Desert Gold Enters Into a Joint Venture Agreement with Toro Gold Ltd for the Exploration of the Souroundou (Senegal) Project
Published : June 05, 2013
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Capital Markets | Gold | Mali | Market | Senegal |

TORONTO, ONTARIO--(Marketwired - June 5, 2013) - Desert Gold Ventures Inc. (News - Market indicators) (the "Company") is pleased to announce that it has entered into a Joint Venture Agreement with Toro Gold Ltd ("Toro Gold"), a private gold exploration company with a number of permits in Senegal, for the development of the Desert Gold Souroundou Permit (the "Project") in Eastern Senegal.

In terms of the agreement, Toro Gold will earn increasing equity participation in accordance with exploration work conducted.

Following the signature of the agreement and the satisfactory conclusion of certain conditions precedent, Toro Gold will pay Desert Gold USD $100,000 and by spending a further USD $5,250,000 over several project phases, can increase its equity interest in the permit to 75%.

About the Souroundou Permit

The Souroundou permit lies in the Kedougou District of Senegal, approximately 130km north of the city of Kedougou. The permit covers an area of 22,439 ha. The eastern boundary lies on the international boundary with Mali. The Falémé River cuts through the permit.

Roeland van Kerckhoven, CEO of Desert Gold, on the partnership:

"We are very pleased to have entered into a partnership with Toro Gold, a gold exploration company with several projects in Senegal. The agreement is a further step towards realizing the company's intention to focus its exploration activities on its Malian and Rwandan assets."

About Desert Gold

Desert Gold Ventures Inc. is an advanced exploration and development company that holds mining assets in Mali, Rwanda, Senegal.

To learn more, visit our website at: www.desertgold.ca

This press release includes certain "forward-looking statements". All statements regarding the ability of the Company to successfully complete the Proposed Transaction and the Financing, to successfully integrate the businesses of Desert Gold and TransAfrika and to delineate new resources in proposed drilling programs are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, are "forward-looking statements". We caution you that such "forward looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include the inability of the Company to close the Proposed Transaction and the Financing due to the state of the capital markets and other risk factors as discussed in the Company's filings with Canadian securities regulatory agencies. The Company expressly disclaims any obligation to update any forward-looking statements except as may be required by law.

For further information concerning Desert Gold and the TransAfrika material properties, please refer to Desert Gold's SEDAR profile at www.sedar.com.



Desert Gold Ventures Inc.
Roeland van Kerckhoven
President and CEO
1 (604) 566-9240
1 (604) 408-9301 (FAX)
roelandvk@desertgold.ca
or
Desert Gold Ventures Inc.
Jared Scharf
CFO
1 (416) 662-3971
1 (604) 408-9301 (FAX)
jared.scharf@desertgold.ca
www.desertgold.ca
Data and Statistics for these countries : Mali | Senegal | All
Gold and Silver Prices for these countries : Mali | Senegal | All

Desert Gold Ventures Inc.

EXPLORATION STAGE
CODE : DAU.V
ISIN : CA25039N3094
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Desert Gold Ventures is a gold exploration company based in Canada.

Desert Gold Ventures holds various exploration projects in USA.

Its main exploration property is GOLDBANKS - KINROSS in USA.

Desert Gold Ventures is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.3 millions as of today (US$ 1.1 millions, € 922 227).

Its stock quote reached its highest recent level on October 15, 2010 at CA$ 1.48, and its lowest recent point on September 15, 2023 at CA$ 0.03.

Desert Gold Ventures has 18 810 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Desert Gold Ventures Inc.
2007 Annual Report
Financials of Desert Gold Ventures Inc.
7/5/2011EARLY ADOPTS INTERNATIONAL FINANCIAL REPORTING STANDARDS
Project news of Desert Gold Ventures Inc.
2/2/2009(Goldbanks - Kinross)INITIAL MAIN ZONE DRILLING PROGRAM COMPLETED
1/21/2009(Goldbanks - Kinross)INITIAL KW ZONE DRILLING RESULTS
12/17/2008SUCCESSFULLY TRACES KEY HIGH GRADE FAULT ZONE FOR 1800 FEET ...
Corporate news of Desert Gold Ventures Inc.
10/1/2015Interim Results
9/29/2015Robust Economics for Joint Venture Project
3/9/2015Operation agreement with Desert Gold Inc.
11/27/2014Desert Gold Ventures Inc. Amends Terms of $500,000 Private P...
11/25/2014Desert Gold Ventures Inc. Renewal of Mali Mining Permits
11/14/2014Desert Gold Ventures Inc. Announces $500,000 Private Placeme...
9/17/2014Desert Gold Ventures Inc. Announces Results of Preliminary E...
6/3/2014Desert Gold Ventures Reports the Mapping of a 24 km2 Anomalo...
6/2/2014Desert Gold Ventures Commences a Mining Feasibility Study on...
7/22/2013Sampling Program on Its Djimbala Project, Mali Uncovers High...
6/17/2013Reports Gold Recoveries in Excess of 90% from Metallurgical ...
6/5/2013Enters Into a Joint Venture Agreement with Toro Gold Ltd for...
4/23/2013Drilling on the First of Six Gold Hosting Mineralised Zones ...
2/4/2013Mali Operations Ongoing and Unaffected by Conflict in the No...
1/15/2013Mali Exploration Program Delivers Excellent Grades; Update o...
10/15/2012Receives Notice of Exercise of Pre-Emptive Right From Kinros...
6/22/2011to Acquire TransAfrika Belgique S.A.
6/5/2009small shareholder program
12/1/2008EARNS 50% INTEREST IN GOLDBANKS PROPERTY
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (DAU.V)Other OTC (DAUFF)
0.070-12.50%0.160+0.00%
TSX-V
CA$ 0.070
04/17 16:39 -0.010
-12.5%
Prev close Open
0.080 0.080
Low High
0.070 0.080
Year l/h YTD var.
0.040 -  0.095 75.00%
52 week l/h 52 week var.
0.030 -  0.095 27.27%
Volume 1 month var.
343,000 -%
24hGold TrendPower© : -10
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 7/2/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202455.56%
2023-25.00%0.080.03
2022-50.00%0.160.05
2021-35.14%0.230.11
202054.17%0.350.05
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.82+1.69%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.04+1.38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54-2.53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.52+6.78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.05+2.62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+2.13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19-7.32%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.43-0.46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :