SearchGold Reports High Grade Gold on Arae-Gassel With Results of Up to 95.33 g/t Au in Burkina Faso
March 25 2009 - 9:00AM
Marketwired
SearchGold Resources Inc. (TSX VENTURE: RSG)(FRANKFURT: S1O) is
pleased to provide additional technical details on the 400 km2
Arae-Gassel Gold Property ("Arae -Gassel") located in northern
Burkina Faso, West Africa, where it has an option to acquire 100%
interest from Somika SARL ("Somika").
Recent compilation has highlighted the Inata-Kerboule shear as a
major regional structure over 30 km in strike length which is host
to Wega Mining's 1.4 million oz Au Inata deposit(i) 15 km south of
SearchGold's property. This large scale system shows subsidiary
shears and the presence of intrusive rocks, two key drivers for
mineralization.
The 5 km Kerboule-Yalema gold trend recognized on SearchGold's
property, characteristic of such subsidiary shears structures, is
here part of a typical larger scale auriferous system hosted in a
classic volcano-sedimentary package with sericite, carbonate,
K-feldspar and albite alteration in association with an
intermediate porphyritic intrusive, as intersected in the Kerboule
south drilling program.
On the Kerboule-Yalema gold trend, the high grade nature of the
mineralization was confirmed with the recent sampling by SearchGold
of 1 to 3 kg surface rock samples which yielded grades of 95.33 g/t
Au, 8.42 g/t Au, 7.72 g/t Au and 6.15 g/t Au.
See map on this link:
http://media3.marketwire.com/docs/KerbouleYalemaMap.pdf
These samples were found in sheared and fractured quartz veins
showing feldspathic alteration with locally tourmaline and
hydrothermal breccia textures. On occasion these quartz veins
display important quantities of visible gold.
See visible gold photograph on this link:
http://media3.marketwire.com/docs/Gold%20rock1.JPG
Moreover, compilation of previous RC drilling work further
highlights distinctly higher grade zones as shown on the Kerboule
South target:
- RCK99-86 : 24.48 g/t Au over 4 m from 42 m to 46 m,
- RCK99-05 : 18.28 g/t Au over 2 m from 6 m to 8 m.
Towards the middle of the Kerboule-Yalema trend, 2 km north of
the above mineralized intercepts, on the Kerboule main target,
previous RC drilling has shown:
- RCK99-28 : 29.12 g/t Au over 2 m from 86 m to 88 m,
- RCK99-20 : 17.58 g/t Au over 2 m from 54 m to 56 m.
The last systematic work on Arae-Gassel was executed by Orezone
Resources Inc. in the late 1990's when gold was at US$300 an ounce.
A lot of additional artisanal work has been executed since and the
Kerboule-Yalema gold trend has shown to host high grade quartz
veins with artisan mining producing gold consistently, year after
year.
This artisan mining activity has produced significant rock
exposure providing invaluable access to strategic geological
information. The next phase of work will integrate the historical
data to the improved geological interpretation rendered possible by
this recent exposure. A field mission is currently in progress by
SearchGold to execute detailed mapping and further sampling of the
Kerboule-Yalema gold trend.
Sample Analysis
Preliminary sampling by SearchGold consisted in 1 to 3 kg
surface rock samples taken with a geological hammer. The samples
are shipped to the Abilab laboratory in Ougadougou, Burkina Faso,
for analysis by bottle roll cyanidation on pulp samples. The sample
preparation and analytical procedure involves drying and
pulverizing the entire sample followed by quartering to obtain a
representative 1 kg sample which undergoes bottle roll cyanidation
for 24 hours. A fire assay is executed on the pulp tailings when
values greater than 0.1 g/t Au (100 ppb) are recorded from bottle
roll cyanidation, and the head grade recalculated accordingly.
The compilation and sampling is carried out under the
supervision of Moussa Keita, P. Geol. and SearchGold's
Vice-President Exploration. Philippe Giaro, P. Geol., President and
CEO of SearchGold Resources Inc. and Qualified Person for
SearchGold, has reviewed and approved the content of this
release.
(i)(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.
SearchGold Resources is a Canadian-based mining company
primarily focussed on gold deposits in Africa. Shares of SearchGold
Resources Inc. are listed for trading on the TSX Venture Exchange
as "RSG"; and the Frankfurt Stock Exchange as "S1O".
If you would like to receive press releases via e-mail please
contact: info@searchgold.ca.
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.
Contacts: SearchGold Resources Inc. Philippe Giaro, President
& CEO 32-473-52-30-29 phgiaro@skynet.be CHF Investor Relations
Alison Tullis, Senior Account Manager 1-416-868-1079 ext. 233
alison@chfir.com SearchGold Resources Inc. Denis Tremblay,
Vice-President 1-514-866-4224 info@searchgold.ca
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