Welcome to our dedicated page for Desert Gold Ventures news (Ticker: DAUGF), a resource for investors and traders seeking the latest updates and insights on Desert Gold Ventures stock.
Desert Gold Ventures Inc. (DAUGF) is a gold exploration company focused on advancing its flagship SMSZ Project in Western Mali through systematic drilling programs and detailed resource assessments. This news hub provides investors and industry observers with centralized access to official company announcements and operational updates.
Our curated collection of DAUGF news ensures stakeholders can efficiently track exploration progress, financial developments, and strategic initiatives. The resource combines press releases, regulatory filings, and project-specific updates to offer a complete picture of corporate activities.
Key coverage areas include drilling results, mineral resource estimates, financial reporting, and partnership announcements. All content undergoes verification to maintain accuracy and compliance with mining disclosure standards.
Bookmark this page for direct access to Desert Gold Ventures' verified communications. Combine regular monitoring with independent research to inform your analysis of this active gold exploration company.
Desert Gold Ventures has completed a non-brokered private placement, raising CAD $941,920 through the issuance of 13,456,000 units at CAD $0.07 per unit. This, combined with a prior financing round, brings the total funds raised to CAD $2,061,440. Each unit includes one common share and one share purchase warrant, allowing the purchase of an additional share at CAD $0.08 for three years. The funds will be used for drilling projects at the Mogoyafara South Deposit and the southeast extension of the Barani East Deposit, as well as four nearby exploration targets.
Desert Gold Ventures has initiated the second phase of its 2024 exploration drilling program at the SMSZ Project in Mali. The program will cover 3,750 meters and target extensions to known gold zones at Mogoyafara South, Barani East, and other areas. The company aims to identify new gold zones and extend existing ones. CEO Jared Scharf is optimistic about discovering additional gold resources. The project includes testing high-priority gold-in-auger anomaly areas and conducting a Preliminary Economic Assessment (PEA) study on the oxide gold resources at Barani East and Gourbassi West. Key technical updates include details on mineral resources and gold recovery rates at various deposits.
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