Desert Gold Ventures Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jared W. Scharf
- Full Time Employees
- 11
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 9648-128th Street Surrey BC Canada V3T 2X9
- IPO Date
- Nov 23, 2011
- Website
- desertgold.ca
- Similar Companies
- Business
- Desert Gold Ventures Inc. engages in the acquisition, exploration, and development of gold mineral resource properties primarily in West Africa. The company holds the flagship 440 square kilometer Senegal Mali Shear Zone (SMSZ) Project in western Mali along the prolific Birimian greenstone belt, hosting Measured and Indicated Mineral Resources of 8.47 million tonnes grading 1.14 g/t gold totaling 310,300 ounces and Inferred Mineral Resources of 20.7 million tonnes grading 1.16 g/t gold totaling 769,200 ounces; the project encompasses multiple deposits and exploration targets including Barani East, Gourbassi East and West, Farabantourou, Farikounda, Sebessounkoto Sud, Djelimangara, Linguekoto, Harmattan/Sola West, Kolomba, Keniebandi-Est, and Kousilli West, with over 95,000 meters of drilling completed across high-grade gold zones. It also controls the 297 square kilometer Tiegba gold project in Côte d’Ivoire’s western gold corridor featuring large undrilled gold-in-soil anomalies; the Anumso project in Ghana’s Ashanti Belt; and the Rutare gold project in central Rwanda. Operations target oxide gold production through open-pit mining, supported by excellent infrastructure such as paved highway access, proximity to power and water, and established mining frameworks in low-cost jurisdictions near tier-one mines like Fekola, Gounkoto, Loulo, Sadiola, and Yatela. Founded in 2003 and headquartered in Surrey, British Columbia, Canada, the company recently completed a maiden Preliminary Economic Assessment (PEA) in 2025 for the Barani and Gourbassi oxide deposits outlining low-capex production of 220,000 tonnes per annum over 10 years targeting 130,700 ounces of gold with initial capital of $20.4 million and a 2.1-year payback; entered an option agreement in June 2025 with Flower Holdings SARLU to acquire a 90% interest in the Tiegba project; announced advanced funding discussions in November 2025 to commence mine construction as soon as possible; appointed Diallo Cheick Ousmane as Vice President of Exploration in December 2024; released results from a Q2 2024 drill program totaling 3,892 meters; and implemented warrant exercise incentive programs in 2024 to strengthen its capital position.
Desert Gold Ventures Inc. Announces the Adoption of Semi-Annual Reporting
Desert Gold Advances Barani Gravity Plant Installation and Confirms July 19th, 2026 Commissioning Target at SMSZ Project, Western Mali
Desert Gold Commences 4,250 Meter RC Drill Program at Key SMSZ Project Targets
Desert Gold Updates Financing
Desert Gold Provides Update on Barani East Gold Project Site Development Activities
Desert Gold Closes Fully Subscribed LIFE Offering for Gross Proceeds of C$7,181,800
Desert Gold Upsizes Fully Subscribed LIFE Offering to C$7,230,000
Desert Gold Delivers PEA Update for SMSZ Project with USD $61 Million After-Tax NPV (10%) and 57% IRR at USD $2,850/oz Gold for Barani and Gourbassi Deposits in West Mali
Desert Gold Outlines Phase 1 Exploration Plans at its Tiegba Gold Project in Ivory Coast
Desert Gold Delivers Positive PEA for SMSZ Project with USD $24M After-Tax NPV (10%) and 34% IRR at USD $2,500/oz Gold for Barani and Gourbassi Deposits in Mali
Desert Gold Signs Option Agreement on 297 Square Kilometre Tiegba Gold Project in Ivory Coast
Desert Gold Announces Newly Found Drill Data Provides Exploration and Resource Expansion Opportunities at SMSZ Project
Desert Gold Trench and Prospecting Results Showcase Opportunities for Resource Expansion
Desert Gold Appoints Diallo Cheick Ousmane to VP Exploration, West Africa
Desert Gold Report Results from 3,900 Meter Phase 2 Exploration Drill Program, SMSZ Project, Mali
Desert Gold Receives CAD $1,258,286 in Proceeds from Warrant Incentive Program
Desert Gold Provides Update for Early Warrant Exercise Incentive Program
Desert Gold Announces Early Warrant Exercise Incentive Program
Desert Gold Preliminary Economic Assessment ("PEA") Progress Update for SMSZ Project in West Mali, Africa
Desert Gold Grants Incentive Stock Options