Saturday 3rd December 2016

Resource Clips


Posts tagged ‘Goldrush Resources Ltd (GOD)’

Goldrush VP Don Willoughby on Burkina Faso gold assays of 6.9 g/t over 8.9m

March 2nd, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced results from its Ronguen gold deposit in Burkina Faso, West Africa. Assays include

6.9 g/t gold over 8.9 metres (including 16.3 g/t over 1 metre)
1 g/t over 3 metres
1.6 g/t over 2.6 metres
6.15 g/t over 0.9 metres
1.05 g/t over 12.5 metres
1.3 g/t over 14.2 metres
1.12 g/t over 6.2 metres
1.9 g/t over 12.9 metres

VP Corporate Development Don Willoughby tells ResourceClips.com, “The assay results are good. We got another 6.92 grams over almost 9 metres. There are two significant things here. One, this is in the South zone, and this is the best result we’ve had there yet, which seems to indicate that we’re opening up a new area. We’ve had gold indications there before, but they’ve been low grade, and it’s one of those track-it-down type of things. So that’s very encouraging. Two, it seems to be a new style of mineralization. Driff Cameron, our VP of Exploration, is very excited about this. While its early stage, the reality is there is more gold, and it seems to be a new zone, which is really nice.

Burkina Faso is a great place to work. Arguably, it would be one of the best of the 50-odd countries in Africa to be working – Don Willoughby

“The assay results coming out of the labs have been very slow in Ouagadougou,” Willoughby notes, “and this has set our updated resource estimate back. We had been informed by SRK Consulting that we would have our resource estimate by the end of the first quarter, but it appears that it’s been moved to April.”

As to the timeline for a preliminary economic assessment, he reports, “This is a gradual process. We’re gathering information, as are we for the environmental study. But we’re at early stages with those.”

Willoughby updates Goldrush’s other project of focus, the Pompoi project, which is contiguous with Roxgold’s TSXV:ROG Yaromoko property. “It’s early stages,” he says. “We’ve gone in and done some soil sampling and done some mapping and rock sampling and that sort of thing. Then we went in and did some RAB drilling. It’s a methodical process to try and identify the kinds of structures they’re seeing over at [Yaramoko's] Bagassi Central area and prepare drill targets for the next drill program. By being just 2.9 kilometres away from that drilling we would postulate that that’s where we should be looking as well.

“Burkina Faso is a great place to work,” Willoughby continues. “Arguably, it would be one of the best of the 50-odd countries in Africa to be working. They are very mining supportive; the country is very poor and really hasn’t the potential for any kind of national prosperity outside of the mining industry. There have been six new mines opened up there in the last four and a half years. Already you’re starting to see some of the evidence of royalties pouring through into the government coffers. You’re seeing that the potholes in the roads are getting filled up, there seem to be more jobs, etc.

“Ronguen is 90 kilometres north of Ouagadougou, the capital, and it’s just two kilometres by dirt road off the paved highway. There is a wet season in July and August in that part of Burkina Faso, but it’s relatively moderate. Two of the last three years we’ve worked right through the wet season.”

Willoughby concludes, “The project is going very, very well. We continue to find more gold and we’re upgrading the resource. Parts of it will be upgraded to indicated and even some measured with this next resource estimate. And it seems to be expanding somewhat. We’re very encouraged, particularly with this new mineralization in the South zone. If this is, in fact, one of the stacked-lens situations like Riverstone Resources TSXV:RVS seems to have run into, then it just opens up a new zone that has the same potential as the existing one.”

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
604.602.9973

by Ted Niles

Goldrush reports Burkina Faso Gold Assays up to 6.92 g/t over 8.9m

March 1st, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced results from its Ronguen gold deposit in Burkina Faso, West Africa. Assays include

6.9 g/t gold over 8.9 metres (including 16.3 g/t over 1 metre)
1 g/t over 3 metres
1.6 g/t over 2.6 metres
6.15 g/t over 0.9 metres
1.05 g/t over 12.5 metres
1.3 g/t over 14.2 metres
1.12 g/t over 6.2 metres
1.9 g/t over 12.9 metres

VP Corporate Development Don Willoughby tells ResourceClips.com, “The assay results are good. We got another 6.92 grams over almost 9 metres. There are two significant things here. One, this is in the South zone, and this is the best result we’ve had there yet, which seems to indicate that we’re opening up a new area. We’ve had gold indications there before, but they’ve been low grade, and it’s one of those track-it-down type of things. So that’s very encouraging. Two, it seems to be a new style of mineralization. Driff Cameron, our VP of Exploration, is very excited about this. While its early stage, the reality is there is more gold, and it seems to be a new zone, which is really nice.

Burkina Faso is a great place to work. Arguably, it would be one of the best of the 50-odd countries in Africa to be working – Don Willoughby

“The assay results coming out of the labs have been very slow in Ouagadougou,” Willoughby notes, “and this has set our updated resource estimate back. We had been informed by SRK Consulting that we would have our resource estimate by the end of the first quarter, but it appears that it’s been moved to April.”

As to the timeline for a preliminary economic assessment, he reports, “This is a gradual process. We’re gathering information, as are we for the environmental study. But we’re at early stages with those.”

Willoughby updates Goldrush’s other project of focus, the Pompoi project, which is contiguous with Roxgold’s TSXV:ROG Yaromoko property. “It’s early stages,” he says. “We’ve gone in and done some soil sampling and done some mapping and rock sampling and that sort of thing. Then we went in and did some RAB drilling. It’s a methodical process to try and identify the kinds of structures they’re seeing over at [Yaramoko's] Bagassi Central area and prepare drill targets for the next drill program. By being just 2.9 kilometres away from that drilling we would postulate that that’s where we should be looking as well.

“Burkina Faso is a great place to work,” Willoughby continues. “Arguably, it would be one of the best of the 50-odd countries in Africa to be working. They are very mining supportive; the country is very poor and really hasn’t the potential for any kind of national prosperity outside of the mining industry. There have been six new mines opened up there in the last four and a half years. Already you’re starting to see some of the evidence of royalties pouring through into the government coffers. You’re seeing that the potholes in the roads are getting filled up, there seem to be more jobs, etc.

“Ronguen is 90 kilometres north of Ouagadougou, the capital, and it’s just two kilometres by dirt road off the paved highway. There is a wet season in July and August in that part of Burkina Faso, but it’s relatively moderate. Two of the last three years we’ve worked right through the wet season.”

Willoughby concludes, “The project is going very, very well. We continue to find more gold and we’re upgrading the resource. Parts of it will be upgraded to indicated and even some measured with this next resource estimate. And it seems to be expanding somewhat. We’re very encouraged, particularly with this new mineralization in the South zone. If this is, in fact, one of the stacked-lens situations like Riverstone Resources TSXV:RVS seems to have run into, then it just opens up a new zone that has the same potential as the existing one.”

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
604.602.9973

by Ted Niles

Goldrush reports Burkina Faso Gold Assays as high as 4.49 g/t over 17m

February 9th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced drill results from its Ronguen gold deposit in Burkina Faso, West Africa. Assays include

4.49 g/t gold over 17 metres
1.64 g/t over 29 metres
1.73 g/t over 18 metres
1.81 g/t over 15.8 metres
2.04 g/t over 7 metres
2.73 g/t over 4.9 metres

President/CEO Len Brownlie said, “The infill drilling program at Ronguen continues to provide some excellent results which we anticipate will be reflected in the upcoming revised resource estimate. We continue to await assays from the remaining 17 core holes and 1,325 metres of trenching, and also assay results from recently completed drill programs on the Ouavousse, Salbo and Rima permits. 2012 is shaping up to be an exceptional year for Goldrush, in which we plan to advance Ronguen, along with our Pompoi permit, (located adjacent to and on-strike with Roxgold’s [TSXV:ROG] Yaramoko gold discovery structure) and several of our nine other projects in Burkina Faso.”

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
604.602.9973

by Ted Niles

Goldrush reports Burkina Faso Gold Assays as high as 2.03 g/t over 23m

January 26th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced results from its Ronguen gold deposit in Burkina Faso, West Africa. Assays include

3.35 g/t gold over 13 metres
2.03 g/t over 23 metres
2.52 g/t over 12 metres
2.43 g/t over 11 metres
2.39 g/t over 9 metres
1.72 g/t over 11 metres

President/CEO Len Brownlie said, “With the new results from the closer spaced reverse circulation drill holes and from the core provided by the diamond drill holes, a clearer picture is emerging of the detailed structural controls of the gold mineralization. In particular, the importance of the cross faulting to the higher grade intersections is being evaluated to act as a guide to localizing and defining higher grade shoots within the main zone of mineralization.”

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
416.320.2448

by Ted Niles

Goldrush reports Burkina Faso Gold Assays up to 8.77 g/t over 23m

January 18th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced assays from its Ronguen gold deposit in Burkina Faso, West Africa. Results include

8.77 g/t gold over 23 metres (including 128 g/t over 1 metre)
1.19 g/t over 12 metres
8.34 g/t over 6 metres
2.53 g/t over 6 metres
2.33 g/t over 6 metres
0.64 g/t over 23 metres
2.04 g/t over 5 metres

President/CEO Len Brownlie commented, “The intersection in hole KGRR11-228 is the highest grade we have encountered in the Ronguen deposit to date. Intersections of this grade are unusual, and we are evaluating the controls of high grade intersections such as this because of the implications for future production at Ronguen. This most recent fill-in drilling program of new sections between the widely spaced 80-metre drill sections is providing for a more robust interpretation of the structure of the deposit and the correlation of higher grade zones. We are pleased with the overall results of our fill-in drilling program, and are looking forward to receiving the results of our new resource estimate to be prepared by SRK Consulting during the first quarter of 2012.”

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
416.306.5790

by Ted Niles

Goldrush reports Burkina Faso Assays including 3.33 g/t Gold over 24m

January 5th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced results from its Ronguen Gold Deposit in Burkina Faso. Assays include

3.33 g/t gold over 24 metres
5.4 g/t over 6 metres
2.79 g/t over 11 metres
1.4 g/t over 17 metres
1.46 g/t over 10 metres
1.01 g/t over 14 metres

The Ronguen Deposit has a 2008 inferred resource estimate of 5.9 million tonnes grading 1.31 g/t gold for 249,000 ounces at a 0.5 g/t cutoff.

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
604.602.9973

or Patrick Piette
416.815.0700 x 267

or Joe Racanelli
416.815.0700 x 243

by Greg Klein

Goldrush VP Don Willoughby on Burkina Faso gold assays of 2.16 g/t over 25m

November 17th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced assay results from its Ronguen gold deposit in Burkina Faso, West Africa. Highlights include

2.16 g/t gold over 25 metres
2.55 g/t over 11 metres
2.24 g/t over 12 metres
0.8 g/t over 20 metres (including 1.53 g/t over 14 metres)
1.23 g/t over 17 metres
1.27 g/t over 15 metres

VP Corporate Development Don Willoughby tells ResourceClips.com, “The assay results are great. We continue to get economic grades over good widths. The objective of the program is twofold. One is to expand the deposit, and the other is to upgrade from inferred to indicated the saprolitic layer from surface down to, on average, 50 metres. This is in preparation for completing a preliminary economic assessment. We’ve started the baseline work on that; we’ve started work on an environmental impact study. That’ll be done probably by sometime in the new year. We’ve just begun it, so we don’t really have a timetable for it yet. We’re informed that we’ll have the updated resource estimate by sometime in the latter part of 1Q 2012.

We haven’t hit the limits of the deposit yet, and we don’t think we’ve come close. So we just keep working and building a larger resource there—Don Willoughby

“Right now we’ve got RC and diamond drills—two rigs—both operating right now. That should be finished sometime at the beginning of December. The diamond rig will then be going to the Salbo permit; we’ve got 700 metres of core we’re going to do there. At the beginning of December, independent of those drill rigs, we’ll be doing some RAB drilling on Pompoi. The Pompoi permit is adjacent to Roxgold Inc’s TSXV:ROG Yaramoko discovery.

“Drill programs will be ongoing at Ronguen regardless of what happens vis-à-vis moving towards production,” Willoughby continues. “The PEA will be one milestone in the move to production. Based on the resource estimate done in 2008, Ronguen is a quarter-million ounces. We haven’t hit the limits of the deposit yet, and we don’t think we’ve come close. So we just keep working and building a larger resource there.

“We’re going on the expectation that we’ll be putting Ronguen into production. Having said that, it’s the nature of the junior exploration business that the big fish eat the little fish; and the little fish are happy to be eaten. So, if the right deal comes along, and remembering that every public company’s mandate to the shareholders is to make the money, we would do whatever was in the best interest of the shareholders.

“This is a significant resource, and it’s going to have a significant impact on Burkina Faso, just like all these other deposits that are heading towards production. Burkina Faso is going to do very well by gold mining. It’s already started. Give it 10 or 15 years, and you’re going to see 20 gold mines in production over there.

“The infrastructure is great at Ronguen. It’s located 90 kilometres north of the capital city, Ouagadougou, on paved highway, and three kilometres off of that on a gravel road. Our geologists and technical people all live in Ouagadougou and drive back and forth each day.”

Willoughby concludes, “At this point, it is more in the realm of a development project than it is an exploration project—although it still has exploration aspects to it. The real blue sky that we’ve got is the Pompoi permit next to Yaramoko. This is an excellent project. It shows no indications the deposit is in any way limited by the results that we’ve had so far. We’re just going to keep plugging away at it and try to build a company maker.”

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
604.602.9973

by Ted Niles

Goldrush reports Burkina Faso Gold Assays including 2.16 g/t over 25m

November 16th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningGoldrush Resources Ltd TSXV:GOD announced assay results from its Ronguen gold deposit in Burkina Faso, West Africa. Highlights include

2.16 g/t gold over 25 metres
2.55 g/t over 11 metres
2.24 g/t over 12 metres
0.8 g/t over 20 metres (including 1.53 g/t over 14 metres)
1.23 g/t over 17 metres
1.27 g/t over 15 metres

Note: On January 5, 2012, the company issued this correction:

“In Goldrush news release #24, dated November 15, 2011, RC hole KGRR11-181 was listed as having an intersection of 1.53 g/t gold over 14 metres from 40 to 54 metres. This was incorrect and should have been presented as 1.86 g/t gold over 15 metres from 39 to 54 metres.”


VP Corporate Development Don Willoughby tells ResourceClips.com, “The assay results are great. We continue to get economic grades over good widths. The objective of the program is twofold. One is to expand the deposit, and the other is to upgrade from inferred to indicated the saprolitic layer from surface down to, on average, 50 metres. This is in preparation for completing a preliminary economic assessment. We’ve started the baseline work on that; we’ve started work on an environmental impact study. That’ll be done probably by sometime in the new year. We’ve just begun it, so we don’t really have a timetable for it yet. We’re informed that we’ll have the updated resource estimate by sometime in the latter part of 1Q 2012.

We haven’t hit the limits of the deposit yet, and we don’t think we’ve come close. So we just keep working and building a larger resource there—Don Willoughby

“Right now we’ve got RC and diamond drills—two rigs—both operating right now. That should be finished sometime at the beginning of December. The diamond rig will then be going to the Salbo permit; we’ve got 700 metres of core we’re going to do there. At the beginning of December, independent of those drill rigs, we’ll be doing some RAB drilling on Pompoi. The Pompoi permit is adjacent to Roxgold Inc’s TSXV:ROG Yaramoko discovery.

“Drill programs will be ongoing at Ronguen regardless of what happens vis-à-vis moving towards production,” Willoughby continues. “The PEA will be one milestone in the move to production. Based on the resource estimate done in 2008, Ronguen is a quarter-million ounces. We haven’t hit the limits of the deposit yet, and we don’t think we’ve come close. So we just keep working and building a larger resource there.

“We’re going on the expectation that we’ll be putting Ronguen into production. Having said that, it’s the nature of the junior exploration business that the big fish eat the little fish; and the little fish are happy to be eaten. So, if the right deal comes along, and remembering that every public company’s mandate to the shareholders is to make the money, we would do whatever was in the best interest of the shareholders.

“This is a significant resource, and it’s going to have a significant impact on Burkina Faso, just like all these other deposits that are heading towards production. Burkina Faso is going to do very well by gold mining. It’s already started. Give it 10 or 15 years, and you’re going to see 20 gold mines in production over there.

“The infrastructure is great at Ronguen. It’s located 90 kilometres north of the capital city, Ouagadougou, on paved highway, and three kilometres off of that on a gravel road. Our geologists and technical people all live in Ouagadougou and drive back and forth each day.”

Willoughby concludes, “At this point, it is more in the realm of a development project than it is an exploration project—although it still has exploration aspects to it. The real blue sky that we’ve got is the Pompoi permit next to Yaramoko. This is an excellent project. It shows no indications the deposit is in any way limited by the results that we’ve had so far. We’re just going to keep plugging away at it and try to build a company maker.”

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
604.602.9973

by Ted Niles

Goldrush VP Don Willoughby on Burkina Faso gold assays of 3.62 g/t over 6m

June 13th, 2011

“We purchased 21 properties in Burkina Faso from High River Gold on January 1, 2006, and we’ve been working there ever since. All our properties are in Burkina Faso and the Ronguen project is our flagship. It’s our most advanced project, with a quarter-million ounces. We’ll have a new resource estimate in a few months. We were targeting it for June or July but we had some drilling delays so now I’m guessing August.

“One very interesting feature of the latest results is the step-out hole that’s 430 metres west of the nearest hole drilled in Ronguen. This could have important implications for the size of the deposit.

“We’ve just finished drilling 1,000 metres at Liki, we did another 3,400 metres at Gonaba-Est and 2,200 metres at two other sites and we’ll be following up on all of those. We have an 18,000-metre program coming up so we have a lot of work to do this year.

“Burkina Faso couldn’t be a better mining environment. They started democratic elections in the mid-80s and they brought in a new mining code in the early ‘90s and updated it in 2003. There’s certainty of title. They’re very supportive of exploration operations. Six mines have opened over the last four years, starting from zero.

“Mining is probably the only hope they have of achieving any kind of national prosperity. There’s no heavy industry, little agriculture. There’s some cotton, and cotton prices have gone up, but there’s not enough to make any real impact.

“There’s about 17 million people but the majority of the economic activity is in Ouagadougou, the capital. About 80% of the people in Burkina Faso live on less than $2 a day. That’s mostly a consequence of the rural areas where they make virtually nothing. It’s just a hand-to-mouth existence.

“You can never discount going into production yourself. We always assume that we’re going to take the project into production and we work towards that goal. But if we’re successful in our exploration efforts someone might come along and want to merge or do a takeover or buy the project. The way the industry often works is the big fish eat the little fish and the little fish are happy to be eaten.”

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Goldrush reports Burkina Faso Gold Assays including 1.82 g/t over 37m

April 18th, 2011

Goldrush Resources Ltd TSXV:GOD announced assay results from its Ronguen Gold Deposit in Burkina Faso, West Africa. Highlights include 1.82 g/t gold over 37 metres (including 2.95 g/t over 16 metres), 1.87 g/t over 13 metres, 1.59 g/t over 17 metres, 2.91 g/t over 3 metres, 1.03 g/t over 8 metres, 1.73 g/t over 4 metres.

The Ronguen Deposit has an inferred mineral resource estimate of 249,000 ounces gold. The deposit is located within the northeastern part of the Boromo Greenstone Belt in Burkina Faso.

View Company Profile

Contact:
Don Willoughby
VP Corporate Development
604.602.9973

by Ted Niles