Goldrush Begins RAB Drilling Program on Pompoi Permit, Contiguous With Roxgold's Yaramoko Project in Burkina Faso, West Africa
2011年11月21日 - 9:00PM
Marketwired
Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF)(PINK
SHEETS:GDRRF) ("Goldrush" or the "Company") is pleased to announce
that a Rotary Air Blast ("RAB") drilling program began on November
17 on the Company's Pompoi permit, contiguous with and to the east
of Roxgold Inc.'s ("Roxgold") Yaramoko permit. The program will
include up to 6,500 metres of RAB drilling in two fences orientated
to traverse an interpreted east - west gold anomaly located in the
southwest quadrant of the Pompoi permit. This anomalous area is 2.9
kilometres east of Roxgold's recent Baggasi Central "55 Zone" high
grade gold discovery. The two fences will extend for a total
distance of 4,000 metres with up to 170 holes collared at a
distance of 25 metres apart. The drilling program marks the second
phase of exploration on a portion of the Pompoi permit in
conjunction with the recent high grade drilling results by Roxgold
on its Yaramoko permit.
The southwest Pompoi gold-in-soil anomaly was defined by
reconnaissance scale (400 by 200 metre) soil sampling that partly
defined an anomaly of greater than 13 ppb gold which contained
eleven anomalous gold values, with individual high values up to 504
ppb gold (see Goldrush news release dated September 7, 2011 for
full details). The anomaly has been traced over a north-south
distance of 1,600 metres and westerly for 1,400 metres to the
common boundary of Pompoi and Roxgold's Yaramoko permit, where it
is continuing.
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 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
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 53.56 g/t Au over 8 metres in hole
YRM-11-DDH-021, 47.41 g/t Au over 8.5 metres in hole
YRM-11-DDH-018, and 37.68 g/t Au over 16 metres in hole
YMR-11-DDH-024. Deeper holes drilled on the eastern edge of the 55
Zone encountered 31.90 g/t Au over 5 metres in hole YRM-11-DDH-032
and 48.46 g/t Au over 2 metres in hole YRM-11-DDH-034. Roxgold's
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 towards the Goldrush permit.
Goldrush's wide spaced sampling has also documented 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. 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.
In addition to the potential 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 northeasterly 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.
Also, Goldrush has identified in the northern part of the soil
sampled area a northerly oriented gold anomaly that 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 Pompoi-Yaramoko permit boundary. This
anomaly is slated for drill testing in a future program.
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.comwww.equicomgroup.com
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