Desert Gold Ventures
Promotional Strapline: West Africa's Emerging Gold Explorer
Primary Ticker: TSXV:DAU, OTCQB: DAUGF, Frankfurt:QXR2
Stage of Development: Development, Exploration
Primary Minerals: Gold
Country / Region: Mali
Market Cap 11M
Website: Desert Gold Ventures
Desert Gold is a regional West African gold exploration company. Its flagship 440 km2 SMSZ Project in Western Mali is the largest contiguous land package of any junior explorer in the region. The Company expects to complete a Preliminary Economic study in Q1, 2025 that focusses on the Property's heap leachable oxide gold resources. The goal would be to commence gold production and use cash flow to further advance the Project. With 25+ gold zones confirmed by drilling on the property to date, the company’s primary objective is to increase its maiden resource to a multi-million oz Au upper tier gold project. 10,000 meters of drilling is proposed to be drilled in 2025. The Company's maiden resource comprises Measured and Indicated resources of 310,300 ounces grading 1.14 g/t gold and Inferred mineral resources of 769,200 ounces grading 1.16 g/t gold.
Management Profile
Don Dudek P. Geo
Mr. Dudek brings over 40 years of experience in various roles with junior to senior exploration and mining companies. He recently served as President and CEO of Savary Gold Corp., which was sold to Semafo Inc. in April 2019. He also served as Senior V.P. of Technical Services for Endeavour Mining Corporation while managing a feasibility study for the Hounde Gold Project in Burkina Faso. Previously, he served as Senior VP Exploration of Avion Gold Corporation, a successful junior gold producer and explorer in Western Mali. He holds a B.Sc. Geology (Honors) from the University of Saskatchewan.
What are your key goals for the next 3, 6 and 12 months?
3 Months
Complete PEA for mining at surface oxide gold resources
Initiate another phase of exploration drilling
6 Months
Complete >10,000 metres of drilling at SMSZ Tier 1 targets project with emphasis on resource expansion
Advance studies for mining of oxide gold resources
12 Months
Complete 2025 drill program by July 2025
Initiate mine construction assuming the technical studies demonstrate the feasibility of mining the oxide gold resources
Release drill results from 2025 program
Update 43-101 MRE in Q4 2025 if warranted
What do you think makes your company such a compelling investment?
- Expect that mining of the oxide gold resources is feasible and economic in the short term
- Largest contiguous land package of any junior explorer in Birimian Greenstone Belt (tier one mining jurisdiction)
- Contiguous to Allied Gold and Endeavour Mining. Along trend with Barrick and B2Gold
- Flagship SMSZ Project controls 43km of Senegal Mali Shear Zone which is related to >20M oz Au reserves and production
- Project already contains 27+ golds zones, all open with potential for aggressive expansion and 1.1 million oz Au of combined gold resources
