Market Herald logo


Be the first with the news that moves the market
  • Desert Gold (TSXV:DAU) has purchased 95 per cent of the rights to the Sola West Property in Mali
  • The Western Mali property fills a hole between the company’s wider Sengal Mali Shear Zone Project and its satellite Soa Prospect Property 
  • The Sola West Property has a history of mining conducted on it, and Desert Gold has committed to exploring the site during the current drill program 
  • The four drill, 10,000-metre program is already running on the properties
  • Desert Gold (DAU) is trading up eight per cent and is trading at C$0.20 per share

Desert Gold (TSXV:DAU) has acquired 95 per cent of the rights to the Sola West property in Western Mali.

The 16 square kilometre property will give Desert Gold a never before explored greenfield in a highly prospective region.

The property will fill an approximate four-kilometre property gap between Desert Gold’s Senegal Mali Shear Zone project (SMSZ) and the company’s Sao Prospect, a satellite property of the SMSZ. The total size of the SMSZ project is now 410 square kilometres.

The SMSZ has recorded intercepts of 7.83 grams per tonne gold over 13 metres, and the Soa Prospect has returned an intercept of 2.02 grams per tonne over 30 metres.

The company intends to drill test some gold-in-soil anomalies found on the Sola West property, surrounding previously conducted mining activity.

The site’s Kolon mining area is a 350 metre by 150 metre area across three open pit mines. The entirety of the SMSZ project sits on a 38-kilometre section of the Senegal Mali Shear Zone.

Exploration on the project is ongoing, with one diamond drill and two auger drills currently turning on the site, with a third drill arriving this weekend.

The total exploration work dialled up is a 10,000-metre program, with the augers having already drilled a whopping 247 holes for a total of 2,233 metres.

Desert Gold’s CEO Jared Scharf said he was very pleased with the expansion of the SMSZ project.

“Filling gaps like Solar West are important given the fact that the mineralised systems both to the northeast and southwest, along strike, likely continue onto the Sola West property package.

“The presence of significant artisanal mining and strong gold-in-soil anomalies further augment the perspectivity of Sola West.

“Weather and time permitting, we plan to drill test some of these targets during our current drill program,” he said.

Desert Gold (DAU) is up eight per cent and is trading at C$0.20 at 2:30 pm EDT. 

More From The Market Herald

Scratching the surface of an emerging gold belt in Canada

Westhaven Gold Corp. (TSXV:WHN) is a Canadian exploration company that has four gold projects along the Spences Bridge Gold Belt in B.C.

Great Atlantic Resources completes 2023 program at South Quarry

Great Atlantic Resources has completed its 2023 exploration program at its 100-per-cent-owned South Quarry tungsten property in Newfoundland.

One of B.C.’s top gold assets just got better

Gold penny stock Ascot Resources (TSX:AOT) provides a construction update at its Premier gold project in British Columbia’s Golden Triangle.

Barrick options microcap gold stock’s secondary property in Peru

Xali Gold (TSXV:XGC) has optioned its prospective Tres Marias property in southern Peru to Barrick Gold (TSX:ABX).