Ouavousse Drill Results Goldrush drills five m of 5.01 g/t Au at Ouavousse
2012-03-13 20:05 ET - News Release
Mr. Len Brownlie reports
GOLDRUSHINTERSECTS 5.01 G/T GOLD OVER 5 METRES IN DISCOVERY DRILLING ON OUAVOUSSE PERMIT, MARKOYE FAULT CORRIDOR, BURKINA FASO
Goldrush Resources Ltd. is releasing the results of the initial Ouavousse permit drilling on seven previously identified gold-bearing areas. The program consisted of a 30-hole, 2,820-metre reverse circulation (RC) drilling program on the 244-square-kilometre permit in central Burkina Faso, West Africa, and highlighted the Kooligri South area for detailed evaluation. Highlights of the drilling results include:
- 5.01 grams per tonne (g/t) gold (Au) over five metres in RC hole OUKR11-029, including 20.1 g/t Au (vg) over 1.0 metre;
- 8.67 g/t Au over two metres in RC hole OUKR11-001;
- 1.07 g/t Au over four metres in RC hole OUKR11-006.
Commenting on the drill results, Goldrush President and CEO Len Brownlie said: "In only 30 holes of the first drilling carried out on the Ouavoussepermit,Goldrush has successfully discovered an open mineralized structure over a strike length of 160 metres at the Kooligri South artisanal site where the highest grade intersection occurs in the northeastern most hole (-029) and is open in all directions. This part of the Ouavousse permit has been added to the Company's list of attractive targets for follow-up exploration.A program of mapping and soil sampling is currently underway to assist in the delination of additional drill targets."
It is noteworthy that the Ouavousse permit is immediately west of, and crossed in part, by the interpreted corridor of the Markoye Fault, a major NNE trending structural zone (and possible Porcupine-Destor Fault analogue). The Markoye Fault corridor which has been traced for over 400 kilometres in Burkina Fasoand lies adjacent to several substantial gold deposits, including Iamgold'sEssakane mine,High River Gold's Taparko mine,Volta's Kiaka gold deposit, and Orezone'sBombore project.
RC holes -027, -028 and -029 were drilled on 80 metrecentres at the Kooligri South artisanal site. All three holes intersected the mineralized structure consisting of quartz veining hosted in a deformed, silicified granodiorite with pyritizedvein selvages. At 650 metres north ofKooligriSouth, RC hole OUKR11-030intersected 1.09 g/t Au over 3 metres,with quartz veining hosted in a strongly deformed sericitizedschist. Previous rock sampling(two samples) from this KooligriNorthsite had produced a best value of 1.58 g Au/t, while seven samples from KooligriSouthhad returned a high value of 9.77 g Au/t.
The remaining 26 exploration holes drilled on six additional orpailleur (artisanal mining) sites (Ouavousse North, Ouavousse South, OTR 1, Poessin 1, Poessin 2 and Poessin 3) intersected generally short, lower grade sections from areas which had been quite substantially pitted by the orpailleurs.
ASSAY RESULTS
Hole ID Total depth From To Interval Au
(m) (m) (m) (m) (g/t)
OUOR11-001 133 13 14 1 0.72
and 40 41 1 0.8
and 85 87 2 8.67
and 92 93 1 0.69
OUOR11-004 91 50 51 1 0.68
and 59 60 1 1.08
OUOR11-006 81 54 58 4 1.07
OUOR11-009 127 44 46 2 1.13
and 57 58 1 1.53
and 88 89 1 0.58
OUOR11-011 110 19 20 1 1.01
and 51 52 1 0.95
OUOR11-013 97 49 50 1 1.73
OUPR11-018 110 40 41 1 3.34
OUPR11-023 80 12 13 1 0.52
and 16 18 2 0.88
OUPR11-024 80 13 16 3 0.97
OUPR11-025 80 21 24 3 1.14
OUKR11-027 102 63 64 1 1.08
and 69 70 1 0.9
OUKR11-028 100 82 83 1 2.78
and 91 92 1 0.83
OUKR11-029 97 74 79 5 5.01
including 77 78 1 20.1
and 84 89 5 0.78
OUKR11-030 80 23 26 3 1.09
All holes were drilled at an inclination of minus 60 degrees. True widths are unknown at this time. A total of 2,820 metres were drilled in the 30 RC holes, which were continuously sampled at one-metre intervals for assaying.
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 dated Oct. 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 11.5 per cent of the total samples submitted.
The RC drilling was contracted to Forages Technic-Eau/Burkina SARL based in Ouagadougou, Burkina Faso.
Driffield Cameron, PGeo, vice-president, exploration, Goldrush, is the qualified person for this news release for the purposes of National Instrument 43-101 and has reviewed the technical information herein.
We seek Safe Harbor