Goldrush to Begin Exploration Program on Pompoi Permit, Contiguous With Roxgold's Yaramoko Project in Burkina Faso, West Africa
20 Octobre 2011 - 1:00PM
Marketwired
Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF) ("Goldrush"
or the "Company") announces that a Phase 1 exploration program will
begin in early November on the Company's Pompoi permit, contiguous
with and to the east of Roxgold Inc.'s ("Roxgold") Yaramoko permit.
The program will include geological mapping, prospecting and close
spaced soil sampling and will assist in the definition of targets
for future exploratory drilling. This program is a follow-up to the
recent discovery of two gold anomalies that were detected in
reconnaissance scale (400 by 200 metre) soil sampling (see Goldrush
news release dated September 7, 2011 for full details).
The soil sampling partly defined two anomalies of greater than
13 ppb gold which contain eleven and eight anomalous gold 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 has been traced over a north-south
distance of 1,600 metres and an east-west distance of 1,400 metres
to the common boundary of Pompoi and Roxgold's Yaramoko permit,
where it is still open. This anomalous area is 2.9 kilometres due
east of Roxgold's recent Baggasi Central "55 Zone" high grade gold
discovery.
The northwest anomaly spans a north-south distance of 2,000
metres and an east-west distance of 1,400 metres, with the most
westerly portion approximately two kilometres east of the common
Pompei-Yaramoko permit boundary, and appears to be orientated in a
north-south direction. Closer spaced data is required to better
define the orientation of the anomalous trend or trends.
In addition, from the wide spaced (400 by 200 metre sampling),
eight separate anomalies, each of which is composed of two
contiguous samples that could represent elevated bedrock gold
mineralization with strike lengths of up to 800 metres, have been
documented. Also, a single soil sample assaying 903 ppb gold was
found adjacent to the Pompoi-Yaramoko permit boundary,
approximately 700 metres north of Goldrush's southwest gold-in-soil
anomaly.
An excerpt 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 sub parallel
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
although readers are cautioned that there is no data to confirm
that mineralization on the Yaramoko permit extends onto the Pompoi
permit.
According to Roxgold's news releases dated October 4 and 19,
2011, diamond drilling on the "55 Zone", Bagassi Central area, 2.9
kilometres from Goldrush's Pompoi permit western boundary, produced
gold intersections of 53.6 g/t Au over 8 metres in hole
YMR-11-DDH-021, 47.4 g/t Au over 8.5 metres in hole YMR-11-DDH-018,
and 37.7 g/t Au over 16 metres in hole YMR-11-DDH-024. Deeper holes
drilled on the eastern edge of the 55 Zone encountered 31.9 g/t Au
over 5 metres in hole YMR-11-DDH032 and 48.46 g/t Au over 2 metres
in hole YMR-11-DDH-034. Roxgold's current interpretation of the
drilling results has the series of gold-bearing structures from
north to south occasionally overlapping along strike in an east to
west direction, and perhaps plunging to the east.
In addition to the extensions of the easterly trending
structures containing the Bagassi Central gold mineralization on
the Yaramoko permit, an interpretation of the regional airborne
magnetometer survey which covers the Pompoi permit suggests the
occurrence of a structural regime of northeast trending faults
and/or shear zones and folding (in the northern parts of the
permit) similar to that seen at Semafo Inc.'s Mana Mine.
Location maps showing Goldrush's soil sampling results, regional
geophysics and proximity to the Yaramoko/Bagassi Central drilling
area are available at www.goldrushresources.ca.
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
Developmentinfo@goldrushresources.cawww.goldrushresources.ca
Patrick Piette (416) 815-0700 Ext. 267ppiette@equicomgroup.com Joe
Racanelli (416) 815-0700 Ext. 243jracanelli@equicomgroup.com
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