Goldrush Discovers Two Gold Anomalies on Pompoi Permit, Adjacent to Roxgold Yaramoko Permit in Burkina Faso, West Africa
07 Septiembre 2011 - 6:00AM
Marketwired
Goldrush Resources Ltd. (TSX VENTURE: GOD)(OTCQX: GDRRF)(PINK
SHEETS: GDRRF) ("Goldrush" or the "Company") announces the
discovery of two gold anomalies and values of up to 983 ppb (0.983
g/t Au) in its initial reconnaissance soil sampling on two grids of
the Company's recently acquired Pompoi permit. One anomaly extends
to and is open at the Yaramoko permit boundary of Roxgold Inc., and
the other is within two kilometers of the Yaramoko permit.
Assays received to date partly define two areas of greater than
13 ppb gold and contain 11 and eight anomalous values respectively,
with individual high values up to 504 and 209 ppb gold: (i) in the
southwest corner of the permit and (ii) in the northwest to north
central area of the permit. The southwest anomaly can be traced
over a north-south distance of 1,600 metres and an east-west
distance of 1,400 metres to the Roxgold Yaramoko permit boundary.
The northwest anomaly spans a north-south distance of 2,000 metres
and an east-west distance of 1,400 metres, and appears to be
orientated in a north-south direction, although closer spaced data
will be required to better define the orientations of the clusters
of anomalous values. In addition, on this reconnaissance scale (400
by 200 metre sampling), eight anomalies of two contiguous samples,
which could represent areas of elevated bedrock gold mineralization
with strike lengths of up to 800 metres, have been documented.
Pompoi is contiguous with the eastern border of the Yaramoko
permit held by Roxgold Inc. and Riverstone Resources Inc. According
to a Roxgold news release dated April 8, 2011, reverse circulation
("RC") drilling at the Bagassi Central site, approximately one
kilometre from the western Pompoi permit boundary, produced gold
intersections of 24.62 g/t Au over 6 metres in hole YMR-10-RC-036,
and 28.61 g/t Au over 20 metres and 4.88 g/t Au over 11 metres in
hole YMR-11-RC-055. Roxgold is currently conducting a core drilling
program to confirm and extend these significant high grade
results.
An exerpt from a July 2010 Technical Report on the Yaramoko
Permit provided on the Roxgold website describes the mineralization
on the Yaramoko permit as a series of subparallel quartz veins
hosted in northwest trending shears. A granodioritic to tonalitic
body has intruded the volcanic country rocks and the resulting
veins and shears related to this event cut both the volcanics and
the intrusive on its eastern flank. Artisanal workings generally
line up along this south southeast trending shearing, with these
activities being conducted at a high angle to the shear. An
interpretation of this description suggests that the mineralized
structures may trend easterly onto the Pompoi permit.
In addition to the extensions of the easterly trending
structures noted at the Bagassi Central target on the Yaramoko
permit, an interpretation of the regional airborne magnetometer
survey which covers the Pompoi permit suggests the occurrence of
northeast trending faults and/or shear zones and folding (in the
northern parts of the permit) that is similar to that seen at
Semafo Inc.'s Mana Mine.
The Goldrush geochemical sampling program involved sampling at
200 metre intervals along east-west lines that were spaced 400
metres apart, and has covered only 30 percent of the permit. Soil
sampling was conducted from the western and southern borders of the
permit inward for approximately three kilometres east and north
toward the centre of the permit. Of 894 soil samples submitted for
assaying, 59 returned values of greater than 13 ppb Au and of
those, 23 had values of greater than 21 ppb Au. A total of 50
control samples including 35 blanks and 15 standards were been
inserted in the sample stream for quality control. A map showing
the soil sampling results is available at
www.goldrushresources.ca.
A program to follow-up and extend these significant results is
planned, including more detailed soil sampling, mapping and
geophysics, and will be initiated as soon as possible.
Mr. Driffield Cameron, P. Geo., Vice President, Exploration 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.
About Goldrush: Goldrush is a Canadian mineral exploration
company which has successfully focused on gold exploration in West
Africa, where the Company has discovered, and is currently
expanding and defining the 249,000 ounce (inferred resource of 5.9
million tones at a grade of 1.31 g/t Au) Ronguen gold deposit in
Burkina Faso.
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
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
Equicom Group Babak Pedram (416) 815-0700 Ext. 264
bpedram@equicomgroup.com Equicom Group Joe Racanelli (416) 815-0700
Ext. 243 jracanelli@equicomgroup.com www.equicomgroup.com
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