Goldrush Resources Ltd.

Goldrush Resources Ltd.

June 19, 2008 15:50 ET

Goldrush Drilling Extends Gold Mineralization to Depth and Along Strike at Ronguen

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") is pleased to report the latest positive results from a program of reverse circulation ("RC") and core drilling conducted on its Ronguen gold deposit in Burkina Faso, West Africa. Ronguen is located on Goldrush's Kongoussi 1 and Tikare permits, 80 kilometres north of the capital city of Ouagadougou and only 6 kilometres northwest of High River Gold Mines' ("High River") sizable Bissa gold deposit.

Assay highlights from RC and core drilling completed during April and May include:

- 11.5 g/t Au over 4.8 metres, including 69.8 g/t Au over 0.75 metres

- 2.04 g/t Au over 16 metres

- 7.08 g/t Au over 3 metres

- 1.82 g/t Au over 10 metres

Len Brownlie Ph.D, President and CEO of Goldrush commented, "Ongoing exploration work on the Ronguen gold deposit continues to produce positive results that meet or exceed management's expectations. The Company is working to enlarge the deposit at Ronguen and has a target of doubling the gold resource before the end of 2008. It is important for shareholders to remember that Ronguen's proximity to High River's Bissa project and Goldrush's priority access to a mill built at Bissa, should such occur, as a consequence of its Strategic Alliance Agreement with High River, will significantly reduce the capital costs of developing an open pit deposit at Ronguen and bode very well for the development of this project."

This latest drill program, initiated after the receipt of a 249,000 ounce inferred gold resource estimate (5.9 million tonnes grading an average of 1.31 g/t gold, using a cutoff grade of 0.5 g/t gold), consisted of five RC holes totaling 512 metres and two core holes totaling 354 linear metres drilled to:

- extend the known zone of mineralization down-dip,

- complete an infill fence in the area of VLF-EM defined cross structures,

- confirm down-dip continuity of trench results in the northeast part of the deposit

Detailed Drill Program Results

All seven holes intersected gold mineralization, with the following significant intersections:

From To Interval Gold
HOLE ID X Y Type (m) (m) (metres) (g/t)
KGRR08-065 464 -10 RC 24 27 3 7.08
and 51 54 3 1.60
and 60 64 4 1.33
KGRR08-066 460 -50 RC 74 81 7 1.4
KGRR08-067 540 35 RC 78 88 10 1.82
KGRR08-068 1135 2 RC 1 6 5 1.74
and 11 25 14 0.79
and 29 45 16 2.04
KGRR08-069 1215 -45 RC 52 58 6 1.04
KGRC08-022 180 -120 DDH 113.6 115.9 2.3 1.86
KGRC08-023 740 -50 DDH 108.95 111.3 2.35 3.09
and 114.2 119 4.8 11.5
including 116.05 116.80 0.75 69.8

True widths are 90 to 95% of core intervals. A surface plan showing the drill hole locations and orientations is available at

Interpretation of Drill Results

The latest drill results support several previous geological interpretations. The drill data is reviewed in detail from west to east as follows:

L180E West Grid

Core hole KGRC08-022 was drilled 80m down-dip from an interval grading 1.08 g/t gold over 20.15 metres in DDH KGRC07-001. The mineralized zone was encountered at 113.6 metres (110 metres vertical) and grades 1.86 g/t gold over 2.3 metres. The geology of the new drill hole is consistent with previous drilling and the new intersection supports a previously interpreted easterly plunge in the western part of the Ronguen gold deposit.

L460E West Grid

RC holes KGRR08-065 and KGRR08-066 were drilled as an infill fence between two existing fences on L415E and L500E where the deposit is complicated by the presence of off-setting cross structures interpreted from VLF-EM data to be post-mineralization off-setting faults. Both holes returned positive assay results that are consistent with the presence of moderate to strong gold mineralization in a number of lenses and support the interpretation that the VLF cross structures displace the mineralized zone with left lateral movement.

L540E West Grid

RC hole KGRR08-067 intersected 10 metres of 1.82 g/t gold, 40 metres down-dip from an interval grading 0.97 g/t gold over 3 metres in RC hole KGRR07-029. The new intersection illustrates that mineralization in the Ronguen deposit occurs in a number of lenses with higher grade intersections often occurring below weaker intersections.

L740E West Grid

Core hole KGRC08-023 successfully extended the depth of the gold mineralization, with the mineralized zone encountered at 108.95 metres (100 metres vertical depth) and with intersections of 3.09 g/t gold over 2.35 metres followed by 11.5 g/t gold over 4.8 metres at a vertical depth of 110 metres.

L1140E East Grid

RC hole KGRR08-068 was drilled 30 metres below highly encouraging trench results including 3.31 g/t gold over 9 metres and 3.40 g/t gold over 12.5 metres in the northeast part of the deposit. Assay results confirm down-dip continuity and include 1.74 g/t gold over 5 metres and 2.04 g/t gold over 16 metres. These results confirm the potential for the deposit to be open along strike to the northeast.

L1220E East Grid

RC hole KGRR08-069, drilled under encouraging trench results in the northeastern part of the deposit, intersected a zone of barren diorite beneath a broad zone in the trench that had graded 0.99 g/t gold over 23 metres. A zone of 1.04 g/t gold over 6 metres was encountered in the lower part of the hole, some 70 metres down dip from an interval that graded 5.99 g/t gold over 18 metres in the same trench. Both intersections suggest that supergene remobilization of gold in the near-surface dioritic saprolite has occurred in this part of the deposit.

Continuation of Drill program

The resource estimate prepared by SRK Consulting (Canada) Inc. was published on SEDAR and the Company's website at on May 23, 2008 and included recommendations for an additional 3,000 metres of core drilling to expand the deposit at depth and along strike to the northeast. Further drilling at Ronguen has been temporarily delayed pending geological staff rotation and drill availability. Further drilling to extend the deposit down-dip and to the northeast will continue as soon as logistically possible.

From acquisition in early 2006 to present, the Company has completed 345 drill holes totaling 20,465 metres of rotary air blast, reverse circulation and diamond drilling at Ronguen.

Quality Assurance and Quality Control

Goldrush follows a strict sampling and QA-QC protocol. Details of this program for diamond drilling are provided in the Goldrush news release dated January 15, 2007. The results of the drilling program have been reviewed, verified (including sampling, analytical and test data) and compiled by the Company's geological staff. Current assays were provided by Abilab Burkina in Ouagadougou, Burkina Faso.

Recent presentation to the Richmond Club now available on Goldrush website

A presentation on the Company's exploration activities by Vice President of Corporate Development, Don Willoughby, was provided to investors at the Richmond Club on June 11, 2008 and is now available for review on the Company's website.

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 with an established organization of people and projects to enable aggressive growth. Through a strategic allliance with High River Gold Mines Ltd., Goldrush has the ability to access High River's processing facilities and infrastructure without incurring all the capital costs associated with developing a stand-alone operation, thereby enhancing the economics of gold deposits within trucking distance of the processing facility.

For further information on Goldrush Resources Ltd., shareholders and other interested parties are invited to visit the Company's website at



Len Brownlie - President

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.

Contact Information

  • Goldrush Resources Ltd.
    Don Willoughby
    Vice-President Corporate Development
    (416) 607-7347
    Goldrush Resources Ltd.
    Len Brownlie
    (604) 602-9973
    (604) 681-5910 (FAX)
    Goldrush Resources Ltd.
    Investor Relations