SearchGold acquires two new gold permits

SearchGold Resources Inc., a Canadian-based mining exploration company, involved to explore and develop gold deposits in Africa, has acquired two news exploration permits for gold in Burkina Faso in West Africa.

The new permits, Dou and Taouremba, covering a total of 452 km2 surface area, are located in the Sanmatenga and Seno provinces, approximately 300 km north of Ouagadougou, Burkina Faso’s capital.

SearchGold has obtained total interest in both properties though direct application with the Ministry of Mines of Burkina Faso.

Both the permits, Dou, with surface area of 241 km2 and Taouremba, with surface area of 211 km2, are directly accessible by road.

The geology of Burkina Faso, which is very prospective for gold, is characterised by the presence of birimian greenstone belts recognised for their auriferous potential.

SearchGold’s two new permits are located on the regional structure transecting the permits of the Inata project and show a similar geological context highlighted by structural features such as faults and major shear zones.

Moreover, these two new permits are located on a volcano sedimentary sliver between the Essakan deposit (probable reserves of 4.5 Moz Au : 46.4 Mt @ 1.78 g/t Au), Taparko and Kalsaka (proven and probable reserves of 0.3 Moz Au : 5.1 Mt @ 2.00 g/t Au, measured resources of 0.3 Moz Au : 6.2 Mt @ 1.70 g/t Au, indicated resources of 0.3 Moz Au : 5.9 Mt @ 1.5 g/t Au).