Goldrush Resources Ltd. Auditor Raises 'Going Concern' Doubt
Apr 29 13
Goldrush Resources Ltd. filed its Annual on Apr 29, 2013 for the period ending Dec 31, 2012. In this report its auditor, De Visser Gray, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Goldrush Resources Ltd. Reports Assay Results from Drilling Program at its Ronguen Gold Deposit in Burkina Faso, West Africa
Jan 21 13
Goldrush Resources Ltd. reported assay results from the latest drilling program at its Ronguen Gold Deposit in Burkina Faso, West Africa. Highlights of the program include: 3.13 g/t Au over 7 metres, in RC hole KGRR12-258, 2.22 g/t Au over 3 metres and 2.02 g/t Au over 5 metres, in RC hole KGRR12-256 and 1.87 g/t Au over 4 metres, in RC hole KGRR12-259. Eighteen reverse circulation (RC) drill holes totaling 1,045 metres tested shallow oxide mineralization associated with a previously undrilled 620 metre western extension of the North Zone. The North Zone consists of mineralization which responds to induced polarization resistivity surveying, and is subparallel to the Main Zone of the company's Ronguen Gold Deposit. The Main and South Zones of the Ronguen deposit currently have delineated 332,000 measured and indicated ounces averaging 1.22 g Au/t, and 52,000 inferred ounces averaging 1.85 g Au/t1 over a strike length of 1,700 metres. The majority (309,000 ounces of gold) of the measured and indicated resources are in the oxide category, and amenable to lower cost heap leach processing. To assist in the delineation of additional oxide resources, an induced polarization survey was completed over the Ronguen deposit, and interpreted with newly acquired software with the ability of three dimensional imaging. Analysis of the results provided excellent coincidence between the resource and high resistivity anomalism. Two identified adjoining resistivity anomalies with subparallel strike directions provide promising targets, with the western extension of the North Zone anomaly investigated by 18 shallow RC drill holes over a strike length of approximately 620 metres. Eight holes (from east to west: KGRR12-253, -256, -255, -254, -257, -258, -259 and 260) were drilled from Grid G1, line 880E, to Grid 2, line 590E, a distance of approximately 360 metres, to test the western extension of the resistivity anomaly axis that correlates with the North Zone mineralization to the east. Seven RC holes (from east to west:KGRR12-270, -261, -262, -263, -264, -265 and 269) tested a portion of the resistivity anomaly immediately to the southwest, from Grid G2, line 540E, to Grid G2, line 300E, a distance of about 260 metres. Three RC holes (from east to west: KGRR12-267, -266 and -268) tested the resistivity anomaly trending northwesterly from Grid G2, line 470E,to Grid G2, line 350E, a distance of 120 metres. Grid G1 is the eastern-most while Grid G2 is the western-most of the two overlapping grids at the Ronguen deposit. A shallow test of the North Zone gold mineralization and associated resistivity anomalism was completed on each section. Nine holes intersected the metasediment-diorite contact which is an important rheologic control for the gold mineralization at Ronguen. Eight of the holes (KGRR12-254, -260, -261, -262, -266, -267, -268 and -270) which failed to intersect this contact did not contain gold values above a 0.4 g/t Au level, although only holes -260, -266, -268 and -270 were devoid of gold. Perterbations along the metasediment-diorite contact may have been responsible for it not having been intersected and tested by the short drill holes.
Goldrush Resources Ltd. Provides Drilling Review of Properties in Burkina Faso
Jan 9 13
Goldrush Resources Ltd. provided a review of the company’s strategically located properties, all of which are in Burkina Faso, a politically and economically stable West African democracy and one of the continents growing gold producers. The six new gold mines contain global resources of over 17 million ounces of gold, while at least another 14 deposits (containing global resources of over 30 million ounces of gold) have been discovered and are awaiting advancement to production. The Goldrush portfolio includes a gold deposit of considerable size on its property, together with a number of other highly prospective properties, several of which are geologically similar and proximal to current producers or deposits which are being defined and moved towards production. Goldrush has discovered one of Burkina Faso’s new deposits - Ronguen - which is being prepared for an economic evaluation and a potential production decision. Ronguen is located north of Ouagadougou, the capital of Burkina Faso, and is accessed by way of a modern paved highway for a distance of approximately 100 kilometres, and by gravel road for two kilometres to the deposit site. The Goldrush Ronguen deposit currently has delineated 332,000 measured and indicated ounces averaging 1.22 g Au/t, and 52,000 inferred ounces averaging 1.85 g Au/t1. The majority (309,000 ounces of gold) of the measured and indicated resources are in the oxide category and amenable to low cost heap leaching. Goldrush's Pompoi permit covers a 232 sq. km. portion of the Hounde greenstone belt of western Burkina, approximately 180 kilometres west of Ouagadougou. A 60 kilometre stretch of the belt, extending from Endeavour Mining Corporation's Vindaloo deposit and its satellites in the south to the Mana deposits of Semafo Inc. in the north, and including Goldrush's Pompoi permit, is receiving considerable attention, in part because of the high grade gold resources which are being delineated in the 55 Zone at Roxgold's Yaramoko project. The Pompoi permit is located about 2.5 kilometres east of the 55 Zone which contains a global resource of 660,000 ounces of gold averaging approximately 11 g Au/t in all categories.