Welcome to our dedicated page for Desert Gold Ventures news (Ticker: DAUGF), a resource for investors and traders seeking the latest updates and insights on Desert Gold Ventures stock.
Desert Gold Ventures Inc. (DAUGF) is a gold exploration company focused on advancing its flagship SMSZ Project in Western Mali through systematic drilling programs and detailed resource assessments. This news hub provides investors and industry observers with centralized access to official company announcements and operational updates.
Our curated collection of DAUGF news ensures stakeholders can efficiently track exploration progress, financial developments, and strategic initiatives. The resource combines press releases, regulatory filings, and project-specific updates to offer a complete picture of corporate activities.
Key coverage areas include drilling results, mineral resource estimates, financial reporting, and partnership announcements. All content undergoes verification to maintain accuracy and compliance with mining disclosure standards.
Bookmark this page for direct access to Desert Gold Ventures' verified communications. Combine regular monitoring with independent research to inform your analysis of this active gold exploration company.
Desert Gold Ventures (DAUGF) has discovered historic drill data for 49 holes near the Mogoyafara South Deposit and 29 holes near the Linnguekoto West Deposit. These zones currently contain Inferred Mineral Resources of 479,000 ounces of gold grading 1.09 g/t gold.
Key findings at Mogoyafara South include significant intercepts such as 1.58 g/t gold over 33 metres and 0.83 g/t gold over 42 metres. At Linnguekoto West, notable results include 3.4 g/t gold over 12 metres. The new data validates and potentially expands the existing resource model, with drilling extending mineralization by 400-450 metres north and south at Mogoyafara.
Management believes this data could support a small increase in mineral resources and indicates strong potential for further resource expansion through additional drilling. The company is currently advancing a PEA for oxide and transition mineral resources at the Barani East and Gourbassi West Deposits.
Desert Gold Ventures (DAUGF) has announced newly discovered trench and prospecting data from 2010-2012 work at their Mogoyafara South (MS) and Linnguekoto West (LW) gold deposits. The two deposits currently hold Inferred Mineral Resources of 479,000 ounces of gold grading 1.09 g/t gold.
At Mogoyafara South, significant trenching results include intersections up to 2.73 g/t Au over 16m, with prospecting samples yielding up to 57.0 g/t Au. The Linnguekoto West area showed promising results with trenching values up to 3.15 g/t Au over 16m and remarkable prospecting samples reaching 1,205 g/t Au.
The company plans follow-up trenching at MS and is evaluating drilling options for the laterite ridge targets at LW. A PEA completion is estimated for Q1 2025, with additional gravity test work scheduled for January at the Barani East Deposit.
Desert Gold Ventures (TSXV: DAU) has appointed Diallo Cheick Ousmane as Vice President of Exploration, West Africa. Ousmane brings over 15 years of experience in gold and base metals exploration within the Birimian Greenstone Belt and Arabian Shield, having worked with companies like Avocet Mining, Centamin, and Acacia/Barrick Gold.
Concurrent with this appointment, Don Dudek will step down as Director but continue as Senior Technical Advisor. The company currently manages a project portfolio spanning over 440km² and has achieved a million oz gold resource milestone. Desert Gold is also nearing the publication of a PEA for a small mine development project, aiming to use future cash flow to support company growth.
Desert Gold Ventures has announced results from its Q2 2024 Phase 2 drill program at the SMSZ Project in Mali. The 3,892-meter program across 65 holes revealed significant gold intersections, including 6.35 g/t Au over 9.5 metres at Frikidi and 3.81 g/t Au over 2.7 m at Mogoyafara South. The company aims to exceed 2 million ounces in gold mineral resources, with current drilling extending known zones and discovering new mineralization. A PEA is expected in early 2025, with ongoing metallurgical testing at Barani East, Gourbassi West, and Gourbassi West North deposits.
Desert Gold Ventures has successfully concluded its warrant exercise incentive program, raising CAD $1,258,286 through the exercise of 15,728,571 Eligible Warrants at $0.08 per Common Share. The program participants received an equal number of Incentive Warrants, exercisable at $0.08 for three years. The funds will support the development of the company's SMSZ Gold Project in West Mali and general working capital. Insiders participated in 5.02% of the total Eligible Warrants exercised. The new Incentive Warrants include an acceleration clause if shares trade at or above $0.20 for ten consecutive days.
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) has announced an update to its warrant exercise incentive program. The program aims to encourage the exercise of up to 28,438,688 unlisted common share purchase warrants issued on December 21, 2022. Each eligible warrant can be exercised for one common share at $0.08 per share.
The company is offering an inducement to warrant holders who exercise during the early exercise period from October 7, 2024 to November 6, 2024. The inducement consists of one new warrant for each eligible warrant exercised. The new warrants will be exercisable at $0.08 for 3 years, with an accelerated expiry clause if the company's shares trade at or above $0.20 for 10 consecutive trading days.
The program aims to fund working capital and is subject to TSX Venture Exchange approval. Insider participation is to 10% of total eligible warrants.
Desert Gold Ventures Inc. (TSXV: DAU) (OTCQB: DAUGF) has announced a warrant exercise incentive program to encourage the exercise of up to 48,235,326 unlisted common share purchase warrants. The program offers an inducement to warrant holders who exercise during an early exercise period, consisting of one new warrant in addition to the common share subscribed for. Each new warrant is exercisable at $0.08 for 3 years, with an accelerated expiry if the company's shares trade at or above $0.20 for 10 consecutive trading days.
The company expects to receive gross proceeds of up to $3,858,826.08 if all eligible warrants are exercised. This will fund exploration and development work at the company's flagship SMSZ Project in western Mali. The early exercise period will commence one day after receiving TSX Venture Exchange conditional approval and extend for 4 weeks.
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) has provided an update on its Preliminary Economic Assessment (PEA) for the SMSZ Project in western Mali. Key highlights include:
1. Assay results from 12 metallurgical drill holes, with notable intersections:
- 3.54 g/t Au over 10.15 metres at Barani East
- 6.62 g/t Au over 12 metres at Gourbassi West
2. Three composite metallurgical samples sent to a lab in South Africa
3. Drone survey completed over potential mining areas
4. An initial resource estimate to be prepared for Gourbassi West North
The company aims to complete the PEA as soon as possible, with heap leach metallurgical test work expected to take at least 3 months.
Desert Gold Ventures has announced the granting of 3,300,000 incentive stock options to its directors, officers, employees, and consultants. These options are exercisable at CAD $0.08 per share and will expire five years from the date of grant. This move aligns with the Company’s Stock Option Plan, aiming to motivate and retain key personnel.
Desert Gold Ventures has completed a non-brokered private placement, raising CAD $941,920 through the issuance of 13,456,000 units at CAD $0.07 per unit. This, combined with a prior financing round, brings the total funds raised to CAD $2,061,440. Each unit includes one common share and one share purchase warrant, allowing the purchase of an additional share at CAD $0.08 for three years. The funds will be used for drilling projects at the Mogoyafara South Deposit and the southeast extension of the Barani East Deposit, as well as four nearby exploration targets.
