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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 Resources reports further results from Ronguen gold deposit in West Africa

5th Nov 2010, 11:28 am

Goldrush Resources (TSX-V: GOD) said Thursday it received further results from the drilling and trenching program at the company's Ronguen gold deposit in Burkina Faso in West Africa, with intersections of 1.11g/t gold over 8 metres.

The results, which form part of the phase 2 reverse circulation drilling and trenching program, are comprised of six South Zone holes and eight holes on the Western G2 grid of the Main Zone.

Highlights from the South Zone include intersections of 1.11 g/t gold over 8 metres at a vertical depth of 20.5 metres, and 1.14 g/t gold over 7 metres at a vertical depth of 12.4 metres.

“We are particularly encouraged by the near–surface South Zone drill intercepts as this is a previously undrilled area that is a zone of mineralization subparallel to, and approximately 200 metres south of the Ronguen Main Zone," said president and CEO Len Brownlie.

"Four of the six initial holes encountered shallow gold mineralization at depths of six to 37 metres vertical from surface.”

The company said the South Zone was not included in its 2008 mineral resource estimate, but future estimates will consider the zone.

Drilling at the Main Zone returned results of 3.48 g/t gold over 5 metres (including 12.4 g/t gold over 1 metre); 1.96 g/t gold over 7 metres (including 3.77 g/t gold over 1 metre and 3.62 g/t gold over 1 metre); and 1.11 g/t gold over 10 metres (including 3.67 g/t gold over 1 metre).

The purpose of the eight Western Grid holes was to test the Ronguen Main Zone deposit gold mineralization down dip to the south from 80 to 120 metres vertical. 

Goldrush said the results confirmed the extension of gold mineralization down-dip to the south to depths of up to 112 metres, vertical in four of five holes drilled.

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

An updated resource estimate will be completed once this year's results are fully analyzed.

In 2008, the mineral resource estimate at the project was 5.90 million tonnes, containing 249,000 inferred ounces of gold at an average grade of 1.3g/t gold.

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