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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: GOD
Latest Price: 0.17  (0,00%)
52-week High: 0.23
52-week Low: 0.08
Market Cap: 22.51M
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Goldrush Resources
www.goldrushresources.ca

Goldrush Resources Ltd. is a publicly-owned, junior mineral resource exploration company listed on the TSX-V exchange. It is exploring for gold in the West African country of Burkina Faso where it holds 5 highly prospective permits covering 922 sq. km. The Company's permits are all located within the West African Birimian Greenstone Belts having a prolific history of gold production in this area of the world.

Full Goldrush Resources profile here
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Goldrush Resources tops up bank balance for next drill campaign in Burkina Faso

16th Mar 2010, 10:38 am
Goldrush Resources tops up bank balance for next drill campaign in Burkina Faso

Burkina Faso focused exploration junior Goldrush Resources (TSX-V:GOD) has raised CDN$1 million through the placement of 10 million units at a price of 10 cents per share.  Each unit contains one common share and one share purchase warrant with a purchase price of 20 cents, exercisable until March 11, 2012.


The top up will allow Goldrush Resources to get a drill rig turning again at its primary project, the Ronguen Gold Deposit in Burkina Faso, where an inferred resource of 5.9 million tonnes grading 1.4 grams per tonne (g/t) gold (249,000 ounces) has already been outlined in the main zone. 


In total, Goldrush has five exploration permits covering 922 square kilometres in Burkina Faso where it has been working since early 2006. Late in 2009, the junior explorer ended a previous joint exploration agreement it had in Burkina Faso with High River Gold Mines (TSX:HRG) after Russia’s Severstal effectively took control of the company.


Now unencumbered by a larger partner, Goldrush is looking to pick up the pace of activity. A Phase I drill program is expected to get underway early in the second quarter which will focus on testing for gold mineralization to the east and west of the main zone.   Drilling will also test the sub-parallel Ronguen South Zone.  Goldrush intends to complete a mixture of core drilling and reverse circulation drilling.


Previous drilling at the south zone in 2007 confirmed the potential for significant gold, with reverse air blast drilling intersected 7.72 g/t gold over 6 meters, 2.26 g/t gold over 14 meters and 1.71 g/t gold over 18 meters.

The Ronguen Main and South Zones are located six kilometres north-west of High River Gold Bissa Gold Deposit.

“Company management is very excited to be resuming work on the highly prospective Ronguen Gold Deposit following a year-long hiatus,” Goldrush stated.

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