Presentation to MineAfrica’s Investing In Africa Seminar March 4, 2008 By Don Willoughby, VP...

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Presentation to MineAfrica’s Investing In Africa Seminar March 4, 2008 By Don Willoughby, VP Corporate Development www.goldrushresouces.ca All financial figures given in this presentation are in Canadian dollars TSX.V-GOD

Transcript of Presentation to MineAfrica’s Investing In Africa Seminar March 4, 2008 By Don Willoughby, VP...

Presentation to MineAfrica’s Investing In Africa Seminar

March 4, 2008

By Don Willoughby, VP Corporate Development

www.goldrushresouces.ca

All financial figures given in this presentation are in Canadian dollars

TSX.V-GOD

Forward Looking Statements

Some statements in this presentation contain forward looking information.These statements address future events and conditions and, as such, involve

inherent risk and uncertainties. Actual results could be significantly different fromthose projected. Risks and uncertainties of the Company’s business are discussed

in the Management Discussion and Analysis of the Company’s Annual andQuarterly Reports, available both on the Company’s website at

www.goldrushresources.com and at www.SEDAR.com.

GOLDRUSH RESOURCES CAPITAL STRUCTURE

Shares Issued: 63,060,352

Fully Diluted (F/D): 73,435,352

Cash Position (approx.) $1.6 million

MAJOR SHAREHOLDERS Sprott Asset Management 16.2%

High River Gold Mines 12.0%

Pinetree Capital >8.0%

ACC Resources (Switzerland) >8.0%

Management >8.0%

F/D Market Capitalization (at $0.25) $18 million

1 Year Trading Range: $0.21 - $0.40

Toronto Venture Exchange – Trading Symbol “GOD”

To maximize shareholder value by the development of economic mineral deposits

in the safe and stable countries of West Africa.

Goldrush Resources Corporate Objective

Why explore in Burkina Faso?

Why invest in Goldrush?

WHY INVEST IN GOLDRUSH?

The Ronguen Gold Discovery

THE GOLDRUSH FLAGSHIP PROJECT

RONGUEN GOLD DISCOVERY

Ronguen Gold Discovery

Ouagadougou (capital city)

A f r i c a

Bur kina F aso

LOOKING NORTHWEST FROM RONGUEN HILL

THE RONGUEN GOLD DISCOVERY

• Average grade – 1.80 gm/t

• E/W strike length of mineralized zone - 1.5 km.

• Open along strike and at depth below 80 m.

• Total strike length of structure – 5 km.

• New zone discovered 200 m south

• 22.14 g/t gold over 14.6 m in a trench

• Mineralization starts near surface – open pittable

• NI 43-101 resource estimate report by end of March

RONGUEN DRILL HOLE AND TRENCH LOCATIONS WITH ASSAY HIGHLIGHTS

111 gm/m 95 gm/m

1.5 km.

89 gm/m 95 gm/m

South Zone – 48 gm/m

323 gm/metres

WHY INVEST IN GOLDRUSH?

Strategic Alliance AgreementWith High River Gold

• The Ronguen Gold Discovery

STRATEGIC ALLIANCE AGREEMENTWITH HIGH RIVER GOLD (TSX:HRG)

• High River has 50% back-in right• Goldrush has preferred access to HRG mills

• Goldrush can mine smaller deposits

• no capital contribution required

• High River’s 1.3+ million ounce Bissa Deposit is only 6 km. from Ronguen

• when Bissa goes into production Ronguen can as well providing early cash flow

Note: Forward Looking Statement Follows:

WHY INVEST IN GOLDRUSH?

• The Ronguen Gold Discovery

Is Goldrush the next Jilbey Gold?

• Strategic Alliance Agreement with High River Gold

THE JILBEY GOLD/HIGH RIVER GOLD MERGER

Feb. , 2003 June 15, 2005

$0.20

$0.73

$1.02

Apr. 25, 2006

$2.85

JilbeyPre-merger

JilbeyPost-merger

Jilbey had acquired extensive property package

Jilbey/High River merger announced

Merger price (40 % premium to market)

Jilbey value 10 months later

$1,000 invested in Jilbey shares in early 2003 was worth $10,700 in HRG shares 3 years later

Just over 3 years

Jilbey discovered Bissa Deposit

IS GOLDRUSH THE NEXT JILBEY GOLD?

Jan. 4, 2006 Jan. 25, 2008

$0.20

$0.25

Goldrush/High River sign Strategic AllianceAgreement

Current Goldrush share price

2 years

Goldrush discovers Ronguen

High River acquired Jilbey to get Bissa

Will they acquire Goldrush to get Ronguen?

WHY INVEST IN GOLDRUSH?

• The Ronguen Gold Discovery

Largest holder of exploration permitsin Burkina Faso

• Is Goldrush the next Jilbey Gold?

• Strategic Alliance Agreement with High River Gold

Kindo Group (Ronguen)(2 permits)

GOLDRUSH EXPLORATION PERMITS

Hounde Group(9 permits)

Falagountou Group(2 permits)

Taparko Group(12 permits)

Kaya Group(8 permits)

• 33 permits covering 5791 sq. km.• all permits located in the West African Birimian Greenstone Belts

Taparko-Bouroum Mine (HRG)

Bissa Deposit (HRG)

Bondi Deposit (Orezone)

Essakane Deposit(Orezone)

WHY INVEST IN GOLDRUSH?

• The Ronguen Gold Discovery

• Largest exploration permits holder in Burkina Faso

• Is Goldrush the next Jilbey Gold?

Many high priority exploration targets

• Strategic Alliance Agreement with High River Gold

ARTISANAL WORKINGS

33 unexplored artisanal sites identified on Goldrush permits

• require high grades to be worthwhile (20 g/t+)• excellent pathfinders to gold mineralization

WHY INVEST IN GOLDRUSH?

• Is Goldrush the next Jilbey Gold?

• The Ronguen Gold Discovery

• Largest exploration permits holder in Burkina Faso• Many high priority new exploration targets

• Strategic Alliance Agreement with High River Gold

WHY BURKINA FASO?

One of the most favourable places in the world to search for gold and initiate new mining operations

BURKINA FASO

A f r i c a

Bur kina F aso

Bondi

Bissa(High River)

• safe, stable, democratic African country since 1987• progressive, fair mining code since 1993

• West African Greenstone Belts – history of gold deposits

• High River Gold’s Taparko-Bouroum Mine – first new mine in over 20 years

• poor country – mining is significant for prosperity

“Exploring in Burkina Faso now is like exploring in Canada 100 years ago.”

WHY BURKINA FASO?

• government enthusiastically supports mining operations

THE FUTURE – 2008 AND BEYOND

• 5,000 m core drilling program to expand the resource at Ronguen begins in May

• NI 43-101 resource report for Ronguen in March

• drilling and trenching the untested artisanal sites and other high priority targets• acquisition of advanced exploration projects in neighbouring West African countries

DURING THE PAST TWO YEARS GOLDRUSH HAS:

... BUT THE BEST IS YET TO COME!”

• raised over $8.25 million• made 2 significant gold discoveries at Ronguen• spent over $6 million on aggressive exploration• identified many new, high priority exploration targets

TSX.V-GOD