RSG Searchgold Resources Inc.

SearchGold Resources Inc. (the "Company" or "SearchGold") (TSX VENTURE:RSG) is
pleased to announce details of its exploration program on its Mandiana project
in Guinea, West Africa.  Previous exploration on the Mandiana project included
termite mound geochemistry, geological mapping and rock sampling, 45 line
kilometres of Induced Polarization ("IP") geophysics and 4,300 metres of RC
drilling.  


The Mandiana property is underlain by Pre-Cambrian Birimian volcano-sedimentary
rocks which host most of the gold deposits in West Africa.  Previously
delineated targets of merit include the Fadaninda, N'Diambaye, Karfakolo,
Kodierani-Stockwerk and the Intercolonial grid.  With the exception of the
Fadaninda target, the majority of the Mandiana project is covered with up to 10
metres of laterite with occasional outcrops.  In most of these areas, surface
samples are not representative of possible underlying mineralization hence
sampling techniques to obtain reliable sub-surface data must be applied. 


2012 Exploration Program 

Fadaninda: The Fadaninda anomaly has been delineated over a strike length of
about 1 kilometre with coincident anomalous gold values in termite mound
samples, IP anomalies and anomalous gold values in artisanal pits.  The
Fadaninda IP anomaly is open to the north and to the south. 


During 2012 the Fadaninda gold bearing structure will be evaluated with a series
of trenches excavated to saprolite (weathered bedrock) normal to its strike
direction.  Geological mapping and horizontal chip channel sampling of the
saprolite will be carried out in each trench.  


Kodierani-Stockwerk: The positive drill hole and trench on this target coincide
with the IP anomaly interpreted from the last ground geophysical survey on
N'Diambaye. 


During 2012 this IP anomaly will also be evaluated with a series of trenches
normal to IP trend and excavated to saprolite (weathered bedrock).  Geological
mapping and horizontal chip channel sampling of the saprolite will be carried
out in each trench. 


Karfakolo: The Karfakolo gold bearing structure lies under thick laterite cover.
 Sampling of the numerous artisanal pits, dug into the saprolite, will be
carried out to further evaluate the gold bearing structure. 


The 2012 exploration program is being carried out under the supervision of Mr.
Moussa Keita, PhD., P.Geo. Mr. Keita is the current Vice-President Exploration
of the company. 


Mining Title Risks 

The Company's Mandiana exploration licences are currently in their second
renewal stage and are valid until Q3-2012.  In accordance with the Mining Code
of Guinea, SearchGold will be required to apply for a one year extension to
prepare and submit the required documentation to convert selected portions of
the property into exploitation licences. There is no assurance that the company
will be granted such extension or, if granted the company will be able to
maintain the licenses beyond the extension period. 


SearchGold will evaluate all opportunities, including joint venture
opportunities, in order to fully capitalize on the exploration potential of the
Mandiana Project. 


About SearchGold Resources:  

SearchGold is a Canadian-based mining exploration Company whose primary
objective is to target, explore and advance precious and base metal properties
of merit in Africa.  The Company currently has mineral interests in Burkina Faso
and Guinea.  In addition SearchGold holds negotiable securities in several
public entities as well as a 0.75% net smelter royalty in a near production gold
deposit in Gabon. 


Except for statements of historical fact contained herein, the information in
this press release may constitute "forward-looking information" within the
meaning of Canadian securities law. Other than statements of historical fact,
all statements are "forward-looking statements", including statements concerning
the joint venture and the Company's African projects and its involvement
thereof, such factors and/or events involve various known and unknown risk and
uncertainties and other factors, such as market conditions. There can be no
assurance that such statements will prove accurate. Results and future events
could differ materially from those anticipated in such statements. Readers of
this press release are cautioned to not place undue reliance on these
"forward-looking statements". Except as otherwise required by applicable
securities statutes or regulation, SearchGold expressly disclaims any intent or
obligation to update public forward-looking information, whether as a result of
new information, future events or otherwise.

Searchgold Resources Inc. (TSXV:RSG)
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부터 5월(5) 2024 으로 6월(6) 2024

Searchgold Resources Inc. (TSXV:RSG)
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부터 6월(6) 2023 으로 6월(6) 2024