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Market: TSX-V
Sector: General Mining - Gold
EPIC: GOD
Latest Price: C$0.07  (-12.50% Descending)
52-week High: C$0.19
52-week Low: C$0.06
Market Cap: C$9.76M
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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 intersects 25 metres of 2.16 g/t gold at Ronguen

16th Nov 2011, 7:11 pm by Brad Lemaire

Goldrush Resources (CVE:GOD) reported Tuesday positive drill results from the second set of 21 reverse circulation (RC) drill holes at its Ronguen gold deposit in Burkina Faso, part of its 94-hole infill drilling program designed to expand resources.

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.

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