Additional Information
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
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
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.

Pdf

Goldrush reports near surface gold mineralization at Salbo

31st Mar 2011, 4:06 pm by Deborah Sterescu

Goldrush Resources (CVE:GOD) said Wednesday that rotary air blast (RAB) drilling at its Salbo permit in Burkina Faso has confirmed the presence of significant near-surface gold mineralization.

Salbo is located just north of the capital of Burkina Faso, Ouagadougou, and 35 kilometres south of Goldrush's Ronguen gold deposit, which has a 249,000 ounce inferred resource.

The Vancouver-based company's RAB drilling program at Salbo was the first to test three northeast-southwest anomalous gold trends located in the central western part of the permit.

Highlights of 85 RAB drill holes include 1.74 g/t gold over 8 metres in hole SLBB11-023; 2.12 g/t gold over 6 metres in hole SLBB11-030; 1.81 g/t gold over 6 metres in holes SLBB11-055; 2.56 g/t gold over 4 metres in hole SLBB11-048; and 2.64 g/t gold over 3 metres in hole SLB11-001.

The company said that comparison of the RAB holes with the induced polarization (IP) survey results show that the gold mineralized holes are "clearly associated with strong chargeable" anomalies that extend to the limits of the one square kilometre IP grid area. Further exploration will test these IP anomalies, which indicate the potential for extending near-surface gold mineralization on strike.

In addition, despite some drilling difficulties due to resistant country rocks, a number of holes contained "anomalous gold content" at the bottom of the hole, Goldrush said, suggesting intersection of just the upper part of a gold zone.  The company plans to use both reverse circulation and core drilling to further explore these deeper targets.

Separately, Goldrush also announced that it has received the results from RAB drilling on its two permits that comprise the Ronguen gold deposit, which will be released once they have been analyzed. The company intends to complete an upgraded resource estimate for the deposit later this year.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.