Goldrush Intersects 5.01 g/t Gold Over 5 Metres in Discovery Drilling on Ouavousse Permit, Markoye Fault Corridor, Burkina Faso
14 Marzo 2012 - 2:30AM
Marketwired Canada
Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF) ("Goldrush" or the
"Company") is pleased to announce the results of the initial Ouavousse permit
drilling on seven previously identified gold bearing areas. The program
consisted of a 30 hole, 2,820 metre reverse circulation ("RC") drilling program
on the 244 square kilometer permit in central Burkina Faso, West Africa, and
highlighted the Kooligri South area for detailed evaluation. Highlights of the
drilling results include:
-- 5.01 g/t Au over 5 metres, in RC hole OUKR11-029, including 20.1 g/t Au
(vg) over 1.0 metres.
-- 8.67 g/t Au over 2 metres, in RC hole OUKR11-001
-- 1.07 g/t Au over 4 metres, in RC hole OUKR11-006
Commenting on the drill results, Goldrush President and CEO Len Brownlie said:
"In only 30 holes of the first drilling carried out on the Ouavousse permit,
Goldrush has successfully discovered an open mineralized structure over a strike
length of 160 metres at the Kooligri South artisanal site where the highest
grade intersection occurs in the northeastern most hole (-029) and is open in
all directions. This part of the Ouavousse permit has been added to the
Company's list of attractive targets for follow-up exploration. A program of
mapping and soil sampling is currently underway to assist in the delination of
additional drill targets."
It is noteworthy that the Ouavousse permit is immediately west of, and crossed
in part, by the interpreted corridor of the Markoye Fault, a major NNE trending
structural zone (and possible Porcupine-Destor Fault analogue). The Markoye
Fault corridor which has been traced for over 400 kilometres in Burkina Faso and
lies adjacent to several substantial gold deposits, including Iamgold's Essakane
mine, High River Gold's Taparko mine, Volta's Kiaka gold deposit, and Orezone's
Bombore project.
RC holes -027, -028 and -029 were drilled on 80 metre centres at the Kooligri
South artisanal site. All three holes intersected the mineralized structure
consisting of quartz veining hosted in a deformed, silicified granodiorite with
pyritized vein selvages. At 650 metres north of Kooligri South, RC hole
OUKR11-030 intersected 1.09 g/t Au over 3 metres, with quartz veining hosted in
a strongly deformed sericitized schist. Previous rock sampling (two samples)
from this Kooligri North site had produced a best value of 1.58 g Au/t, while
seven samples from Kooligri South had returned a high value of 9.77 g Au/t.
The remaining 26 exploration holes drilled on six additional orpailleur
(artisanal mining) sites (Ouavousse North, Ouavousse South, OTR 1, Poessin 1,
Poessin 2 and Poessin 3) intersected generally short, lower grade sections from
areas which had been quite substantially pitted by the orpailleurs.
Assay Results
Significant intersections are noted above and in the following table:
----------------------------------------------------------------------------
Total Inter-
HOLE ID X-WGS84 Y-WGS84 Target Azimuth Depth From To val Au
----------------------------------------------------------------------------
(m) (m) (m) (m) g/t
----------------------------------------------------------------------------
OUOR11-001 767621 1417348 OUAVOUSSE S 5 133 13 14 1 0.72
----------------------------------------------------------------------------
and 40 41 1 0.8
----------------------------------------------------------------------------
and 85 87 2 8.67
----------------------------------------------------------------------------
and 92 93 1 0.69
----------------------------------------------------------------------------
OUOR11-004 767562 1417459 OUAVOUSSE S 185 91 50 51 1 0.68
----------------------------------------------------------------------------
and 59 60 1 1.08
----------------------------------------------------------------------------
OUOR11-006 768757 1417821 OTR 1 325 81 54 58 4 1.07
----------------------------------------------------------------------------
OUOR11-009 767764 1417681 OUAVOUSSE N 5 127 44 46 2 1.13
----------------------------------------------------------------------------
and 57 58 1 1.53
----------------------------------------------------------------------------
and 88 89 1 0.58
----------------------------------------------------------------------------
OUOR11-011 767692 1417694 OUAVOUSSE N 5 110 19 20 1 1.01
----------------------------------------------------------------------------
and 51 52 1 0.95
----------------------------------------------------------------------------
OUOR11-013 767536 1417688 OUVOUSSE N 5 97 49 50 1 1.73
----------------------------------------------------------------------------
OUPR11-018 761321 1420045 POESSIN-2 340 110 40 41 1 3.34
----------------------------------------------------------------------------
OUPR11-023 761011 1420224 POESSIN-3 340 80 12 13 1 0.52
----------------------------------------------------------------------------
and 16 18 2 0.88
----------------------------------------------------------------------------
OUPR11-024 760936 1420195 POESSIN-3 340 80 13 16 3 0.97
----------------------------------------------------------------------------
OUPR11-025 760869 1420148 POESSIN-3 340 80 21 24 3 1.14
----------------------------------------------------------------------------
OUKR11-027 761287 1425093 KOOLIGRI S 165 102 63 64 1 1.08
----------------------------------------------------------------------------
and 69 70 1 0.9
----------------------------------------------------------------------------
OUKR11-028 761362 1425131 KOOLIGRI S 165 100 82 83 1 2.78
----------------------------------------------------------------------------
and 91 92 1 0.83
----------------------------------------------------------------------------
OUKR11-029 761440 1425142 KOOLIGRI S 165 97 74 79 5 5.01
----------------------------------------------------------------------------
including 77 78 1 20.1
----------------------------------------------------------------------------
and 84 89 5 0.78
----------------------------------------------------------------------------
OUKR11-030 761458 1425823 KOOLIGRI N 165 80 23 26 3 1.09
----------------------------------------------------------------------------
All holes were drilled at an inclination of -60 degrees. True widths are unknown
at this time. A total of 2,820 metres were drilled in the 30 RC holes which were
continuously sampled at one metre intervals for assaying.
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 SGS laboratory in Ouagadougou, Burkina Faso was used for sample analysis.
Samples are assayed using standard fire assay techniques on a 50 gram charge
with an atomic absorption finish. For its internal control, SGS 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 11.5% of the total
samples submitted.
The RC drilling was contracted to Forages Technic-Eau/Burkina sarl based in
Ouagadougou, Burkina Faso.
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.
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