Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Goldrush hits 3.33 g/t gold over 24 metres at Ronguen

Goldrush Resources (CVE:GOD) Tuesday reported positive drill results from the third set of 16 reverse circulation (RC) drill holes at its Ronguen gold deposit in Burkina Faso, part of its 98-hole infill drilling program designed to expand resources.

Highlights of the results included 24 metres grading 3.33 grams per tonne (g/t) gold and 14 metres grading 1.01 g/t gold, in hole KGRR11-202. 

Hole KGRR11-211 intersected six metres grading 5.4 g/t gold, while hole KGRR11-198 hit 11 metres at 2.79 g/t gold.

Other notable results included 1.4 g/t gold over 17 metres from hole KGRR11-203, and 10 metres at 1.46 g/t gold in hole KGRR11-212.

All of the above intersections were drilled in the eastern or far eastern half of the G1 grid, the eastern of two overlapping grids at the deposit.

The holes were collared within an east-west distance of up to 520 metres, and a north-south distance of up to 245 metres, in order to define and upgrade the oxide portion of the gold mineralization.

Goldrush is preparing to update its resource estimate for the property, expected for completion in the first quarter of 2012.

A total of 7,791 metres throughout 98 RC drill holes, as well as 2,347 metres over 18 core holes, have been completed at the deposit during the fall 2011 drill season. A 1,325-metre surface trenching program is currently underway.

The Ronguen gold deposit, which currently has 249,000 ounces of inferred resources, is located within the northeastern part of the highly prospective Birimian age Boromo greenstone belt in Burkina Faso.