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Desert Gold Ventures reports on gold exploration and development activities in West Africa, with company updates centered on the SMSZ Gold Project in western Mali and the Tiegba gold project in Ivory Coast. News commonly covers Preliminary Economic Assessments for the Barani and Gourbassi deposits, Barani East site preparation, gravity processing plant infrastructure, and exploration work involving mapping, geochemistry, aeromagnetic surveys, drilling data, and mineral-resource expansion opportunities.
The company’s releases also address project ownership, option agreements, shareholder voting matters, capital-structure disclosure, governance matters, and operating and financial results tied to its public-company status on the OTCQB, TSX Venture Exchange, and Frankfurt market.
Desert Gold Ventures (DAUGF) reports that a 200‑tonne‑per‑day gravity processing plant and 650 kVA generator have been delivered to the Barani site at its SMSZ Project in Mali, with site access upgrades completed.
Civil construction, plant erection, and mechanical and electrical installation are advancing, with commissioning planned through late October 2026, ramp‑up and initial processing in November 2026, and initial gold recovery targeted for the fourth quarter of 2026, subject to successful construction, commissioning and ramp‑up. Borehole drilling has confirmed water on site, though the final hydrogeological report is pending. No project‑specific security, safety or community incidents have been reported in 2026. The company notes that Barani has no established Mineral Reserves and the plant has not been supported by a feasibility study, increasing economic and technical risk.
Desert Gold Ventures (OTC: DAUGF) has elected to participate in the semi-annual reporting pilot program under Coordinated Blanket Order 51-933. The company will move from quarterly to semi-annual financial reporting to reduce administrative and financial burdens while maintaining required annual and six-month filings.
Desert Gold (OTCQB: DAUGF) reports Barani East site works advancing with ~52,000 m² cleared, survey control established and initial foundation excavation underway. A 200 t/d gravity plant (with 650 kVA generator and six-month spare parts) passed technical acceptance in China and six containers shipped; Dakar arrival expected mid-June and site delivery late June 2026, with commissioning targeted for 19 July 2026. A geophysical program identified 13 priority borehole targets and first borehole shows favourable hydrogeology at 60–90 m. The November 2025 PEA cited an after-tax NPV (10%) US$61M and IRR 57%. The company warns of execution and economic uncertainty prior to mineral reserve definition.
Desert Gold (OTCQB: DAUGF) has started a Phase 1 4,250 metre RC drill program across five SMSZ Project targets (Koussili, GWN, Mogoyafara South, Kolon-Soa, Barani Gap) aimed at testing strike, depth and near-mine resource extensions. The program targets existing Indicated/Inferred resources and areas with limited prior drilling and will finish in H1 2026.
Desert Gold (OTCQB: DAUGF) provided a site development update for the fully permitted Barani East gold project in western Mali on February 11, 2026. The company is performing civil works, water infrastructure, site utilities and camp upgrades while procuring a modular gravity processing plant.
The initial plant targets ~10 tonnes/hour throughput with modular expansion potential to ~50 t/h. Metallurgical test work in the PEA indicates ~68% gravity recovery and conceptual gravity+CIL recoveries up to ~92% under lab conditions.
Desert Gold (OTCQB: DAUGF) released an updated PEA for the SMSZ Project (Barani & Gourbassi) on November 25, 2025. The study models a 10-year open-pit oxide operation with average throughput of 36 ktpm and total contained gold of 130,700 oz, yielding ~113,100 oz recoverable at 87% recovery. At a base price of USD $2,850/oz the after-tax NPV(10%) is $61M and IRR 57% (payback 2.5 years); at the spot price $4,070/oz NPV(10%) is $124M and IRR 101%. Initial capex is ~$20.4M and LOM capex ~$36.5M; AISC is $1,137/oz. The PEA is preliminary and includes inferred resources.
Desert Gold Ventures (OTCQB: DAUGF) has announced its Phase 1 exploration plans for the newly acquired 297km² Tiegba gold project in Ivory Coast. The project, situated along the Tehini Shear Zone, features over 10 kilometers of prospective NE-trending shear corridors in a region hosting more than 7 million ounces of known gold endowment.
The exploration program, budgeted at $535,000 USD, will be executed in two phases during Q4 2025-Q2 2026. Phase 1a includes 3,500 soil samples, geological mapping, and rock sampling. Phase 1b comprises a 164 line-kilometer UAV magnetic survey and 3,500m of Aircore drilling. The company plans to follow up with 2,500 meters of reverse circulation drilling in Q2/Q3 2026 to test continuity at depth.
Desert Gold (OTCQB: DAUGF) has announced positive results from its maiden Preliminary Economic Assessment (PEA) for its 100%-owned SMSZ Gold Project in Mali. The PEA outlines a low-capex, open-pit oxide mining operation with a 17.4-year mine life.
Key financial metrics at $2,500/oz gold price include an after-tax NPV (10%) of $24M, IRR of 34%, and payback period of 3.25 years. The project requires $16M in funding, with initial capital costs of $15M and sustaining capital of $9M. The operation will produce an average of 5,500 ounces of gold annually with an All-In Sustaining Cost (AISC) of $1,352/oz.
The project employs a modular, two-phase approach, starting at Barani East before transitioning to Gourbassi deposits, with a projected total gold production of 97,600 ounces over the mine life.
Desert Gold Ventures (DAUGF) has discovered historic drill data for 49 holes near the Mogoyafara South Deposit and 29 holes near the Linnguekoto West Deposit. These zones currently contain Inferred Mineral Resources of 479,000 ounces of gold grading 1.09 g/t gold.
Key findings at Mogoyafara South include significant intercepts such as 1.58 g/t gold over 33 metres and 0.83 g/t gold over 42 metres. At Linnguekoto West, notable results include 3.4 g/t gold over 12 metres. The new data validates and potentially expands the existing resource model, with drilling extending mineralization by 400-450 metres north and south at Mogoyafara.
Management believes this data could support a small increase in mineral resources and indicates strong potential for further resource expansion through additional drilling. The company is currently advancing a PEA for oxide and transition mineral resources at the Barani East and Gourbassi West Deposits.