Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

September 07, 2010 10:30 ET

Goldrush Announces Positive Results of Phase 1-2010 Core Drilling Program to Expand Ronguen Gold Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2010) - Goldrush Resources Ltd. (TSX VENTURE:GOD) (Goldrush or the "Company") President & CEO Len Brownlie, Ph.D 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, has been completed and assay results have now been received from all 12 core holes.

Assay highlights include:

4.47 g/t gold over 7.6 metres (including 33.8 g/t gold over 0.8 m)

3.37 g/t gold over 7.2 metres

1.49 g/t gold over 9 metres (including 3.35 g/t gold over 3.15 metres)

1.33 g/t gold over 10 metres (including 6.31 g/t gold over 1.1 metres)

The primary objective of the 2010 drilling and trenching program is to test the Ronguen Main Zone deposit gold mineralization down dip to the south from 80 to 160 metres vertical. Eighty metres was the vertical limit of the Ronguen mineralized zone as defined in the latest (May 2008) mineral resource estimate report by SRK Consulting (Canada) Inc. which calculated 5.90 million tonnes containing 249,000 inferred ounces of gold at an average grade of 1.3 g gold/tonne (Source: Goldrush news release, April 29, 2008).

The assay results confirmed the extension of gold mineralization down-dip to the south to depths of 160 metres vertical in 11 of the 12 holes. Significant intersections are included above in assay highlights and in the Table of Assay Results. Drill holes 28, 30, 32 and 34 returned intersections of particular interest, with visible gold being identified in holes 28, 32 and 34. A surface plan showing the drill hole locations is available at www.goldrushresources.ca.

The Ronguen Deposit occurs north of a south dipping thrust fault within a thick zone developed in fine grained graphitic sedimentary rocks intruded by diorite. The gold mineralization is associated with arrays of quartz-carbonate veins and disseminated and veinlet pyrite developed within a major south dipping brittle-ductile deformation zone.

Both the Ronguen Main and South Zones are located six kilometres northwest of the High River Gold (TSX:HRG) Bissa Gold Deposit on which 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). High River is conducting a feasibility study for production at the Bissa Deposit.

Drill hole lengths varied from 145 to 190 metres, and inclinations varied from -50 to -80 degrees. A total linear length of 1,038 metres was sampled with 1,126 core samples, all submitted for assaying; additional core samples may be analyzed following receipt and interpretation of the assay results from Phase 2 of the current drilling and trenching program.

Assay Results

Significant intercepts are found in the following table:

 Hole ID Line (Grid coord) Station (Grid coord) From (m) To (m) Sampling Interval (m) Gold (g/t) Vertical depth (m)
KGRC010-24 1220 E 230 S 86.40 87.90 1.50 1.20 -81.9
      90.60 91.50 0.90 1.65 -85.5
      94.80 95.50 0.70 1.91 -89.5
      101.95 105.00 3.05 1.57 -97.3
      123.60 124.30 0.70 0.55 -116.5
      134.50 136.00 1.50 2.60 -127.4
      162.20 163.05 0.85 3.15 -152.9
KGRC010-025B 1140 E 235 S 105.25 106.55 1.26 1.30 -102.3
      168.70 169.35 0.65 0.75 -163.2
KGRC010-026C 1060 E 232 S 141.25 142.00 0.75 1.26 -139.4
      146.10 148.65 2.55 1.19 -145.2
KGRC010-027B 970 E 212 S 142.5 145.85 3.35 1.92 -139.3
        including 0.9 4.89  
      148.7 149.5 0.80 0.55 -144.0
      153 153.7 0.70 0.79 -148.2
      155.45 158.15 2.7 1.11 -151.5
KGRC010-028 900 E 157 S 126 133.6 7.6 4.47 -125.4
        including 0.8 VG 33.8  
KGRC010-029 820 E 144 S 136 138 2 2.19 -131.8
      154 155 1 1.38 -149.2
      158 159 1 0.53 -153.1
      164 165 1 0.52 -158.9
KGRC010-030 820 E 109 S 102 111 9 1.49 -81.6
        including 3.15 3.35  
      116 119 3 1.05 -90
      143 149.15 6.15 0.79 -111.9
KGRC010-031 900 E 12 S 126.1 131 4.9 1.04 -120.8
        including 1.05 3.54  
KGRC010-032 660 E 60 S 116 126 10 1.33 -116.9
        including 1.1 VG 6.31  
KGRC010-033 500 E 120 S 137.6 140 2.4 2.19 -134
KGRC010-034 340 E 145 S 98.8 106 7.2 VG 3.37 -98.9
      110 112.2 2.2 2.16 107.3
      123 124.15 1.15 1.14 -119.4
      137 140 4 0.65 -133.8
      142 144 2 1.23 -138.1
      151 157 6 0.92 -148.8
      160 161 1 1.92 -155

1 "Vertical depth" is the calculated depth to the centre of the intersection.
2 True widths are determined to be 90 to 95% of core intervals.
3 VG: Visible gold identified in the intersection

Future Exploration

Phase 2 of the program is planned to consist of 36 reverse circulation ("RC") drill holes totaling 3,206 metres and three trenches aggregating 360 metres. This deeper drilling is similar in approach to Phase 1 and will provide additional results from nine drill sections. Details of the full scope of the planned 2010 Ronguen exploration were announced in news releases dated June 1 and 7, 2010 which can be found on the Company's website at www.goldrushresources.ca. An updated resource estimate is planned once the fall 2010 drilling and trenching program is completed and analyzed.

Quality Assurance/Quality Control

The diamond drilling was contracted to Forages Technic-Eau Burkina SARL, the Burkina Faso subsidiary of Forages Technic-Eau of Sherbrooke, Quebec. All core was HQ size (63.5 mm in diameter), with the exception of 90 metres of core from hole 029 which was drilled in NQ size due to ground conditions. Core recovery was generally very good, averaging 97.9%.

The logging and sampling of the drill core was carried out at Goldrush's secure, guarded compound in the nearby town of Kongoussi where the core is also stored. Company security is provided at the drill site and during transportation of core and core samples. For sampling, the core is logged, generally divided into standard sampling intervals of one metre, and sawn in half with a rotary saw using a diamond studded blade. The samples were logged, sealed and delivered by Goldrush personnel to the ALS Chemex laboratory in Ouagadougou, Burkina Faso. At the laboratory the samples were crushed to provide a 250 – 300 gram subsample which was pulverized to 90% passing -150 mesh and from which a 50 gram charge was prepared and analysed by industry standard fire assaying with atomic absorption finish. For its internal control, ALS Chemex inserted two certified standards, one blank and analysed one random duplicate for approximately each 25 samples submitted. For its certified standard and blank samples included in the QA-QC procedure, Goldrush averaged 9% of the total samples submitted.

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.

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.

Contact Information