Desert Gold Venutres

Primary ticker: TSXV:DAU, OTCQB: DAUGF, Frankfurt: QXR2
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: SMSZ Project
Project location: Mali
Website: www.desertgold.ca

Desert Gold is a regional West African gold exploration company. Its flagship 440 km2 SMSZ Project in Western Mali is the largest contiguous land package of any junior explorer in the region. The Company expects to complete a Preliminary Economic study in Q1, 2025 that focusses on the Property’s heap leachable oxide gold resources. The goal would be to commence gold production and use cash flow to further advance the Project. With 25+ gold zones confirmed by drilling on the property to date, the company’s primary objective is to increase its maiden resource to a multi-million oz Au upper tier gold project. 10,000 meters of drilling is proposed to be drilled in 2025. The Company’s maiden resource comprises Measured and Indicated resources of 310,300 ounces grading 1.14 g/t gold and Inferred mineral resources of 769,200 ounces grading 1.16 g/t gold.

Cash: CAD500,000
Debt: /

Major shareholders:
Management and Board – 10%
Merk Investments – 7%
Grand Peak Capital – 5%
Leede Jones Gable – 4%
Ross Beaty – 3%

Financials

Management Profile

Don Dudek, Director & Lead Technical Director

Mr. Dudek brings over 40 years of experience in various roles with junior to senior exploration and mining companies. He recently served as President and CEO of Savary Gold Corp., which was sold to Semafo Inc. in April 2019. He also served as Senior V.P. of Technical Services for Endeavour Mining Corporation while managing a feasibility study for the Hounde Gold Project in Burkina Faso. Previously, he served as Senior VP Exploration of Avion Gold Corporation, a successful junior gold producer and explorer in Western Mali. He holds a B.Sc. Geology (Honors) from the University of Saskatchewan.

What is your rationale for taking part in 121 Mining Investment?

– Looking to expanded capital markets network
– Targeting strategic and institutional investors
– Preliminary economic study in progress to test mining of at surface oxide mineralization at 3 of the 6 gold deposits. Goal would be to initiate mining and cash flow sooner vs later
– Property-wide exploration expected to continue to further increase gold resources
– >10,000 metres of drilling proposed for 2025 season.

What recent news would you like to highlight to investors attending?

March 14, 2024 – Desert Gold Completes Metallurgical and Geotechnical Drill Program in Support of Preliminary Economic Study (“PEA”)

February 1, 2024 – Desert Gold Commences Preliminary Economic Assessment of Oxide Gold Resources on its Barani East and Gourbassi West Deposits, SMSZ Project, Mali

June 30, 2022 – Desert Gold’s GWN Zone Returns More Positive Drill Intercepts Including 1.91 g/t Gold over 32*metres with up to 5 lenses of Gold Mineralization Defined Along a Strike Length of 1.6 km to a Depth of 175 metres
The GWN Zone remains Open to Depth and along Strike to the South

June 2, 2022 – Core Hole at Desert Gold’s SMSZ Project Returns 1.08 g/t Gold Over 124 Metres* including 1.85 g/t Gold Over 41.1 Metres* Extending Mineralization to 175 Metres Depth

January 17, 2022 – Desert Gold Reports Measured and Indicated Mineral Resources of 310,300 ounces of Gold and Inferred Mineral Resources of 769,200 ounces of Gold at SMSZ Project, West Mali

September 2, 2021 – Kolomba License acquisition

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

– Complete PEA for mining at surface oxide gold resources
– Initiate another phase of exploration drilling

6 Months:

– Complete >10,000 metres of drilling at SMSZ Tier 1 targets project with emphasis on resource expansion
– Advance studies for mining of oxide gold resources

12 Months:

– Complete 2025 drill program by July 2025
– Initiate mine construction assuming the technical studies demonstrate the feasibility of mining the oxide gold resources
– Release drill results from 2025 program
– Update 43-101 MRE in Q4 2025 if warranted

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

– mainly going concern risk
– broader market risk
– perception of operating in Mali

What do you think makes your company such a compelling investment?

– Expect that mining of the oxide gold resources is feasible and economic in the short term

– Largest contiguous land package of any junior explorer in Birimian Greenstone Belt (tier one mining jurisdiction)

– Contiguous to Allied Gold and Endeavour Mining. Along trend with Barrick and B2Gold

– Flagship SMSZ Project controls 43km of Senegal Mali Shear Zone which is related to >20M oz Au reserves and production

– Project already contains 27+ golds zones, all open with potential for aggressive expansion and 1.1 million oz Au of combined gold resources

What are the top 3 key investor takeaways?

* Short term goal – produce gold; long term goal – double gold resources to> 2 million ounces
* Gold production preliminary economic assessment in progress.
* Project between two 10 million ounce deposits that are in production
* Large, 440 sq km underexplored property with 25+ gold zones to follow up, some with only one drill hole