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Desert Gold seeks funding to start mine at Mali’s Barani and Gourbassi...
27 Nov, 2025 07:37 24 min read
Desert Gold Ventures Inc. is negotiating funding to begin construction on its Barani and Gourbassi gold deposits in Mali, now requiring US$20.4 million in initial capital with a payback period of 2.1 years. CEO Jared Scharf mentioned that the updated preliminary economic assessment for the SMSZ project includes less than 10% of gold resources, projecting a production of 130,700 ounces over 10 years due to enhanced ore processing and the eastern Gourbassi deposit's inclusion. The company possesses a small mine operating permit and faces no regulatory obstacles, coinciding with expected rising gold prices until 2027.... More