Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

May 25, 2011 07:00 ET

Goldrush Intersects 2.60 g/t Gold Over 12 Metres and 1.93 g/t Gold Over 12 Metres in North Zone Drilling at Ronguen Gold Deposit, Burkina Faso

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2011) -Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") President & CEO Len Brownlie, Ph.D is pleased to report assay results from the an additional seven holes of a reverse circulation ("RC") drilling program on the Company's Ronguen Gold Deposit (an inferred resource of 5.9 million tonnes at a grade of 1.31 grams per tonne (g/t) gold, containing 249,000 ounces of gold) in Burkina Faso, West Africa. The highlights of the drilling results on the new North Zone are RC holes KGRR011-129 and -123:

  • 2.60 g/t Au over 12 metres, in hole KGRR011-129 centered at a vertical depth of 31.9 metres
  • 1.93 g/t Au over 12 metres in hole KGRR011-123 centered at a vertical depth of 29.5 metres

In hole KGRR011-129, grades in the mineralized interval ranged from 0.4 g/t to 6.03 g/t Au. In hole -123, drilled 105 metres south of hole -129 on the adjacent section (970E), 45 metres to the west, gold grades in the mineralized interval ranged from 0.74 g/t to 4.11 g/t Au.

Hole KGRR011-129 on section 1015E, 50 metres north of the northern limit of the Main Zone gridding, is located on the G1 grid, the eastern of two overlapping grids at the Ronguen deposit, This hole was collared approximately 130 metres northeast of hole KGRR010-096 that was drilled on section 970E and which intersected 7.63 g/t gold over 15 metres at a depth of 12.7 metres, and 3.17 g/t gold over 22 metres at a depth of 31.1 metres (Goldrush news release #13-2010, October 25, 2010).

Assays results received from five additional RC holes on the G1 grid returned the following significant composites:

  • 1.31 g/t Au over 15 metres in hole KGRR011-122
  • 1.14 g/t Au over 14 metres and 1.04 g/t Au over 12 metres
    and 2.29 g/t Au over 7 metres in hole KGRR011-124

The assay results from RC holes 122 - 126, 129 and 144 have confirmed the presence of gold mineralization in areas of the new North Zone that had little prior drilling. The density of drill holes in this area is designed to define and to enable the North Zone gold mineralization to be easily incorporated into an upgraded 2011 Ronguen resource estimate. A surface plan showing the drill hole locations is available at www.goldrushresources.ca.

Assay Results

Significant intersections are noted above and in the following table:

Hole IDLine (Grid Co-ord)Station (Grid Co-ord)

Grid
From (m)To (m)Intersection (m)Gold Grade (g Au/t)Vertical depth (m)1
KGRR011-12210150G13630.674.1
and1530151.3118.4
and383910.9231.5
and455490.7540.5
KGRR011-123970-55G1252610.8620.9
and3042121.9329.5
and474811.3438.9
and565711.0046.3
KGRR011-12497030G1014141.145.7
and1830121.0419.7
and323310.6226.6
and363932.6730.7
and545620.7645.0
and596672.2951.2
and717211.4258.6
and737410.5060.2
KGR011-12597070G1141511.4511.9
and202220.6117.6
and303110.7825.0
and424420.7535.2
KGR011-126900165G1151610.5612.7
KGR011-129101550G191340.604.0
and151611.6712.7
and282910.5023.3
and3345122.6031.9
KGR011-14493540G12531.412.90
and141510.7411.9
and394010.6332.4
and475140.5040.1
and596010.8548.7
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 Complete assays for holes KGR011-127 and -128, and -130 to -143 have not been received.

Drill hole lengths varied from 54 to 134 metres; all holes were drilled with a common inclination of -55 degrees. A total of 546 metres was drilled in the seven RC holes and continuously sampled at one metre intervals for assaying.

Ronguen Deposit Mineralization

The Ronguen gold deposit is located within the northeastern part of the highly prospective Birimian age Boromo greenstone belt in Burkina Faso. The local geology at Ronguen is dominated by an east northeast ("ENE") trending metasedimentary sequence consisting of interlayered siltstone, mudstone and minor conglomerates that are intruded by plugs, and narrow dykes and sills of gabbroic composition. The Ronguen mineralized zone is located in the structural footwall of a major ENE thrust fault which recorded a tectonic transport direction towards the north. The mineralized deformation corridor represents a major ENE trending high angle reverse fault zone, dipping moderately to steeply towards the south. Gold mineralization is found in both metasedimentary and mafic intrusive rock; there are no obvious lithological controls yet recognized at this epigenetic gold deposit. The gold mineralization is associated with quartz-carbonate veins/veinlets and with sulphides occuring as disseminations, veinlets and patches. Two sets of gold-bearing quartz veins are developed: subvertical shear veins parallel to the shear zone foliation and to the shear zone boundaries, and subhorizontal extension veins. Small quartz stockworks are present and represent a part of the gold mineralization.

Ongoing Exploration

Because of significant delays at the assay lab, the Company is awaiting reverse circulation drilling assay results from an additional seven holes drilled on the G1 grid, eleven holes drilled on the G2 (western) grid, and 8 holes drilled on other target areas on the two permits that host the Ronguen gold deposit, as part of the Company's ongoing 10,000 metre RC drilling program. As of May 21, the RC drill had completed 4,265 metres on the Kongoussi permit (Ronguen deposit and Pouni regional target), 1,057 metres on the Tikare permit (Kilou-West target), 1,162 metres on the new Liki permit and 3,196 metres on the Company's new Nakiambouri and Gonaba Est permits. The current RC drilling program will conclude by May 29, after an additional 220 metres have been drilled on the Kilou-West (Tikare permit) target.

To follow-up on promising drilling results the Company has entered into contracts with Forages Technic-Eau/Burkina Sarl and Projet Production International BF Sarl), respectively to drill 10,000 metres of RC and 8,000 metres of core, during the third quarter of 2011.

Quality Assurance/Quality Control

Goldrush maintains a rigorous quality control program involving the use of certified standards from an accredited Canadian laboratory, inserted blanks, and the use of repeat assays. Details of Goldrush's quality control program were provided in the Company's News Release #2010-13, dated October 25, 2010.

The ALS Chemex laboratory in Ouagadougou, Burkina Faso was used for sample analysis. For its internal control, ALS Chemex inserted two certified standards and one blank, and analyzed one random duplicate for approximately each 25 samples submitted. For its certified standard and blank samples included in the QA-QC procedure, Goldrush averaged 11.0% of the total samples submitted.

The drilling was contracted to West African Drilling Services Pty Ltd. based 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 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.

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