drilling programs along 100m-spaced lines. The three remaining holes in the latest program include one that intercepted 1m at 1.11g/t gold from 43m on the same section as the 5m at 4.43g/t intercept. The other two holes, drilled on a section 100m north of that pair, delivered 1m assaying 2.63g/t gold from 41m and 2m at 1.4g/t gold from 67m, and 1m going 1.24g/t gold from 112m, respectively. Castle says it is encouraged by the early drilling results in the central zone at Bundi, which confirm mineralisation continuity and point to an apparent thickening of the gold intercepts with increasing depth. Results from the 10-year-old reverse circulation campaign at Bundi include a top three hits of 51.03g/t gold from 168m, 6m at 3.32g/t gold from 37m and 2m at 9.09g/t gold from 68m. Another five intercepts in the earlier work produced grade x intercept length hits between 7.0gm.m and 15.78gm.m. The Bundi prospect lies within a north-south regional structural trend which extends for about 4km south along the Wa-Lawra/Boromo greenstone belt trend towards the Kpali prospect. Castle's recent 23-hole reverse circulation drilling program at Kpali delivered a host of high-grade intercepts, which confirm the presence of two robust and consistently mineralised lodes over a 650m north-south strike and to 110m depth. The program also produced a best grade of 20.66g/t gold over a 1m interval from 41m. Kpali features a veritable swarm of enticing results from the program, grading up to 8.21g/t gold over a 3m intercept from 9m depth. At Bundi, gold is hosted within persistent, steeply-dipping lodes, accompanied by strong sulphide development and networked quartz stringers. Castle notes that the structurally controlled, orogenic, lode-style mineralisation at Kpali and Bundi is typical of many significant gold deposits in West Africa's Birimian geological terrane, some of which extend many hundreds of metres deep. The strong mineralisation continuity and geological settings at Kpali and Bundi point to strong potential for high-grade discoveries throughout the broader Kpali project. Exploration to date across all of the prospects within the Kpali project - including the Kpali East, Wa South East and Wa South West prospects -indicates a strong possibility of unveiling a new West African gold camp with a potentially massive gold endowment in an area once held to be devoid of gold indications. Castle's gold-search capability has been given a solid boost by its recent zero-cost acquisition of a raw 2006 regional-scale, high-resolution aeromagnetic survey dataset from a previous explorer. The new data includes the Kpali gold project and represents a vast improvement on Castle's previous single aeromagnetic image. The survey data comprises about 100,000km of flight lines, which at today's prices would cost it about $2.3 million to acquire. The data is being reprocessed and will be interpreted by Castle's consultants. The new data will supplement the company's recent target identification by the same consultants using other datasets, including VTEM, ground magnetics, geochemistry, rotary air blast and reverse circulation drilling, and could massively transform ongoing interpretative work. Castle is planning to launch new auger drilling programs in early August to reconnoitre new targets, selected from interpretations of the combined data sets. Additionally, the company's encouraging reverse circulation drilling results from Kpali justify more comprehensive follow-up work to infill and extend currently defined gold mineralisation. Accordingly, Castle has slated the launch of a follow-up campaign for the September quarter. Both the auger and reverse circulation drilling kick-off dates remain subject to rig availability and the end of the local wet season. Given the highly encouraging results to date, and with Ghana's ancient and prospective Birimian greenstones being one of the world's new prime addresses for discovering gold, Castle is looking well-set to discovering the next big show with its Kpali and nearby Kandia gold projects. Is your ASX-listed company doing something interesting? Contact:
Yahoo
23-06-2025
- Business
- Yahoo
Desert Gold Signs Option Agreement on 297 Square Kilometre Tiegba Gold Project in Ivory Coast
Delta, British Columbia--(Newsfile Corp. - June 23, 2025) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) ("Desert Gold" or "the Company") is pleased to announce that the Company has entered into an option agreement (the "Agreement") with Flower Holdings SARLU ("Flower") to acquire a 90% interest in the Tiegba Gold Project. Flower is a private company located in Abidjan, Ivory Coast. The signing of the Tiegba option agreement marks a major milestone for the Company as it expands its project portfolio to become a regionally diversified gold explorer and developer in West Africa. Tiegba Project Highlights The Tiegba Project is in Ivory Coast which has one of the most accommodative and investor friendly mining codes in the region; Politically stable Fast permitting Excellent infrastructure Major discoveries made in recent years with new mines coming online such as Montage Gold's Koné Project Large 297km2 strategic land package in Tier-1 Birimian orogenic gold belt (see Image 3.); Underexplored. Less than 20% of the Tiegba license has been explored representing significant exploration blue sky Located near multi-million-ounce deposits (See Image 2) including; Agbaou (Allied Gold Corp) Bonikro/Hire (Allied Gold Corp) Yaouré (Perseus Mining Ltd) Large 4.2 km by 2.1km gold-in-soil anomalous trend along key regional structure; Tehini Shear Zone (see Image 1); Multiple parallel mineralized trends with values exceeding 900 ppb gold including 89 samples over 50 ppb gold, 29 samples between 100 and 200 ppb gold and 12 samples over 200 ppb gold Tiegba has never been drill tested despite compelling surface results Company site visit confirms in-situ nature of gold anomalies Upcoming exploration program aims to quickly define drill targets; Infill and expanded soil grids Property-wide airborne magnetic and IP Surveys Targeted trenching, geological mapping and prospecting Desert Gold's CEO Jared Scharf commented "The completion of the Tiegba option agreement is a major milestone diversifying the Company into a regional West African player. During the spring, our technical team evaluated a dozen projects in the region covering over 1,000km2. Tiegba ticked all the boxes. We look forward to quickly advancing the obvious and compelling gold prospects on the property into drill ready targets." Image 1. Tiegba Planview highlighting 4.2km by 2.1km Anomalous Gold Trend To view an enhanced version of this graphic, please visit: Image 2. Tiegba License Regional Scale Planview Map To view an enhanced version of this graphic, please visit: Image 3. Tiegba Project Country Scale Map Highlighting Major Gold Projects To view an enhanced version of this graphic, please visit: Key Terms of the Flower Option Agreement Desert Gold will pay Flower of total of USD $450,000 over the term of the Agreement, of which USD $150,000 has been paid upon signing of the Agreement with the remaining balance to be paid in two equal instalments on the first anniversary of the agreement and the final payment being made of the first permit renewal; Desert Gold will issue a total of 1,500,000 common shares to Flower in three (3) equal instalments along with the cash payments. Share issuances are subject to TSXV statutory hold periods; Upon completion of the cash and share payments to Flower, Desert Gold will have satisfied the terms of the Agreement earning a 90% interest in the Tiegba license. Flower's 10% interest will be free carried through Mine Feasibility. Thereafter Flower will be subject to standard form pro-rata dilution clauses. Flower shall retain a one percent (1%) net smelter royalty on all ore mined from the Tiegba license; Desert Gold will retain a right of first refusal ("ROFR") of any sale of Flower's NSR and or 10% minority interest. During the option period, Desert Gold will be responsible for maintaining the Tiegba permit in good standing and satisfy any and all obligations required by Ivorian law and will take over operational control of the Tiegba project on closing of the transaction with Flower. Tiegba Project DetailsThe Tiegba Project is located approximately 188km west of the Capital city Abidjan and covers an area of 296.9km² within the underexplored Tehini Greenstone Belt (See Image 3.). The Tehini Belt extends northward towards Burkina Faso, where it hosts major active gold deposits such as Houndé (5.2 million ounces ["Moz"] Au) and Mana (2.3 Moz Au). Importantly, the northwestern extension of the Tiégba Project trends toward the Bonikro Agbaou gold complex and the Yaouré gold mine (See image 2.): Agbaou Deposit1 Proven and Probable Reserves (9.49 Mt @ 1.50g/t = 458 koz) Measured and Inferred (9.33 Mt @2.10 g/t = 631 koz) Boniko & Hire Deposits1 Proven and Probable Reserves (11.98 Mt @1.15 g/t = 444 koz) Measured and Inferred (40.21Mt @ 1.30g/t = 1.68 Moz) Yaoure2 Proven and Probable Reserves (35.2 Mt @1.53 g/t = 1.73 Moz) Measured and Inferred (55.6 Mt @1.52 g/t = 2.7 Moz) GeologyThe Tiegba Project is part of the Paleoproterozoic Birimian terranes which consists of a northeast-trending sequence of volcanic/volcano sedimentary rocks and syn- to late-tectonic granitoids features characteristic of gold-bearing greenstone belts across West Africa. The local geology of the Tiegba Project exhibits strong similarities to the Bonikro-Agbaou gold district. Notably, calc-alkaline intrusive bodies have been mapped along both the western and eastern margins of the permit area. These intrusions are considered favorable hosts for gold mineralisation, particularly along their contacts, within high-strain structural corridors, and at the intersection of quartz vein networks. These geological features represent high-priority targets for follow-up exploration. Historical soil geochemistry data, originally collected by Newcrest Mining Limited, identified a prominent north-northeast trending gold-in-soil anomaly approximately 4.2km in length within the Tiegba Project area. Peak gold values exceed 900 ppb Au. These levels of soil samples are well above typical background levels for Birimian greenstone belts. These anomalies appear to be spatially associated with the Tehini Shear Zone, a major regional structure that transects the property. This mineralized corridor has also been proven prospective on adjacent ground to the southwest, currently being advanced by Thor Explorations Ltd. (see Thor news release dated September 16, 2024)3. Desert Gold Site VisitAs part of Desert Gold's initial due diligence, a site visit was conducted by its technical team in March 2025 to assess the prospectivity of the Tiegba permit. Field observations confirmed elevated soil anomalies coincident with sub-outcropping bedrock and transitional zones containing residual lithological fragments and dispersed quartz float. These features are interpreted as supportive of an in-situ mineralized source, with a geochemical anomaly resulting from primary dispersion processes. Work PlansDespite the presence of well-defined gold-in-soil anomalies, the Tiegba project remains untested by drilling. To date, only a small portion of the property has undergone systematic evaluation (<20%). Desert Gold plans to validate the historical soil data through the expansion of soil sampling grids and targeted infill sampling to better define geochemical trends. Desert Gold intends to conduct a property-wide geophysical survey to improve understanding of the underlying structural architecture. This work will support the effective planning of additional soil sampling, trenching, detailed geological mapping, and prospecting activities, all aimed to quickly advance the project toward its first drill program. SMSZ Project Preliminary Economic Assessment ("PEA") Update Desert Gold's previously announced SMSZ Project PEA is near completion. The company expects to publish initial results in the coming weeks. Stock Option Issuance The Company has issued a total of 1,000,000 incentive stock options to certain directors, employees and consultants of the Company. The stock options have an exercise price of CAD $0.08 and a duration of five (5) years from the date of issuance. On Behalf of the Board of Directors"Sonny Janda"___________________________Sonny JandaChairman About Desert Gold VenturesDesert Gold Ventures Inc. is a gold exploration and development company which controls the 440 km2 SMSZ Project in Western Mali containing 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 further information please visit under the company's profile. Website: ContactJared Scharf, President and CEOEmail: Qualified Person StatementThe scientific and technical information contained in this news release has been reviewed and approved by Ty Magee ( P. Geo), a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Magee is an advisor and consultant to Desert Gold Ventures and is considered independent of the Company. QAQC The historical soil geochemical results referenced herein were originally collected by Newcrest Mining Limited and have not yet been independently verified by Desert Gold. While the dataset demonstrates strong coherence with regional structural features and prospective geology, the reliability of the sampling methods, analytical techniques, and quality control measures implemented during the historical program is currently unknown, nor public. As such, these results should be considered historical in nature. Desert Gold intends to validate the historical dataset through a systematic QA/QC program as part of its upcoming exploration activities. This will include the implementation of industry-standard protocols involving: Certified reference materials (standards), Field duplicates, Blank samples, Chain-of-custody procedures. These measures will be employed to ensure the accuracy and reproducibility of future sampling results, and to establish a compliant geochemical database to guide follow-up work including trenching, geophysics, and potential drilling. References1 Allied Gold Corporation. (2024). Annual Information Form and Technical Summary - 2024 (pp. 42-44). Retrieved from Mining Limited. (2024, August). Annual Resource and Reserve Statement - FY2024. Retrieved from Explorations Ltd. (September 16, 2024). "Thor Explorations Announces the Acquisition of the Guitry Project and Expansion into Côte d'Ivoire" This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. 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, including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; 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 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. 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 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. To view the source version of this press release, please visit
