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Searchgold Resources Inc

Publié le 29 mars 2010

Hits Up to 0.54 G/T Au Over 25 M in AC Drilling of New Exploration

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Mots clés associés :   Burkina Faso | Gabon |

SearchGold Resources Inc.
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March 29, 2010
SearchGold Hits Up to 0.54 G/T Au Over 25 M in AC Drilling of New Exploration Targets, Arae-Gassel, Burkina Faso
MONTREAL, QUEBEC--(Marketwire - March 29, 2010) - SearchGold Resources Inc. ("SearchGold")(TSX VENTURE:RSG)(FRANKFURT:S1O) is pleased to announce the AC drilling results of its recent AC/RC drilling program realized in partnership with Swala Resources plc ("Swala") on the Arae-Gassel Gold Property ("Arae-Gassel") located in northern Burkina Faso, West Africa.

To evaluate the regional potential of the property and generate proper targets prior to this drilling campaign, surface work comprising ground geophysical and geochemical surveys was executed (see press release dated December 22nd 2009). Anomalies were outlined on 7 targets (Kerboule S NE, Yalema, Yalema E, MK, Gassel-Haissa N, Galo-Diomour and Ariel) and were investigated in the recent program by 66 AC drill holes with individual depths of mostly 30 m and totalling 2,000 m. See attached figure: http://media3.marketwire.com/docs/Arae-Gassel-drilling-explo.pdf

The drilling strategy was to execute sections of 2 to 6 overlapping holes to cover the targeted areas. The detailed results of the program are presented below.

Kerboule S NE target / 6 holes totalling 180 m. Significant intervals include:

--  G09041 : 3.92 g/t Au over 3 m from 4 to 7 m (including 11.51 g/t Au over
    1 m) 
--  G09045 : 2.34 g/t Au over 1 m from 2 to 3 m
Yalema / 16 holes totalling 500 m. Significant intervals include:

--  A09012 : 1.53 g/t Au over 6 m from 35 to 41 m 
--  A09014 : 1.18 g/t Au over 1 m from 4 to 5 m 
--  A09021 : 1.08 g/t Au over 2 m from 17 to 19 m 
--  A09022 : 1.23 g/t Au over 1 m from 2 to 3 m 
--  A09025 : 0.95 g/t Au over 2 m from 18 to 20 m
Yalema E / 11 holes totalling 330 m. Significant intervals include:

--  G09050 : 1.12 g/t Au over 1 m from 27 to 28 m 
--  G09051 : 1.00 g/t Au over 5 m from 20 to 25 m (including 2.97 g/t Au
    over 1 m)
Ariel / 11 holes totalling 330 m. Significant intervals include:

--  G09028 : 0.93 g/t Au over 8 m from 19 to 27 m 
--  G09029 : 0.92 g/t Au over 3 m from 5 to 8 m and 1.37 g/t Au over 3 m
    from 19 to 22 m (including 3.57 g/t Au over 1 m) 
--  G09031 : 0.54 g/t Au over 25 m from 5 to 30 m (including 1.16 g/t Au
    over 4 m and 1.77 g/t Au over 1 m)
Galo-Diomour / 3 holes totalling 90 m. Significant intervals include:

--  G09054 : 1.23 g/t Au over 1 m from 0 to 1 m and 1.07 g/t Au over 2 m
    from 28 to 30 m
Gassel-Haissa N / 17 holes totalling 510 m. Significant intervals include:

--  A09042 : 0.65 g/t Au over 13 m from 12 to 25 m (including 2.71 g/t Au
    over 1 m), 1.11 g/t Au over 1 m from 20 to 21 m and 1.99 g/t Au over 1 m
    from 24 to 25 m 
--  G09046 : 0.51 g/t Au over 3 m from 1 to 4 m (including 1.15 g/t Au over
    1 m) 
--  A09047 : 2.46 g/t Au over 3 m from 26 to 29 m (including 6.45 g/t Au
    over 1 m)
Drilling was performed at high angle to the mineralized structures but exact true widths are unknown. These recent results will be integrated in the property geology data base and further follow-up surface work will be executed once all geological interpretations have been completed.

The Arae-Gassel exploration program was supervised by Mr. Moussa Keita, Ph.D., P. Geo. and Vice-president Exploration of SearchGold. Moussa Keita is a "Qualified Person" as defined in National Instrument 43-101.

Sample analysis / QA/QC

Air Core drilling (AC) was used. Individual samples weighting 1-9 kg were taken from every 1 meter intervals during drilling. These samples are split until two sub-samples of 2 kg (or less according to the material available) each are obtained. One of these samples of 2 kg (or less according to the material available) is sent to the laboratory for analysis. A rigorous QA/QC program involves the random inclusion of standards and sampling of duplicates (sent to SGS Ouagadougou, Burkina Faso) at the sample collection stage. The samples are shipped to the Abilab laboratory in Ougadougou, Burkina Faso, for analysis by bottle roll cyanidation on 1kg (or less according to the material available) pulp samples. The sample preparation and analytical procedure involves pulverizing the entire 2kg (or less according to the material available) sample followed by quartering to obtain a representative 1kg (or less according to the material available) sample which undergoes bottle roll cyanidation for 24 hours. In cases where bottle roll cyanidation yields assays greater than 0.5 g/t Au, a fire assay is executed on the pulp tailings and the head grade recalculated. The blanks have been inserted randomly by the laboratory during the analysis.

(i) The Arae-Gassel property is directly adjoining on its southern boundary Avocet Mining's Belahouro property, host of the 1.4 million ounce Inata gold deposit (5.2 million tonnes @ 2.3 g/t Au for 378,480 ounces of Measured Resources and 19.8 million tonnes @ 1.6 g/t Au for 1,018,450 ounces of Indicated Resources).

About SearchGold Resources Inc. (www.searchgold.ca)

SearchGold Resources is a Canadian-based mining company primarily focussed on gold deposits in Africa with advanced projects in Gabon and Burkina Faso. SearchGold and partner Swala Resources plc recently completed a 114-hole AC / RC drilling program, totaling 4,400 m on the Arae-Gassel property in Burkina Faso. Shares of SearchGold Resources Inc. are listed for trading on the TSX Venture Exchange as "RSG"; and the Frankfurt Stock Exchange as "S1O".

Philippe Giaro, P. Geo., President and CEO of SearchGold Resources Inc. and Qualified Person for SearchGold, has reviewed and approved the content of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SearchGold Resources Inc.
Philippe Giaro, President & CEO


SearchGold Resources Inc.
Denis Tremblay, Vice-President

INDUSTRY: Manufacturing and Production - Mining and Metals

Données et statistiques pour les pays mentionnés : Burkina Faso | Gabon | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Burkina Faso | Gabon | Tous

Searchgold Resources Inc

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Searchgold est une société d’exploration minière d'or basée au Canada.

Searchgold détient divers projets d'exploration au Gabon.

Ses principaux projets en exploration sont MANDIANA en Guinee, BOOUÉ - MIMONGO et BAKOUDOU - MAGNIMA au Gabon et DOU - TAOUREMBA, ZITENGA II, GUEGUERE et ARAE-GASSEL au Burkina Faso.

Searchgold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,4 millions US$, 1,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2008 à 0,01 CA$, et son plus haut niveau récent le 19 mars 2010 à 0,72 CA$.

Searchgold possède 32 835 000 actions en circulation.

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Financements de Searchgold Resources Inc
20/09/2012. Announces Private Placement
Projets de Searchgold Resources Inc
09/06/2011(Gueguere)Provides Update on Gueguere Following Indigo's Drill Interce...
29/03/2010(Arae-gassel)Hits Up to 0.54 G/T Au Over 25 M in AC Drilling of New Explo...
18/03/2010(Arae-gassel)Hits Up to 1.69 g/t Au Over 50 m in Kerboule South RC Drilli...
22/12/2009(Arae-gassel)Targets Large Scale Resource and Starts Drilling on Arae-Gas...
23/10/2009(Arae-gassel)and Swala to Start Drilling in November 2009 on Arae-Gassel ...
28/05/2009(Mandiana)Diamond Production and Sales
19/05/2009(Gueguere)Options Gueguere Property South of Poura Mine in Burkina Fas...
13/08/2008(Bakoudou - Magnima)Reports an Open Pit Gold Reserve of 150,000 Ounces of Gold ...
14/02/2008(Bakoudou - Magnima) INTERSECTS 16.43 G/T AU OVER 4 M AND PROVIDES DRILLING UPDA...
Communiqués de Presse de Searchgold Resources Inc
29/10/2012. Announces Decision of its Joint Venture Partner to Not Pro...
13/07/2011Announces Board and Management Changes
23/06/2011Provides Update on Swala and Burkina Faso
22/06/2011Reminds Shareholders About its Annual General Meeting of Jun...
19/05/2011Sells Remaining 27% Interest in Bakoudou-Magnima to Managem
26/04/2011Provides Update on Stellar Diamonds plc, Strategic Focus on ...
24/03/2011Provides an Update on its Burkina Faso Activities
07/07/2010Note Reference to Swala
23/06/2010Will Not Consolidate its Shares
15/06/2010Recommends a Vote for The Share Consolidation to Its Shareho...
01/06/2010Proposes a Share Consolidation to its Shareholders
03/11/2009Proposed Merger Between Stellar Diamonds and West African Di...
18/09/2009Completes a $372,000 Financing
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