Desert Gold is exploring for the next major gold deposit with mineral rich Mali with its’ strategic local partner. They plan to drill their gold projects which border operating mines in Mali. Desert Gold.
Sodinaf International SA (“Sodinaf”) subscribed for 2,760,800 units representing the majority of the placement. Sodinaf is a West African gold mining company that owns a 55% interest in the Kodieran Mine in Southern Mali as well as a substantial gold exploration portfolio in Western Mali and Ivory Coast. The Kodieran gold mine is situated approximately 300 kilometers southeast of Bamako, the capital of Mali. The mine and associated mining lease is operated by Wassoul Or SA a private joint-venture company where Sodinaf is the majority shareholder at 55%. The Kodieran mining license and regional land package is situated on the West African Birimian greenstone belt; one of the most prolific belts in Western Africa where approximately 52 million ounces of gold resources have been discovered to date. The Kodieran mine is an open pit mining operation using a gravity plant that operates at a capacity of 11,000 tons per day.
Desert Gold and Sodinaf will form a strategic partnership to develop Desert Gold’s exploration licenses in Western Mali. The two companies will combine operational and financial resources to undertake exploration programs this year at all three of the Company’s properties in Western Mali.
To this aim, the Company is pleased to announce the appointment of Mr. Salif Keita to the position of Vice President of Operations for West Africa. Mr. Keita is a senior geologist with over 14 years of experience in exploration and mining production. The majority of Mr. Keita’s regional experience is in the Birimian Green Stone Belt in West Africa where he held senior positions with Anglo Gold Ashanti, Gold Fields and Great Quest Metals. Mr. Keita holds a B.Sc. Geology (Honors) from the National School of Engineering, Bamako, Mali. Mr. Keita will work with Desert Gold’s technical directors to oversee the Company’s exploration efforts in Western Mali.
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