Desert Gold Reports Results on Drilling at the Rubaya Project in Rwanda
23 Mayo 2012 - 3:47PM
Marketwired Canada
Desert Gold Ventures Inc. (TSX VENTURE:DAU) (the "Company" or "Desert Gold") is
pleased to announce positive results of the ongoing drill program at its Byumba
Gold Permit in Rwanda. Desert Gold is conducting core drilling to increase the
current 43-101 compliant inferred resource of 5,551,000 tons at a grade of
1.48g/t Au (265,000 ounces) by drilling along the extensions of the deposit. In
its latest program Desert Gold drilled 2,900m in 12 holes along the
north-northwestern extension of the existing resource. 80% of assay results were
received and 45 sampled intervals assayed above 1g/t Au.
So far drilling confirms a continuous 1,200m mineralized zone. The orientation
of the zone is NNW to SSE with sub-outcropping mineralization. Gold
mineralization occurs in broad low grade zones hosting zones of higher grade
mineralization. The mineralization remains open down dip and along strike.
Table 1. Selected intersections from boreholes RB11-34 to RB12-40, drilled
on the extension of the current resource
----------------------------------------------------------------------------
Intersection
Hole No From (m) To (m) width (m) Au (g/t)
----------------------------------------------------------------------------
RB11-34 25.47 31.47 6.00 0.86
RB11-34 110.38 122.57 11.74 0.56
including 110.83 112.85 2.02 2.15
RB11-34 129.30 143.35 14.05 0.65
including 141.31 143.35 2.04 1.10
RB11-35 114.15 130.21 14.31 0.70
RB11-35 122.58 130.21 5.90 1.27
RB12-35 180.74 181.80 1.06 6.21
RB12-36 95.14 111.20 16.06 0.59
including 102.30 109.50 7.20 0.80
RB12-38 150.81 152.16 1.35 3.12
RB12-38 199.02 201.86 2.84 2.12
RB12-39 13.84 36.23 22.39 0.76
including 13.84 16.97 3.03 1.56
including 29.45 36.23 6.78 1.09
RB12-40 267.90 276.24 8.34 0.51
The chemical analyses were conducted by ALS Chemex Johannesburg using the fire
assay method with a ICP-AES finish. Results show the mineralization to extend
for 400m and more to the NNW of the current resource. Desert Gold expects that
continued drilling along strike and on down dip extensions will increase the
current resource significantly.
To view Figures 1 and 2, visit the following link:
http://media3.marketwire.com/docs/DAUfigures1and2.pdf
About Desert Gold
Desert Gold Ventures Inc. is an advanced exploration and development company
which holds mining assets in Mali, Rwanda, Senegal and a 50% participating
interest in a joint venture agreement with Kinross Goldbanks Mining Company (a
subsidiary of Kinross Gold Corporation) of Toronto, Ontario in respect of the
Goldbanks Mining property located in Pershing County, Nevada, USA.
For further information concerning Desert Gold Ventures Inc. and the TransAfrika
material properties, please refer to Desert Gold's SEDAR profile at
www.sedar.com or visit our website at www.desertgold.ca.
A. H. Vermaak (Pr. Sci. Nat) is the independent Qualified Person responsible for
the technical information reported herein. This news release has been prepared
on behalf of the board of directors of Desert Gold, which accepts full
responsibility for its contents.
Louw van Schalkwyk, B.Sc. Geology (Honours), Vice President, Exploration, Director
This press release includes certain "forward-looking statements". All statements
regarding the ability of the Company to successfully delineate new resources in
proposed drilling programs are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. All statements that are
not historical facts, including without limitation statements regarding future
estimates, plans, objectives, assumptions or expectations of future performance,
are "forward-looking statements". We caution you that such "forward looking
statements" involve known and unknown risks and uncertainties that could cause
actual results and future events to differ materially from those anticipated in
such statements. Such risks and uncertainties include the inability of the
Company to close the Proposed Transaction and the Financing due to the state of
the capital markets and other risk factors as discussed in the Company's filings
with Canadian securities regulatory agencies. The Company expressly disclaims
any obligation to update any forward-looking statements except as may be
required by law.
For further information concerning Desert Gold Ventures Inc. and the TransAfrika
material properties, please refer to Desert Gold's SEDAR profile at
www.sedar.com or visit our website at www.desertgold.ca.
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