Goldrush is a Canadian mineral exploration company focused on gold exploration in West Africa, where the company has discovered, and is currently expanding and defining the 249,000 ounce inferred resource at the Ronguen gold deposit in Burkina Faso.

Among the highlights of the drilling results, in hole KGRC11-036, the company encountered 6.92 grams per tonne (g/t) gold over 8.9 metres, including 12.8 g/t gold over 1.2 metres and 16.3 g/t gold over 1.0 metre; hole KGRC11-041 found 1.90 g/t gold over 12.9 metres and hole KGRC11-040 returned 1.30 g/t gold over 14.2 metres, including 1.99 g/t gold over 7.5 metres and 1.12 g/t gold over 6.2 metres.

The Ronguen Gold Deposit is located on the Kongoussi 1 and Tikare permits, which are located only six kilometres northwest of the High River Gold Mines (TSE:HRG) Bissa Deposit.

Goldrush president and CEO, Len Brownlie, said: "We are very excited by the discovery of a new style of high grade gold mineralization at Ronguen.

"The utility of the new geophysical model as a tool to help direct future exploration at Ronguen has been enhanced by its strong correlation with recent favourable drilling results, including the most recent high grade assays noted in hole -036.

"On a recent site visit, we observed successful artisanal mining activity at the hill site two kilometres east of the collar of hole -036 on the newly interpreted strike extension of the South Zone. A program to test this extension will begin in early March as we continue exploration of this very promising gold deposit."

Core hole KGRC11-036 was drilled on line 530E of the South Zone, an interpreted parallel shear zone/thrust fault in the hanging wall of the Main Zone at the Ronguen deposit.

Hole KGRC11-036 is the most southerly and deepest hole drilled on the South Zone and was designed to test the down dip potential of the lower grade gold mineralization encountered in reverse circulation hole KGRR-130 (3.62 g/t gold over 6 metres at a depth of 40.1 metres) and hole KGRR-152 (1.70 g/t gold over 7 metres at a depth of 32.4 metres).

Partial assays from hole -036 have led to the high grade intersection at a vertical depth of 59.6 metres. The gold intercept in hole -036 is open up-hole and Goldrush is awaiting assay results from this portion of the core, it said.

Gold mineralization in hole -036 represents a style of mineralization that had not been recognized at Ronguen, Goldrush said, and is therefore an attractive target for follow-up drilling.

A recent three dimensional modelling of existing data covering the eastern part of the Ronguen gold deposit has revealed four parallel, easterly striking high resistivity anomalies to a depth of 300 metres.

The two central resistivity high bodies are coincident with the gold mineralization found in the Ronguen Main and South zones, while the northern structure has not been drill tested. If further work confirms that the most northern structure is mineralized, then it would present an important new target for exploration at the Ronguen deposit, the company said.

Goldrush is a Canadian mineral exploration company focused on gold exploration in West Africa, where the company has discovered, and is currently expanding and defining the 249,000-ounce Ronguen gold deposit in Burkina Faso.

The targets were discovered after recent investigations including mapping, rock sampling and structural interpretation at four previously identified gold-bearing areas at Ouavousse.

A 2,800-metre reverse circulation drilling program was started at Ouavousse on Monday.

Goldrush president and CEO, Len Brownlie, said: "The decision to immediately drill several highly prospective targets on Ouavousse comes as a direct result of recent site visits conducted by Goldrush exploration staff who have collected rock samples with favourable gold values from well established artisanal mining sites.

"On our most recent visit on November 24, we observed over 250 artisanal workers mining gold bearing quartz veins that appear to have significant size potential. This combination of favourable geology, structure and apparent width and strike length have caused us to accelerate exploration of this permit.

"Our exploration team, led by chief geologist John Learn and vice president Driff Cameron have been exceptionally busy and will have organized drill programs totaling 23,000 metres on six Goldrush permits during the fall 2011 drilling campaign. All of these programs will be completed by year-end and assay results from these programs will provide a steady flow of news into the new year."

The Ouavousse permit is immediately west of, and crossed in part, by the interpreted corridor of the Markoye Fault, a major north-northeast trending structural zone and possible Porcupine-Destor Fault analogue, which has been traced for over 400 kilometres in Burkina Faso.

A number of substantial gold deposits, two of which have been brought into production - Taparko in 2007 and Essakane in 2010 - are associated with the Markoye corridor, as are other deposits and occurrences.

Goldrush said that the main Ouavousse and OTR-1 trench areas, where the company encountered 1.58 grams per tonne (g/t) gold over 5 metres in 2007, occur immediately adjacent to the Markoye Fault on related oblique structures.

A 300-metre long artisanal mining site has developed within the last two years at the OTR-1 site, as well as two main artisanal site trends of 400 metres (North trend) and 600 metres (South trend), located 700 metres on strike to the southwest.

The total potential strike length of this structure appears to be at least 1,700 metres.

The North trend provided eight grab samples, which ranged as high as 7.13 grams per tonne (g/t) of gold and averaged 3.02 g/t gold.  Ten samples from the auriferous South trend gave values ranging from 0.99 to 0.01 g/t gold, averaging 0.39 g Au/t.

In 2009, the Ouavousse permit was extended to the north to include two orpailleur areas. In addition, the Poessin area of four mineralized artisanal mining sites, all with shafts in excess of 30 metres deep, is located approximately seven kilometers northwest of the Ouavousse/Markoye area occurrences.

Goldrush is also currently expanding and defining the 249,000 ounce (inferred resource of 5.9 million tones at a grade of 1.31 g/t gold) Ronguen gold deposit in Burkina Faso.

Wednesday morning, Goldrush shares were flat at $0.13.

The property, adjacent to the eastern border of the Yaramoko permit held by Roxgold (CVE:ROG), rests 185 kilometres west southwest of Ouagadougou.

The 6,500-metre RAB drilling program is a follow-up on the recent discovery of two gold anomalies detected in 400-metre by 200-metre soil sampling, the company said in a statement.

In the southwest corner, and in the northwest to north central area of the permit, soil sampling partly defined two anomalies of more than 13 parts per billion (ppb) gold, which contained 11 anomalous gold values, with individual high values up to 504 ppb.

Goldrush said the southwest anomaly had been traced over a north-south distance of 1,600 metres and an east-west range of 1,400 metres to the Pompoi-Yaramoko permit boundary. The anomalous area is 2.9 kilometres due east of Roxgold's recent Baggasi Central 55 Zone high grade gold discovery, the company said.

According to October news releases from Roxgold, diamond drilling on the 55 Zone intersected strong mineralization, including 53.56 grams per tonne (g/t) gold over eight metres in hole YRM-11-DDH-021.

Further, a single soil sampling assay of 903 ppb gold was found next to the Pompoi-Yaramoko permit boundary, about 700 metres north of Goldrush’s southwest gold-in-soil anomaly.

Meanwhile, the northwest anomaly on Pompoi covers a north-south distance of 2,000 metres and an east-west range of 1,400 metres, and is 2 kilometres east of the Pompoi-Yaramoko permit boundary.

Goldrush, a Vancouver-based mineral explorer, concentrates on gold exploration in West Africa where the company is currently expanding and defining the Ronguen gold deposit in Burkina Faso. The deposit has an inferred resource of 5.9 million tonnes, grading 1.31 grams per tonne of gold.

Highlights of the results included 2.16 grams per tonne (g/t) gold over 25 metres, and 1.35 g/t gold over six metres, in hole KGRR11-182. Hole KGRR11-183 intersected 2.24 g/t gold over 12 metres, while KGRR11-196 found 2.24 g/t gold over 12 metres.

Other notable results included hole KGRR11-181, which intersected 0.8 g/t gold over 20 metres, and 1.53 g/t gold over 14 metres. Meanwhile, hole KGRR11-185 found 1.23 g/t gold over 17 metres, while hole KGRR11-176 returned 1.27 g/t gold over 15 metres.

All of the above intersections were drilled in the eastern or far eastern half of the G1 grid, the eastern of two overlapping grids at the deposit.

The holes were collared within an east-west distance of up to 312 metres of each other, in order to define and upgrade the oxide portion of the gold mineralization.

Goldrush is preparing to update its resource estimate for the property, expected for completion in the first quarter of 2012.

In addition to the eastern holes, Goldrush drilled four holes on the South Zone of the property, where hole KGRR11-189 intersected 1.4 g/t gold over 11 metres, and hole KGRR11-192 returned 1.55 g/t gold over eight metres.

These holes, each of which intersected mineralization within 28 metres of surface, will be included in the update, Goldrush said.

President and CEO, Len Bownlie commented: "With 45% of the RC drilling assays from Ronguen now received, we are very encouraged that we will have a significant upgrade in both the classification and size of the Ronguen resource."

The Vancouver, B.C.-based company said both RC and core rigs are currently active at the property, where a 1,285-metre trenching program will begin shortly. It also said it plans to complete another phase of drilling throughout the property by the start of the holiday break.

The drill program includes up to 1,000 metres of core and RC drilling on the Salbo permit, 6,500 metres of rotary air-blast (RAB) drilling on the recently-acquired Pompoi permit, and up to 3,500 metres of RAB drilling on the Rima permit.

The Ronguen gold deposit, which currently has 249,000 ounces of inferred resources, is located within the northeastern part of the highly prospective Birimian age Boromo greenstone belt in Burkina Faso.

The property, adjacent to the eastern border of the Yaramoko permit held by Roxgold (CVE:ROG), rests 185 kilometres west southwest of Ouagadougou.

Goldrush said it plans to carry-out phase one exploration this November, which will include geological mapping, prospecting and close-spaced soil sampling which will help to define future targets.

This program is a follow-up to the recent discovery of two gold anomalies detected in 400 by 200 metre soil sampling, the company said in a statement.

In the southwest corner, and in the northwest to north central area of the permit, soil sampling partly defined two anomalies of more than 13 parts per billion (ppb) gold, which contained 11 and eight anomalous gold values, respectively, with individual high values up to 504 and 209 ppb.

Goldrush said the southwest anomaly had been traced over a north-south distance of 1,600 metres and an east-west range of 1,400 metres to the Pompoi-Yaramoko permit boundary. The anomalous area is 2.9 kilometres due east of Roxgold's recent Baggasi Central "55 Zone" high grade gold discovery, the company said.

Meanwhile, the northwest anomaly covers a north-south distance of 2,000 metres and an east-west range of 1,400 metres and is 2 kilometres east of the Pompoi-Yaramoko permit boundary.

The company said that closer spaced data is required to better define the orientation of the anomalous trend, or trends.
Additionally, eight separate anomalies, each composed of two adjacent samples that could represent elevated bedrock gold mineralization with strike lengths of up to 800 metres, have been documented.

Further, a single soil sampling assay of 903 ppb gold was found next to the Pompoi-Yaramoko permit boundary, about 700 metres north of Goldrush’s southwest gold-in-soil anomaly.

Goldrush, a Vancouver-based mineral explorer, concentrates on gold exploration in West Africa where the company is currently expanding and defining the Ronguen gold deposit in Burkina Faso. The deposit has an inferred resource of 5.9 million tonnes grading 1.31 grams per tonne of gold.

The 8,890 drill program consists of 1,725 metres of core drilling in 15 holes, and 7,165 metres of reverse circulation drilling in 94 holes.

In May 2008, the deposit was estimated to host an inferred resource of 5.9 million tonnes, at a grade of 1.31 grams per tonne (g/t) of gold, containing 249,000 ounces of gold.

Since that time, the West Africa-focused company has drilled 2,443 metres of core drilling, 7,661 metres of reverse circulation drilling, 315 metres of trenching, and around 7,300 metres of rotary air blast drilling. This, combined with the new fall program announced today, will form the basis for a new resource estimate, and an economic report on the project.

"Our experienced geological team is determined to move the Ronguen project towards a production decision,” said Chief Executive, Len Brownlie.

"While Goldrush is first and foremost a gold exploration company, management is very motivated to leverage the current gold price and uniform nature of the oxide resource at Ronguen into a production scenario that could provide significant cash flow, and finance future exploration programs without the need for additional shareholder dilution.”

The company’s goal for the new fall program is to advance gold mineralization from the inferred to the indicated category and to expand the deposit through exploratory drilling on the east, north and west margins of the deposit.

Further, Goldrush is looking to follow-up on previous intersections of 2.14 g/t gold over four metres from drill hole KGRR011-135, as well as 7.72 g/t gold over six metres in drill hole KGRB-007-151B, about 430 metres west of the currently-defined western limit of the deposit.

Additionally, selected targets on the company's other high-priority exploration permits will be drilled, including at least 1,000 metres of core drilling on the company's Salbo permit, where shallow, rotary air blast drilling earlier this year intersected 1.74 g/t gold over eight metres in hole SLBB11-023 and 2.12 g/t gold over six metres in hole SLBB11-030.

Development of a gold resource at Salbo, which is located less than 40 kilometres south of Ronguen, would likely enhance the viability of an operation at Ronguen, Goldrush said in a statement.

SRK Consulting, which completed the current resource estimate, has completed its preliminary fieldwork and will provide a resource update following the completion of the autumn drill program at Ronguen.

Mineralized samples of the deposit have been selected for preliminary metallurgical testing, and the company said discussions are already underway with several consulting companies to provide an environmental scoping study for the Ronguen deposit.

The impetus behind this work is to suss-out the economic viability of a mining project at Ronguen, consisting of a conventional open pit mine, providing near-surface oxide gold mineralization that is delivered to an onsite processing facility.

Goldrush plans to finish a preliminary feasibility study prior to the end of second-quarter 2012, followed by a full feasibility study.

The sampling was concentrated on two grids of the permit, with one anomaly extending to Roxgold and Riverstone Resources' Yaramoko permit boundary, while the other anomaly is within two kilometres of the Yaramoko area.

Assays received to date define two areas of more than 13 parts per billion (ppb) of gold, in the southwest corner of the permit and in the northwest to north central area, which contain eleven and eight anomalous values, respectively.

Individual values ranged to as high as 504 ppb and 209 ppb, respectively, the company said. Of 894 soil samples submitted for testing on both anomalies, 59 returned values of greater than 13 ppb gold, and of those, 23 had values of greater than 21 ppb gold.

The southwest anomaly can be traced over a north-south distance of 1,600 metres and an east-west distance of 1,400 metres to the Roxgold Yaramoko permit boundary.

Meanwhile, the northwest anomaly spans a north-south distance of 2,000 metres and an east-west distance of 1,400 metres.

Goldrush said that closer-spaced data will be required to better define the orientations of the clusters of anomalous values. Its geochemical sampling program involved sampling at 200 metre intervals, along east-west lines that were spaced 400 metres apart, and has covered only 30% of the permit.

The company also said that the anomalous values found could represent areas of elevated bedrock gold mineralization, with strike lengths of up to 800 metres.

According to Goldrush, a technical report from last year on the Yaramoko permit suggests that the mineralized structures at that site may trend easterly onto Pompoi.

Roxgold reported in April that at the Bagassi Central site on the Yaramoko property, 24.62 g/t gold was intersected over 6 metres in hole YMR-10-RC-036, along with 28.61 g/t gold over 20 metres in hole YMR-11-RC-055.

In Goldrush's sampling program, it said that a total of 50 control samples, including 35 blanks and 15 standards, were inserted in the sample stream for quality control.

A program to follow-up and extend the sampling results is planned, the company said, including more detailed soil sampling, mapping and geophysics - set to start as soon as possible.

Goldrush is a Canadian mineral exploration company focused on West Africa, where the company has discovered, and is currently expanding and defining the 249,000 ounce inferred resource at its Ronguen gold deposit in Burkina Faso

The Canadian explorer will pay a total of C$177,083 in cash, plus 70,000 shares in consideration for the permits, which cover approximately 667 square kilometres across the northwest, west and southern regions of Burkina Faso, located in the western portion of Africa.

The 250 square kilometre Rima permit, located in central Burkina Faso, overlies a portion of the Boromo greenstone belt. Its eastern border is on strike with an open pit gold mine, owned by Cluff Mining.

Cluff's Kalsaka mine hosts gold mineralization in narrow shear zones. Structural mapping indicates the deposit runs west southwest - towards the Rima permit.

At the end of 2010, the Kalsaka mine had an estimated 186,000 ounces of proven and probable gold reserves, along with 216,000 ounces of measured and indicated gold resources, and 157,000 ounces of inferred gold resources.

Meanwhile, the Pompoi permit, which measures 232 square kilometres, overlies the eastern edge of the north trending Hounde greenstone belt, and is adjacent to the eastern border of Riverstone Resource's and Roxgold's Yaramoko permit.

Reverse circulation drilling at Yaramoko intersected 28.61 grams per tonne (g/t) gold over 20.0 metres in hole YMR-11-RC-055, located one kilometre from the Pompoi permit boundary.

The third acquired permit, the 56 square kilometre Midebdo permit, is located immediately to the west of the Tiopolo permit, owned by Ampella Mining, which hosts the Konkera gold deposit on the western side of the Boromo greenstone belt.

Ampella released indicated resources of 1.18 million ounces, and inferred resources of 1.04 million ounces of gold earlier this year. This resource remains open along strike and at depth, making the northeastern quadrant of Goldrush's Midebdo permit, which runs along strike of the Konkera-hosting trend, a priority.

Lastly, the Ouraba permit, measuring 129 square kilometres in size, is bordered by Volta Resources' Malba permit to the west, and Ampella's Donko permit to the south, where significant gold-in-soil anomalies have been found. It overlies the eastern side of the Boromo greenstone belt.

Cameron has acted as an advisor and director of Goldrush since its introduction to Burkina Faso in 2006, and has been involved in exploration in that country for over 15 years. 

Cameron, who graduated with a B.Sc. in Geology from Acadia University, in Nova Scotia, started on July 1, and will be based at the company’s Toronto office.

In his new role, Cameron will lead the company's exploration team that includes newly appointed Burkina Faso-based Chief Geologist John Learn, four other full-time geologists and a staff of 16 local employees. 

The team is aiming to accelerate the development of the company’s flagship Ronguen gold deposit, to advance Goldrush's other exploration properties and to acquire more advanced-stage exploration properties in West Africa. 

Cameron has previously worked for ASARCO Exploration Company of Canada, Gold Fields Canadian Mining, Geologic Associates and High River Gold Mines. 

He played a lead role in the teams responsible for the discovery of High River’s Taparko gold deposit in Burkina Faso, the Dunlop #3 gold deposit of the New Britannia Mine in Manitoba and the Springpole gold deposit in Ontario. 

"With an exploration focused company like Goldrush, it is the quality of the exploration staff that will determine the success of the company,” said Goldrush’s president and CEO, Len Brownlie.

“Given the combined track record of gold deposit discoveries made by Driff and members of his team, we look forward to a very exciting future for Goldrush and its shareholders."

Goldrush, which is focused on gold exploration in West Africa, will trade in the US under the symbol “GDRRF” as of today.

The OTC Markets Group (OTCQX: OTCM), a financial information and technology services company, provides real-time stock quotes electronically as a platform for broker-dealers to trade unlisted stocks.

Berns & Berns, Counsellors at Law, will serve as Goldrush's "Principal American Liaison" on the OTCQX, and is responsible for providing guidance on OTCQX requirements.

Canada-based Goldrush Resources is presently expanding and defining the Ronguen gold deposit in Burkina Faso, where it holds eight prospective permits covering a radius of 1,340 square kilometres.

The company sold 21.2 million units at a purchase price of $0.16 per unit.

Each unit consists of one common share and half of one non-transferable share purchase warrant. Each full warrant gives the holder the right to purchase an additional common share at a price of $0.21 for the duration of 18 months from closing.

The private placement was fully subscribed, the company said.

Net proceeds will fund continued drilling and development at the company’s 249,000 ounce Ronguen gold deposit in Burkina Faso, West Africa, and go toward financing other high priority projects.

The profits will also be used to acquire more properties and for working capital purposes.

Finder’s fees and warrants have already been paid in connection with part of the financing.

Separately, the gold explorer also said that its 10,300 meter reverse circulation (RC) drill program in Burkina Faso was completed this month, and awaits results from 84 holes drilled on the Kongoussi, Tikare, Liki and the Nakiambouri and Gonaba Est permits.

As follow-up work, Goldrush has entered into contracts to drill a further 10,000 meters of RC drilling and 8,000 meters of core drilling during the third quarter.

Highlights of the reverse circulation drilling include 2.60 g/t gold over 12 metres in hole KGRR011-129; and 1.93 g/t gold over 12 metres in hole KGRR011-123.

Grades in the mineralized interval In hole 129 ranged from 0.4 g/t to 6.03 g/t gold, while grades ranged from 0.74 g/t to 4.11 g/t gold in hole 123.

Other notable results included 1.31 g/t gold over 15 metres in hole KGRR011-122; and 1.14 g/t gold over 14 metres, 1.04 g/t gold over 12 metres and 2.29 g/t gold over 7 metres in hole KGRR011-124.

The company said the results from the North Zone gold mineralization will be used to upgrade the 2011 resource estimate at Ronguen, which currently hosts 249,000 inferred ounces of gold.

Goldrush also said that because of significant delays at the testing lab, the company is still awaiting reverse circulation drill results from an additional seven holes drilled on the same grid, as well as a number of holes completed on other target areas on the two permits that host the Ronguen deposit.

The drilling is part of the company's ongoing 10,000 metre program at the project. An additional 10,000 metres of reverse circulation drilling, and a further 8,000 metres of core drilling, is planned for the third quarter.

The offering will now consist of up to 21.25 million units at a price of $0.16 per unit.

Each unit consists of one common share and one half of one share purchase warrant, with each full warrant entitling the holder to purchase an additional common share at a price of $0.21 for a period of 18 months from closing.

Net proceeds will be used to fund the continued drilling and development of the company's 249,000 ounce Ronguen gold deposit in Burkina Faso, West Africa, as well as other properties in the region. Funds will also be used to finance the acquisition of additional projects.

The financing, including the payment of any finder's fees, is subject to the approval of the TSX Venture Exchange.

In his new role, Learn will oversee Goldrush's ongoing exploration programs in Burkina Faso, West Africa, with particular emphasis on the company's main Ronguen gold deposit.

Most recently, Learn served as exploration manager for Iamgold's Mali operations, after having been chief geologist for High River Gold Mines from 2004 to 2009. In the latter position, he was involved in the advancement of the Bissa gold deposit and the discovery of Goldrush's Ronguen property.

Previously, Learn held prominent geologist roles for Areva, Orezone Resources, and Channel Resources, where he was critical in the discovery of numerous gold deposits in West Africa.

Prior to these roles, he worked with Cogema Canada as district geologist, responsible for uranium and gold exploration projects in Saskatchewan, Ontario, Quebec and Nunavut.

The offering will consist of up to 12.5 million units at a price of $0.16 each.

Each unit will comprise one common share and one half share purchase warrant, with each full warrant entitling the  holder to purchase an additional common share at price of $0.21 for a period of 18 months from closing.

The company said the proceeds of the financing will mainly be used to finance continued drilling and development at its Ronguen gold deposit in Burkina Faso, West Africa as well as at its other properties in the region.

The Ronguen Main Zone was estimated to contain 249, 000 ounces of gold in the inferred category, in early 2008. The company is now awaiting drill results from various targets on the gold deposit.

The new funds will also be used to acquire additional properties and for working capital purposes.

Current insiders of the company may participate in the financing, which remains subject to the approval of the TSX Venture Exchange, Goldrush said.

The drill program consisted of 85 shallow, rotary air blast drill holes completed in February on the company's Kongoussi and Tikare permits, which host the 249,000 ounce Ronguen gold deposit. The drilling campaign was designed to test for extensions of the deposit and to find further targets.

Highlights of the results include 3.92 g/t gold over 10 metres, including 9.38 g/t gold over 4 metres in hole KRB11-0341; 2.86 g/t gold over 6 metres in hole KGRB11-0338; 0.62 g/t gold over 12 metres in hole KGRB11-0329; and 1.28 g/t gold over 4 metres in hole KGRB11-0331.

The company said the results extended the mineralization of the Ronguen deposit up to 180 metres north, with the new zone remaining open laterally and to depth.

Based on the encouraging results, additional reverse circulation drill hole locations have been planned on the new North Zone, with target depths of up to 80 metres to allow the mineralization to be easily included into an upgraded 2011 Ronguen resource estimate.

To date, Goldrush has drilled 3,900 metres of a planned 9,600 metre program on the Ronguen deposit and surrounding permits, which began in mid-March.

The three trenches, which totaled 315 metres in length, were excavated on the northern limits of the G1 grid that covers the eastern portion of the deposit.

The easternmost trench, TR-1380E, which was excavated for 104 metres, intersected two significant gold zones, said the company.

The first zone assayed 0.90 g/t gold over 15.2 metres in the south end, and the second zone, in the northern portion of the trench, assayed 1.45 g/t gold over 22.8 metres, including 2.09 g/t gold over 10.8 metres.

Meanwhile, the company also intersected 2.99 g/t gold over 3.4 metres in trench TR-1340E, which was excavated for 200 metres and is located 40 metres to the west of TR-1380E.

Goldrush said these results confirm that signficant gold mineralization could occur to the east of the currently drilled portion of the deposit, meaning this area will be a high prority target for the company in the upcoming 54-hole reverse circulation drill program.

Last November's drilling program consisted of 98 holes totaling 4,023 metres, and tested targets at the margins of the Ronguen gold deposit.

The hole, KGRR010 - 105 returned 6.72 g/t gold over 8 metres in an altered, pyritized diorite cut by quartz veinlets, which is centred at the transition between saprolite and fresh rock at a vertical depth of 44.50 metres, the company said.

"This drill hole cut an area of mineralization that is open to the west and is on trend of a number of areas of elevated soil and rock geochemistry and artisanal mining sites that extend up to 12 kilometres to the west of the Ronguen gold deposit," it added in a statement.

Goldrush also intersected 32.95 g/t gold over 1 metre in RC hole KGR010-102, which is located on the adjoining section 40 metres to the east of hole KGRR010-105.

Further reverse circulation drilling is planned in December and January for the area to the west of hole 105, Goldrush said, and exploration will continue along the 12 kilometre trend to the west.

The company is still waiting for results from three trenches on the northeastern border of the G1 grid, as well as from a 4,000 metre RAB drilling program that tested new targets on the two permits that host the Ronguen deposit.

Goldrush was up more than 2% on Wednesday, trading at $0.23 as of 1:40pm EST.