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Market: TSX-V
Sector: Gold Mining
Epic: GOD
News: Latest news
Web Site: Goldrush Resources
Other Articles: 08-06-201001-06-201019-05-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Goldrush Resources

Goldrush Resources

Goldrush Resources Ltd. is a publicly-owned, junior mineral resource exploration company listed on the TSX-V exchange. It is exploring for gold in the West African country of Burkina Faso where it holds 5 highly prospective permits covering 922 sq. km. The Company's permits are all located within the West African Birimian Greenstone Belts having a prolific history of gold production in this area of the world.

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Tuesday, March 16, 2010

Goldrush Resources tops up bank balance for next drill campaign in Burkina Faso

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Burkina Faso focused exploration junior Goldrush Resources (TSX-V:GOD) has raised CDN$1 million through the placement of 10 million units at a price of 10 cents per share.  Each unit contains one common share and one share purchase warrant with a purchase price of 20 cents, exercisable until March 11, 2012.


The top up will allow Goldrush Resources to get a drill rig turning again at its primary project, the Ronguen Gold Deposit in Burkina Faso, where an inferred resource of 5.9 million tonnes grading 1.4 grams per tonne (g/t) gold (249,000 ounces) has already been outlined in the main zone. 


In total, Goldrush has five exploration permits covering 922 square kilometres in Burkina Faso where it has been working since early 2006. Late in 2009, the junior explorer ended a previous joint exploration agreement it had in Burkina Faso with High River Gold Mines (TSX:HRG) after Russia’s Severstal effectively took control of the company.


Now unencumbered by a larger partner, Goldrush is looking to pick up the pace of activity. A Phase I drill program is expected to get underway early in the second quarter which will focus on testing for gold mineralization to the east and west of the main zone.   Drilling will also test the sub-parallel Ronguen South Zone.  Goldrush intends to complete a mixture of core drilling and reverse circulation drilling.


Previous drilling at the south zone in 2007 confirmed the potential for significant gold, with reverse air blast drilling intersected 7.72 g/t gold over 6 meters, 2.26 g/t gold over 14 meters and 1.71 g/t gold over 18 meters.

The Ronguen Main and South Zones are located six kilometres north-west of High River Gold Bissa Gold Deposit.

“Company management is very excited to be resuming work on the highly prospective Ronguen Gold Deposit following a year-long hiatus,” Goldrush stated.

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