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Desert Gold Appoints Diallo Cheick Ousmane to VP Exploration, West Africa

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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 (TSXV: DAU) ha nominato Diallo Cheick Ousmane Vice Presidente per l'Esplorazione, Africa Occidentale. Ousmane porta con sé oltre 15 anni di esperienza nell'esplorazione di oro e metalli di base all'interno della Birimian Greenstone Belt e dello Scudo Arabo, avendo lavorato con aziende come Avocet Mining, Centamin e Acacia/Barrick Gold.

In concomitanza con questa nomina, Don Dudek si dimetterà dalla carica di Direttore ma continuerà a lavorare come Consulente Tecnico Senior. L'azienda attualmente gestisce un portafoglio di progetti che si estende per oltre 440 km² e ha raggiunto un traguardo di risorse oro di un milione di once. Desert Gold è inoltre in procinto di pubblicare uno Studio di Fattibilità Preliminare (PEA) per un progetto di sviluppo di una piccola miniera, con l'obiettivo di utilizzare i futuri flussi di cassa per sostenere la crescita aziendale.

Desert Gold Ventures (TSXV: DAU) ha nombrado a Diallo Cheick Ousmane como Vicepresidente de Exploración en África Occidental. Ousmane cuenta con más de 15 años de experiencia en la exploración de oro y metales base dentro del Cinturón Verde de Birimian y del Escudo Arábigo, habiendo trabajado con empresas como Avocet Mining, Centamin y Acacia/Barrick Gold.

Al mismo tiempo de esta designación, Don Dudek dejará su puesto como Director, pero continuará como Asesor Técnico Senior. La empresa gestiona actualmente un portafolio de proyectos que abarca más de 440 km² y ha alcanzado un hito de recursos de un millón de onzas de oro. Desert Gold también está cerca de publicar un Estudio de Factibilidad Preliminar (PEA) para un pequeño proyecto de desarrollo de mina, con el objetivo de utilizar los flujos de efectivo futuros para apoyar el crecimiento de la empresa.

Desert Gold Ventures (TSXV: DAU)는 Diallo Cheick Ousmane을 서아프리카 탐사의 부사장으로 임명했습니다. Ousmane은 비리미안 녹색 돌대와 아라비아 쉴드 내에서 금 및 기초 금속 탐사 분야에서 15년 이상의 경험을 보유하고 있으며, Avocet Mining, Centamin, Acacia/Barrick Gold와 같은 회사에서 근무한 경력이 있습니다.

이번 임명과 함께 Don Dudek는 이사직에서 물러나지만, 수석 기술 고문으로 계속 역할을 수행할 것입니다. 회사는 현재 440km² 이상의 프로젝트 포트폴리오를 관리하고 있으며, 백만 온스의 금 자원 고지를 달성했습니다. Desert Gold는 또한 작은 채굴 개발 프로젝트를 위한 PEA(Preliminary Economic Assessment) 발표를 앞두고 있으며, 향후 현금 흐름을 활용해 회사 성장에 기여할 계획입니다.

Desert Gold Ventures (TSXV: DAU) a nommé Diallo Cheick Ousmane au poste de Vice-président de l'Exploration pour l'Afrique de l'Ouest. Ousmane apporte plus de 15 ans d'expérience dans l'exploration de l'or et des métaux de base au sein de la ceinture verte de Birimian et du bouclier arabe, ayant travaillé avec des entreprises telles qu'Avocet Mining, Centamin et Acacia/Barrick Gold.

En parallèle de cette nomination, Don Dudek démissionnera de son poste de directeur mais continuera en tant que conseiller technique senior. La société gère actuellement un portefeuille de projets s'étendant sur plus de 440 km² et a atteint un jalon de ressources en or d'un million d'onces. Desert Gold est également sur le point de publier une PEA pour un petit projet de développement minier, visant à utiliser les flux de trésorerie futurs pour soutenir la croissance de l'entreprise.

Desert Gold Ventures (TSXV: DAU) hat Diallo Cheick Ousmane zum Vizepräsidenten für Exploration in Westafrika ernannt. Ousmane bringt über 15 Jahre Erfahrung in der exploration von Gold und Basismetallen im Birimian Greenstone Belt und im Arabischen Schild mit, und hat mit Unternehmen wie Avocet Mining, Centamin und Acacia/Barrick Gold gearbeitet.

Gleichzeitig wird Don Dudek von seiner Position als Direktor zurücktreten, aber weiterhin als Senior Technical Advisor tätig sein. Das Unternehmen verwaltet derzeit ein Projektportfolio von über 440 km² und hat einen Meilenstein von einer Million Unzen Goldressourcen erreicht. Desert Gold steht auch kurz vor der Veröffentlichung einer PEA für ein kleines Bergbauentwicklungsprojekt, mit dem Ziel, zukünftige Cashflows zur Unterstützung des Unternehmenswachstums zu nutzen.

Positive
  • Project portfolio expansion to over 440km²
  • Achievement of million oz gold resource milestone
  • Upcoming PEA publication for small mine development
  • Addition of experienced regional executive with local expertise
Negative
  • Loss of board director expertise with Dudek's resignation

Surrey, British Columbia--(Newsfile Corp. - December 24, 2024) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the "Company") is pleased to announce the appointment of Mr. Diallo Cheick Ousmane to the role of Vice President of Exploration, West Africa.

Mr. Diallo is a distinguished mining professional with over 15 years of extensive experience in gold and base metals exploration and production within the prolific Birimian Greenstone Belt in West Africa and the Arabian Shield in Saudi Arabia. His career has spanned several senior roles at leading companies, including Avocet Mining, Centamin, and Acacia/Barrick Gold, where he has made significant contributions to the industry. Notably, he contributed to the resource enhancement of the Inata Gold Mine in Burkina Faso. Ousmane holds a Master's degree in Geology from the University of Ouagadougou and is a member of the Society of Economic Geology (SEG) and the Ordre des Géologues du Burkina, further demonstrating his commitment to professional excellence in the field.

The Company also wishes to announce that Mr. Don Dudek will resign from his position as Director effective immediately and will remain on a Senior Technical Advisor to the Company.

Mr. Don Dudek commented, "Recently Desert Gold added Diallo Ousmane, a very capable Burkina Faso geologist, to lead its West African exploration team. Over the past few months, Diallo has reviewed and evaluated Desert Gold's exploration portfolio by spending an extensive amount of time in the field and working on an updated exploration plan. Consequently, I am handing the geological reins to Diallo and will back away from my role as Lead Technical Director. Concurrently, Desert Gold is also focused on developing a small gold mine with a goal of using the cash flow to support continued growth of the company. This requires a different skill set at the Board level so it now makes sense for me to back away as a Director. I do plan, however, to continue my support of Desert Gold as Senior Technical Advisor, a position I held before becoming a Director."

Desert Gold's CEO, Jared Scharf, commented, "I'm very grateful for Don's participation at the board level over the last several years. Together, we've grown the project portfolio to over 440km2 and have breached the million oz gold resource threshold. In addition to this, we're very close to publishing a PEA for the small mine which I'm optimistic will have a favorable outcome. I'm very pleased that Don will stay on as senior technical advisory to the Company and continue to help steer the geological and operational strategy in West Africa."

Mr. Scharf further commented, "Mr. Diallo is a perfect fit for our team. As a senior exploration geologist native to Burkina Faso, he will have a full-time presence in the region and will spend the majority of his time in the field at our SMSZ project. His intimate geological understanding of the region is invaluable to our team and I very much look forward to working with him as we move forward."

On Behalf of the Board

"Jared Scharf"

___________________________
Jared Scharf
President & Director

About Desert Gold

Desert 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 www.SEDARPLUS.ca under the company's profile. Website: www.desertgold.ca.

Contact
Jared Scharf, President and CEO
Email: jared.scharf@desertgold.ca
Tel. No.: +1 (858) 247-8195

This news release contains forward-looking statements. 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. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, liquidity risks, the degree to which Mineral Resource estimates are reflective of actual Mineral Resources, the degree to which factors which would make a mineral deposit commercially viable, and 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 www.sedarplus.ca 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 https://www.newsfilecorp.com/release/235021

FAQ

What is Desert Gold's (DAUGF) current resource milestone achievement?

Desert Gold has reached the million oz gold resource threshold across its project portfolio.

How large is Desert Gold's (DAUGF) current project portfolio?

Desert Gold's project portfolio spans over 440km² in West Africa.

What is the status of Desert Gold's (DAUGF) small mine development project?

The company is close to publishing a Preliminary Economic Assessment (PEA) for the small mine development project.

What experience does Desert Gold's (DAUGF) new VP of Exploration bring to the company?

Diallo Cheick Ousmane brings over 15 years of experience in gold and base metals exploration within the Birimian Greenstone Belt and Arabian Shield, with previous roles at Avocet Mining, Centamin, and Acacia/Barrick Gold.

DESERT GOLD VENTURES

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