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Market: TSX-V
Sector: General Mining - Gold
EPIC: GOD
Latest Price: C$0.08  (0,00%)
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 prepares exploration program on three new gold permits in West Africa

16th Feb 2011, 9:03 am

Goldrush Resources (CVE:GOD) announced Tuesday the planned exploration program for its three newly optioned gold permits in Burkina Faso, which have significantly extended the company's footprint in the area.

The first two adjacent permits, Nakiambouri and Gonaba-Est, which will be the priority of the exploration program, are located in south-eastern Burkina Faso and together have a surface area of more than 300 sq kilometres.  They lie along the northeast extension of the Youga Greenstone Belt, approximately 100 kilometres northeast of Endeavour Mining's (TSX: EDV) Youga Gold Mine.

The Gonaba-Est permit is also contiguous with the north boundary of  Mt. Isa Metals' Yactibo project that hosts a new gold discovery approximately 25 kilometres to the south. 

Both the Nakiambouri and Gonaba-Est permits are home to a number of long-term artisanal mining sites, including the two kilometre long Hong Kong site, which was worked by over 100 orpailleurs since 2002, and the PK-60 site, where 200 gold workers are currently active.

The company said it plans a program of detailed mapping and rock sampling on these permits, followed by ground geophysics surveys and reverse circulation drilling.

The third permit, Liki, which has a surface area of 180 sq kilometres, is located in the north central region along the Bouroum-Yalgo Greenstone Belt that hosts High River Gold Mines' (TSX:HRG) Taparko Gold Mine.  At Liki, artisanal miners are extracting gold over a strike length of at least 400 metres.

Goldrush will begin a 1,000 metre reverse circulation drill program at the main Liki artisanal site as part of the 5,000 metre drill program scheduled to begin the third week of February at the company's Ronguen Deposit.

With the additional three permits, the company now has eight prospective permits that cover 1,330 square kilometres of West African Birimian Greenstone Belts, the host of six operating gold mines.


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