Desert Gold Ventures Inc. Company Profile

Background

Company Overview

Desert Gold Ventures Inc. is a Canadian-based gold exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Mali, West Africa. The company's flagship project is the Senegal Mali Shear Zone (SMSZ) Project, encompassing approximately 440 square kilometers in Western Mali. The SMSZ Project contains 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.

Mission and Vision

Desert Gold Ventures aims to advance gold discoveries and development within West Africa's Birimian greenstone belt, targeting scalable growth in well-established, low-cost mining jurisdictions with tier-one discovery potential.

Industry Significance

Operating in the highly prospective Birimian greenstone belt, Desert Gold Ventures contributes to the growing gold exploration and development activities in West Africa, a region known for its rich mineral resources and mining potential.

Key Strategic Focus

Core Objectives

• Exploration and Development: Focus on the acquisition, exploration, and development of gold properties in Mali and Côte d'Ivoire.

• Resource Expansion: Enhance existing gold zones and discover new mineralized areas to increase the company's resource base.

• Near-Term Production: Target oxide gold production in Mali by 2025, with a Preliminary Economic Assessment (PEA) expected in Q2 2025.

Areas of Specialization

• Gold Exploration: Specializing in gold exploration within the Birimian greenstone belt, focusing on identifying and developing gold deposits.

• Project Development: Advancing projects from exploration to development stages, aiming for near-term production.

Key Technologies Utilized

• Geological Mapping and Prospecting: Employing advanced geological mapping and prospecting techniques to identify and delineate gold mineralization zones.

• Drilling Programs: Conducting extensive drilling programs, including air core (AC) and reverse circulation (RC) drilling, to assess and expand mineral resources.

Primary Markets and Conditions Targeted

• Geographical Focus: Primarily targeting gold exploration and development in Mali and Côte d'Ivoire.

• Market Conditions: Operating in regions with established mining infrastructure and favorable mining policies to facilitate project development.

Financials and Funding

Funding History

Desert Gold Ventures has engaged in multiple financing activities to support its exploration and development projects. In February 2026, the company closed a fully subscribed LIFE offering for gross proceeds of C$7,181,800.

Total Funds Raised

The company has raised significant capital through various financing rounds to fund its exploration and development initiatives.

Notable Investors

Specific details about individual investors are not publicly disclosed.

Utilization of Capital

The capital raised is primarily allocated towards exploration drilling programs, project development activities, and general corporate purposes to advance the company's gold exploration projects.

Pipeline Development

Key Pipeline Candidates

• SMSZ Project: The flagship project in Western Mali, covering approximately 440 square kilometers, with significant gold mineralization identified.

• Tiegba Project: A 297 square kilometer project in Côte d'Ivoire, hosting a large, never-drilled gold-in-soil anomaly with multiple parallel mineralized trends.

Stages of Development

• Exploration: Ongoing drilling programs and geological studies to delineate and expand gold resources.

• Development: Advancing projects towards near-term production, with a PEA expected in Q2 2025 for the SMSZ Project.

Target Conditions

• SMSZ Project: Focusing on oxide gold mineralization suitable for near-term production.

• Tiegba Project: Exploring large gold-in-soil anomalies for potential significant gold discoveries.

Anticipated Milestones

• Q2 2025: Expected completion of the PEA for the SMSZ Project.

Technological Platform and Innovation

Proprietary Technologies

Desert Gold Ventures utilizes advanced geological mapping, prospecting, and drilling technologies to identify and delineate gold mineralization zones.

Significant Scientific Methods

• Geological Mapping and Prospecting: Employing detailed geological mapping and prospecting techniques to assess mineral potential.

• Drilling Programs: Conducting extensive drilling programs, including air core (AC) and reverse circulation (RC) drilling, to evaluate and expand mineral resources.

Leadership Team

Key Executives

• Jared W. Scharf: President, CEO, and Director. With a background in corporate finance and public markets, Mr. Scharf has been involved with Desert Gold since 2010 and has served as a director since 2015.

• Sonny Janda: Chairman. Mr. Janda has been with Desert Gold since 2010, holding positions ranging from operational and financial management to business development and capital procurement strategy.

• Larry Tsang, CPA: Chief Financial Officer. Mr. Tsang has over 18 years of experience in auditing, accounting, taxation, and finance for both private and public companies.

• Souleymane Satigue Sidibé: Regional Manager.