Thursday, 15 March 2012

Goldrush Resources hits 5.01 g/t gold over 5.0 metres in initial drilling at Ouavousse permit

Goldrush Resources (CVE:GOD) announced Wednesday the results of initial drilling on seven previously-identified gold-bearing areas on the Ouavousse permit in Burkina Faso, uncovering an open mineralized structure over a strike length of 160 metres.

The program consisted of 30 holes, or 2,820 metres of reverse circulation drilling on the 244 square kilometre permit in central Burkina Faso, and highlighted the Kooligri South area for follow-up work. 

Notable results included 5.1 grams per tonne (g/t) gold over 5 metres in hole OUKR11-029, including 20.1 g/t gold over 1.0 metre, and 8.67 g/t gold over 2 metres in hole OUKR11-001.

In addition, hole OUKRR11-006 returned 1.07 g/t gold over 4 metres.

"In only 30 holes of the first drilling carried out on the Ouavousse permit, Goldrush has successfully discovered an open mineralized structure over a strike length of 160 metres at the Kooligri South artisanal site where the highest grade intersection occurs in the northeastern most hole (-029) and is open in all directions," said president and CEO Len Brownlie in a statement.

"This part of the Ouavousse permit has been added to the company’s list of attractive targets for follow-up exploration. A program of mapping and soil sampling is currently underway to assist in the delination of additional drill targets."

The Ouavousse permit is immediately west of, and crossed in part, by the interpreted corridor of the Markoye Fault, a major north-northeast trending structural zone.

The Markoye Fault corridor has been traced for more than 400 kilometres in Burkina Faso and lies next to several gold deposits, including Iamgold's (TSE:IMG) Essakane mine, High River Gold's (TSE:HRG) Taparko mine, Volta’s (TSE:VTR) Kiaka gold deposit, and Orezone's (TSE:ORE) Bombore project.

Other notable results from the Ouavousse initial drilling include hole OUKR11-030, which intersected 1.09 g/t gold over 3 metres. The hole is located 650 metres north of Kooligri South.

Previous rock sampling from this Kooligri North site generated a best value of 1.58 g/t gold, while seven samples from Kooligri South returned a high value of 9.77 g/t gold. 

The remaining 26 exploration holes of the Ouavousse program, which were drilled on six additional artisanal mining sites, intersected generally short, lower grade sections from areas which had been substantially pitted by artisan miners.

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 inferred resource at the Ronguen gold deposit in Burkina Faso.

Last month, the company reported assay results from six of 18 core holes drilled as part of a 10,140-metre fill-in program on the Ronguen deposit.

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.

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