Welcome!

News Feed Item

Desert Gold Ventures Commences a Mining Feasibility Study on Its Barani East Project in Western Mali

TORONTO, ONTARIO -- (Marketwired) -- 06/02/14 -- Desert Gold Ventures Inc. (TSX VENTURE: DAU) (the "Company" or "Desert Gold") is pleased to record extensive metallurgical test work conducted on bulk mining samples from the recently drilled and sampled Barani East Gold Deposit (the "Deposit") indicates gold recoveries up to 85%. The company is currently engaged in a feasibility study to support fundraising for the development of a mine on the deposit.

Process Design

A two ton bulk sample of ore collected from the Barani east prospect was submitted to Peacocke Simpson & Associates (Pty) Ltd's minerals processing laboratory in Harare, Zimbabwe for bulk metallurgical work.

The company has commissioned an engineering design team from Appropriate Process Technologies (Pty) Ltd (Johannesburg, South Africa) ("APT") for plant design. APT specialises in the manufacturing of modular mineral processing plants and are designing a plant to optimise the economic exploitation of the resource. The latest tests indicate that a low capital cost plant comprising a wash and screen (2 mm) circuit, with minor crushing, feeding to a Knelson gravity concentrator will recover 40.3% of the gold. The tailings from the Knelson concentrator were fed to a Knelson continuous variable discharge concentrator (CVD) from which concentrates with a mass yield of approximately 11% were subjected to a cyanide leach, which resulted in an additional 25% of the gold to be recovered. Although this process, in aggregate, generates a lower recovery of the gold (65%) compared to other processing alternatives, this configuration requires the least capital investment, being some 80% cheaper than the alternative maximum recovery design plan, and having the lowest operating costs. Tailings with the unrecovered gold will be stockpiled as an asset for later re-treatment.

About the Project

The Barani East Gold Deposit occurs on the Desert Gold's Farabantourou Permit located in Western Mali. The permit falls on the Senegal-Mali Fault Zone ("SMFZ"), 40km south of Sadiola Mine and 50km north of the Loulou-Gounkoto mine complex (Fig. 1). Both these mines are on the SMFZ.

Barani East is the first of 6 prospects with proven gold mineralization expected to be developed by Desert Gold on the permit. The project has been drilled to a depth of 120m with mineralization open to depth in the southern part of the deposit (Fig. 2).

To view Figures 1 and 2 please click on the following link: http://media3.marketwire.com/docs/DAU0602.pdf

The Resource

The company has focused drilling on the Barani East prospect and has completed a maiden mineral resource estimate, which indicates a total of 108,100 oz gold in the indicated and inferred categories with average grades of 2.50 g/t gold at a cut-off value of 1.0 g/t gold. (Table 1). This resource is currently defined to a maximum depth of 120 m below surface over a strike length of 400m. The deposit is tabular, mineralisation varying in thickness from 4.5m to 15m, and dipping to the east between 45 degrees and 60 degrees. The gold mineralisation is associated with quartz hematite rocks and kaolinite veins within siltstone and shale.

-----------------------------------------------------------------
                                              Grade        Ounces
Resource Category              Tonnes      (g/t Au)            Au
-----------------------------------------------------------------
Indicated                     514,000          2.46        40,600
Inferred                      828,000          2.53        67,500
-----------------------------------------------------------------
TOTAL                       1,342,000          2.50       108,100
-----------------------------------------------------------------

At a cut-off grade of 1 g/t
Table 1. Barani East estimated mineral resource (April 2013).

Farabantourou Strategy

Desert Gold's Farabantourou permit strategy is to develop the other 5 known gold prospects to a mineral resource definition stage similar to what has been achieved at Barani East. Funding for drilling on the other 5 prospects will be provided out of mining revenue from a low cost opencast mining operation on Barani East. A feasibility study is being concluded to define the CAPEX and related operational cost associated with a potential mining operation to extract the resource as defined from surface. High grade Au intersections of 9.99g/t over 4m and 8.60g/t over 3.5m at 120m vertical depth show potential for developing an underground resource at Barani East following the exploitation of the open pit resource.

About Desert Gold

Desert Gold Ventures Inc. is an advanced exploration and development company which holds mining assets in Mali and Rwanda.

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.

This announcement has been reviewed by Mr. Mark Austin, Senior Partner of Applied Geology & Mining Pty Ltd, who has more than 30 years of relevant experience in the field of activity concerned. He is a fellow of the Geological Society of South Africa ('GSSA') and is registered as a Professional Natural Scientist with the South African Council for Natural Scientific Professions (No. 400235/06) and he has consented to the inclusion of the material in the form and context in which it appears.

This news release has been prepared on behalf of the board of directors of Desert Gold, which accepts full responsibility for its contents.

Contacts:
Desert Gold Ventures Inc.
Jared W Scharf
CFO
M: (416) 662-3971
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.