{"id":1135387,"date":"2019-08-29T08:00:43","date_gmt":"2019-08-29T13:00:43","guid":{"rendered":"https:\/\/www.mining.com\/?p=1000546"},"modified":"2019-08-29T08:00:43","modified_gmt":"2019-08-29T13:00:43","slug":"desert-gold-to-acquire-altus-gold-projects-in-mali","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1135387","title":{"rendered":"Desert Gold to acquire Altus\u2019 gold projects in Mali"},"content":{"rendered":"<p>Desert Gold Ventures (TSXV: DAU) entered into an agreement with Altus Strategies (AIM: ALS) (TSX-V: ALTS) to acquire the Sebessounkoto Sud and Djelimangara gold projects in western Mali.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The properties are contiguous to Desert&#8217;s Senegal Mali Shear Zone project so the acquisition would increase the size of the company&#8217;s contiguous land package by 28% to 379.9 square <g class=\"gr_ gr_3 gr-alert gr_spell gr_inline_cards gr_disable_anim_appear ContextualSpelling multiReplace\" id=\"3\" data-gr-id=\"3\">kilometres<\/g>.\u00a0<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Desert plans to follow up on previous drill and trench results, as well as review and drill test, if warranted, the moderate to strong gold-in-soil anomalies observed at the properties\u00a0<\/p>\n<\/blockquote>\n<\/figure>\n<p>&#8220;Furthermore, the addition of the Altus ground doubles Desert Gold&#8217;s holdings along strike and east of the SMSZ, from 17 to 34 kilometres,&#8221; the Canadian miner said in a media statement. &#8220;The SMSZ is related to multi-million-ounce gold mines and deposits owned by Barrick (Loulo, Gounkoto, Massawa), B2Gold (Fekola), Anglogold Ashanti\/Iamgold (Sadiola, Yatela) and Iamgold (Boto, Diahka), that are located along strike, both to the north and south.&#8221;<\/p>\n<p>According to Desert, previous work on the Altus ground discovered five gold mineralized zones with drill intercepts to 1.84 g\/t gold over 30 metres at the Manakoto prospect and trenching returning up to 0.89g\/t gold over 28 metres at the Soa prospect.&nbsp;<\/p>\n<p>Under the initial terms of the agreement, Desert has to make a cash payment of $50,000 and issue 3,000,000 common shares to Altus.<\/p>\n<p>Later on, once a NI 43-101 compliant independent resource over the project is received, further payments are due and their amounts vary according to the resource contained at Sebessounkoto Sud and Djelimangara.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition would increase the size of the company&#8217;s contiguous land package to 379.9 square kilometres.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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