Goldrush Intersects 1.82 g/t Gold Over 37 Metres, Including 2.95 g/t Au Over 16 Metres in Step-Out Drilling at Ronguen Gold Deposit, Burkina Faso
Published : April 18, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Burkina Faso | Gold | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2011) - Goldrush Resources Ltd. (News - Market indicators) ("Goldrush" or the "Company") President & CEO Len Brownlie, Ph.D is pleased to report assay results from the first 15 holes of a Reverse Circulation ("RC") drilling program on the Company's Ronguen Gold Deposit (249,000 ounce inferred resource of 5.9 million tonnes at a grade of 1.31 g/t Au) in Burkina Faso, West Africa. The highlights of the drilling results are RC holes KGRR011-116 and 117 that were drilled on the new North Zone:

  • 1.82 g/t Au over 37 metres, including 2.95 g/t Au over 16 metres in hole KGRR011-116 centered at a vertical depth of 20.5 metres
  • 1.87 g/t Au over 13 metres in hole KGRR011-117 centered at a vertical depth of 22.5 metres

In hole KGRR011-116, visible gold was observed from 8 to 9, 22 to 23 and 102 to 103 metres down-hole. Gold grades in the mineralized interval ranged from 0.14 g/t to 6.06 g/t Au. In hole -117, drilled 55 metres north of hole 116 on the same section, visible gold was observed from 18 to 20 and 23 to 28 metres down-hole. Gold grades in the mineralized interval ranged from 0.11 g/t to 4.71 g/t Au.

Hole KGRR011-116 is located on the G1 grid, the eastern of two overlapping grids, on section 1100E, 25 metres north of the northern limit of the Main Zone gridding. This hole was collared approximately 130 metres northeast of hole KGRR010-096 that was drilled on section 970E and that intersected 7.63 g/t gold over 15 metres at a depth of 12.7 metres, and 3.17 g/t gold over 22 metres at a depth of 31.1 metres (Goldrush news release #13-2010, October 25, 2010).

Assays results received from thirteen additional RC holes on the G1 grid returned the following significant composites:

  • 1.59 g/t Au over 17 metres in hole KGRR011-121
  • 2.91 g/t Au over 3 metres in hole KGRR011-112
  • 1.03 g/t Au over 8 metres in hole KGRR011-109
  • 1.73 g/t Au over 4 metres in hole KGRR011-110

The assay results from RC holes 108 - 114, 116 - 119 and 121 have confirmed the presence of gold mineralization in areas of the new North Zone that had little prior drilling. The density of drill holes in this area is designed to define and to enable the North Zone gold mineralization to be easily incorporated into an upgraded 2011 Ronguen resource estimate. 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:

Hole ID Line
(Grid
Co-ord)
Station
 
(Grid
Co-ord)
Grid From
(m)
To
(m)
Intersection
(m)
Gold
Grade
(g Au/t)
Vertical
 depth
(m)
1
KGRR011-108 1380 -95 G1 7 8 1 0.5 7.5
KGRR011-109 1260 -60 G1 45 46 1 0.97 45.5
and       49 57 8 1.03 53
and       63 65 2 1.12 64
KGRR011-110 1260 -120 G1 3 4 1 0.65 3.5
and       13 18 5 0.91 15.5
and       24 28 4 1.73 26
and       30 31 1 0.71VG 30.5
and       55 56 1 0.55 55.5
and       71 72 1 0.53VG 71.5
and       118 119 1 0.57 118.5
KGRR011-111 1260 0 G1 14 16 2 0.57 15
and       22 23 1 1.06 22.5
KGRR011-112 1180 -80 G1 5 6 1 .65 5.5
and       9 12 3 2.91 10.5
and       20 23 3 0.76 21.5
and       26 28 2 0.61 27
KGR011-113 1339 -80 G1 5 6 1 0.53 5.5
KGR011-114 1180 0 G1 11 14 3 0.99 12.5
and       5 7 2 0.58 6
and       34 37 3 0.87 35.5
and       41 42 1 0.57 41.5
KGR011-116 1100 25 G1 2 39 37 1.82 20.5
including       15 31 16 2.95 23
and       56 59 3 0.63 57.5
and       85 86 1 5.39 85.5
and       95 96 1 0.84 95.5
and       102 104 2 0.77VG 103
and       107 108 1 0.83 107.5
and       115 118 3 0.59 116.5
KGRR011-117 1100 80 G1 0 2 2 0.93 1
and       16 29 13 1.87VG 22.5
KGRR011-118 1060 77.5 G1 2 3 1 0.52 2.5
and       33 35 2 2.32 34
KGRR011-119 1060 120 G1 11 12 1 0.51 11.5
and       16 17 1 0.53 12.5
KGRR011-121 1015 -60 G1 23 40 17 1.59 31.5
and       47 48 1 0.63 47.5
and       58 59 1 5.90 58.5

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 VG: Visible gold identified in the intersection.
4 Holes KGR011-107, -115 and -120 did not intersect any gold mineralization at or above a cut-off of 0.5 g/t gold.

Drill hole lengths varied from 52 to 134 metres, with a common inclination of -45 degrees. A total of 1,416 metres was drilled in fifteen RC holes and continuously sampled at one metre intervals for assaying.

Ronguen Deposit Mineralization

The Ronguen gold deposit is located within the northeastern part of the highly prospective Birimian age Boromo greenstone belt in Burkina Faso. The local geology at Ronguen is dominated by an east northeast ("ENE") trending metasedimentary sequence consisting of interlayered siltstone, mudstone and minor conglomerates that are intruded by plugs, and narrow dykes and sills of gabbroic composition. The Ronguen mineralized zone is located in the structural footwall of a major ENE thrust fault which recorded a tectonic transport direction towards the north. The mineralized deformation corridor represents a major ENE trending high angle reverse fault zone, dipping moderately to steeply towards the south. Gold mineralization is found in both metasedimentary and mafic intrusive rock; there are no obvious lithological controls yet recognized at this epigenetic gold deposit. The gold mineralization is associated with quartz-carbonate veins/veinlets and with sulphides occuring as disseminations, veinlets and patches. Two sets of gold-bearing quartz veins are developed: subvertical shear veins parallel to the shear zone foliation and to the shear zone boundaries, and subhorizontal extension veins. Small quartz stockworks are present and represent a part of the gold mineralization.

Ongoing Exploration

The Company is awaiting reverse circulation drilling assay results from an additional seven holes drilled on the G1 Grid; seven holes drilled on the western G2 grid and 13 holes drilled on other target areas on the two permits that host the Ronguen gold deposit, as part of the Company's ongoing 9,660 metre RC drill program. As of April 14, the RC drill had demobilized from Ronguen and was moving to the new Liki permit, where it will complete an initial 1,000 metre program, to be followed by 3,000 metres at the Company's new and highly prospective Nakiambouri and Gonaba Est permits.

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, 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.

Goldrush Resources Ltd.
Don Willoughby
VP Corporate Development
info@goldrushresources.ca
www.goldrushresources.ca
or
The Equicom Group
Babak Pedram
(416) 815-0700 Ext. 264
or
The Equicom Group
Joe Racanelli
(416) 815-0700 Ext. 243
www.equicomgroup.com
Data and Statistics for these countries : Burkina Faso | All
Gold and Silver Prices for these countries : Burkina Faso | All

Goldrush Resources Ltd.

EXPLORATION STAGE
CODE : GOD.V
ISIN : CA3814531099
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Goldrush Res. is a gold exploration company based in Canada.

Goldrush Res. holds various exploration projects in Burkina Faso and in Canada.

Its main exploration properties are BOUGOU, OUAVOUSSE, TIKARE, KINDO, SALBO, RONGUEN, TARANGA, BANGBARA and BIRGUI in Burkina Faso.

Goldrush Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.2 millions as of today (€ 3.8 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.43, and its lowest recent point on February 13, 2015 at CA$ 0.01.

Goldrush Res. has 167 380 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Goldrush Resources Ltd.
Annual Report 2007
Financings of Goldrush Resources Ltd.
6/1/2011Closes $3,400,000 Private Placement
5/2/2011Announces Increase in Private Placement to Raise Up to $3,40...
Option Grants of Goldrush Resources Ltd.
2/25/2011Grant of 2,000,000 Stock Options at $ 0,20 par share
Nominations of Goldrush Resources Ltd.
4/27/2011Announces Appointment of Mr. John Learn as Chief Geologist
Project news of Goldrush Resources Ltd.
5/25/2011(Ronguen)Intersects 2.60 g/t Gold Over 12 Metres and 1.93 g/t Gold Ov...
4/12/2011(Ronguen)RAB Drilling at Ronguen Gold Deposit Extends Gold Deposit to...
3/25/2011(Salbo)RAB Drilling at Salbo Permit Confirms Presence of Significan...
12/1/2010(Ronguen)Intersects 6.72 g/t Gold Over 8 Metres on Westernmost Sectio...
Corporate news of Goldrush Resources Ltd.
1/1/2016Shareholders of Goldrush Approve Arrangement with First Mini...
12/30/2015Shareholders of Goldrush Approve Arrangement With First Mini...
10/26/2015Goldrush Announces Shareholder Approvals from Annual and Spe...
9/25/2015Goldrush Provides Corporate Update and Announces Date of Ann...
11/4/2014Goldrush Announces Appointment of New Chief Financial Office...
10/20/2014Nordgold Completes Acquisition of the Ronguen Gold Project
10/20/2014Nordgold Completes Acquisition of Ronguen Project
6/12/2014IIROC Trading Resumption - GOD
6/12/2014IIROC Trading Halt - GOD
7/12/2011Announces Appointment of Mr. Driffield Cameron, P.Geo as Vic...
7/7/2011Announces New Gold Discovery in Southeastern Burkina Faso
6/29/2011CNRP only - Goldrush Resources Ltd. Joins OTCQX
6/9/2011Intersects 3.62 g/t Gold Over 6 Metres in South Zone Drillin...
4/18/2011Intersects 1.82 g/t Gold Over 37 Metres, Including 2.95 g/t ...
2/15/2011Announces Exploration Program for Newly Acquired Burkina Fas...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GOD.V)OTHER OTC (GDRRF)
0.025+0.00%0.0210
TSX-V
CA$ 0.025
01/11 15:55 -
0%
Prev close Open
0.030 0.025
Low High
0.025 0.030
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.025 -16.67%
Volume 1 month var.
4,396,000 -16.67%
24hGold TrendPower© : 34
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :