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FOR IMMEDIATE RELEASE
Symbol : RSG – TSX V S1O – FSE |
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16.39 G/T AU OVER 49.50 M : SEARCHGOLD CUTS A SPECTACULAR GOLD INTERSECTION ON BAKOUDOU IN GABON
Montreal, September 19 th 2007 – SearchGold Resources Inc. (TSXV:RSG, FSE:S1O) is pleased to provide an update on the drilling campaign currently underway on its Bakoudou-Magnima Gold Project located in Gabon, Africa.
Hole BA-06-36, drilled at the south eastern extremity of Zone A on Bakoudou, intersected a spectacular mineralized interval :
16.39 g/t Au over 49.50 m from 133.00 m to 182.50 m
This intersection comprises the following high grade mineralized intercepts :
- 176.10 g/t Au over 1.00 m from 142.00 to 143.00 m
- 55.41 g/t Au over 1.00 m from 151.00 to 152.00 m
- 72.30 g/t Au over 2.00 m from 178.00 to 180.00 m
The drill hole was executed to test the extension of Bakoudou’s Zone A south of an east-north-east trending fault offsetting the mineralized body. This hole confirms the continuity of the mineralization south of this fault and allows new development perspectives to be considered for the project. Equally significant, the mineralized interval was intersected in fresh rock clearly establishing the continuity of the mineralization at depth beyond the oxide zone.
Two additional drill holes, BA-06-37 and BA-06-38, have intersected the mineralized structure south of the east-north-east trending fault and visible gold has also been observed in both instances. Samples of the mineralized zones intersected in these two holes are presently being analyzed.
Philippe Giaro, President and CEO, stated “This remarkable hole results from systematic investigations and highlights the quality of the Bakoudou project and of the technical teams in place. This intersection in fresh rock totally changes the scope of project by confirming in a spectacular way the rooting of the mineralization in the sulfide zone on very important widths. It now appears more and more probable that the oxide part of Zone A would be the starting point of a mining operation with the opportunity to extend its mine life with the fresh rock mineralization.”
Visible gold has been observed in hole BA-06-36 and the grade is generally well distributed over the 49.5 m mineralized interval as demonstrated by the following table presenting the individual values obtained.
From |
To |
Interval |
Grade |
From |
To |
Interval |
Grade |
(m) |
(m) |
(m) |
(g/t Au) |
(m) |
(m) |
(m) |
(g/t Au) |
133 |
134 |
1 |
0.43 |
158 |
159 |
1 |
1.12 |
134 |
135 |
1 |
1.13 |
159 |
160 |
1 |
1.64 |
135 |
136 |
1 |
4.15 |
160 |
161 |
1 |
0.80 |
136 |
137 |
1 |
0.10 |
161 |
162 |
1 |
14.60 |
137 |
138 |
1 |
8.64 |
162 |
163 |
1 |
6.42 |
138 |
139 |
1 |
2.27 |
163 |
164 |
1 |
35.49 |
139 |
140 |
1 |
0.02 |
164 |
165 |
1 |
9.53 |
140 |
141 |
1 |
0.40 |
165 |
166 |
1 |
13.78 |
141 |
142 |
1 |
0.40 |
166 |
167 |
1 |
2.98 |
142 |
143 |
1 |
176.10 |
167 |
168 |
1 |
22.15 |
143 |
144 |
1 |
14.15 |
168 |
169 |
1 |
4.48 |
144 |
145 |
1 |
15.70 |
169 |
170 |
1 |
8.70 |
145 |
146 |
1 |
12.60 |
170 |
171 |
1 |
3.78 |
146 |
147 |
1 |
4.27 |
171 |
172 |
1 |
1.55 |
147 |
148 |
1 |
16.82 |
172 |
173 |
1 |
30.10 |
148 |
149 |
1 |
22.35 |
173 |
174 |
1 |
8.73 |
149 |
150 |
1 |
16.40 |
174 |
175 |
1 |
25.03 |
150 |
151 |
1 |
15.20 |
175 |
176 |
1 |
2.42 |
151 |
152 |
1 |
55.41 |
176 |
177 |
1 |
0.17 |
152 |
153 |
1 |
18.60 |
177 |
178 |
1 |
5.70 |
153 |
154 |
1 |
35.81 |
178 |
179 |
1 |
59.08 |
154 |
155 |
1 |
2.78 |
179 |
180 |
1 |
85.52 |
155 |
156 |
1 |
14.09 |
180 |
180.5 |
0.5 |
13.46 |
156 |
157 |
1 |
10.62 |
180.5 |
181.5 |
1 |
0.79 |
157 |
158 |
1 |
9.60 |
181.5 |
182.5 |
1 |
1.86 |
About SearchGold Resources Inc.
SearchGold Resources is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Africa and in Canada. The expansion strategy executed in 2006 set the stage for the Company’s development in 2007 that involves increasing activity on the new blue-sky properties and the advanced projects as well as some potential acquisitions.
FOR FURTHER INFORMATION PLEASE VISIT http://www.searchgold.ca OR CONTACT:
SearchGold Resources Inc. CHF Investor Relations
Philippe Giaro, President & CEO Alison Tullis, Account Manager
Tel: 32-473-52-30-29 Tel: 416-868-1079 x233
E-mail: phgiaro@skynet.be E-mail: alison@chfir.com
SearchGold Resources Inc.
Denis Tremblay, Vice-President
Tel : 514-866-4224
E-mail: info@searchgold.ca
If you would like to receive press releases via e-mail please contact: info@searchgold.ca
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