Vancouver – Goldrush Resources (GOD-V) is finding gold at its Ronguen project in Burkino Faso.
The latest drill results are the first from a 59-hole reverse circulation (RC) drill program designed to provide data for a resource calculation as well as testing the continuity between the Main zone and the recently discovered South zone.
Hole 18 intersected 15 metres grading 7.41 grams gold per tonne starting 67 metres downhole, including 4 metres of 24.8 grams gold. Hole 16 returned 23 metres grading 1.61 grams gold, and hole 13 hit 1.63 grams gold over 20 metres.
The Ronguen gold occurrence is a 2-kilometre long east-west trending area of artisanal mining where gold occurs in quartz veining and stockworks hosted in metasedimentary rocks.
Goldrush acquired the property in early 2006 as part of a deal with High River Gold Mines (HRG-T) that saw Goldrush take over 21 exploration permits in Burkino Faso. In return for a 90% interest in the properties, Goldrush issued 6,540,000 common shares and a debenture in the principal amount of $1,994,277 to High River. High River currently holds 12% of Goldrush.
Since then Goldrush has completed over 11,000 metres of rotary air blast (RAB) and RC drilling, which have defined three areas of mineralization: the Main zone, the Artisanal zone, and the South zone.
Ronguen has become Goldrushs flagship project. The site is located only 6 kilometres from High Rivers advanced exploration stage Bissa project, which hosts a measured and indicated resource of 12 million tonnes grading 1.72 grams gold for 662,250 oz. and an additional inferred resource of 16.4 million tonnes grading 1.29 grams for 679,470 oz., using a 0.5-gram gold per tonne cutoff. Through an agreement with High River, Goldrush has preferential access to a mill built at Bissa, which would reduce the costs of developing an open pit operation at Ronguen.
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