2020 PDAC Presentation
Disclaimer All statements in this presentation, other than historical facts, that address exploration activities and mining potential are forward-looking statements. Although Desert Gold Ventures Inc. believes that the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements should not in any way be construed as guarantees of future performance. Factors that could cause developments to differ materially from those expressed include exploration results; technical analysis; and lack of availability to the company of necessary capital to progress its projects further. The company is subject to specific risks inherent in the mineral exploration business and general economic and business conditions.
Corporate Highlights 1. 1- 6 million ounce gold target Senegal-Mali Shear Zone (SMSZ) ~400 km 2 under-explored area along SMSZ 2. Increasing land package 3. Numerous historic gold zones 19 zones on combined property Ashanti Gold/MMC/Altus/SUD - Steps 2 of 3 of acquisition strategy acquisitions completed 6.3 g/t Gold over 13 metres - open 4. Economic grade targets New targets in the right area 5. Target-rich environment Monetization of 2 nd priority Lie adjacent to producing mines and have 6. only seen limited exploration project
Capital Structure & Corp. Info Ticker TSX.V: DAU Major Shareholders Grand Peak Capital Corp. 7.8% Issued & Outstanding 93.1 million Management & Board 5.8% Options 6.3 million Warrants (Dau) 46 million @$0.226 Sodinaf International 5.1% ($0.09 to $0.30 each) Capital Drilling 4.7% Warrants (ex-Ashanti) 4.6 million @$0.647 ($0.28 to $0.91) Ross Beatty 3.4% Fully Diluted 150 million Leede Jones 3% Board & Management Sonny Janda, Jared Scharf, Director, Director, President & Chairman CEO Don Dudek (Geo.), Larry Tsang (CPA), Director CFO Salif Keita, VP Exp.
Mali, West Africa • Mali is Africa’s fourth largest gold producing country . ❖ Annual gold production in 2018 ~2.14million oz Au ❖ >35 million oz Au of reserves ❖ Recent new discoveries ❖ Highly prospective and still underexplored to not explored ❖ Major producers and Developers - Barrick, B2Gold, Endeavour, Allied Gold, Hummingbird, Resolute and BCM • Desert Gold controls 2 large exploration permits in strategic areas . ❖ SMSZ Project – along Senegal Mali Shear and Main Transcurrent Shear Zones ❖ Djimbala – Adjacent to 1.8 million ounce Yanfolia Mine and on same geological trend as Endeavour’s advanced Kalana Project
Western Gold Belt of Mali • Desert Gold is targeting 1 to 6 million oz Au - >> $1 billion in metal • Gold mineralization in Western Mali is related to the Senegal Mali Shear Zone (“SMSZ”). • Desert Gold’s property is directly on and proximal to the SMSZ: • Major deposits in close proximity to Farabantourou and Segala West on the SMSZ: ❖ Yatela: 3.5 Moz ❖ Sadiola: 8.1 Moz ❖ Loulo: 9.8 Moz ❖ Gounkoto: 4.4 Moz ❖ Tabakoto & Segala: 3.3 Moz ❖ Fekola: 7 Moz
SMSZ Project, West Mali ~400 km 2 Project spans the SMSZ • ❖ SMSZ related to 30m + oz Au of production and Au reserves. ❖ Significant drill results including 6.28 g/t Au over 13 meters. OPEN! • 19 known sediment, volcanic and intrusion-hosted gold zones ❖ Mineralization style mimics that of the nearby sulphide-replacement altered, limestone-hosted Sadiola and Yatela deposits that are host to more than 8 million ounces of gold. • Additional Upside ❖ >100 untested gold-in-soil anomalies >200 ppb • 15,000 m+ drilling program started in Q4, 2019 • 10,000 m+ auger drilling program planned in 1H 2020 • Resource report tentatively planned for late Q3, 2020
SMSZ Target Areas • 59 target areas delineated ❖ Recent program began testing 4 of the target areas with a 74 hole, 3,507 metre drill program ❖ Target areas consist of a combination of o known zones with inferred extensions both along strike and to depth, o artisanal workings, o gold-in-soil anomalies of >200 ppb gold, o gold in auger anomalies of >100 ppb gold o IP chargeability high anomalies o Covered areas with inferred structural targets o Areas along strike of known zones that have not been explored ❖ Plan to develop new grassroots targets and drill test grassroots to resource build targets
SMSZ Geophysical Anomalies
Southern Gold Belt of Mali • The 100 km 2 Djimbala prospect is proximal to several large mines and deposits • Hummingbird’s Komana mine (1.8MM oz Au) occurs just west of the Djimbala permit and Endeavour’s Kalana deposit with 2MM oz is ~18 km south of Djimbala. • It is also 15 km north of ~2 million oz Au Kodieran mine. • Bulk of the property has never been explored even though it appears to be in the ‘right area’ • Follow-up to include first pass soil sampling in the southern half of the concession, prospecting and mapping
Summary/Highlights • Target 1 – 6 million ounce gold deposit in western and southern Mali ❖ SMSZ PROJECT ➢ Regional scale ~400 km 2 land package spanning the SMSZ and MTSZ ➢ 1 to 6 million ounce SMSZ target with abundant gold mineralization already discovered ➢ Target model working - Encountering similar geology to nearby >10 million oz Au Sadiola/Yatela mines ➢ 19 known gold zones with minimal exploration to date ➢ Upside – New gold zones and compelling soil anomalies to follow up with >100, >200 ppb gold ➢ New results – 2.04 g/t gold over 30 metres and 3.03 g/t gold over 8 metres ❖ DJIMBALA ➢ Adjacent to new Hummingbird Mine ➢ Reported major artisanal mining presence on property ➢ Initial, small, soil sampling program shows strong results with 20 samples >100 ppb gold ➢ Additional surface exploration to be completed to delineate first drill targets
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