Tuesday 25th October 2016

Resource Clips

Goldrush reports Burkina Faso Gold Assays including 7.63 g/t over 15m

Goldrush Resources Ltd GOD:CA announced results from its Ronguen Gold Deposit in Burkina Faso, West Africa. Assay highlights include 7.63 g/t gold over 15 metres (including 53.4 g/t over 1 metre), 3.17 g/t over 22 metres (including 4.43 g/t over 4 metres), 9.29 g/t over 2 metres, 1 g/t over 25 metres, 1.57 g/t over 8 metres and 1.02 g/t over 17 metres. The Ronguen Gold Deposit has an inferred mineral resource estimate of 249,000 ounces gold at a cut-off of 0.5 g/t.

VP Corporate Development Don Willoughby told ResourceClips.com, “Phase one of the program was a 12 hole deep core drilling program, and we were successful in encountering significant gold mineralization in 11 of those holes. So we achieved our objective, which was to extend the Ronguen Deposit at depth—below the 80 metres that previously was in the resource report—to between 120 and 160 metres below surface. That was clearly very successful.

“The news release yesterday discusses the first five drill holes of phase two—the only holes for which we have assay results at this point. We encountered gold mineralization in all five holes, and in hole 96 we encountered absolutely blockbuster grades. We think that in this one hole we’ve exposed a new zone that was beneath the old Ronguen Main zone. We certainly have made a discovery of some sort, and will be devoting further drilling to trying to define that. So this is a big, big step forward for the Ronguen Deposit.”

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Don Willoughby
VP Corporate Development

by Ted Niles

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