Desert Gold Ventures Inc(agreement with K) Initial KW Zone Drilling Results

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Desert Gold Ventures Inc(agreement with K) Initial KW Zone Drilling Results

posted on Jan 21, 2009 02:15AM

January 21, 2009

Desert Gold Ventures Inc.: Goldbanks Property, Pershing County, Nevada Initial KW Zone Drilling Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2009) - Desert Gold Ventures Inc. ("Desert Gold" or the "Company") (TSX VENTURE:DAU) is pleased to announce that the results for 2008 drilling activities in the KW Zone, located at the north end of the Goldbanks property (the "Property") have been received and interpreted. The drilling confirms the potential for high-grade gold mineralization in the KW Zone and has defined a principal control of this mineralization as a northwest-trending and southwest-dipping fault zone ("KW Fault Zone"). A total of 8,132.5 feet of drilling was completed in the KW Zone and is comprised of 6,002.5 feet of core and 2,130 feet of reverse circulation drilling. All core and rotary cuttings samples were analyzed by ALS Chemex for gold, silver, and a suite of trace metals.

The KW Zone is a previously defined small resource area containing 74,300 oz Au, although the controls of the gold mineralization were never clearly established. A detailed review and re-interpretation of geology of the KW Zone suggested that a northwest-trending, southwestern-dipping series of subparallel fault zones are the principal controls of both high and low-grade gold mineralization that comprise this resource area. The 2008 drilling program in the KW Zone confirmed the presence and gold-bearing nature of a major northwest-trending fault zone; the KW Fault Zone. The KW Fault Zone is a principal focus for dike emplacement, hydrothermal alteration, and is a primary control of the gold mineralization in the resource area.

Several core and reverse circulation holes intersected the KW Fault Zone and demonstrate that the zone can be traced along strike greater than 1200 feet and ranges from less than 50 to greater than 100 (up to 100's of) feet wide. The Fault Zone is intensely brecciated, contains abundant dikes, is pervasively silicified, and contains crystallized and banded epithermal quartz veining exhibiting abundant open spaces, boiling textures, associated pyrite, iron, and manganese-oxides. The majority of gold, including higher grade (greater than less than 0.4 oz/t Au) zones, appears to be closely associated with the quartz veining. Gold grades are erratic within the zone and detailed studies to determine the exact location and mineralogical associations of gold mineralization will be undertaken.

A table of some of the 2008 drill holes that intersected the mineralized KW Fault Zone is shown below.

Table of 2008 KW Zone Drill Holes

-----------------------------------------------
                                          Grade
Hole Number    From      To    Feet    (oz/t Au)
-----------------------------------------------
GB08-01         445     460    15.0       0.230
-----------------------------------------------
 Inc.           455     460     5.0       0.484
              ---------------------------------
                510   513.5     3.5       0.199
-----------------------------------------------
GB08-02       379.5     385     5.5       0.137
              ---------------------------------
                755     774    19.0       0.161
              ---------------------------------
 Inc.           755   758.5     3.5       0.521
              ---------------------------------
                764     769     5.0       0.216
              ---------------------------------
                875     885    10.0       0.046
-----------------------------------------------
GB08-03         446     451     5.0       0.155
              ---------------------------------
                477     487    10.0       0.050
              ---------------------------------
                819     834    15.0       0.019
              ---------------------------------
                834     839     5.0       0.224
-----------------------------------------------
GB08-05         265     270     5.0       0.177
              ---------------------------------
                545     550     5.0       0.073
              ---------------------------------
                685   688.5     3.5       0.089
-----------------------------------------------
GB08-06         333     338     5.0       0.207
              ---------------------------------
              629.5     670    40.5       0.013
-----------------------------------------------
GB08-07         232     237     5.0       0.172
              ---------------------------------
                724     805    81.0       0.070
              ---------------------------------
 Inc.           724     729     5.0       0.234
              ---------------------------------
 Inc.           729     753    34.0       0.012
              ---------------------------------
 Inc.           753     805    52.0       0.082
              ---------------------------------
 Inc.           773     778     5.0       0.487
-----------------------------------------------
GB08-33         240     325    85.0       0.013
-----------------------------------------------
GB08-34          60     120    60.0       0.010
              ---------------------------------
                200     300   100.0       0.011
-----------------------------------------------
GB08-35         170     180    10.0       0.016
              ---------------------------------
                200     205     5.0       0.089
              ---------------------------------
                295     320    25.0       0.011
              ---------------------------------
                400     415    15.0       0.011
              ---------------------------------
                650     655     5.0       0.099
              ---------------------------------
                700     705     5.0       0.045
              ---------------------------------
                750     755     5.0       0.042
              ---------------------------------
                865     890    25.0       0.020
-----------------------------------------------

Topographic features suggest the KW Fault Zone continues along strike to the south and north beyond the current limits of drilling and results from the 2008 program indicate that additional exploration drilling is warranted to define the north and south limits of this mineralized fault zone and infill drilling along the zone. In addition, the high-level style and textural features exhibited by the quartz veining suggest that future drilling should target the KW Fault Zone down-dip. Portions of the KW Fault Zone that contain the highest gold grades and well-developed epithermal quartz veining warrants exploration drilling at a level of at least 200-500 feet down-dip of the current level of gold anomalies to test the potential for bonanza gold mineralization in the vein zone.

Desert Gold is exploring the Goldbanks Property under an option and joint venture agreement with Kinross Gold Corporation (NYSE:KGC). Exploration work is being conducted under the supervision of the Company's Qualified Person, Timothy J. Percival, CPG. ALS Chemex Ltd. of Vancouver analyzed the samples.

On Behalf of the Board of Directors:

Eugene Beukman, President

For further information on Desert Gold Ventures Inc. please visit our website at: www.desertgold.ca.

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