MONTREAL, QUEBEC--(CCNMatthews - Feb. 14, 2007) - SearchGold Resources Inc. (TSX VENTURE:
RSG -
News; FRANKFURT:
S1O -
News) is pleased to provide the first results of the recently completed drilling campaign on its Mandiana Gold Property located in Guinea, West Africa.
The 4,300 m drilling program consisted in 54 holes and the results of the first 12 holes have been received from the N'Diambaye target. The highlight is an intersection of 9.76 g/t Au over 22 m from 50 m to 72 m in hole NDI-002 and containing two higher grade intercepts :
- 76.89 g/t Au over 1 m from 51 to 52 m
- 110.77 g/t Au over 1 m from 62 to 63 m
Philippe Giaro, President and CEO, observed that "N'Diambaye had never been drilled and we are very pleased with this discovery which validates our approach to the area. We are in a world-class environment for gold discoveries as demonstrated by the presence of the Morila and Sadiola mines also hosted in Birimian shield rocks. We are only starting to scratch the surface of this property and based on this initial response we look forward to a very promising future."
A detailed table with the results is presented below.
-------------------------------------------------------- Hole # From To Interval Grade (m) (m) (m) (g/t Au) -------------------------------------------------------- -------------------------------------------------------- NDI-002 30.00 31.00 1.00 2.43 NDI-002 50.00 72.00 22.00 9.80 including 51.00 52.00 1.00 76.89 62.00 63.00 1.00 110.77 NDI-005 34.00 36.00 2.00 2.81 NDI-010 9.00 10.00 1.00 4.78 NDI-010 11.00 12.00 1.00 4.37 --------------------------------------------------------
A total of 40 holes were drilled on N'Diambaye and the results of an additional 28 holes are pending for this target. The holes are inclined at 50 degrees; drilled with an azimuth of 270 degrees at to average depth of 80 m. The holes were drilled on six parallel east-west sections covering a 400 m strike length of the main anomaly. Holes NDI-001 to NDI-006 were drilled on section 11189300 while holes NDI-007 to NDI-012 were drilled on section 11189250, 50 meters to the south.
About the drilling program
Four distinct targets are being tested by this 4,300 m drilling program which consists of 54 holes. Two of the targets are gold termite mound anomalies (N'Diambaye and Karfakolo). Two additional targets were identified during field reconnaissance and were considered sufficiently mineralized and geologically significant to warrant drilling. A full discussion of these targets is presented in press release dated January 17th 2007.
The intersections contained in this release do not represent true widths. The project is at an early stage of exploration and additional surface work is required to fully characterize the setting of the observed mineralization. Moreover, no cut-off grade was applied in the calculation of the mineralized intersections presented in this release.
Sample analysis / QA/QC
Reverse circulation drilling was used and the holes are sampled and assayed 100%. One eight of the material recovered is sent for analysis. Individual samples weighting 4kg on average are taken from every 1 meter intervals during drilling. A rigorous QA/QC program involves the random inclusion of standards, duplicates and blanks at the sample collection stage. The samples are shipped to the Abilab laboratory in Ougadougou, Burkina Faso, for analysis by bottle roll cyanidation on 2kg pulp samples. The sample preparation and analytical procedure involves pulverizing the entire 4kg sample followed by quartering to obtain a representative 2kg sample which undergoes bottle roll cyanidation for 24 hours. In cases where bottle roll cyanidation yields assays greater than 2 g/t Au, a fire assay is executed on the pulp tailings and the head grade recalulated. Tails fire assays are pending and only bottle roll cyanidation results are included in this press release.
The program is carried out under the supervision of Mr. Pierre Lalande, P. Geol. and former IAMGold Chief Geologist who has been involved with gold projects in tropical terrains in the Birimian rocks of West Africa over at least two decades. 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.
About SearchGold Resources Inc.
SearchGold Resources is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold and diamond deposits in Africa and in Canada. The Company is aggressively pursuing the development of its three most advanced gold projects with drill programs initiated in November 2006. The expansion strategy executed in 2006 has set the stage for the Company's development in 2007 as this new year will see increased activity on the new blue-sky properties and the advanced projects as well as some potential acquisitions.
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