Company Profiles

Desert Gold

TSXV:DAU

Gold Exploration in Mali

Press Releases

Overview

Desert Gold Ventures Inc. (TSXV:DAU, OTC:DAUGF, FKFT:QXR2.F) is a gold exploration company focused on developing its high-grade gold properties along or near the Senegal Mali Fault Zone (SMFZ) in Western Mali. Known for having an extensive history of gold mining, Mali is the third largest gold producer in Africa and is also renowned for its low cost of mining.

The SMFZ is a structural event that hosts a number of gold discoveries including Rangold Resources’ Loulo and Gounkoto mines with a collective 14.2 million ounces of gold, Endeavour Mining’s (TSX:EDV) Tabakoto and Segala mines with 3.3 million ounces and IAMGOLD’s (TSX:IMG) and AngloGold Ashanti’s (NYSE:AU) Sadiola and Yatela Mines with 11.6 million ounces collectively. In 2015, revenue in the region amounted to approximately US$1.2 billion.

Company Highlights

  • Three projects in stable mining jurisdiction with 1,000 years of gold-mining history and recognized for low-cost of mining
  • Projects located on or near SMFZ, host to some of the world’s largest producing gold mines in the world
  • Exploring further acquisition opportunities on the SMFZ
  • Management team with noted experience in the region holds 25 percent of shares with insiders
  • Mali-based strategic shareholders provide access to local knowledge and relationships
Get access to more exclusive Gold Stock profiles here.
The Conversation (0)
×