November 2019 Disclaimer All statements in this presentation, other - - PowerPoint PPT Presentation

November 2019

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 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 projects Senegal-Mali Shear Zone (SMSZ) 407 km2 under-explored area along SMSZ 19 zones on combined property Steps 2 of 3 completed - acquisition strategy 6.3 g/t Gold over 13 metres - open New targets in the right area Lie adjacent to producing mines and have only seen limited exploration

Capital Structure & Corp. Info

Ticker TSX.V: DAU Issued & Outstanding 90.1 million Options 3.7 million Warrants 35.4 million Fully Diluted 128.9 million Board & Management Sonny Janda, Chairman Jared Scharf, Director, President & CEO Don Dudek (Geo.), Director Greg Isenor (Geo.), Director Larry Tsang (CPA), CFO Salif Keita, VP Exp. Major Shareholders Grand Peak Capital Corp. 11.1% Management & Board 6.9% Sodinaf International 5.3% Capital Drilling 4.9% Ross Beaty 3.5% Donald Smith 2.6%

Mali, West Africa

• Mali is Africa’s third largest gold producing

country.

v Annual gold production in 2017 was 46.9 million tons ~1. 51million oz Au v >35 million oz Au of reserves v Recent new discoveries v Highly prospective and still underexplored v Major producers and Developers - Barrick, Anglo Gold Ashanti, B2Gold, Endeavour, Hummingbird, Resolute and BCM

• Desert Gold controls 3 large exploration permits

in strategic areas.

v SMSZ Project – along Senegal Mali Shear and Main Transcurrent Shear Zones v Segala West – between 9.8 million oz Loulo Mine and 3.3 million ounce Tabakoto Mine v Djimbala – Adjacent to 1.8 million ounce Yanfolia Mine

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 properties are directly
• n 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: 6 Moz

SMSZ Project, West Mali

• 407 km2 Project spans the SMSZ

v SMSZ related to 30m + oz Au of production and Au reserves. v Significant drill results including 6.28 g/t Au over 13 meters. OPEN!

• 19 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

• 15,000 m+ drilling program planned to

start in Q4, 2019 and extend to July 2020

• 10,000 m+ auger drilling program

planned in Q4 and extend to July 2020

• Resource report tentatively planned for

Q3, 2020

Ashanti Gold/MMC/Altus Acquisitions

• April 2019, Desert Gold announced the

acquisition of Ashanti Gold Corp

• May 7, 2019, Desert Gold signs deal to

acquires 103 km2 property

• August 27, 2019, Desert Gold acquires

another 83 km2 land package from Altus

• Sept. 24, acquired Linguekoto concession

Transaction Highlights

• District-Scale Land Package - ~20 km

across by ~30 km long, ~407 km2

• Excellent Location on Prolific Senegal

Mali Shear (SMSZ) and Main Transcurrent Shear Zones (MTSZ) – The land package spans the SMSZ, which is related to 30 million + oz Au production and resources and the MTSZ, which hosts Barrick’s 3 million ounce Massawa Deposit.

• The Gourbassi East and Gourbassi

West zones significant resource potential

• Combined Properties host >17 known

Gold Zones

Segala West Project, West Mali

• The permit is 68km2 and just

east of the SMSZ and is currently under a renewal application.

• 7 large artisanal mining zones

exist within a 24 km2 geochemical soil anomaly.

• The property is located

between 6 million oz Au Loulo mine and the 3 million

• z Au Tabakoto mine.
• The property contains 310

gold in soil anomalies >200 ppb with a high of 10,000

• ppb. All require follow up.
• Most holes encountered

mineralization with best results

• f 5.35 g/t Au over 5m, 3.21 g/

t Au over 4m, 7.13 g Au over 1m, 7.16 g/t Au over 1m and 0.92 g/t Au over 22m.

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 and mapping

Summary/Highlights

• Target 1 – 6 million ounce gold deposit in western and southern Mali

v SMSZ PROJECT Ø Regional scale 407 km2 land package spanning the SMSZ and MTCZ Ø 1 to 6 million ounce SMSZ target with strong gold mineralization already discovered Ø Target model working - Encountering similar geology to nearby 8 million oz Au Sadiola/Yatela mines Ø 19 known gold zones with minimal exploration to date Ø Upside – New gold zones and compelling soil anomalies to follow up with >60 >200 ppb gold v SEGALA WEST Ø Property sits between Randgold’s 9.8 million oz Au Loulo mine and the 3 million oz Au Tabakoto mine – Tabakoto requires feed Ø A large 24km2 geochemical soil anomaly exists on the permit with 310 soil anomalies >200 ppb gold Ø First pass exploration encountered gold mineralization in most holes - follow up required v DJIMBALA Ø Adjacent to new Hummingbird Mine Ø 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