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GOD

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Share Name Share Symbol Market Type
TSXV:GOD TSX Venture Common Stock
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Goldrush Intersects 3.33 g/t Gold Over 24 Metres and 5.4 g/t Gold Over 6 Metres in Fill-In Drilling at Ronguen Gold Deposit, ...

05/01/2012 11:00am

Marketwired Canada


Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF) ("Goldrush" or the
"Company") is pleased to report the assay results from a third group of 16
reverse circulation ("RC") holes of a 98 hole fill-in drilling program on the
Company's Ronguen Gold Deposit in Burkina Faso. Highlights of the drilling
results include:




--  3.33 g/t Au over 24 metres and 1.01 g/t Au over 14 metres, in hole
    KGRR11-202 
--  5.4 g/t Au over 6 metres, in hole KGRR11-211 
--  2.79 g/t Au over 11 metres, in hole KGRR11-198 
--  1.40 g/t Au over 17 metres, in hole KGRR11-203 
--  1.46 g/t Au over 10 metres, in hole KGRR11-212



All of the above intersections were located in the eastern or far eastern half
of the G1 grid, the eastern of two overlapping grids at the Ronguen deposit.
where the 16 drill holes were collared within an east-west distance of 520
metres (from lines 860E to 1380E) and a north-south distance of up to 245 metres
(from stations 0N to 245S). All significant intersections were encountered in
weathered (oxidized) bedrock. The density of drill holes in this area is
designed to define and upgrade the oxide portion of the gold mineralization to
the indicated category in preparation for an updated resource estimate
anticipated to be received in late Q1, 2012.


Assay Results

Significant intersections are noted above and in the following table:



----------------------------------------------------------------------------
                                 Grid            Interval                
HOLE ID(3)       Line Station     (1) From   To       (2)      Gold Vertical
----------------------------------------------------------------------------
                (Grid   (Grid                                               
              Co-ord) Co-ord)          (m)  (m)       (m)     Grade Depth(1)
----------------------------------------------------------------------------
                                                           (g Au/t)      (m)
----------------------------------------------------------------------------
KGRR11-197     1037.5     -50      G1   11   14         3       1.7     10.8
----------------------------------------------------------------------------
KGRR11-197     1037.5     -50      G1   17   21         4      1.78     16.5
----------------------------------------------------------------------------
KGRR11-198       1060    -135      G1   54   65        11      2.79     51.5
----------------------------------------------------------------------------
KGRR11-199       1100    -150      G1   37   47        10      0.72     34.4
----------------------------------------------------------------------------
KGRR11-199       1100    -150      G1   62   68         6       1.9     53.2
----------------------------------------------------------------------------
KGRR11-200       1100    -125      G1   48   52         4      1.51     41.0
----------------------------------------------------------------------------
KGRR11-201       1100    -100      G1   34   43         9      0.95     31.5
----------------------------------------------------------------------------
KGRR11-202       1100     -75      G1    3    8         5      1.18      4.5
----------------------------------------------------------------------------
KGRR11-202       1100     -75      G1   21   45        24      3.33     27.0
----------------------------------------------------------------------------
KGRR11-202       1100     -75      G1   48   62        14      1.01     45.1
----------------------------------------------------------------------------
KGRR11-203       1100     -50      G1   30   47        17       1.4     31.5
----------------------------------------------------------------------------
KGRR11-204       1100     -25      G1   35   41         6      1.03     31.1
----------------------------------------------------------------------------
KGRR11-204       1100     -25      G1   45   55        10      1.07     41.0
----------------------------------------------------------------------------
KGRR11-205       1100       0      G1   27   31         4       2.4     23.8
----------------------------------------------------------------------------
KGRR11-205       1100       0      G1   41   48         7      1.23     36.5
----------------------------------------------------------------------------
KGRR11-209       1260    -150      G1   73   76         3      1.62     61.0
----------------------------------------------------------------------------
KGRR11-211       1380    -245      G1   57   63         6       5.4     49.1
----------------------------------------------------------------------------
KGRR11-212        860      -3      G1   40   50        10      1.46     45.0
----------------------------------------------------------------------------
(1) "Vertical depth" is the calculated depth to the centre of the           
intersection.                                                               
(2) True widths are determined to be 90 to 95% of core intervals.           
(3) All holes were drilled at an azimuth of 340 degrees.                    



Four of the sixteen holes (KGRR11-206, -207, -208 and -210) not included in the
above table of significant intersections did contain 1 to 6 metre thick sections
of anomalous gold at or above a cut-off grade of 0.5 g/t Au.


Drill hole lengths varied from 75 to 121 metres and all holes were drilled at
inclinations of -55 to -60 degrees except hole KGRR11-212 which was drilled
vertically due to local topography. A total of 1,566 metres was drilled in the
16 RC holes, which were continuously sampled at one metre intervals for
assaying. A surface plan showing the drill hole locations is available at
http://goldrushresources.ca/properties/ronguen/.


Ronguen Exploration Plan

A total of 98 RC holes totaling 7,791 metres and 18 core holes totaling 2,347
metres have been completed in the fall 2011drill program on the Ronguen gold
deposit. A total of 1,325 metres of surface trenching in 13 trenches are
currently underway. Samples from all remaining RC and core holes have been
delivered to the assay lab and results will be announced when received.
Following receipt of all assays, results will be interpreted and incorporated
into a three dimensional model for preparation of the updated resource estimate.


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.


Ronguen Deposit Mineralization

The Ronguen gold deposit is located within the northeastern part of the highly
prospective Birimian age Boromo greenstone belt in Burkina Faso. The local
geology at Ronguen is dominated by an east northeast ("ENE") trending
metasedimentary sequence consisting of interlayered siltstone, mudstone and
minor conglomerates that are intruded by plugs, and narrow dykes and sills of
gabbroic composition. The Ronguen mineralized zone is located in the structural
hangingwall of a major ENE thrust fault which recorded a tectonic transport
direction towards the north. The mineralized deformation corridor represents a
major ENE trending high angle reverse fault zone, dipping moderately to steeply
towards the south. Gold mineralization is found in both metasedimentary and
mafic intrusive rock; there are no obvious lithological controls yet recognized
at this epigenetic gold deposit. The gold mineralization is associated with
quartz-carbonate veins/veinlets and with sulphides occurring as disseminations
and patches, and in veinlets. Two sets of gold-bearing quartz veins are
developed: subvertical shear veins parallel to the shear zone foliation and to
the shear zone boundaries, and subhorizontal extension veins. Small quartz
stockworks are present and represent a part of the gold mineralization.


Quality Assurance/Quality Control

Goldrush maintains a rigorous quality control program involving the use of
certified standards from an accredited Canadian laboratory, inserted blanks, and
the use of repeat assays. Details of Goldrush's quality control program were
provided in the Company's News Release #2010-13, dated October 25, 2010.


The SGS laboratory in Ouagadougou, Burkina Faso was used for sample analysis.
For its internal control, SGS inserted two certified standards and one blank,
and analyzed one random duplicate for approximately each 25 samples submitted.
For its certified standard and blank samples included in the QA-QC procedure,
Goldrush averaged 11.0% of the total samples submitted.


The drilling was contracted to Forages Technic-Eau/Burkina sarl based in
Ouagadougou, Burkina Faso.


Mr. Driffield Cameron, P. Geo., Director of Goldrush, is the Qualified Person
for this press release for the purposes of National Instrument 43-101 and has
reviewed the technical information herein.


For further information on Goldrush Resources Ltd., shareholders and other
interested parties are invited to visit the Company's website at
www.goldrushresources.ca.


ON BEHALF OF THE BOARD OF DIRECTORS,

GOLDRUSH RESOURCES LTD.

Len Brownlie - President and Chief Executive Officer

About Goldrush: Goldrush is a Canadian mineral exploration company which has
successfully focused on gold exploration in West Africa, where the company has
discovered, and is currently expanding and defining the 249,000 ounce (inferred
resource of 5.9 million tones at a grade of 1.31 g/t Au) Ronguen gold deposit in
Burkina Faso.


About Burkina Faso: Burkina Faso is a politically and economically stable West
African democracy that relies on farming and mining as it primary sources of
foreign exchange. Burkina Faso saw gold production double from 2008 to 2010 and
is currently the fifth largest gold-producing country in Africa. Control Risks,
a global consultancy specializing in political, security and integrity risk,
ranked Burkina Faso #3 in their 2011 World Risk Survey - countries with least
risk. The World Risk Survey asked respondents to rank their perception of risk
in the following categories: financial risk, sovereign risk, land access, green
tape, land claims, red tape, social risk, infrastructure, civil unrest, natural
disasters and labour relations.


FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking
statements" within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. Except for statements of historical fact
relating to the company, certain information contained herein constitutes
forward-looking statements. Forward-looking statements are frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are based
on the opinions and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected
in the forward-looking statements. These factors include the inherent risks
involved in the exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other geological
data, fluctuating metal prices, the possibility of project cost overruns or
unanticipated costs and expenses, uncertainties relating to the availability and
costs of financing needed in the future and other factors. The Company
undertakes no obligation to update forward-looking statements if circumstances
or management's estimates or opinions should change. The reader is cautioned not
to place undue reliance on forward-looking statements.


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