99 Percent increase of Oxide Gold Resource at the GOLDRUSH RESOURCES LTD ("GOD-V")
- 99 Percent increase of Oxide Gold Resource at the Ronguen Gold
- Deposit, Burkina Faso, West Africa.
"Goldrush Resources Ltd. ("Goldrush" or the "Company") is pleased to
announce that it has received a new mineral resource statement for its
Ronguen gold deposit in Burkina Faso. For oxide gold resources, the new
resource contains 150,000 ounces of gold in the Measured category (4.143
million tonnes grading 1.12 grams of gold per tonne ("gpt Au"); 159,000
ounces of gold in the Indicated category (3.861 million tonnes grading 1.28
gpt Au); and 8,000 ounces in the Inferred category (136,000 tonnes grading
1.91 gpt Au) using a cut-off grade of 0.4 gpt gold. In addition, the bottom
of the conceptual pit shell used to constrain the mineral resource
statement for the Ronguen deposit is estimated to contain 23,000 ounces of
gold in the Measured and Indicated categories in fresh rock (483,000 tonnes
grading 1.51 gpt Au) and 44,000 ounces of gold in the Inferred category
(754,000 tonnes grading 1.83 gpt Au), at a cut-off grade of 0.7 gpt Au."
" Len Brownlie Ph.D, President and CEO of Goldrush commented: "The
oxidized portion of the new gold resource, amenable to low processing cost
heap leaching, has nearly doubled relative to the 2008 initial mineral
resource statement from 160,000 inferred ounces to 309,000 combined
measured and indicated ounces and an additional 8,000 inferred ounces. In
addition to substantially increasing the size of the oxide mineral
resource, the work completed by Goldrush has significantly increased the
quality of the mineral resources as most of the oxide portion of the
deposit is now classified into the Measured and Indicated categories, while
the initial (2008) mineral resource statement contained only inferred
ounces."