Desert Gold Ventures President & CEO Jared Scharf

The Market Online speaks with Desert Gold Ventures President & CEO Jared Scharf, as Desert Gold Signs Option Agreement on 297km2 Tiegba Gold Project.

Transcript

00:00Welcome back to The Watchlist. I'm Lindsay Melchak. Desert Gold has officially signed an

00:10options agreement on their Tiagba Gold project. What does that all mean for your portfolio? Well,

00:15here to bring it all to the surface is President and CEO himself, Jared Scarfe.

00:20Hello, hello, Jared. It's been a hot minute. Welcome back.

00:24Hi, Lindsay. Thanks for having me. Good to be back.

00:27Well, huge congratulations right out of the gate on your news. So why don't we actually just start

00:33there? I mean, you've just signed an options agreement with Flower Holdings to acquire,

00:38what is it, 90% interest in the Tiagba Gold project. So give us the scoop on that and

00:43really why you're so interested in it. Yeah. So as you know, Desert Gold already has a presence in

00:51Western Africa in the Rimean with our SMSE Gold project in Western Mali. And for about six to

01:00eight months now, we've been evaluating another number, other opportunities in the region.

01:04And in March, we went and we visited the Ivory Coast. The technical team looked at over a thousand

01:12square kilometers of ground covering over a dozen projects. And we were looking something that kind

01:19of ticked all the right boxes from an exploration perspective. And also in a jurisdiction that had a

01:27competitive mining code that is friendly and warm to foreign investment. And so Tiagba,

01:36for a number of reasons, ticked all those boxes.

01:40So what are your exploration plans then going forward with that project?

01:45So only 20% of the project has been prospected to a certain degree. And this is one of the

01:51most compelling reasons why we were interested in this particular license. As I said, you know,

01:56we looked at over a thousand square kilometers, covered, you know, a dozen projects. And we wanted

02:04something that had an obvious target on it. And in the case of the Tiagba project, there's a four

02:12kilometer by two kilometer, four kilometer long by two kilometer wide golden soil anomaly. To answer your

02:19question about what we're going to do, we're going to quickly map the trend. Trench it, probably run an

02:27IP survey over it to figure out as best as we can, the direction of the mineralization. And we'll do

02:33that so that we can position our drill holds as accurately as possible for a first pass. And the

02:39intention is to go out there and make a discovery straight away.

02:43Well, it sounds exciting right off the bat. While we have you with us, why don't you give us just a

02:47really quick update on your other project, the SMSZ project in Western Mali?

02:52Sure. Yeah. So that's, you know, that's our flagship asset, the Senegal Mali Sheardone project

02:58in Western Mali, little over a million ounces combined inferred and measured and indicated resource.

03:04About six months ago, we undertook a preliminary economic assessment,

03:09fast track into mining in the second half of this year, once the PEA is made public.

03:15That's amazing news. You have so much going on in the bucket over there. We always love a good

03:20momentum story. So definitely come back and give us an update soon.

03:24Of course, I'd be happy to. Thanks for your time, Lindsay.

03:27Again, that was Jared Scharf, President and CEO of Desert Gold Ventures. Now definitely flip over to

03:33their website to read more about their story. It's fascinating. It's desertgold.ca. And of course,

03:38be sure to stay right here on stockhouse.com for all of your up-to-date market news. I'm Lindsay Melchek. See you soon.

03:44I'll see you soon.

03:46I'll see you soon.