Goldrush Resources (CVE:GOD)(OTCQX:GDRRF) late Tuesday reported assay results from six of 18 core holes drilled as part of a 10,140-metre fill-in program on the company's Ronguen Gold Deposit in Burkina Faso, West Africa.
Among the highlights of the drilling results, in hole KGRC11-036, the
company encountered 6.92 grams per tonne (g/t) gold over 8.9 metres,
including 12.8 g/t gold over 1.2 metres and 16.3 g/t gold over 1.0
metre; hole KGRC11-041 found 1.90 g/t gold over 12.9 metres and hole
KGRC11-040 returned 1.30 g/t gold over 14.2 metres, including 1.99 g/t
gold over 7.5 metres and 1.12 g/t gold over 6.2 metres.
The Ronguen Gold Deposit is located on the Kongoussi 1 and Tikare
permits, which are located only six kilometres northwest of the High River Gold Mines (TSE:HRG) Bissa Deposit.
Goldrush president and CEO, Len Brownlie, said: "We are very excited
by the discovery of a new style of high grade gold mineralization at
"The utility of the new geophysical model as a tool to help direct
future exploration at Ronguen has been enhanced by its strong
correlation with recent favourable drilling results, including the most
recent high grade assays noted in hole -036.
"On a recent site visit, we observed successful artisanal mining
activity at the hill site two kilometres east of the collar of hole -036
on the newly interpreted strike extension of the South Zone. A program
to test this extension will begin in early March as we continue
exploration of this very promising gold deposit."
Core hole KGRC11-036 was drilled on line 530E of the South Zone, an
interpreted parallel shear zone/thrust fault in the hanging wall of the
Main Zone at the Ronguen deposit.
Hole KGRC11-036 is the most southerly and deepest hole drilled on the
South Zone and was designed to test the down dip potential of the lower
grade gold mineralization encountered in reverse circulation hole
KGRR-130 (3.62 g/t gold over 6 metres at a depth of 40.1 metres) and
hole KGRR-152 (1.70 g/t gold over 7 metres at a depth of 32.4 metres).
Partial assays from hole -036 have led to the high grade intersection
at a vertical depth of 59.6 metres. The gold intercept in hole -036 is
open up-hole and Goldrush is awaiting assay results from this portion of
the core, it said.
Gold mineralization in hole -036 represents a style of mineralization
that had not been recognized at Ronguen, Goldrush said, and is
therefore an attractive target for follow-up drilling.
A recent three dimensional modelling of existing data covering the
eastern part of the Ronguen gold deposit has revealed four parallel,
easterly striking high resistivity anomalies to a depth of 300 metres.
The two central resistivity high bodies are coincident with the gold
mineralization found in the Ronguen Main and South zones, while the
northern structure has not been drill tested. If further work confirms
that the most northern structure is mineralized, then it would present
an important new target for exploration at the Ronguen deposit, the
Goldrush is a Canadian mineral exploration company focused on gold
exploration in West Africa, where the company has discovered, and is
currently expanding and defining the 249,000-ounce Ronguen gold deposit
in Burkina Faso.