Desert Gold Ventures Inc. presented further insights at its Mogoyafara South Gold Deposit in Western Mali, following completion of a ground magnetic survey and geological mapping. In early 2022, Desert Gold carried out a ground magnetic survey over the Mogoyafara South Gold Deposit. This work demonstrated a strong correlation between known gold intercepts and magnetic highs.

From this image, it is obvious that, within the deposit area, there is at least five magnetic high areas that appear to have good potential for the discovery of additional gold mineralization. Following these positive results, after a much larger area was surveyed, the prospective magnetic high target was extended to the north and south. Based on the magnetic data, the magnetically anomalous trend, aligned along what is interpreted as the Senegal Mali Shear Zone or proximal structure, can now be traced for approximately 5,000 metres from an original strike extent of 1,900 metres.

This materially expands the higher priority exploration target area. At the northern end of the anomalous trend, soil samples returned up to 1,252 ppb gold, proximal to the magnetic high target trend. As well, based on mapping and data compilation, a new, 200 metre long, artisanal mining pit was discovered near the western edge of the claim block in a magnetic low area.

This new artisanal zone has never been tested by drilling and is associated with a 1.4 km long gold-in-soil trend with values to 320 ppb gold and prospecting grab samples to 2.26 g/t gold. Additional prospecting samples grading to 6.61 g/t gold, and additional anomalous gold-in soil values were identified to the south of the drilled area and highly anomalous gold-in-soil and gold-in-termite anomalies were noted along a strong magnetic high anomaly in the eastern side of the survey area. These areas show good potential for the discovery of additional gold zones.

A 2022 exploration program consisting of approximately 20,000 metres of drilling will be carried out subject to financing with a general work plan as follows. The tier 1 Mogoyafara South and Gourbassi West North Zones, will be the focus of the 2022 exploration program as these two gold-bearing systems appear to be the largest on the property. Together, these two project areas will account for approximately 70% of the 2022 drill program with the remainder of the 2022 drill budget designed to follow-up on known zones and drill intercepts at 11, tier 2 targets (Linneguekoto West, Manankoto, Kamana, Soa, Kolon, Sorokoto North, Barani East, Frikidi, Gourbassi West, Gourbassi East and Gourbassi Northeast Zones - see figure 3 for zone lcaitons).

The goal of testing these targets is to determine if these zones have potential to develop into tier 1 targets. Untested gold-in-auger anomalies (tier 3 targets) have been prioritized and will be tested with a focus on anomalies >100 ppb gold. Additional auger surveys (tier 4 targets) are planned in the Gourbassi West North, Mogoyafara South and Linnguekoto South areas.