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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