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Goldrush Resources Ltd. (GDRRF) (GDRRF)

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Goldrush Resources Ltd. (GDRRF) (GDRRF)

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More news released but most of the time Meazy 10/26/12 2:37 AM
Goldrush VP Don Willoughby on Burkina Faso gold canucklehead80 03/07/12 5:17 PM
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Meazy
10/26/12 2:37 AM
canucklehead80
03/07/12 5:17 PM

Goldrush Resources Ltd. (GDRRF) (GDRRF)

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Website[b]: http://goldrushresources.ca/ [b]Goldrush Resources Ltd. Third Quarter Report 2011[b]: http://goldrushresources.ca/wp-content/uploads/2011/05/goldrushq311.pdf [b]Highlights About Goldrush Resources[b] •Ronguen Gold Discovery contains inferred resource of 249,000 ounces of gold with significant exploration potential to expand. •Multiple artisanal sites that are ready for advanced exploration and drilling have been identified on all permits. •Experienced and capable management group. •Technical staff with extensive geological experience working in Burkina Faso. [b]Summary[b] •Current inferred gold resource estimate of 5.9 million tonnes grading an average of 1.31 gpt for 249,000 ounces for the Ronguen Deposit will be updated in 2011. •Highly prospective area — discovery costs of US$6.00 – $8.00/oz •Demonstrated ability to access exploration capital •Strong institutional shareholder base including CMP Gold Trust/Ravensden, Sprott Asset Management Ltd., Pinetree Capital and ACC Resources. •Goldrush management holds significant positions and are highly motivated to succeed [b]Shares Issued[b]: 136,431,432 [b]S/O[b]: 136.46M [b]Market cap[b]25.11m [b]Fully diluted[b]: 163,953,257 Cash on hand (Jan. 20, 2012): ~$1.6 million [b]Directors and Officers[b] [b]Len W. Brownlie[b], Ph.D President, CEO and Director Dr. Brownlie graduated from Simon Fraser University in 1993 with a Doctoral degree in Kinesiology. Dr. Brownlie is the President of Brownlie Management Ltd. (a private consulting company). Dr. Brownlie has over 27 years of experience in administrative and executive positions with Vancouver-based mining exploration companies. [b]Driff Cameron[b], P. Geo., Director and VP Exploration Mr. Cameron is a member of the Association of Professional Geoscientists of Ontario, a fellow of the Geological Association of Ontario and a member of the Society of Economic Geologists. Mr. Cameron has over 30 years of international experience in mining exploration with ASARKO Company of Canada Ltd., Gold Fields Canadian Mining Limited and High River Gold. Driffield Cameron has played a leadership role in the teams responsible for the exploration and discovery of High River’s Taparko gold deposit in Burkina Faso, the Dunlop #3 gold deposit of the New Britannia Mine in Manitoba and the Springpole gold deposit in Ontario. [b]Robert Young[b], B.Sc., P. Eng., Director Mr. Young is an independent geological consultant with over 40 years of experience in geological exploration. Prior to his retirement from TECK Corporation in 1999, Mr. Young held the title of Vice-President, Special Projects and South American Exploration. Prior to working with TECK, Mr. Young held several positions of advancing responsibility with Placer Development Corporation during a 32 year career, culminating as Field Manager of International Exploration. [b]Kim Phillips[b], B. (Comm.) Director and Chief Financial Officer Mr. Phillips graduated from the University of British Columbia in 1982 with a Bachelor of Commerce degree. He is President and General Manager of Strive Management Ltd. (a private consulting company). Mr. Phillips has over 17 years experience in senior management positions for public companies listed on the TSX Venture Exchange. [b]Allan Williams[b], Director Mr. Williams is a self-employed business consultant with over 20 years experience involving public companies and venture capital markets. Mr. Williams presently serves as a director or officer of Palladon Ventures Ltd., Maestro Ventures Ltd. and First Factor Developments Inc., which trade on the TSX Venture Exchange. [b]Don Willoughby[b], Vice President Corporate Development Mr. Willoughby has been involved with the senior management of public, junior resource exploration companies for a period spanning over 30 years. He has considerable experience in the financing of public companies as well as having owned and managed a variety of private ones. [b]John Learn[b], M.Sc., P.Geo, Chief Geologist Since Mr. Learn graduated from Brock University in St. Catherines, Ontario he has participated in a number of dicoveries in both North America and Africa. He started with GOGEMA Canada Ltee. as District Geologist with responsibility for uranium and gold exploration in Saskatchewan, Ontario, Quebec and Nunavut. He moved permanently to West Africa in 1996 and since then has worked for Channel Resources Ltd. and Orezone Resources Ltd. in Burkina Faso, AREVA in Cote d’Ivoire and Mali, Tan Range Exploration Ltd. in Tanzania, High River Gold Mines Ltd. in Burkina Faso, then IAMGOLD Corporation in Mali. He has participated in a number of discoveries including Bombore, Goulagou, Bondi, Taparko, Bissa and Goldrush’s Ronguen gold deposit.
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