Goldrush Resources Ltd.

Goldrush Resources Ltd.

December 07, 2011 07:00 ET

Goldrush Rock Sampling Upgrades Targets and Leads to Drilling Decision on Ouavousse Permit, Burkina Faso, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2011) - Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF) ("Goldrush" or the "Company") is pleased to announce that recent investigations including mapping, rock sampling and structural interpretation at four previously identified gold bearing areas on the 244 square kilometer Ouavousse permit in central Burkina Faso have confirmed the presence of prospective targets for follow-up exploration. A 2,800 metre reverse circulation drilling program commenced on the permit on December 5, 2011.

Commenting on the drill program, Goldrush President and CEO Len Brownlie said: "The decision to immediately drill several highly prospective targets on Ouavousse comes as a direct result of recent site visits conducted by Goldrush exploration staff who have collected rock samples with favourable gold values from well established artisanal mining sites. On our most recent visit on November 24, we observed over 250 artisanal workers mining gold bearing quartz veins that appear to have significant size potential. This combination of favourable geology, structure and apparent width and strike length have caused us to accelerate exploration of this permit. Our exploration team, led by Chief Geologist John Learn and Vice President Driff Cameron have been exceptionally busy and will have organized drill programs totaling 23,000 metres on six Goldrush permits during the fall 2011 drilling campaign. All of these programs will be completed by year-end and assay results from these programs will provide a steady flow of news into the new year."

It is note-worthy that the Ouavousse permit is immediately west of, and crossed in part, by the interpreted corridor of the Markoye Fault, a major NNE trending structural zone (and possible Porcupine-Destor Fault analogue), which has been traced for over 400 kilometres in Burkina Faso. A number of substantial gold deposits, two which have been brought into production (Taparko in 2007 and Essakane in 2010), are associated with the Markoye corridor, as are other deposits and occurrences.

The main Ouavousse and OTR-1 trench (1.58 g Au/t over 5 metres by Goldrush in 2007) areas occur immediately adjacent to the Markoye Fault on related oblique structures. A 300 metre long artisanal mining site has developed within the last two years at the OTR-1 site, as well as two main artisanal site trends of 400 (North trend) and 600 (South trend) metres located 700 metres on strike to the southwest. The total potential strike length of this structure appears to be at least 1,700 metres. The North trend provided eight grab samples, composed of quartz veining and mineralized and deformed granodiorite, which ranged from 7.13, 6.16, 5.72, 2.2 to 0.44 g Au/t, averaging 3.02 g Au/t. Ten samples from the auriferous South trend gave values ranging from 0.99 to 0.01 g Au/t, and averaging 0.39 g Au/t.

In 2009, the permit was extended to the north to include two orpailleur areas. At Sale, quartz veining in highly deformed host rock has been mined to shallow depth over a strike length of approximately 365 metres, and at Kooligri A, a 30 metre trend of orpailleur shafts is located about 650 metres north of the Kooligri B artisanal mining area which is 225 metres long. At both Kooligri sites, quartz veining is hosted in strongly deformed schist. The five rock samples from Sale produced values up to 1.25 g Au/t. The two samples from Kooligri A produced a best value of 1.58 g Au/t, and the seven from Kooligri B returned a high value of 9.77 g Au/t. A single sample from a small orpailleur site located between Sale and Kooligri assayed 2.57 g Au/t.

The Poessin area of four mineralized artisanal mining sites, all with shafts in excess of 30 metres deep, is located approximately seven kilometers northwest of the Ouavousse/Markoye area occurrences, was extensively sampled in late 2007, and is noted in Goldrush news releases of April 30, 2008 and February 17, 2009. Site 1, with grab samples of 9.245 and 1.24 g Au/t at its northeastern end where the mineralization is covered by laterite, and with samples grading 2.77 and 1.13 g Au/t from a 40 centimetre thick quartz vein about 300 metres to the southwest, has a strike length potential in excess of 400 metres. Poessin artisanal site 2 has two trends of 200 and 50 metres, with respective rock sample high values of 6.02 and 6.80 g Au/t. Site 3 is approximately 400 metres long and has a grab sample high of 6.045 g Au/t.

Location maps showing Goldrush's rock sampling results are available at

Goldrush follows a strict sampling and QA-QC protocol. Details of this protocol for rock sampling can be found in the Goldrush news release dated February 17, 2009.

Mr. Driffield Cameron, P. Geo., Vice President, Exploration 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.

About Goldrush: Goldrush is a Canadian mineral exploration company which has successfully focused on gold exploration in West Africa, where the company has discovered, and is currently expanding and defining the 249,000 ounce (inferred resource of 5.9 million tones at a grade of 1.31 g/t Au) Ronguen gold deposit in Burkina Faso.

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



Len Brownlie – President and Chief Executive Officer

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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