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Searchgold Resources Inc

Publié le 18 mars 2010

Hits Up to 1.69 g/t Au Over 50 m in Kerboule South RC Drilling

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Mots clés associés :   Burkina Faso | Gabon |

 
 
SearchGold Resources Inc.
TSX VENTURE: RSG
FRANKFURT: S1O
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March 18, 2010
SearchGold Hits Up to 1.69 g/t Au Over 50 m in Kerboule South RC Drilling, Arae-Gassel, Burkina Faso
MONTREAL, QUEBEC--(Marketwire - March 18, 2010) - SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:RSG) (FRANKFURT:S1O) is pleased to announce the results of its recent 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.

A total of 48 RC holes with individual depths of 50 m and totalling 2,400 m were drilled on the Kerboule South target. Kerboule South is situated on the northern extension of the Inata-Kerboule shear zone which contains the main gold mineralization of Inata gold deposit. This area is directly adjoining Avocet Mining plc's licence hosting the Inata deposit(i). Significant intervals above 25 m in length include :

--  G09002 : 0.91 g/t Au over 28 m from 22 m to 50 m , 
    
--  G09003 : 1.45 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09004 : 1.69 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09006 : 0.94 g/t Au over 35 m from 12 m to 47 m , 
    
--  G09007 : 1.30 g/t Au over 29 m from 3 m to 32 m,  
    
--  G09011 : 1.07 g/t Au over 46 m from 0 m to 46 m,  
    
--  G09016 : 1.01 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09028 : 1.84 g/t Au over 25 m from 24 m to 49 m , 
    
--  G09032 : 1.15 g/t Au over 26 m from 24 m to 50 m , 
    
--  G09037 : 1.73 g/t Au over 46 m from 1 m to 47 m,  
    
--  G09038 : 1.29 g/t Au over 44 m from 6 m to 50 m,  
    
--  G09039 : 1.17 g/t Au over 50 m from 0 m to 50 m,  
    
--  G09040 : 1.19 g/t Au over 47 m from 3 m to 50 m.
 
Additional important remarks include :

--  Drilling was performed at high angle to the mineralized structures but
    exact true widths are unknown, 

--  Eight of the aforementioned drill holes ended in mineralization, 

--  The grades are well distributed with one notable higher grade
    intersection of 7.94 g/t Au over 7 m from 29 m to 36 m in hole G9037, 

--  Numerous mineralized intervals in the 1 to 16 m range with grades
    generally in the 0.95 to 1.50 g/t Au have also been intersected (A09004,
    A09005, A09006, G09003, G09004, G09006, G09007, G09011, G09012, G09014,
    G09027, G09029, G09037, G09038, G09039), 

--  The drilling program covered the Kerboule South anomaly over a surface
    area of approximately 140 m by 140 m and holes were drilled on 20 m
    centres. This is the first drill program to be carried out since
    historical drilling work was executed by previous operators about 10
    years ago; it was aimed at validating previous data as well as provide
    tighter information for proper geological modelling.
 
All results will now be complied into the project data base to plan the next phase of development. Results from the RAB drilling on early-stage targets will be released shortly.

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

Reverse circulation drilling (RC) was used. Individual samples weighting 15-35 kg were taken from every 1 meter intervals during drilling. These samples are split until two sub-samples of 2 kg each are obtained. One of these samples of 2 kg 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 pulp samples. The sample preparation and analytical procedure involves pulverizing the entire 2kg sample followed by quartering to obtain a representative 1kg 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 gold projects in Gabon and Burkina Faso. SearchGold and partner Swala Resources plc recently completed a 114-hole RAB / 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.

CONTACT INFORMATION:

SearchGold Resources Inc.
Philippe Giaro, President & CEO
32-473-52-30-29
phgiaro@skynet.be

or

SearchGold Resources Inc.
Denis Tremblay, Vice-President
1-514-866-4224
info@searchgold.ca
http://www.searchgold.ca

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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