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Market: TSX-V
Sector: General Mining - Gold
EPIC: GOD
Latest Price: C$0.08  (6.67% Ascending)
52-week High: C$0.19
52-week Low: C$0.06
Market Cap: C$11.15M
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Goldrush Resources
www.goldrushresources.ca

Goldrush Resources Ltd. is a  junior mineral resource exploration company. It is exploring for gold in the West African country of Burkina Faso where it holds 5 highly prospective permits covering 922 sq. km. The Company's permits are all located within the West African Birimian Greenstone Belts having a prolific history of gold production in this area of the world.

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Goldrush reports results from phase 2 drilling at Ronguen in West Africa; intersects 7.63g/t Au over 15m

26th Oct 2010, 8:30 am

Goldrush Resources (TSX-V:GOD) has reported its first assay results from the phase 2 reverse circulation drilling and trenching program at the company's Ronguen gold deposit in Burkina Faso, West Africa, with intersections hitting 7.63g/t gold over 15 metres.

Highlights of the drilling include RC hole KGRR010-096, which encountered multiple intersections of visible gold mineralization, including 7.63 g/t gold over 15 metres and 3.17 g/t gold over 22 metres. Hole KGRR010-096 is located on the eastern grid on section 970E, near the northern limit of the current grid system.

The company said that based on visual observations at the time of drilling, it decided to immediately follow-up the hole with a second,  KGRR010-099, located approximately 22.5 metres farther north on the same drill section. Results for the second hole are still pending, Goldrush said.

In addition, hole KGR010-070 intersected 1.0 g/t gold over 25 metres, including 2.15 g/t gold over 3 metres and 1.57 g/t gold over 8 metres, and hole KGRR010-077 returned 1.02 g/t gold over 17 metres. According to Goldrush, these results confirm the presence of gold mineralization at vertical depths of up to 111 metres.

The Phase 2 drill program included 37 reverse circulation drill holes for a total of 3,396 metres and three trenches totaling 360 metres. Drilling was done to extend the Ronguen Main Zone deposit to a depth of 120 metres vertically and along strike to the west, as well as to upgrade some sections of the deposit from the inferred to the indicated category.

Eighty metres was the vertical limit of the Ronguen mineralized zone as defined in the latest mineral resource estimate report by SRK Consulting, which calculated 5.90 million tonnes containing 249,000 inferred ounces of gold at an average grade of 1.3 g gold/tonne.

Based on results to date, a rotary air blast drill (RAB) has been contracted to continue drilling after the current program has been completed. The RAB drill will be used for exploratory drilling on new targets on the Ronguen deposit and on other permits controlled by Goldrush, it said.

An updated resource estimate is planned once results have been received from both the drilling and trenching program.

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