April 03, 2007
Drilling To Test A Large Coincident Gold Soil And Rock Anomaly Goldbanks Project - Nevada
Vancouver, B.C. -- Desert Gold Ventures Inc. ("Desert Gold" or the "Company") is pleased to announce the commencement of its drilling program on the Goldbanks Property in Nevada. Goldbanks is a joint venture between Desert Gold and Kinross Gold Corporation (TSX Symbol: K, NYSE Symbol: KGC).
The 2,000 meter reverse circulation drilling program, which will commence immediately, will test a new target area that has been outlined by a large gold and trace metal anomaly that has been defined by both soil and rock sampling. The target is located approximately 4500 feet west of the KW Zone, the most northern of the Goldbanks deposits and is thought to be the northern near surface extension of the Goldbanks gold system.
Recent soil and rock geochemical sampling conducted by Desert Gold has identified two large surface gold anomalies, the North and the KW West anomalies, which will be the focus of the drilling program. The North soil anomaly defines an area containing >30 ppb Au over an area greater than 3000' long (NNE-SSW) by up to 1400' wide with many individual soil samples of >75 ppb Au (up to 158 ppb Au). Rock geochemical sampling within the anomaly confirmed these highly anomalous gold values with numerous samples containing >1 ppm Au and two samples >9 ppm Au (high of 10.55 ppm Au or 0.31oz/ton). The anomaly has yet to be completely defined.
The KW West anomaly is an extension of a known soil anomaly (>30 ppb Au) and together they cover an area of ~1400' x ~2000'. The KW West anomaly also contains highly anomalous gold in soils of up to 318 ppb and many samples containing greater than 75 ppb Au and numerous rock samples containing >1 ppm Au up to 3.4 ppm Au. ALS Chemex Ltd. of Vancouver analyzed the samples.
Additional drilling is planned in the North soil anomaly once permitting has been completed. There are also several areas in the Squaw Butte, Cube and KW Zones that will be drilled at depth to evaluate the higher grade feeder system identified by previous drilling once a detailed compilation of this drilling has been completed.
The drilling program will commence immediately and exploration work is being conducted under the supervision of the Company's Qualified Person, Jim Miller-Tait, P.Geo. Under the terms of the Option Agreement with Kinross Gold Corporation, the Company is required to spend $5 million US before December 31, 2008.
On Behalf of the Board of Directors,
"Eugene Beukman"
Eugene Beukman, President
For further information on Desert Gold Ventures Inc. please visit our website at: www.desertgold.ca
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
You can view the Previous News Releases item: Mon Feb 5, 2007, Corporate Update
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Drilling To Test A Large Coincident Gold Soil And Rock Anomaly Goldbanks Project - Nevada
Vancouver, B.C. -- Desert Gold Ventures Inc. ("Desert Gold" or the "Company") is pleased to announce the commencement of its drilling program on the Goldbanks Property in Nevada. Goldbanks is a joint venture between Desert Gold and Kinross Gold Corporation (TSX Symbol: K, NYSE Symbol: KGC).
The 2,000 meter reverse circulation drilling program, which will commence immediately, will test a new target area that has been outlined by a large gold and trace metal anomaly that has been defined by both soil and rock sampling. The target is located approximately 4500 feet west of the KW Zone, the most northern of the Goldbanks deposits and is thought to be the northern near surface extension of the Goldbanks gold system.
Recent soil and rock geochemical sampling conducted by Desert Gold has identified two large surface gold anomalies, the North and the KW West anomalies, which will be the focus of the drilling program. The North soil anomaly defines an area containing >30 ppb Au over an area greater than 3000' long (NNE-SSW) by up to 1400' wide with many individual soil samples of >75 ppb Au (up to 158 ppb Au). Rock geochemical sampling within the anomaly confirmed these highly anomalous gold values with numerous samples containing >1 ppm Au and two samples >9 ppm Au (high of 10.55 ppm Au or 0.31oz/ton). The anomaly has yet to be completely defined.
The KW West anomaly is an extension of a known soil anomaly (>30 ppb Au) and together they cover an area of ~1400' x ~2000'. The KW West anomaly also contains highly anomalous gold in soils of up to 318 ppb and many samples containing greater than 75 ppb Au and numerous rock samples containing >1 ppm Au up to 3.4 ppm Au. ALS Chemex Ltd. of Vancouver analyzed the samples.
Additional drilling is planned in the North soil anomaly once permitting has been completed. There are also several areas in the Squaw Butte, Cube and KW Zones that will be drilled at depth to evaluate the higher grade feeder system identified by previous drilling once a detailed compilation of this drilling has been completed.
The drilling program will commence immediately and exploration work is being conducted under the supervision of the Company's Qualified Person, Jim Miller-Tait, P.Geo. Under the terms of the Option Agreement with Kinross Gold Corporation, the Company is required to spend $5 million US before December 31, 2008.
On Behalf of the Board of Directors,
"Eugene Beukman"
Eugene Beukman, President
For further information on Desert Gold Ventures Inc. please visit our website at: www.desertgold.ca
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
You can view the Previous News Releases item: Mon Feb 5, 2007, Corporate Update
You can return to the main News Releases page, or press the Back button on your browser
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