High River Gold Mines Ltd.

High River Gold Mines Ltd.

October 04, 2007 10:48 ET

High River Gold's Strategic Partner, Goldrush Resources, Announces Gold Discovery Near Bissa

TORONTO, ONTARIO--(Marketwire - Oct. 4, 2007) - High River Gold Mines Ltd. (TSX:HRG) ("High River") is pleased to announce that its strategic alliance partner, Goldrush Resources Ltd. ("Goldrush"), has issued a press release outlining excellent exploration results from drilling on its Ronguen exploration property, located just 6 kilometres from High River's Bissa Advanced Exploration Project in Burkina Faso.

The Ronguen discovery could be significant to High River as it has the potential to positively impact the economics of a development decision at Bissa.

The strategic alliance agreement between High River and Goldrush provides High River the right to back-in for 50% and operatorship of Ronguen after payment of 1.5 times all Goldrush expenditures on the property. The agreement provides Goldrush with preferred access to any processing facility that High River builds at Bissa. High River owns 16% of the outstanding shares of Goldrush.

The entire text of Goldrush's press release, issued yesterday, is reproduced below:


October 3, 2007

News Release #17 - 2007

(Vancouver, B.C.) Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") is pleased to report assay results from the latest phase of drilling on its exciting new Ronguen gold discovery in Burkina Faso, West Africa. Drill results confirm that the Ronguen Gold Zone has a strike length exceeding 1.5 kilometres. Assay highlights from the latest reverse circulation ("RC") drill holes, 40 to 64, include:

- 6.54 g/t Au over 8 metres

- 1.07 g/t Au over 41 metres

- 2.12 g/t Au over 15 metres

- 1.51 g/t Au over 21 metres

- 1.22 g/t Au over 26 metres

- 1.15 g/t Au over 19 metres

- 2.12 g/t Au over 8 metres

- 1.99 g/t Au over 8.35 metres

- 1.84 g/t Au over 9 metres

- 1.53 g/t Au over 12 metres

- 3.77 g/t Au over 4 metres

During the 20 months since Goldrush acquired its Burkina Faso properties, the Company has completed 319 drill holes totaling 17,598 metres of rotary air blast, reverse circulation and diamond drilling on Ronguen. The Ronguen Gold Discovery is located on the Company's Kongoussi exploration permit in north-central Burkina Faso, just 6 kilometres northwest of High River Gold's ("High River") Bissa gold deposit. High River has developed a resource of over 1.3 million ounces of gold in all categories for its Bissa Deposit and is targeting to increase this to over 2 million ounces in 2007 (see High River news release dated July 12, 2007)1. Through Goldrush's Strategic Alliance.

(1) Readers are cautioned that the above information is not necessarily indicative that gold mineralization present on the Bissa property continues into Kongoussi 1).

Agreement with High River, the Company will have preferred access to truck its ore for processing to a mill at Bissa if one is built by High River, should a commercially viable deposit be defined, with no capital contribution required by Goldrush. This highly favourable situation for Goldrush means that mining operations can begin with a much smaller deposit than would normally be required if the Company had to undergo the capital cost burden of constructing its own processing facility.

Review of Previously Reported Reverse Circulation Drill Program Results

Assays have recently been received from the last 25 holes of the 57 hole RC drill program and the second of two core holes. The first hole in this RC program was numbered "8", as the first seven RC holes at Ronguen were drilled in 2006. Assay results for the first 12 RC holes (holes 8 through 19) were released on August 7, 2007 while results from RC holes 20 through 39 were released on September 5, 2007. Assay highlights from RC holes 8 through 39 included:

- 7.41 g/t Au over 15 metres

- 1.61 g/t Au over 23 metres

- 1.63 g/t Au over 20 metres

- 3.89 g/t Au over 8 metres

- 1.46 g/t Au over 14 metres

- 3.42 g/t Au over 9 metres and 2.28 g/t Au over 9 metres

- 2.20 g/t Au over 12 metres and 1.09 g/t Au over 14 metres

- 1.65 g/t Au over 17 metres

- 4.73 g/t Au over 5 metres

- 1.08 g/t Au over 22 metres

- 1.08 g/t Au over 20.15 metres

- 1.59 g/t Au over 13 metres

Core Drill Program Results to Date

The program to date also included 288.5 metres of core drilling in two holes to ascertain the geological and structural setting of the gold mineralization and to collect preliminary geotechnical information. Assay results from the first core hole, KGRC-001, were reported on September 5, 2007. The second core hole, KGRC07-002, which is located on line number L500E, intersected 1.99 g/t Au over 8.35 metres in a brittle quartz stockwork developed in siltstone. Mineralization also occurred in stockworks in a diorite host as three shorter intervals of 1.36 g/t Au over 1.55 metres; 1.90 g/t Au over 2 metres and 0.53 g/t Au over 1 metre.

Significant assay results from the second core hole and RC holes 40 to 64 are as follows:

HOLE ID Sampling Interval gold
from to Length Grade
x-utm y-utm Type (m) (m) (m) (g/t)
(core) 655590 1466238 DDH 64.15 72.5 8.35 1.99
and 78.45 80.0 1.55 1.36
and 83.6 85.6 2 1.9
and 96 97 1 0.53
KGRR07-040 655860 1466273 RC 36 43 7 1.70
KGRR07-041 655869 1466295 RC 18 22 4 3.77
KGRR07-042 655930 1466230 RC 46 67 19 0.81
KGRR07-043 655939 1466252 RC 33 41 8 1.17
KGRR07-044 655947 1466276 RC 15 23 8 1.10
KGRR07-046 656022 1466240 RC 36 45 9 1.59
and 53 61 8 0.70
KGRR07-047 656029 1466263 RC 20 46 26 1.22
KGRR07-048 656388 1466230 RC 45 48 3 2.65
and 56 68 12 1.53
and 81 100 19 1.15
KGRR07-049 656367 1466283 RC 14 22 8 1.28
and 33 74 41 1.07
and 106 112 6 1.15
KGRR07-050 656470 1466245 RC 46 52 6 1.03
and 55 57 2 2.51
KGRR07-051 656451 1466292 RC 8 16 8 2.12
and 27 35 8 1.07
and 48 57 9 1.84
KGRR07-053 656536 1466299 RC 23 44 21 1.51
KGRR07-055 656623 1466294 RC 22 26 4 1.55
and 32 47 15 2.12
KGRR07-056 656615 1466319 RC 19 26 7 1.36
KGRR07-057 656604 1466340 RC 2 13 11 0.75
and 16 25 9 1.06
and 53 61 8 1.05
KGRR07-058 656224 1466216 RC 66 71 5 2.54
and 105 112 7 0.87
KGRR07-059 656204 1466262 RC 30 36 6 1.45
and 69 73 4 3.12
and 91 99 8 6.54
KGRR07-060 656313 1466188 RC 84 94 10 0.98

All RC holes were spotted on sections no farther apart than 80 metres. Two RC holes were spotted on each section in the new eastern portion of the 1,500 metre length, and three holes were collared on the western section to intersect gold mineralization at -15, -30 and -45 metres.

True widths are 90-95% of core intervals. The dip of the gold mineralization, based on several 3-hole fences, is generally 45 degrees to the south, locally 60 degrees south. A surface plan showing the drill hole locations and orientations is available at www.goldrushresources.ca.

Future Exploration at Ronguen

To date drilling has been limited to a maximum depth of 80 metres in only 2 holes and the Ronguen Gold Zone is open below this level. The average overall gold grade is 1.8 g/t gold including higher-grade sections of up to 7.4 g/t gold. Plans have been established for the next phase of exploration of the Ronguen Gold Zone to begin during October, 2007 which will include a minimum of 1,700 metres of core drilling and 1,000 metres of trenching to:

- allow for an independent calculation of an inferred resource,

- expand the mineralized zone below 80 metres,

- drill along strike to test for easterly and westerly extensions of the gold zone,

- test a parallel structure located a few hundred metres to the south of the main Ronguen Gold Zone.

Goldrush's Strategic Plan

Through its Strategic Alliance, Goldrush has one of the largest land positions in Burkina Faso. Its permits cover a total of nearly 5,900 square kilometres in five separate groupings:

- the Kindo Group (Bissa North), which includes the Ronguen Gold Discovery, is located north of High River's Bissa project in the north-central region of the country,

- The Kaya Group (Bissa South), is located south of High River's Bissa project;
The Taparko Group surrounds High River's Taparko mine site in northeastern Burkina.

- the Hounde Group is in the southwest of the country the Falagountou Group, located adjacent to the Essakane gold deposit of Gold Fields Ltd. and Orezone Resources Inc. in the far northeast of Burkina Faso.

The Bissa South and Taparko Groups have had a limited amount of exploration work conducted by Goldrush as the Company is currently focusing its efforts on the Ronguen Gold Discovery. A 10,000 metre rotary air blast drill program is planned for Q4 on the Olongo and Bangbara permits in the Hounde area.

Goldrush, with its exciting new Ronguen Gold Discovery and extensive land position, is extremely well positioned in Burkina Faso both to develop early production at Ronguen, and to make new gold discoveries on all of its permits in the productive West African Gold Belt. The Company's strategic plan has two main components:

- to continue to expand and develop its exploration activities in Burkina Faso,
to acquire and explore new, high-potential exploration properties in other surrounding countries of the region.

Quality Assurance and Quality Control

Goldrush follows a strict sampling and QA-QC protocol. Details of this program for RAB, RC and core drilling are provided in Goldrush news releases dated September 19 and August 31, 2006 and January 15, 2007. Current assays were provided by an accredited assay laboratory, Abilab Laboratories in Ouagadougou, Burkina Faso. Mr. Driffield Cameron, P. Geo., Director of Goldrush, is the Qualified Person for this press release for the purposes of National Instrument 43-101.

About Goldrush: Goldrush is a mineral exploration company focused on gold
exploration in Burkina Faso, West Africa with an establishhed organization of people an projects to enable aggressive growth. Through a strategic alliance with High River Gold Mines Ltd. Goldrush can utilize High River's processing facilities and infrastructure without incurring all the capital costs associated with developing a standalone mine, thereby enhancing Goldrush's gold discoveries within trucking distance of the processing facility.



Len Brownlie - President

For further information, please contact Don Willoughby - Vice-President Corporate Development at (416) 607-7347 or Len Brownlie - President at (604) 602-9973

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.

About High River

High River is bringing two new open-pit gold mines into production this year, the Taparko-Bouroum Gold Mine in Burkina Faso (September) and the Berezitovy Gold Mine in Russia (4th quarter). Annual gold production from Taparko-Bouroum is planned at 100,000 ounces for the first 12 months increasing to over 140,000 ounces in the third year of operation, and annual production from Berezitovy is expected to exceed 100,000 ounces. Combined with gold production from High River's 85%-owned Russian subsidiary, OJSC Buryatzoloto, High River's attributable unhedged gold production is expected to be approximately 175,000 ounces in 2007, and to exceed 300,000 ounces in 2008. In addition, the Company has two advanced exploration projects, the Bissa Gold Project in Burkina Faso and the world-class Prognoz Silver Project in Russia. These projects are expected to significantly add to the Company's production profile in the future.

Forward Looking Statements - This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected. Risk and uncertainties about the Company's business are more fully discussed in the Management's Discussion and Analysis published in the Company's Annual Report and in the Annual Information Form.

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