Goldrush Intersects 3.62 g/t Gold Over 6 Metres in South Zone Drilling and 2.14 g/t Gold Over 4 Metres in 430 Metre Step-Out Hole on Western Edge of Ronguen Gold Deposit, Burkina Faso
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/09/11 -- Goldrush Resources Ltd. (TSX VENTURE: GOD) ('Goldrush' or the 'Company') President & CEO Len Brownlie, Ph.D is pleased to report assay results from nineteen reverse circulation ('RC') drill holes on the Company's Ronguen Gold Deposit (an inferred resource of 5.9 million tonnes at a grade of 1.31 grams per tonne (g/t) gold, containing 249,000 ounces of gold) in Burkina Faso, West Africa. Eleven holes were drilled on the western G2 grid (the westernmost of two overlapping grids at the Ronguen Deposit), five holes on the eastern G1 grid and three holes on the South Zone. The South Zone is sub-parallel to and approximately 200 metres south of the Ronguen Main Zone.
South Zone drilling highlights include:
-- 3.62 g/t Au over 6 metres, in hole KGRR011-130 centered at a vertical
depth of 40.1 metres;
-- 1.70 g/t Au over 7 metres centered at a vertical depth of 32.4 metres;
and
-- 1.29 g/t Au over 7 metres centred at a vertical depth of 44.6 metres in
hole KGRR011-152, drilled 40 metres to the west of -130.
On the western G2 grid, hole KGRR011-135, collared 430 metres to the west of the nearest hole drilled on the Ronguen deposit encountered 2.14 g/t Au over 4 metres at a vertical depth of 13 metres. Hole -135 is approximately 40m northeast of a previous Rotary Air Blast ('RAB') hole KGRB07-151B, which intersected 7.72 g Au/t over 6 metres. Gold intercepts in the current RC hole and the previous RAB hole correlate well with two distinct resistive anomalies. The significance of this intercept is that it represents either the north-east extension of the gold zone intercepted in RAB hole -151B or a new mineralized zone. In either case, the discovery of additional gold zones 430 metres from the Ronguen deposit may have important implications for the ultimate size of the deposit. The Ronguen deposit remains open to the west, north and northeast.
Assays results received from sixteen additional RC holes returned the following significant composites:
-- 1.14 g/t Au over 17 metres in hole KGRR011-145 (G1 (east) grid)
-- 0.95 g/t Au over 16 metres in hole KGRR011-150 (G2 (west) grid)
-- 0.84 g/t Au over 15 metres in hole KGRR011-128 (G2 (west) grid)
The assay results from these holes have confirmed the presence of gold mineralization in areas of the Main Zone that had little prior drilling. A surface plan showing the drill hole locations is available at www.goldrushresources.ca.
Assay Results
Significant intersections are noted above and in the following table:
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Gold
Line Station Inter- Vertical
(Grid (Grid Inclin From To section Grade depth
Hole ID Co-ord) Co-ord) Grid ation (m) (m) (m) (g Au/t) (m)(1)
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KGRR11-128 580 -40 G2 -60 70 74 4 2.37 62.4
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and 89 104 15 0.84 83.6
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KGRR11-130 570 -170 South -55 46 52 6 3.62 40.1
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KGRR11-131 300 -20 G2 -60 40 41 1 1.16 35.1
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KGRR11-135 -450 -60 G2 -60 13 17 4 2.14 13.0
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KGRR11-145 1180 40 G1 -55 0 17 17 1.14 7.0
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and 25 26 1 1.11 20.9
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KGRR11-146 1220 32.5 G1 -55 7 15 8 1.06 9.0
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and 20 21 1 0.63 16.8
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KGRR11-148 580E 50N G2 -60 17 18 1 1.54 15.2
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and 22 28 6 1.32 21.7
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and 67 73 6 0.79 60.6
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and 75 76 1 0.60 65.4
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and 79 80 1 0.60 68.9
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and 83 84 1 0.66 72.3
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KGRR11-149 580E 90N G2 -60 2 3 1 0.55 2.2
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and 11 12 1 0.73 10.0
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and 17 26 9 1.14 18.6
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KGRR11-150 900E 170N G2 -55 0 16 16 0.95 6.6
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and 65 70 5 0.83 55.3
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KGRR11-151 900E 195N G2 -55 0 2 2 0.77 0.8
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and 8 9 1 0.61 7
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and 31 32 1 1.81 25.8
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and 53 54 1 1.52 43.8
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KGRR11-152 530E 160S South -55 36 43 7 1.70 32.4
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and 51 58 7 1.29 44.6
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KGRR11-154 1500E 201S G1 -55 18 25 7 0.47 17.6
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(1) 'Vertical depth' is the calculated depth to the centre of the
intersection.
(2) True widths are determined to be 90 to 95% of core intervals.
(3) Holes KGRR011-127, 132, 133, 143, 147 and 153 did not intersect any
gold mineralization at or above a cut-off of 0.5 g/t Au. Assays from
holes KGRR011-136 to 142 drilled on the Kongoussi 1 Pouni target have
not been received to date.
Drill hole lengths varied from 60 to 126 metres. A total of 1,863 metres was drilled in the nineteen RC holes and continuously sampled at one metre intervals for assaying.
Ongoing Exploration
The Company is awaiting reverse circulation drilling assay results from seven holes drilled on the Pouni target area on the Kongoussi1 permit that hosts the Ronguen gold deposit, 12 holes on the Tikare permit (Kilou-West target), 13 holes on the new Liki permit and 38 holes on the Company's new Nakiambouri and Gonaba-Est permits.
To follow-up on the promising drilling results, the Company has entered into contracts with Forages Technic-Eau/Burkina Sarl and Projet Production International BF Sarl), respectively to drill 10,000 metres of RC and 8,000 metres of core, during the third quarter of 2011.
Quality Assurance/Quality Control
Goldrush maintains a rigorous quality control program involving the use of certified standards from an accredited Canadian laboratory, inserted blanks, and the use of repeat assays. Details of Goldrush's quality control program were provided in the Company's News Release #2010-13, dated October 25, 2010.
The ALS Chemex laboratory in Ouagadougou, Burkina Faso was used for sample analysis. For its internal control, ALS Chemex inserted two certified standards and one blank, and analyzed one random duplicate for approximately each 25 samples submitted. For its certified standard and blank samples included in the QA-QC procedure, Goldrush averaged 11.0% of the total samples submitted.
The drilling was contracted to West African Drilling Services Pty Ltd. based in Ouagadougou, Burkina Faso.
Mr. Driffield Cameron, P.Geo., Director of Goldrush, is the Qualified Person for this press release for the purposes of National Instrument 43-101 and has reviewed the technical information herein.
For further information on Goldrush Resources Ltd., shareholders and other interested parties are invited to visit the Company's website at www.goldrushresources.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
GOLDRUSH RESOURCES LTD.
Len Brownlie - President and Chief Executive Officer
About Goldrush: Goldrush is a mineral exploration company focused on gold exploration in West Africa.
FORWARD-LOOKING STATEMENTS: This news release contains certain 'forward-looking statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Goldrush Resources Ltd.
Don Willoughby
VP Corporate Development
info@goldrushresources.ca
www.goldrushresources.ca
The Equicom Group
Babak Pedram
(416) 815-0700 Ext. 264
bpedram@equicomgroup.com
The Equicom Group
Joe Racanelli
(416) 815-0700 Ext. 243
jracanelli@equicomgroup.com
www.equicomgroup.com