SearchGold Resources Inc. (TSX VENTURE: RSG)(FRANKFURT: S1O) hereby
provides an update 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").
A field campaign executed in March 2009 resulted in the
definition of three major gold vein systems within the
Kerboule-Yalema gold corridor on the Arae-Gassel property with
surface gold grades of up to 37.79 g/t Au (SFK-M, SFK-N and
SFK-T).
See map on this link:
http://media3.marketwire.com/docs/SG.pdf
These mineralized systems host quartz veins with apparent widths
comprised between 0.25 m and 1.50 m as well as quartz veinlets
bearing stockworks forming mineralized zones with apparent widths
varying between 15.00 and 30.00 m.
A 5 km by 2 km area was the object of detailed surface mapping
on 200 km of lines spaced at 50 m and perpendicular to the main
geological directions. A total of 135 samples collected demonstrate
that all rock types are mineralized with gold and a total of 43
samples, or 32% of the total sample collected, yielded significant
values above 0.40 g/t Au up to 37.79 g/t Au :
- Grade above 30.00 g/t Au : 3 samples
- Grades between 10.00 g/t Au and 30.00 g/t Au : 6 samples
- Grades between 1.00 g/t Au and 10.00 g/t Au : 20 samples
- Grades between 0.40 g/t Au and1.00 g/t Au : 14 samples
SFK-M, SFK-N and SFK-T sectors
An important part of the mapped area overlays the on-going
artisan activity. It is notably the case for the SFK-M, SFK-N and
SFK-T systems which form part of a trend observed over one
kilometre, showing a North-North-East direction and comprising an
"en echelon" network of quartz veins with steep western and sub
horizontal dips. A total of 52 samples were collected in those
sectors and 71% yielded significant values above 0.40 g/t Au with
the principal results above 5.00 g/t Au being :
-----------------------------------------------
Au (g/t) Sample Rock type 30 N WGS 84
UTM E UTM N
-----------------------------------------------
37.79 309-96 Tuff 687791 1610001
35.18 309-95 Quartz 687783 1610011
30.89 309-70 Quartz 687906 1609392
15.13 309-68 Quartz 687899 1609325
14.92 309-101 Quartz 687820 1610063
13.88 309-59 Tuff/quartz 687916 1609305
12.18 309-104 Quartz 687824 1610145
12.18 309-93 Quartz 687773 1610013
10.63 309-60 Quartz 687891 1609287
8.53 309-54 Quartz 687880 1609245
7.99 309-62 Quartz 687929 1609312
7.62 309-103 Quartz 687849 1610147
7.27 309-48 Quartz 687907 1609087
5.70 309-100 Quartz 687785 1610072
5.16 309-115 Quartz/tuff 688108 1610231
KST sector
This sector takes on a strategic importance as it confers an
additional 500 m of North-East extension to the historical Kerboule
South sector. The entire KST / Kerboule South system now shows an
extension of approximately one kilometre and previous RC drilling
work confirmed the presence of higher grade zones 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.
The recent mapping of the KST sector clearly demonstrates that
the mineralized system consists in a network of quartz veins hosted
in a feldspathic tuff with local quartz stockwork textures and
disseminated cubic pyrite. Several schistosity measurements show a
north-north-east trend with a sub vertical dip (strike of 186
degrees to 200 degrees and dip of 77 degrees to 90 degrees). A
total of 13 samples were collected in this sector and 23% yielded
significant values above 0.40 g/t Au; the principal results being
:
-----------------------------------------------
Au (g/t) Sample Rock type 30 N WGS 84
UTM E UTM N
-----------------------------------------------
3.40 309-24 Tuff 688609 1608052
0.95 309-1 Tuff 688415 1607537
0.63 309-23 Quartz/Tuff 688718 1608054
These results are especially significant as they demonstrate the
impregnation of the mineralization in the host rock thereby
allowing to consider bulk tonnage exploitation as suggested by the
previous RC drilling work demonstrating the presence of wide
mineralized intervals on the Kerboule South target:
- RCK99-86 : 5.20 g/t Au over 38 m from 26 to 64 m.
- RCK99-58 : 2.51 g/t Au over 56 m from 42 to 98 m.
Other sectors
The remainder of the sampling of this recent surface campaign
concerned the known Kerboule-Yalema corridor and demonstrated a
significant background in gold on the entire structure. Indeed, 57%
of the 135 samples collected returned grades above 0.05 g/t Au and
two additional peripheral sectors were defined preliminarily :
- SFK-NW sector : two laterite and quartz samples returned
values of 0.42 and 0.41 g/t Au respectively.
- YT-1 sector : two laterite and saprolite samples returned
values of 0.06 and 0.05 g/t Au respectively.
The 5 km Kerboule-Yalema gold trend recognized on SearchGold's
property, probably represents a subsidiary structure to the
Inata-Kerboule shear zone, a major regional structure over 30 km in
strike length which hosts Wega Mining's 1.4 million oz Au Inata
deposit(i) 15 km south of SearchGold's property. 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 has shown the
presence of high grade quartz veins producing gold consistently,
year after year.
Sample type
All significant results presented above were obtained on grab
and composite samples collected in outcrops, old trenches, artisan
shafts and in artisan shafts rejects. The samples have recorded
weights varying between 1.06 kg and 4.76 kg with an average weight
comprised between 2.00 and 3.00 kg. The 135 samples were collected
principally from surface quartz veins, quartz veins from artisan
shafts, quartz veinlets bearing stockworks hosted in tuffs, hosts
tuffs, lateritized surface facies and colluviums.
Sample Analysis
The samples were 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 0.50 g/t Au (500 ppb) are
recorded from bottle roll cyanidation, and the head grade
recalculated accordingly. A rigorous QA/QC program involves the
random inclusion of standards, duplicates and blanks at the sample
preparation stage.
The surface work and sampling were 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.
- (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".
FOR FURTHER INFORMATION PLEASE VISIT
http://www.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 SearchGold Resources
Inc. Denis Tremblay Vice-President 1-514-866-4224
info@searchgold.ca CHF Investor Relations Alison Tullis Senior
Account Manager 1-416-868-1079 x233 alison@chfir.com
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