Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

June 22, 2010 06:30 ET

Goldrush Announces Commencement of Drilling and Trenching Program Plan on Ronguen Gold Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2010) - Goldrush Resources Ltd. (TSX VENTURE:GOD) (Goldrush or the "Company") President & CEO Len Brownlie, PhD is pleased to announce that Phase 1 of the drilling and trenching program on the Company's Ronguen Gold Deposit in Burkina Faso, West Africa, details of which were announced in News Releases #6-2010 on June 1, 2010 and #7-2010 published on June 7, 2010, began on June 17, 2010.

Phase 1 of the program will consist of 12 core holes totaling 1,920 metres in the Ronguen Main Zone to test the mineralized zone at depth between 80 and 120 metres vertical. Phase 1 is expected to be completed by mid-July, 2010. 

Phase 2 of the program will consist of 36 reverse circulation ("RC") drill holes totaling 3,206 metres, and 3 trenches totaling 360 metres. Phase 2 will begin immediately upon completion of Phase 1 and is expected to be completed by the end of September, 2010. Details of Phase 2 are as follows:

  • 12 RC holes totaling 1,484 metres in the Ronguen Main Zone to complement the Phase 1 core drilling and extend the deposit to a vertical depth of 120 metres,
  • 3 RC holes totaling 210 metres to extend the Ronguen Main Zone along strike to the west,
  • 15 RC holes totaling 1,032 metres and 3 trenches totaling 360 metres to infill several inadequately defined areas in the Ronguen Main Zone, and upgrade some sections from the inferred to the indicated category,
  • 3 RC holes totaling 480 metres in the Ronguen South Zone to further probe gold mineralization discovered through rotary air blast drilling and trenching in 2008.

Two contiguous permits host the Ronguen Gold Deposit on which SRK Consulting (Canada) provided a resource estimate for the Ronguen Main Zone of 5.90 million tonnes containing 249,000 inferred ounces of gold at an average grade of 1.31 g/t (see Goldrush news release dated April 9, 2008). The mineral resource estimate was prepared in conformity with generally accepted CIM "Estimation of Mineral Resources and Mineral Reserves Best Practices" guidelines, and in accordance with Canadian Securities Administrators National Instrument 43-101.

Both the Ronguen Main and South Zones are located six kilometres northwest of High River Gold's (TSX: HRG) Bissa Gold Deposit where an April 23, 2009 mineral resource estimate contained a resource of 926,000 ounces of gold in the measured and indicated categories and 799,000 ounces of gold in the inferred category (source: www.hrg.ca).

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 technical information herein.

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

About Goldrush: Goldrush is a mineral exploration company focused on gold exploration in West Africa.

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. 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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