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Since early 2006, Goldrush Resources has successfully explored for gold in Burkina Faso and has over $3 million in the treasury, 2 Net Smelter Returns Royalty and 6 strategically located exploration permits.
Message: Positive Gold Assays From Salbo and Ouavousse Permits
| February 17, 2009 | |
| Goldrush Reports Positive Gold Assays From Salbo and Ouavousse Permits, Burkina Faso, West Africa | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2009) - Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") is pleased to report positive final results of rock sampling conducted on the Salbo permit, located 60 kilometres ("km") by paved highway north of Ouagadougou, the capital of Burkina Faso. The 146 km2 Salbo permit is directly south of the southern border of High River Gold Ltd.'s Bissa gold project, which is currently undergoing a feasibility study. Salbo is approximately 35 km south of Goldrush's flagship Ronguen gold project that hosts a 249,000 ounce inferred gold resource (5.9 million tonnes grading an average of 1.31 g/t gold, using a cutoff grade of 0.5 g/t gold). Significant rock sampling assays from Salbo include: 30.90 g/t Au 28.12 g/t Au 23.80 g/t Au 13.81 g/t Au 10.45 g/t Au 9.49 g/t Au 9.45 g/t Au 8.29 g/t Au 8.00 g/t Au 6.41 g/t Au The combination of rock and soil sampling and geological mapping has identified three NE-SW mineralized trends on the permit. The main trend extends for at least 2 km and includes the main Salbo artisanal site and an associated site to the southwest (Salbo Southwest). The second trend is over 500 metres in length and runs parallel to the main trend, some 1.5 km to the northwest. The third trend has been traced for over 100 metres and runs parallel to the northern portion of the main trend, at a distance of approximately 1.5 km to the southeast. A map showing the significant rock and soil anomalies and mineralized trends is available at www.goldrushresources.ca. Exploration results from the Ouavousse Permit The Ouavousse permit (165.91 km2) is located approximately 80 km south of High River's Taparko gold mine and covers a portion of the regional Markoye fault from which the Taparko host structure is a splay. Resampling of an old trench (OTR1) located near the center of the permit and excavated at the contact between sheared metasediments and a gabbro-diorite intrusive assayed 1.52 g/t gold over 5 metres, confirming a previous operator's assay of 1.77 g/t gold over 4 metres. Additional soil sampling on a 200 x 200 metre grid surrounding the trench led to the discovery of a 218 ppb Au soil anomaly located 1.7 km southwest of the trench along strike with the shear noted in the trench. Extensive rock sampling of the permit revealed that of 784 rock samples, 17 samples contained greater than 1 g/t gold to a maximum of 9.25 g/t gold over a total distance of 1.2 km. With the exception of one sample of quartz float returning 5.29 g/t, the samples were collected near the Poessin artisanal sites, located approximately 7 km northwest of the OTR1 trench. Follow-up work programs on these important discoveries have not been finalized but will include a combination of trenching and rotary air blast drilling. With the price of gold currently ascending, management is prepared to entertain a number of financing alternatives in order to secure funds to recommence drilling on its flagship Ronguen gold deposit and to conduct further exploration on the Company's other exploration permits in Burkina Faso. Quality Assurance and Quality Control Goldrush follows a strict sampling and QA-QC protocol. For rock sampling, most samples consist of composite grab samples taken within a 5 metre radius, broken from bedrock with a rock hammer to provide a final weight of 3-5 kg. One blank sample, similar in size and appearance to regular samples and one standard are included in each batch of 20 samples sent to the Abilab laboratory in Ougadougou, Burkina Faso. At Abilab rock samples are coarsely crushed and up to 1 kg is pulverized to a minimum of 95% of the sample passing -200 mesh (with tests on granulometry). Assays are conducted on a 50 g subsample by fire assay with atomic absorption finish ("AA" can be deleted because the abbreviation is not used subsequently in the PR.). Internal laboratory QA/QC includes insertion of blanks and standards as well as repeats, which are in part random and in part targeted on higher-grade samples. Most samples grading greater than 5 gpt gold are also checked by fire assay with a gravimetric finish on another pulp split. The lowest of the three assay values (original, repeat and fire assay/gravimetric finish) has been reported in the above tables. 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 information herein. About Goldrush: Goldrush is a mineral exploration company focused on gold exploration in Burkina Faso, West Africa. 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 |
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