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GOD

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Share Name Share Symbol Market Type
TSXV:GOD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Goldrush Intersects 3.35 g/t Gold Over 13 Metres and 2.03 g/t Gold Over 23 Metres in Fill-In Drilling at Ronguen Gold Deposit...

26/01/2012 10:00am

Marketwired Canada


Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF) ("Goldrush" or the
"Company") is pleased to report assay results from an additional 19 reverse
circulation ("RC") holes of a 116 hole (98 RC and 18 core) fill-in drilling
program on the Company's Ronguen Gold Deposit in Burkina Faso, West Africa.
Highlights of the RC drilling results include:




--  3.35 g/t Au over 13 metres, in hole KGRR11-216 
--  2.03 g/t Au over 23 metres, open at the end of the hole, in hole KGRR11-
    213 
--  2.52 g/t Au over 12 metres, open at the end of the hole, in hole KGRR11-
    234 
--  2.43 g/t Au over 11 metres, in hole KGRR11-217 
--  2.39 g/t Au over 9 metres, in hole KGRR11-225 
--  1.72 g/t Au over 11 metres, open at the end of the hole, in hole KGRR11-
    233 



Holes -213 to -217 were drilled on the G1 grid, the eastern of two overlapping
grids at the Ronguen deposit, holes -218 to -223, -225 to -227 and -231 -234
were located on the western (G2) grid and hole -224 was drilled on the South
Zone which is located on the eastern grid.


Holes -225, -226 and -227 were drilled on section 860E of the western grid with
hole -225 intersecting 2.39 g/t Au over 9 metres. The three holes on this
section were drilled approximately 80 metres east of hole KGRR11-228 that
intersected 8.77 g/t Au over 23 metres and 1.19 g/t Au over 12 metres.


Hole -213, which intersected 2.03 g/t Au over 23 metres was drilled on section
860E of the eastern grid, and hole -216, which intersected 3.35 g/t Au over 13
metres, was drilled on the adjacent section 800E. These two holes were collared
200 and 260 metres, respectively, east of hole -228.


Holes -232, -233 and -234 were drilled on section 700E of the western grid with
hole -233 intersecting 1.72 g/t Au over 11 metres and 3.0 g/t Au over 4 metres,
and hole -234, drilled 24 metres further north, intersecting 2.52 g/t AU over 12
metres. The three holes on this section were drilled approximately 80 metres
west of hole KGRR11-228.


Hole -217, located on section 1140E of the eastern (G1) grid intersected four
gold zones, including 2.43 g/t Au over 11 metres. This hole was drilled
approximately 40 metres northeast of hole KGRR11-202 that intersected 3.33 g/t
Au over 24 metres.


Len Brownlie, President and CEO of Goldrush, noted: "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."


A surface plan showing the drill hole locations is available at
http://goldrushresources.ca/properties/ronguen/.


Assay Results

Significant intersections are noted above and in the following table:



---------------------------------------------------------------------------
                                   Inc-                                    
                  Sta-       Azi- lina-                         Gold   Vert-
            Line tion Grid  muth  tion  Total           Inter- Grade   ical
           (Grid   (Grid    (deg- (deg- Depth From   To val(2)    (g/ Depth
HOLE ID   Co-ord)  Co-ord)  rees) rees)    (m)  (m)  (m)   (m)  Au/t) (1)(m)
---------------------------------------------------------------------------
KGRR11-213   860   10   G1     0   -90     95   72   95    23   2.03 83.5(i)
---------------------------------------------------------------------------
KGRR11-214   800   25   G1     0   -90     85   26   31     5   2.07   28.5
---------------------------------------------------------------------------
and                                             48   50     2   7.27   49.0
---------------------------------------------------------------------------
KGRR11-215   800   40   G1     0   -90     70    7   23    16   0.79   15.0
---------------------------------------------------------------------------
KGRR11-216   800   50   G1   340   -55     43    0   13    13   3.35    5.3
---------------------------------------------------------------------------
and                                             37   38     1   2.98   30.7
---------------------------------------------------------------------------
KGRR11-217  1140  -55   G1   340   -55     95    6   17    11   2.43    9.4
---------------------------------------------------------------------------
and                                             31   36     5   1.44   27.4
---------------------------------------------------------------------------
and                                             41   43     2   2.61   34.4
---------------------------------------------------------------------------
and                                             83   85     2   1.46   68.8
---------------------------------------------------------------------------
KGRR11-221   220  -10   G2    24   -60     60   40   44     4   2.12   36.4
---------------------------------------------------------------------------
and                                             47   48     1   1.53   41.1
---------------------------------------------------------------------------
KGRR11-223   300  -45   G2    24   -60     72   52   58     6   0.86   47.6
---------------------------------------------------------------------------
KGRR11-225   860   65   G2    24   -60    105   55   64     9   2.39   51.5
---------------------------------------------------------------------------
KGRR11-226   860   90   G2    24   -60     78   35   42     7   1.51   33.3
---------------------------------------------------------------------------
and                                             56   59     3   1.68   49.8
---------------------------------------------------------------------------
KGRR11-227   860  115   G2    24   -60     55   22   28     6   1.93   21.7
---------------------------------------------------------------------------
KGRR11-231   820   25   G2    24   -60    113   74   81     7   0.52   67.1
---------------------------------------------------------------------------
KGRR11-232   700   50   G2    24   -60    101   53   56     3   1.62   47.2
---------------------------------------------------------------------------
KGRR11-233   700   75   G2    24   -60     90   34   38     4   3.00   31.2
---------------------------------------------------------------------------
and                                             71   73     2   1.47   62.4
---------------------------------------------------------------------------
and                                             79   90    11   1.72 73.1(i)
---------------------------------------------------------------------------
KGRR11-234   700   99   G2    24   -60     66   18   21     3   1.82   16.9
---------------------------------------------------------------------------
and                                             38   42     4   0.94   34.6
---------------------------------------------------------------------------
and                                             54   66    12   2.52   52(i)
---------------------------------------------------------------------------

(1) "Vertical depth" is the calculated depth to the centre of the
    intersection.
(2) True widths are determined to be 90 to 95% of reported mineralized
    intervals except for the 3 holes drilled vertically where true width is
    approximately 85% of reported mineralized intervals.
(i) Mineralization open at end of hole.




Assays from holes KGRR11-228, -229 and -230 were announced on January 18 and
have been excluded from the above table. Three holes (KGRR11-218, -220 and -224)
not included in the above table of significant intersections did contain 1 to 2
metre thick sections of anomalous gold at or above a cut-off grade of 0.5 g/t
Au. Holes -219 and -222 were barren.


Drill hole lengths varied from 40 to 113 metres and all holes were drilled at
inclinations of -55 to -60 degrees, with the exception of holes KGRR11-213 to
-215 which were drilled vertically because of the local topography. A total of
1,495 metres was drilled in the 19 RC holes, which were continuously sampled at
one metre intervals for assaying.


Ronguen Exploration Plan

A total of 98 RC holes totaling 7,793 metres and 18 core holes totaling 2,347
metres have been completed in the fall 2011 drilling program on the Ronguen gold
deposit. A total of 1,325 linear metres in 13 trenches is nearing completion.
The samples from the remaining 16 RC and 18 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.


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
hanging wall of a major ENE thrust fault which recorded a tectonic transport
direction towards the north. The mineralized deformation corridor represents a
major ENE trending reverse fault zone, dipping moderately towards the south.
Gold mineralization is found in both metasedimentary and mafic intrusive rocks.
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.
Samples are assayed using standard fire assay techniques on a 50 gram charge
with an atomic absorption finish. 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 7.5% of the total
samples submitted.


The RC 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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