Goldrush Resources Ltd.

Goldrush Resources Ltd.

February 17, 2009 13:09 ET

Goldrush Reports Positive Gold Assays From Salbo and Ouavousse Permits, Burkina Faso, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2009) - Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") is pleased to report positive final results of rock sampling conducted on the Salbo permit, located 60 kilometres ("km") by paved highway north of Ouagadougou, the capital of Burkina Faso. The 146 km2 Salbo permit is directly south of the southern border of High River Gold Ltd.'s Bissa gold project, which is currently undergoing a feasibility study. Salbo is approximately 35 km south of Goldrush's flagship Ronguen gold project that hosts a 249,000 ounce inferred gold resource (5.9 million tonnes grading an average of 1.31 g/t gold, using a cutoff grade of 0.5 g/t gold).

Significant rock sampling assays from Salbo include:

30.90 g/t Au
28.12 g/t Au
23.80 g/t Au
13.81 g/t Au
10.45 g/t Au
9.49 g/t Au
9.45 g/t Au
8.29 g/t Au
8.00 g/t Au
6.41 g/t Au

The extensive rock sampling conducted during 2008 (363 rock samples + 20 blanks + 21 local standards) and geological mapping (236 km2 at 1:20,000 scale) has revealed that a previously identified soil anomaly of 1,785 ppb Au obtained from the reconnaissance scale (500 x 500 metre) program occurs near a major contact between a granitic intrusive and metasediments that have been cut by quartz veins. Of the 363 rock samples taken on the permit, 20 assays returned greater than 1.2 g/t gold, to a maximum of 30.9 g/t gold. Twelve of the high grade rock samples were collected near the main artisanal site that overlies the soil anomaly.

The combination of rock and soil sampling and geological mapping has identified three NE-SW mineralized trends on the permit. The main trend extends for at least 2 km and includes the main Salbo artisanal site and an associated site to the southwest (Salbo Southwest). The second trend is over 500 metres in length and runs parallel to the main trend, some 1.5 km to the northwest. The third trend has been traced for over 100 metres and runs parallel to the northern portion of the main trend, at a distance of approximately 1.5 km to the southeast. A map showing the significant rock and soil anomalies and mineralized trends is available at

Exploration results from the Ouavousse Permit

The Ouavousse permit (165.91 km2) is located approximately 80 km south of High River's Taparko gold mine and covers a portion of the regional Markoye fault from which the Taparko host structure is a splay. Resampling of an old trench (OTR1) located near the center of the permit and excavated at the contact between sheared metasediments and a gabbro-diorite intrusive assayed 1.52 g/t gold over 5 metres, confirming a previous operator's assay of 1.77 g/t gold over 4 metres. Additional soil sampling on a 200 x 200 metre grid surrounding the trench led to the discovery of a 218 ppb Au soil anomaly located 1.7 km southwest of the trench along strike with the shear noted in the trench. Extensive rock sampling of the permit revealed that of 784 rock samples, 17 samples contained greater than 1 g/t gold to a maximum of 9.25 g/t gold over a total distance of 1.2 km. With the exception of one sample of quartz float returning 5.29 g/t, the samples were collected near the Poessin artisanal sites, located approximately 7 km northwest of the OTR1 trench.

Follow-up work programs on these important discoveries have not been finalized but will include a combination of trenching and rotary air blast drilling. With the price of gold currently ascending, management is prepared to entertain a number of financing alternatives in order to secure funds to recommence drilling on its flagship Ronguen gold deposit and to conduct further exploration on the Company's other exploration permits in Burkina Faso.

Quality Assurance and Quality Control

Goldrush follows a strict sampling and QA-QC protocol. For rock sampling, most samples consist of composite grab samples taken within a 5 metre radius, broken from bedrock with a rock hammer to provide a final weight of 3-5 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 Ougadougou, Burkina Faso. 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 subsample by fire assay with atomic absorption finish ("AA" can be deleted because the abbreviation is not used subsequently in the PR.). 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. Most samples grading greater than 5 gpt gold are also checked by fire assay with a gravimetric finish on another pulp split. The lowest of the three assay values (original, repeat and fire assay/gravimetric finish) has been reported in the above tables.

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.

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.

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