April 2020 Disclaimer All statements in this presentation, other - - PowerPoint PPT Presentation

April 2020

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.

Why Gold and Gold Equities Now??

• Gold and gold equities are a hedge against low to negative interest rates - G20

central banks are and will be running zero or negative interest rate policy for the foreseeable future, thus cash does not provide any returns

• Gold and gold equities are a hedge against currency devaluation

– G20 government, corporate and consumer debt at all-time highs – US government debt forecast to be ~120% of GDP in 2020 – US Federal Reserve balance sheet expands to $5.3 trillion in Q1, 2020 – an all time high – Global money supply expanding at historic pace; Global stimulus expected to top $9 trillion

• vs. $2 trillion during 2008 financial crisis

– In contrast to 2008 financial crisis, majority of global stimulus is aimed at consumers translating into a direct debasement of fiat currencies; likely outcome is inflation

• Gold’s historic run from $700/oz to $1900/oz between between Oct 2008 and

Oct 2011 – Gold is set to run again

– was set off by a major correction in US and global equities which was then further strengthened by unprecedented accommodative monetary policy and fiscal stimulus – Global policy actions being enacted today are orders of magnitude more vast, sweeping and responsive then in 2008 suggesting the likelihood of an even greater run-up in the price of gold

• The above factors should translate into improved valuations in

the underlying gold equities like they did between 2009 and 2012

Corporate Highlights

1. 1- 6 million ounce gold target 2. Increasing land package 3. Numerous historic gold zones

Ashanti Gold/MMC/Altus/SUD acquisitions

4. Economic grade targets 5. Target-rich environment 6. Monetization of 2nd priority project Senegal-Mali Shear Zone (SMSZ) ~400 km2 under-explored area along SMSZ 20 zones on combined property

• Steps 2 of 3 of acquisition strategy

completed 6.3 g/t Gold over 13 metres - open New targets in the right area Lie adjacent to producing mines and have

• nly seen limited exploration

Capital Structure & Corp. Info

Ticker TSX.V: DAU Issued & Outstanding 109.4 million Options 6.3 million Warrants (Dau) Warrants (ex-Ashanti) 52.1 million @$0.226 ($0.09 to $0.30 each) 2.1 million @$0.647 ($0.28 to $0.46) Fully Diluted 170 million Board & Management Sonny Janda, Chairman Jared Scharf, Director, President & CEO Don Dudek (Geo.), Director Larry Tsang (CPA), CFO Salif Keita, VP Exp. Major Shareholders Grand Peak Capital Corp. 7.8% Management & Board 5.8% Sodinaf International 5.1% Capital Drilling 4.7% Ross Beaty 3.4% Leede Jones 3%

Mali, West Africa

• Mali is Africa’s fourth largest gold producing

country.

v Annual gold production in 2018 ~2.14million oz Au v >35 million oz Au of reserves v Recent new discoveries v Highly prospective and still underexplored to not explored v Major producers and Developers - Barrick, B2Gold, Endeavour, Allied Gold, Hummingbird, Resolute and BCM

• Desert Gold controls 2 large exploration permits

in strategic areas.

v SMSZ Project – along Senegal Mali Shear and Main Transcurrent Shear Zones v 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:

v

Yatela: 3.5 Moz

v

Sadiola: 8.1 Moz

v

Loulo: 9.8 Moz

v

Gounkoto: 4.4 Moz

v

Tabakoto & Segala: 3.3 Moz

v

Fekola: 7 Moz

SMSZ Project, West Mali

• ~400 km2 Project spans the SMSZ

v Significant drill results including 6.28 g/t Au over 13 meters. OPEN!

• 20 known sediment, volcanic and

intrusion-hosted gold zones v 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

v >100 untested gold-in-soil anomalies >200 ppb, untested IP anomalies

THE PLAN

• 57 Target areas identified
• 15,000 m+ drilling program started in

Q4, 2019. Mix of first pass to resource drilling

• 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

v Recent program began testing 4 of the target areas with a 74 hole, 3,507 metre drill program v Target areas consist of a combination of

• known zones with inferred

extensions both along strike and to depth,

• artisanal workings,
• gold-in-soil anomalies of >200

ppb gold,

• gold in auger anomalies of >100

ppb gold

• IP chargeability high anomalies
• Covered areas with inferred

structural targets

• Areas along strike of known zones

that have not been explored v Plan to develop new grassroots targets and drill test grassroots to resource build targets

SMSZ Geophysical Anomalies

Southern Gold Belt of Mali

• The 100 km2 Djimbala prospect is

proximal to several large mines and deposits

• Hummingbird’s Komana mine (1.8MM
• z 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

v SMSZ PROJECT Ø Regional scale ~400 km2 land package spanning the SMSZ and MTSZ Ø 1 to 6 million ounce SMSZ target with abundant gold mineralization already discovered Ø Target model working - Encountering similar geology to nearby >10 million oz Au Sadiola/Yatela mines Ø 20 known gold zones with minimal exploration to date Ø Upside – New gold zones and compelling soil anomalies to follow up with >100, >200 ppb gold Ø New results – 2.04 g/t gold over 30 metres and 3.03 g/t gold over 8 metres v DJIMBALA Ø Adjacent to new Hummingbird Mine Ø Reported major artisanal mining presence on property Ø Initial, small, soil sampling program shows strong results with 20 samples >100 ppb gold Ø Additional surface exploration to be completed to delineate first drill targets