Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

May 31, 2006 09:30 ET

Goldrush Receives Preliminary Exploration Results From Kindo/Kaya Group Permits in Burkina Faso, West Africa

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2006) - Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") has received from High River Gold West Africa (TSX:HRG) ("High River"), the manager of its exploration programs, preliminary exploration results from recent work conducted on the Kindo/Kaya Group permits. The Company acquired these permits through a Strategic Alliance Agreement with High River in January 2006.

The Kindo/Kaya Group permits are located on the Boromo greenstone belt in north-central Burkina Faso, beginning approximately 40 km north of Ouagadougou, and consist of five exploration permits covering an area of approximately 1,105 square km. The Tikare and Kongoussi I permits lie approximately 25 km southeast of Orezone’s Sega Project and 6 km to the northwest of High River’s Bissa Project. High River has recently completed an extensive drilling program on Bissa and has established a substantial mineral resource estimate [See High River News Releases dated December 14, 2005, February 23, 2006 and May 23, 2006]. Readers are cautioned that the above information is not necessarily indicative that gold mineralization present on the Bissa property continues onto the Kindo/Kaya group properties. The Mane, Noungou and Nahili permits lie approximately 30 to 40 km southeast of the Bissa Project. Of the five permits, only the Tikare permit has received previous exploration work.

Two artisanal mining sites – Kilou and Badinogo- were investigated on the Tikare permit in 2004 with 8 trenches and 9 reverse circulation ("RC") drill holes by Jilbey Gold Exploration Ltd. ("Jilbey"). As detailed in the Company’s recent Technical Report by SRK Consulting (Canada) Inc. ("SRK"), six trenches were excavated at Badinogo over four vein structures which have a total strike length of 800 m. Of the 127, 2- meter samples collected (see QA/QC section below), six samples assayed above 0.5 gpt gold, with values ranging from 0.65 to 2.54 gpt gold. Nine RC drill holes (six at Badinogo; three at Kilou) produced 915 1- meter samples from which 29 yielded assay results ranging from 0.11 to 10.3 gpt gold. In the opinion of SRK, considering the success of High River and Jilbey on adjacent permits and considering the early indications of gold mineralization in bedrock obtained on the Tikare permit, the exploration potential of the Kindo Group permits is considered to be excellent. While the three Kaya Group permits were unexplored at the March 31 date of SRK’s report, the presence of small, authorized artisanal mining sites on the Mane permit attests to the favourable exploration potential of this area.

The Company’s exploration team has recently conducted preliminary mapping and rock sampling on the Mane, Kongoussi I, Tikare and Noungou permits. The significant assay results from artisanal mining sites on each permit are as follows:

Mane Permit

Preliminary mapping and rock sampling have been conducted over 11 artisanal mining sites located within the Mane permit. A total of 75 rock samples were taken and 28 samples returned assays greater than 1 gpt gold. Details of the sampling results are provided in the following table:



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Minimum Maximum Mean
Assay Assay Assay
Sampling Number of Value g/t Value g/t Value g/t
Location Samples gold gold gold
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M-1 15 0.005 6.02 0.46
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M-2 5 0.63 7.81 3.94
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M-3 7 0.03 4.21 1.05
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M-4 6 0.01 1.60 0.66
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M-5 2 2.72 8.58 5.65
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M-6 4 0.02 4.76 1.72
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M-7 1 - - 2.01
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M-8 11 0.13 6.92 1.57
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M-9 14 0.02 5.90 1.52
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M-10 7 0.05 3.53 0.98
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KO 3 0.02 5.20 1.76
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Total 75 Overall mean 1.45
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The exploration team considers these results very significant for the first reconnaissance sampling program over a previously unexplored permit. Preliminary geological mapping suggests that the gold showings are associated with shearing along a northeast trending contact between granitic and gabbroic rocks. One of the artisanal mining sites, KO is very active and located near a village of about 2,000 people many of whom are mining and milling the gold mineralization. Regional mapping at 1:20,000 scale and regional rock and soil sampling at 400 x 400 m intervals over the entire permit is in progress.

Kongoussi I Permit

Four areas of artisanal workings have been identified on the permit, however, only one – the RO site – yielded significant anomalous gold values from preliminary rock sampling. The RO site extends east-west for approximately 1 km and the anomalous trend extends west onto the adjoining Tikare permit. A 3 km baseline has been established to provide control for mapping and rock sampling. In the initial sampling program, 45 rock samples were taken over a strike length of 1 km and submitted for assaying. Eighteen, samples assayed greater than 1 gpt gold, to a maximum value of 12.58 gpt gold. Gold mined at the RO site includes that taken from significant quartz veining in mafic schists and metasediments along an interpreted major contact. Regional mapping at 1:20,000 scale and regional rock and soil sampling at 400 x 400 m spacings over the entire permit is in progress. In total, 251 rock samples, 592 soil samples, and 71 control samples have been submitted for assaying. The RO artisanal mining site has been mapped at 1:1,000 scale, with a perimeter area receiving 1:5,000 scale mapping. Detailed channel sampling of shafts and open pits at the RO site returned the following assays:



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Minimum Maximum Mean
Assay Assay Assay
Sampling Interval Number of Value Value Value
Location Shaft or pit (m)(i) Samples g/t gold g/t gold g/t gold
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R1 Vertical shaft 4.0 4 0.17 0.71 0.38
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R2 Vertical shaft 2.3 3 0.08 0.79 0.37
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R3 Vertical shaft 3.7 4 0.22 2.03 1.23
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R4 Pit 6 6 1.84 24.00 10.48
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R5 Vertical shaft 7 7 1.17 6.20 380
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R6 Vertical shaft 8 8 0.41 7.68 3.22
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R7 Pit 7 7 0.47 7.80 2.76
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R8 Pit 6 6 0.63 5.40 2.64
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R9 Pit 11 12 0.15 11.76 5.33
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R10 Pit 13 13 0.67 8.40 5.17
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R11 Pit 6 6 0.49 9.30 3.48
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Total 76 Overall mean 4.08
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(i) true width unknown


Assay results from 110 rock samples, taken in outcrop surrounding the RO site, provided minimum, maximum and mean assay values of 0.005, 12.58 and 1.26 gpt gold, respectively. These 110 samples include the 45 samples noted above. The exploration team considers these results very significant for a first reconnaissance sampling program over a previously unexplored permit.

Tikare Permit

Work has been conducted on two areas of the Tikare permit. The Kilou target area, defined by regional surveys in 2005, is considered the highest priority target. A 6.5 km baseline has been established, with grid emplacement for 100 x 100 m soil sampling, 1:5,000 scale geological mapping and rock sampling. Mapping was conducted over an area of 22.2 km2. In total, 336 rock samples, 988 soil samples and 90 control samples have been submitted for assaying. Assay results are pending.

The second target is the western extension of the RO site from the Kongoussi I permit. Two artisanal mining sites have been identified: one 2.5 km west of the RO site and one at 5.5 km west of the RO site. One rock sample from each site returned assays of 3.44 and 1.47 gpt gold, respectively. Further work is planned on theses sites to follow-up on these results.

Noungou Permit

One day of prospecting has identified a single area of interest which yielded one anomalous sample out of 5 rock samples taken. The anomalous sample assayed 5.9 gpt gold. Further work is planned on the Noungou permit to follow-up on this result.

Similar exploration programs are underway on the Company’s Taparko group and Hounde group permits and results will be published as soon as they are received. The work is being carried out by a team composed of 7 geologists, 12 technicians and 16 support staff. Goldrush has a minimum 2006 exploration budget of approximately US$2.2 million (C$2.5 million). Goldrush has recently closed two private placements which provided gross proceeds of C$3.52 million and is well capitalized for the completion of the 2006 exploration program.

Quality Assurance and Quality Control

Rock Sampling

For rock sampling, most samples consist of composite grab samples taken within a 5 m radius, broken from bedrock with a rock hammer to provide a final weight of 2-3 kg. One blank sample, similar in size and appearance to regular samples and one standard are included in each batch of 20 samples sent to the Abilab laboratory in Bamako, Mali. At Abilab rock samples are coarsely crushed and up to 1 kg is pulverized to a minimum of 95% of the sample passing -200 mesh (with tests on granulometry). Assays are conducted on a 50 g sub-sample by fire assay with atomic absorption finish ("AA"). Internal laboratory QA/QC includes insertion of blanks and standards as well as repeats, which are in part random and in part targeted on highergrade samples. Most samples grading greater than 5 gpt gold are also checked by fire assay with a gravimetric finish and another pulp split. The lowest of the three assay values (original, repeat and fire assay/gravimetric finish) have been reported in the above tables.

Soil Sampling

For soil sampling, most samples are taken at about 70 cm depth, dug with a pointed metal bar and collected with an aluminum ladle which provides a final sample weight of 2-3 kg. One blank (similar in size and appearance) is inserted in each batch of 20 samples sent to the Abilab laboratory in Bamako, Mali for assaying. At Abilab the whole sample is coarsely crushed and up to 1 kg is pulverized to a minimum of 95% passing -200 mesh. Assays are performed on a 50 g split sample by aqua regia/MIBK/graphite furnace and AA finish. Internal laboratory QA/QC includes insertion of blanks and standards as well as repeats, which are in part random and in part, targeted on higher-grade samples.

Dr. Jean-François Couture P.Geo, Principal Geologist with SRK, is the Qualified Person for the purpose of National Instrument 43-101. Dr. Couture reviewed the technical information contained in this news release.

Grant of Options

The Board of Directors has granted an employee incentive stock option for the purchase of 50,000 common shares at a price of $0.30 per share for a period of three years to a key employee.

ON BEHALF OF THE BOARD OF DIRECTORS, GOLDRUSH RESOURCES LTD.

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.

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