Surrey, British Columbia--(Newsfile Corp. - June 15, 2023) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the "Company") is pleased to announce the appointment of Mr. Doug Engdahl to its board of directors.
Mr. Engdahl is a professional geologist and the President & CEO of Axiom Group. He received his B.Sc. from the University of Saskatchewan in Geological Sciences and a Citation Program in Applied Geostatistics with Clayton Deutsch from the University of Alberta. He is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS) and Engineers & Geoscientists British Columbia.
Mr. Engdahl has over 20 years of experience managing various companies with over 15 years of geological experience in both junior and major exploration and mining sectors across North America and in Africa. His extensive mineral exploration experience has been focused on data compilation and interpretation, drill target generation and drill program management, as well as resource and mine modeling with focus on structural geology and resource calculations. He is also a certified practicing member of the Saskatchewan Mine Rescue program. Outside of the geological world he has 7 years as a Gold Seal Volunteer Firefighter and First Responder with the Warman Fire Department.
Desert Gold's CEO, Jared Scharf, commented, "We are delighted to welcome Mr. Engdahl to our board as an independent director. Doug's technical background, work history in Africa and considerable capital markets experience are welcome additions to our board's existing skillset and composition. I look forward to working alongside Mr. Engdahl to advance the development of our Senegal Mali Shear Zone Project."
In connection with his appointment and pursuant to the Company's stock option plan, Desert Gold issued 600,000 incentive stock options to Mr. Engdahl exercisable at CAD $0.07 and carry a 5 year term from the date of issuance.
On Behalf of the Board
President & CEO
About Desert Gold Ventures Inc.
Desert Gold Ventures Inc. is a gold exploration and development company which controls the 440 km2 SMSZ Project in Western Mali containing 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. For further information please visit www.SEDAR.com under the company's profile. Website: www.desertgold.ca
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Jared Scharf, President, CEO and Director
This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements, including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.
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