SearchGold Reports More Solid Drilling Results From the Bakoudou Gold Project in Gabon.MONTREAL -- SearchGold Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:RSG RSG Revenue Support Grant (UK) RSG Recovery Storage Group (Microsoft Exchange) RSG Ready, Set, Go! RSG Regional Support Group RSG Research Study Group (NATO) ) 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 bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. Feasibility Study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. 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 pre·sum·ing adj. Having or showing excessive and arrogant self-confidence; presumptuous. pre·sum ing·ly adv. 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 metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, intervals in the mineralize min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zones. Quality control comprises 10% duplicates and inclusions of blanks and standards. The samples are flown to SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions LAKEFIELD RESEARCH AFRICA (PTY Pty Austral & S African Proprietary ) 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 visitingwww.searchgold.ca Shares issued: 50,079,814 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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