SearchGold (RSG.V) finds 22.75m@5.84g/t (8m@11.55) in Gabon
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FOR: SEARCHGOLD RESOURCES INC.
TSX VENTURE SYMBOL: RSG
SEPTEMBER 29, 2004 - 10:00 ET
SearchGold Reports More Solid Drilling Results From the Bakoudou Gold Project in Gabon
MONTREAL, QUEBEC--(CCNMatthews - Sept. 29, 2004) - SearchGold Resources Inc. is proud to release more drilling results of the ongoing 5,000 meters, 82 hole, diamond drill program performed on the Bakoudou Gold Project, under the technical supervision of Met-Chem Canada Inc. This drilling program is part of the Bankable Feasibility Study undertaken by SearchGold Resources Inc. to confirm the profitability of mining the Zone A, at the southern end of the Bakoudou gold bearing structure in Gabon, Central Africa.
Results highlights includes:
22.75 metres @ 5.84 g/t Au
including : 8.40 metres @ 11.55 g/t Au
10.25 metres @ 3.06 g/t Au
7.95 metres @ 3.15 g/t Au
1.80 metres @ 16.17 g/t Au
The following table presents detailed results:
Hole # From To Length Grades
m m m g / t Au
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BA04-14 52.45 55.45 3.00 3.55
72.00 73.50 1.50 2.95
BA04-01 57.00 64.95 7.95 3.15
70.20 72.00 1.80 16.17
BA04-10 1.50 3.0 1.50 1.69
9.25 12.85(open) 3.60 1.83
28.65 51.40 22.75 5.84
including: 42.0 50.40 8.40 11.55
BA04-09 6.00 9.30 3.30 3.09
13.00 23.25 10.25 3.06
BA04-08 7.0 11.00 4.00 2.77
16.50 18.80 2.30 4.17
25.25 25.85 0.60 4.74
The Company announced so far the results of 29 drill holes on a total of 82 and more Bakoudou drilling results will be published shortly. The drilling program is progressing and there are 32 holes left to drill after completing 50. The drilling program is approaching the heart of the zone A and some wide quartz vein are intersected in many holes as reported in Hole # BA04-10. Visible Gold is reported in many holes of the sector presuming incoming high grade results. Some 300 core samples were flown recently to Johannesburg and awaiting analysis.
Individual samples were taken from sawn half core at +/- 1 metre intervals in the mineralize zones. Quality control comprises 10% duplicates and inclusions of blanks and standards. The samples are flown to SGS LAKEFIELD RESEARCH AFRICA (PTY) LIMITED laboratory of Johannesburg, S.A., for analysis by fire assay using 100 g samples. The drilling program is under the supervision of Mr Pierre Allard of Met-Chem Canada Inc, an independent geological expert and Qualified Person.
SearchGold Resources is a Canadian based mining exploration company whose primary mission is to target, explore and develop diamond and gold deposits in Africa and in Canada. SearchGold's project strategy maximizes its experience and resources, and supports the company's commitment to strengthen shareholder value. Find out more about SearchGold Resources by visiting
www.searchgold.ca
Shares issued: 50,079,814
FOR FURTHER INFORMATION PLEASE CONTACT:
SearchGold Resources Inc.
Maurice Giroux
President
(514) 866-4224
info@searchgold.ca
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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