Desert Gold Ventures Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Jared W. Scharf
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 9648-128th Street Surrey BC Canada V3T 2X9
- IPO Date
- Jun 4, 2004
- Website
- desertgold.ca
- Similar Companies
- Business
- Desert Gold Ventures Inc. is a gold exploration and development company focused on advancing mineral resource properties in West Africa; it holds the flagship 440 square kilometer Senegal Mali Shear Zone (SMSZ) Project in western Mali featuring multiple gold zones including Barani East, Gourbassi East and West, and others with Measured and Indicated Mineral Resources of 11.12 million tonnes grading 0.94 g/t gold totaling 336,800 ounces and Inferred Mineral Resources of 27.16 million tonnes grading 1.01 g/t gold totaling 879,900 ounces, as well as the 297 square kilometer Tiegba Gold Project in Côte d'Ivoire hosting large undrilled gold-in-soil anomalies. The company conducts extensive exploration activities such as geochemical sampling, geophysical surveys, trenching, geological mapping, prospecting, and over 95,000 meters of drilling to delineate and expand gold targets across its land package situated along the prolific Birimian greenstone belt near tier-one mines like Fekola, Gounkoto, Loulo, and Sadiola. Founded in 2003 and headquartered in Surrey, British Columbia, Canada, Desert Gold operates primarily in Mali and Côte d'Ivoire with excellent infrastructure including paved highway access, proximity to power and water sources, and targets near-term oxide gold production from its SMSZ Project supported by road access and local workforce. In June 2025, the company signed an option agreement with Flower Holdings SARLU to acquire a 90% interest in the Tiegba Project for $450,000 cash and 1.5 million shares over multiple payments, marking its expansion into Côte d'Ivoire as a regional West African player; it launched a US$535,000 Phase 1 exploration program at Tiegba in September 2025 featuring soil sampling, drone aeromagnetic surveys, and air core drilling; and in November 2025, it delivered an updated Preliminary Economic Assessment for the Barani and Gourbassi deposits on the SMSZ Project outlining a 10-year open-pit oxide mining operation processing 432,000 tonnes per annum at steady state with after-tax NPV (10%) of US$61 million and 57% IRR at US$2,850 per ounce gold, while advancing discussions with partners for construction financing at Barani East.
Company News
Desert Gold Provides Barani Mine Construction Update
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 Announces CAD $5 Million LIFE Private Placement
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