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As of 10:57 AM 08/11/14 All times are local (Market data is delayed by at least 15 minutes).

desert gold ventures inc (DAU) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
11/27/13 - C$0.10
52 Week Low
08/11/14 - C$0.06
Market Cap
2.6M
Average Volume 10 Days
0.0
EPS TTM
C$-0.04
Shares Outstanding
44.1M
EX-Date
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Current Stock Chart for DESERT GOLD VENTURES INC (DAU)

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desert gold ventures inc (DAU) Details

Desert Gold Ventures Inc. engages in the mining, acquisition, exploration, and development of mineral resource properties. The company primarily explores for gold ores. It holds interests in six prospecting permits located in Senegal, Mali, and Rwanda in Africa. The company is based in Vancouver, Canada.

desert gold ventures inc (DAU) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$123.6K
Chief Financial Officer and Secretary
Total Annual Compensation: C$96.0K
Compensation as of Fiscal Year 2013.

desert gold ventures inc (DAU) Key Developments

Desert Gold Ventures Inc. Announces Results from Soil Geochemical Surveys on the Segala Ouest Tenement

Desert Gold Ventures Inc. announced results from soil geochemical surveys on the Segala Ouest tenement, which has now been completely covered by soil geochemistry. The results delineate a very large anomalous zone covering an area approximately 24 km2 in extent, with high assay values noted. The Segala Ouest prospect is situated in the middle of the gold mining district of Kenieba about 20 km NW of the town of Kenieba. Endeavour's Segala mine abuts the eastern boundary of the exploration permit and their Tabakoto mine is approximately 5 km away to the southeast. Some 15 km to the northwest are Randgold's Loulo-Gounkoto mine complex. The recently conducted soil geochemical survey, in which 2342 soil samples were collected by GeoActiv Pty Ltd. (a South African geological contracting and consulting company) and analysed by the ALS Chemex SA PTY Ltd. laboratory in South Africa, completes a blanket geochemical analysis of the exploration permit. The results delineate an 8 km long and 3 km wide corridor traversing the tenement in a northwesterly direction. The soil sample database comprises 6032 lognormally distributed Au Values with thresholds of 669 ppb, 204 ppb and 20 ppb, for the respective 1, 5 and 50 percentiles. There are significant artisanal mining activities focused in two areas: on the NW strike extension of Endeavour's Segala mine and in the southeastern part of the tenement nearby the village of Baroya. These mining sites target mineralised vein systems within the metasediment host rocks. Grab samples of the material being mined within the property were collected and assayed.

Desert Gold Ventures Inc. Commences Mining Feasibility Study on Barani East Project in Western Mali

Desert Gold Ventures Inc. recorded extensive metallurgical test work conducted on bulk mining samples from the recently drilled and sampled Barani East Gold Deposit indicates gold recoveries up to 85%. The company is currently engaged in a feasibility study to support fundraising for the development of a mine on the deposit. A two ton bulk sample of ore collected from the Barani east prospect was submitted to Peacocke Simpson & Associates (Pty) Ltd.'s minerals processing laboratory in Harare, Zimbabwe for bulk metallurgical work. The company has commissioned an engineering design team from Appropriate Process Technologies (Pty) Ltd. (Johannesburg, South Africa) for plant design. The latest tests indicate that a low capital cost plant comprising a wash and screen (2 mm) circuit, with minor crushing, feeding to a Knelson gravity concentrator will recover 40.3% of the gold. The tailings from the Knelson concentrator were fed to a Knelson continuous variable discharge concentrator (CVD) from which concentrates with a mass yield of approximately 11% were subjected to a cyanide leach, which resulted in an additional 25% of the gold to be recovered. Although this process, in aggregate, generates a lower recovery of the gold (65%) compared to other processing alternatives, this configuration requires the least capital investment, being some 80% cheaper than the alternative maximum recovery design plan, and having the lowest operating costs. Tailings with the unrecovered gold will be stockpiled as an asset for later re-treatment.

Desert Gold Ventures Inc., Annual General Meeting, Jun 26, 2014

Desert Gold Ventures Inc., Annual General Meeting, Jun 26, 2014., at 09:30 Pacific Standard Time. Location: Suite 200 ­ 8338 120th Street. Agenda: To receive the audited financial statements of the company for the year ended December 31, 2013 and the report of the auditor on those statements; to fix the number of directors for the ensuing year at four; to elect directors for the ensuing year; to appoint the auditor for the company for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditor; to consider and, if deemed advisable, pass a resolution approving the stock option plan, subject to the approval of the TSX Venture Exchange; and to transact such other business as may properly come before the meeting or any adjournments thereof.

 

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