Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

December 01, 2010 11:50 ET

Goldrush Intersects 6.72 g/t Gold Over 8 Metres on Westernmost Section of Ronguen Deposit Grid, and 32.95 g/t Gold Over 1 Metre on Adjacent Section

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2010) - Goldrush Resources Ltd. (TSX VENTURE:GOD) reports a potentially significant drill intersection on the westernmost line of the G2 grid that covers the western portion of the Ronguen gold deposit in Burkina Faso, West Africa. Reverse circulation ("RC") hole KGRR010-105 intersected 6.72 g/t gold over 8 metres in an altered, pyritized diorite cut by quartz veinlets, which is centered at the transition between saprolite and fresh rock at a vertical depth of 44.50 metres. This drill hole cut an area of mineralization that is open to the west and is on trend of a number of areas of elevated soil and rock geochemistry and artisanal mining sites that extend up to 12 kilometres to the west of the Ronguen gold deposit.

Goldrush has also intersected 32.95 g/t gold over 1 metre in a saprolitized metasediment centred at 6.70 metres vertical in RC hole KGR010-102 which is located on the adjoining section 40 metres to the east of hole KGRR010-105.

Goldrush President & CEO Len Brownlie, Ph.D commented that the assay data from these two holes suggests that significant gold mineralization may occur to the west of the currently drilled portion of the Ronguen Deposit. Further RC drilling is planned in December and January, 2011 for the area to the west of hole 105, and exploration will continue along the 12 kilometre trend to the west.

Assay Results

Significant assay results from the final eight RC holes drilled on the western G2 grid in the Phase 2 – 2010 drill program are noted above and in the following table:

   Line  Station        Inter-  Gold  Vertical
  (Grid (Grid   From To section2 Grade depth1
Hole ID Co-ord) Co-ord) Grid (m) (m) (m) (g Au/t) (m)
KGRR010-098 620E 21N G2 48 49 1 1.53 39.7
  and       58 64 6 0.93 50.0
  and       103 106 3 0.50 85.6
KGRR010-100 340E 1S G2 16 21 5 1.43 13.0
KGRR010-101 260E 5N G2 18 19 1 0.89 13.1
  and       22 24 2 0.65 16.3
  and       31 32 1 1.88 22.3
KGRR010-102 20E 10N G2 9 10 1 32.95 6.7
  and       21 22 1 0.72 15.2
KGRR010-105 20W 54S G2 37 38 1 1.11 32.5
  and       47 55 8 6.72 44.2
  including       47 48 1 25.90  
KGRR010-106 460E 20N G2 1 4 3 1.65 1.8
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.
Note: Holes KGR010-103 and KGR010-104 did not intersect any gold mineralization at or above a cut-off of 0.5 g/t gold

Drill hole lengths varied from 30 to 120 metres, with inclinations of -45 to -60 degrees and an azimuth of 24 degrees. A total length of 496 metres in the eight RC holes was sampled and submitted for assaying. A surface plan showing the drill hole locations is available at www.goldrushresources.ca.

Ongoing Exploration

Goldrush is awaiting assay results from three trenches excavated on the northeastern border of the G1 (eastern) grid and from a 4,000 metre RAB drilling program that tested new targets on the two permits that host the Ronguen deposit. This RAB drilling program included holes to probe the area to the north of hole KGRR010-099 to help delineate the limits of that interpreted area of supergene enrichment (see Goldrush news release #15-2010, dated November 17, 2010 for full details). A contract has been signed for a 5,000 metre RC drilling program on the permits that contain the Ronguen deposit. This program will commence in mid-December or early January, depending on rig availability and will be operated on a two shift per day basis, thereby accelerating the program.

Trenching, ground geophysical and RAB drilling programs will also be initiated shortly on the prospective Ouavousse and Salbo permits.

Quality Assurance/Quality Control

Goldrush maintains a rigorous quality control program involving the use of repeat assays, inserted blanks and the use of certified standards from an accredited Canadian laboratory. 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, 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 7.25% 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.

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