Goldrush Resources Ltd. Independent Technical Report on Gold ...

<strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong>. 

<strong>Independent</strong> <strong>Technical</strong> <strong>Report</strong> 

on Gold Exploration Permits 

Burkina Faso 

<strong>Report</strong> Prepared for 

<strong>Goldrush</strong> <strong>Resources</strong> Limited 

Suite 584 - 885 Dunsmuir Street 

Vancouver, B.C. V6C 1N5 

Tel: (604) 689-0489 

Fax: (604) 681-5910 

<strong>Report</strong> Prepared by 

SRK CONSULTING (CANADA) INC. 

Suite 1000, 25 Adelaide Street East 

Toronto, ON M5C 3A1 

Tel: (416) 601-1445 

Fax: (416) 601-9046 

Web Address: www.srk.com 

E-mail: toronto@srk.com 

Project Reference Number: 

3CG009.000 

March 31, 2006

SRK Consulting 

3CG009.000 – <strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong>. 

<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page i 

<strong>Independent</strong> <strong>Technical</strong> <strong>Report</strong> 

On Gold Exploration Permits 

Burkina Faso 

<strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong>. 

Suite 584 - 885 Dunsmuir Street 

Vancouver, B.C. V6C 1N5 

Tel: (604) 689-0489 • Fax: (604) 681-5910 

E-Mail: info@goldrushresources.ca 

Web Address: www.goldrush.ca 

SRK Project Number: 3CG009.000 

SRK CONSULTING (CANADA) INC. 

Suite 1000, 25 Adelaide Street East 

Toronto, ON M5C 3A1 

Tel: (416) 601-1445 • Fax: (416) 601-9046 

E-mail: toronto@srk.com 

Web Address: www.srk.com 

March 31, 2006 

Compiled by: 

Jean-François Couture, Ph.D., P.Geo 

Principal Geologist 

Cover: Geological map of Burkina Faso showing the general location of the three groups of exploration permits 

acquired by <strong>Goldrush</strong> <strong>Resources</strong> Limited in Burkina Faso. (Geology from Castaing et al., 2003). 

JFC <strong>Goldrush</strong>_<strong>Resources</strong>_BF_TR_3CG009 000_JFC_20060508.doc March 31, 2006



<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page ii 

Executive Summary 

SRK Consulting (Canada) Inc. (“SRK”) was retained by <strong>Goldrush</strong> <strong>Resources</strong> Limited 

(“<strong>Goldrush</strong>”) to prepare an independent technical report in compliance with National 

Instrument 43-101 on twenty-three gold exploration permits located in Burkina Faso. 

Property Description 

The subject properties consist of three groups of Exploration Permits located in three 

different regions of Burkina Faso. The first group of permits (“the Taparko Group”) is 

located in north-eastern Burkina Faso, adjacent to High River Gold Mines <strong>Ltd</strong>. (“High 

River Gold”) Taparko-Bouroum gold mine under construction and consists of eleven 

separate permits (Birgui-Nabingou, Bougou, Doumissi, Nomikdou, Taranga, 

Tougouri, Dyakolra, Ninnougou, Tanpelren, Wolé and Karga) covering an aggregate 

area of approximately 1,948 square kilometres. The second group of permits (“the 

Kindo-Kaya Group”) is located in north-central Burkina Faso and consists of five 

exploration permits (Kongoussi 1, Tikaré, Mane, Noungou and Nahili) forming two 

separate blocks covering an area of 1,105 square kilometres adjacent to High River 

Gold’s promising Bissa gold deposits. The third group of permits (“the Hounde 

Group”) is located in south-western Burkina Faso and consists of six contiguous 

exploration permits (Bangbara, Tinkiro, Koro, Olongo, Tokora and Loropeni) and a 

seventh isolated permit (Massamo) adjacent to the Bondi exploration project of 

Orezone <strong>Resources</strong> Limited. The exploration permits cover an aggregate area of 

approximately 4,652 square kilometres, and as a result <strong>Goldrush</strong> becomes an important 

mineral land owner in Burkina Faso. 

All exploration permits represent early stage gold exploration projects that received 

limited exploration expenditures. 

Each permit is granted by order of the Ministère des mines, des carrières et de 

l’énergie of Burkina Faso. By granting these permits, the Government of Burkina Faso 

retains a ten percent carrying interest in each property, free of all charges. Since the 

signature of the agreement with High River Gold, applications were filed for three new 

permits (Dyakolra, Ninnougou and Tanpelren) covering the surface area of one 

expiring exploration permit. At the time this report is prepared, the exploration permits 

have not yet been granted. Two exploration permits in the Kindo-Kaya Group 

(Kongoussi 1 and Tikare) are under option from Mr. Kindo Adama. High River Gold 

and <strong>Goldrush</strong> are in the first and second year of the earn-in period, respectively. 

Regional Geology 

The geology of Burkina Faso can be subdivided into three major litho-tectonic 

domains: a Paleo-proterozoic basement underlying most of the country; a Neoproterozoic 

sedimentary cover developed along the western, northern and southeastern 

portions of the country; and a Cenozoic mobile belt forming small inliers in the 

north-western and extreme eastern regions of the country. 

The Paleo-proterozoic basement comprises Birimian volcano-sedimentary and plutonic 

rock intruded by large batholiths of Eburnean granitoid. The overall structure of this 

basement is defined by two major north-northeast-trending sinistral shear zones —the 

Houndé-Ouahigouya Shear Zone in the west and the Tiébélé-Dori-Markoye Shear 

Zone in the east. These two fault zones sub-divide the country into three domains: an 

eastern domain cut by a series of northeast-trending structures, a central domain 

characterized by arcuate structural patterns such as those of the Goren and Djibo belts, 

and a western domain hosting north- to northeast-trending structural features. 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page iii 

The Eburnean granitoids form large intrusive bodies that can be sub-divided both into 

a tonalite suite broadly contemporaneous with the Birimian volcano-sedimentary and 

plutonic rocks, and into a granite suite comprising two distinct suites of plutons 

intruding both the Birimian rocks and the tonalite suite. 

West African gold deposits share many characteristics with gold deposits in the 

Canadian and Australian Precambrian Shields. Deposits are typically associated with 

pervasive alteration zones with discontinuous quartz vein arrays and stockwork. 

Structure is the principal control on the location of the gold mineralization. Surface 

weathering and oxidation of primary mineralization under tropical conditions can form 

large deposits amenable to low-cost open pit mining and acid-leach gold recovery. 

Taparko Group Permits 

The Taparko Group exploration permits are situated approximately 150 kilometres east 

northeast of Ouagadougou, the Capital city of Burkina Faso. The permits are situated 

adjacent to the Taparko-Bouroum Mine, which is currently under construction. The 

properties are easily accessed via sealed roads to Taparko and a good network of 

gravel roads and tracks. 

The geology of the Taparko Group exploration permits is characterized by arcuate 

Birimian volcano-sedimentary units ascribed to the Bouroum-Yalogo greenstone belt. 

Structural patterns in the area depict a large open Y-shape resulting from the 

interference of north-northwest- and north-northeast- trending faults and shear zones. 

The most distinctive structural feature of this area is the northeast-trending Tiébélé- 

Dori-Markoye fault system that transects the eastern half of the region. 

All exploration permits were subject to reconnaissance exploration by High River 

Gold and Jilbey Gold Explorations <strong>Ltd</strong>. (“Jilbey”) between 1997 and 2004. This work 

involved regional geological mapping, prospecting soil geochemical sampling and 

follow-up trenching, limited rotary air blast and reverse circulation drilling. 

The results of the reconnaissance work program undertaken since 2003 by Jilbey were 

described in two technical reports prepared by SRK in August 2003 and April 2004 

and filed on SEDAR. 

SRK reviewed the quality assurance and field procedures and quality control 

procedures used by High River Gold. In the opinion of SRK, the procedures and 

protocols used by High River Gold to acquire and manage the exploration data 

collected at the Taparko Group generally meet industry best practices and, therefore, 

the exploration data is reliable. 

Kindo-Kaya Group Permits 

The Kindo-Kaya Group exploration permits are situated approximately eighty-five 

kilometres north of Ouagadougou, and form two separate blocks located adjacent to 

the large Bissa Group where High River Gold is currently conducting aggressive 

exploration programs designed to expand the mineral resources of the Bissa gold 

Deposit. The Kindo Group is situated to the north of the High River Gold’s Bisaa 

Group near the town of Kongoussi. The Kaya Group permits are situated west of the 

Town of Kaya. All permits are easily accessed via all-weather gravel roads and a good 

network of tracks. 

The Kindo-Kaya permits area is situated within the strongly arcuate Boromo volcanosedimentary 

belt, which is characterized by mafic volcanic rocks, minor felsic volcanic 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page iv 

rocks and extensive sedimentary units. The Birimin rocks are intruded by large granitic 

batholiths and small felsic stocks stitching the supracrustal sequences together. 

Two orpailleur sites – Kilou and Badinogo – were investigated during 2004 with eight 

trenches and nine reverse circulation boreholes. During 2005, reconnaissance work 

was completed over the entire permit area. No exploration work was carried out on the 

other four exploration permits (Kongoussi 1, Mane, Noungou and Nahili). 


procedures used by High River Gold. In the opinion of SRK the procedures and 

protocols used by High River Gold to acquire and manage the exploration data 

collected on the Tikare permit generally meet industry best practices and, therefore, 

the exploration data is reliable. 

Hounde Group Permits 

The Hounde Group exploration permits are situated approximately 320 kilometres 

southwest of Ouagadougou. They are easily accessed via sealed and all-weather gravel 

roads. The permits are situated to the south of Orezone <strong>Resources</strong> Inc.’s Bondigui 

project. 

The Hounde Group permits are situated in the southern portion of the Hounde 

greenstone belt and along the regional Houndé-Ouahigouya shear zone, a crustal scale 

structure, transecting Burkina Faso from north to south. 

Six of the seven exploration permits were subject to reconnaissance exploration work 

by Jilbey and High River Gold in 2004 and 2005. The Bangbara permit has received 

no exploration work. The principal Birimian rock types consist of sedimentary and 

volcanoclastic schists. The central portion of the permits area is considered to be 

underlain by Tarkwa sedimentary rocks, which form a fault-bounded basin elongated 

north-south and extending across the Hounde Group permits 

Reconnaissance exploration work was completed by Jilbey and High River Gold on 

six of the seven Hounde Group permits during 2004 and 2005. This work includes 

systematic soil and rock sampling, geological mapping, prospecting and limited 

trenching. 

SRK reviewed the quality assurance and field procedures, and the quality control 

procedures used by High River Gold and Jilbey. In the opinion of SRK, the procedures 

and protocols used by High River Gold to acquire and manage the exploration data 

collected at the Houde Group generally meet industry best practices and, therefore, the 

exploration data is reliable. 

Exploration Concept 

With the exception of the Taranga, Dyakolra, Ninnougou and Tikare permits, the 

exploration projects acquired by <strong>Goldrush</strong> are mostly at an early stage of exploration. 

Since 2003, reconnaissance work involving regional soil geochemistry, geological 

mapping and prospecting, detailed soil geochemistry, limited trenching and drilling 

was completed on thirteen of the permits. In total, High River Gold and Jilbey have 

invested approximately US$3.3 million in exploration work since 2003. 

On five permits (Kongoussi 1, Mane, Noungou, Nahili and Massamo), no exploration 

work has been undertaken. These permits are, therefore, at a very early stage of 

exploration and reconnaissance type work is warranted. 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page v 

The exploration concept for the Burkina Faso exploration permits is based on the 

recognition that known gold occurrences and deposits in the Birimian rocks are 

associated with prominent shear zones characterized by sulphide mineralization, 

quartz-veining and attendant hydrothermal alteration, and typically located at or near 

major lithological contacts. More specifically, it is recognized that the fault 

architecture plays an important role in the location of better gold mineralization. The 

exploration strategy is, therefore, to identify and understand the fault architecture on 

each permit using a combination of direct and indirect exploration tools. Faults and 

shear zones can be recognized using geophysical data and direct field observations. 

Fertile structures can be differentiated from barren ones using prospecting for 

outcropping gold mineralization/alteration and various geochemical sampling 

techniques followed by sub-surface exploration including trenching, pitting and 

drilling. Integration of various datasets allows definition and ranking of exploration 

targets and helps define an exploration road map with clear decision points. This 

strategy deployed by High River Gold has proven effective for gold exploration in this 

region. 

Recommendations 

Based on our review of available information, SRK is of the opinion that the 

geological and structural setting of the twenty-two exploration permits is of sufficient 

merit to justify the following exploration program. The proposed exploration program 

is designed to complete the acquisition of reconnaissance geological data over 

unexplored permits, follow-up on results from reconnaissance work conducted by 

High River Gold and Jilbey and identify and prioritize targets for structurallycontrolled 

orogenic gold mineralization similar to those encountered at Taparko, Bissa 

Hill and Bondi. 

Exploration expenditures incurred on three permits –Birgui-Nabingou, Bougou and 

Taranga – are sufficient to keep the permits in good standing for the next two years. 

Excluding these three permits, the aggregate surface area of the exploration permits is 

approximately 3,480 square kilometres. In order to maintain the exploration permits in 

good standing, it is estimated that <strong>Goldrush</strong> must invest approximately US$2.0 million 

between before March 2007, unless the surface area of several permits is reduced at 

their anniversary date. 

SRK recommends a work program totalling approximately US$2.7 million dollars for 

the Burkina Faso exploration permits. This work program includes mainly 

reconnaissance type work and a limited amount of rotary air blast drilling on the 

Nomikdou and Tougouri permits. The estimated costs for the recommended 

exploration program are presented in Table i. 

The proposed budget also includes limited allowances for follow-up trenching, rotary 

air blast, reverse circulation or core drilling on the most promising targets. An 

unallocated supplementary budget totalling approximately US$500,000 is considered 

appropriate by SRK to allow <strong>Goldrush</strong> to adequately follow-up on the most promising 

results of the reconnaissance program. 

Including the unallocated funds, the total costs for the work program recommended by 

SRK for the Burkina Faso properties is estimated at approximately US$3.2 million 

dollars. 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page vi 

Table i. Recommended Exploration Budget for the Taparko, Kindo- 

Kaya and Hounde Groups Exploration Permits, Burkina Faso. 

Description Taparko Kindo Kaya Hounde Total 

Personnel $123,000 $76,000 $75,000 $168,000 $442,000 

Field Costs $90,000 $47,000 $54,000 $109,000 $300,000 

Field Supplies 

Contracting 

$54,000 $20,000 $19,000 $48,000 $141,000 

Trenching $0 $0 $0 $0 $0 

Diamond drilling $0 $0 $0 $0 $0 

RC drilling $0 $0 $0 $0 $0 

RAB drilling $146,000 $0 $0 $0 $146,000 

Geology contractors $21,000 $0 $0 $0 $21,000 

Geophysics contractors $19,000 $0 $0 $90,000 $109,000 

Surveying $12,000 $0 $0 $0 $12,000 

Assaying $180,000 $65,000 $71,000 $106,000 $422,000 

Others $281,000 $133,000 $114,000 $159,000 $687,000 

Expatriate $10,000 $10,000 $0 $10,000 $30,000 

Sub-total $936,000 $351,000 $333,000 $690,000 $2,310,000 

Miscellaneous Charges 

Contingency (5%) $46,800 $17,550 $16,650 $34,500 $115,500 

Corporate administration (10%) $93,600 $35,100 $33,300 $69,000 $231,000 

Total $1,076,400 $403,650 $382,950 $793,500 $2,656,500 

Unallocated Funds for Follow-up $500,000 

Grand Total $3,156,500 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page vii 

Table of Contents 

Executive Summary................................................................. ii 

Property Description ...................................................................... ii 

Regional Geology .......................................................................... ii 

Taparko Group Permits..................................................................iii 

Kindo-Kaya Group Permits ............................................................iii 

Hounde Group Permits ................................................................. iv 

Exploration Concept...................................................................... iv 

Recommendations......................................................................... v 

Table of Contents .................................................................. vii 

List of Tables............................................................................ x 

List of Figures ......................................................................... xi 

1 Introduction and Terms of Reference............................... 1 

1.1 Qualifications of SRK............................................................. 1 

1.2 Scope of Work ....................................................................... 2 

1.3 Site Visit................................................................................. 2 

1.4 Acknowledgement ................................................................. 3 

1.5 Basis of the <strong>Technical</strong> <strong>Report</strong>................................................ 3 

1.6 Limitations & Reliance on Information ................................... 3 

2 Information on <strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong>.......................... 4 

2.1 History and Development ...................................................... 4 

2.2 Corporate Structure ............................................................... 5 

2.3 Burkina Faso Project Overview ............................................. 6 

3 Property Description and Location................................... 8 

3.1 Taparko Group Permits ....................................................... 11 

3.2 Kindo-Kaya Group Permits.................................................. 14 

3.3 Hounde Group Permits........................................................ 16 

3.4 Underlying Agreement......................................................... 18 

3.4.1 Strategic Alliance Agreement between <strong>Goldrush</strong> 

<strong>Resources</strong> Limited and High River Gold Mines Limited .... 18 

3.4.2 Option Agreement between Jilbey Gold Explorations 

<strong>Ltd</strong>. and Mr. Kindo Adama ................................................. 19 

3.5 Environmental Considerations............................................. 20 

3.6 Permits Required for Exploration Work ............................... 20 

4 Regional Geological Setting............................................ 21 

4.1 Regional geological setting of the Western Africa Precambrian 

Craton.................................................................................. 21 

4.2 Geological Setting of Burkina Faso ..................................... 22 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page viii 

5 Taparko Group Exploration Permits............................... 25 

5.1 Accessibility, Climate, Local <strong>Resources</strong>, Infrastructure and 

Physiography....................................................................... 25 

5.2 History.................................................................................. 27 

5.3 Geology of the Taparko Group Area.................................... 29 

5.4 Deposit Types and Mineralization........................................ 30 

5.5 Exploration........................................................................... 33 

5.5.1 Exploration Work on the Birgui-Nabingou Permit .............. 33 

5.5.2 Exploration Work on the Bougou Permit............................ 34 

5.5.3 Exploration Work on the Doumissi Permit ......................... 34 

5.5.4 Exploration Work on the Nomikdou Permit........................ 34 

5.5.5 Exploration Work on the Taranga Permit........................... 35 

5.5.6 Exploration work on the Tougouri Permit........................... 43 

5.5.7 Exploration Work on the Dyakolra and Ninnougou 

Permits ............................................................................... 44 

5.5.8 Exploration Work on the Wole Permit................................ 45 

5.5.9 Exploration Work on the Karga Permit............................... 45 

5.6 Sampling Method and Approach ......................................... 47 

5.7 Sample Preparation, Analyses and Security ....................... 48 

5.8 Data Verification .................................................................. 50 

5.8.1 Verifications by SRK .......................................................... 50 

5.9 Adjacent Properties ............................................................. 53 

5.10 Exploration Potential............................................................ 53 

5.11 Mineral Processing and Metallurgy...................................... 53 

5.12 Mineral Resource Estimation............................................... 53 

6 Kindo-Kaya Group Permits.............................................. 54 


Physiography....................................................................... 54 

6.2 History.................................................................................. 56 

6.3 Geological Setting of the Kindo-Kaya Group Area .............. 57 

6.4 Deposit types and Mineralization......................................... 60 


6.5.1 Soil and Rock Sampling..................................................... 61 

6.5.2 Trenching ........................................................................... 62 

6.5.3 Drilling ................................................................................ 65 

6.6 Sampling Approach and Methodology................................. 66 








7 Hounde Group Permits .................................................... 73 


Physiography....................................................................... 73 

7.2 History.................................................................................. 75 

7.3 Geological Setting of the Hounde Group Area .................... 76 

7.4 Deposit Type and Mineralization ......................................... 76 





<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page ix 

7.5.1 Soil and Rock Sampling..................................................... 79 

7.5.2 Trenching ........................................................................... 81 

7.5.3 Drilling ................................................................................ 81 

7.6 Sampling Approach and Methodology................................. 82 








8 Other Relevant Data ......................................................... 88 

9 Interpretation and Conclusions ...................................... 88 

10 Recommendations ........................................................... 90 

10.1 Recommended Exploration Work Program ......................... 90 

10.1.1 Recommended Work Program for the Taparko Group 

Permits ............................................................................... 91 

10.1.2 Recommended Work Program for the Kindo-Kaya 

Group Permits .................................................................... 94 

10.1.3 Recommended Work Program for the Hounde Group 

Permits ............................................................................... 94 

11 References ........................................................................ 96 

APPENDIX A......................................................................... 156 

APPENDIX B......................................................................... 216 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page x 

List of Tables 

Table i. Recommended Exploration Budget for the Taparko, Kindo- 

Kaya and Hounde Groups Exploration Permits, Burkina 

Faso................................................................................................vi 

Table 1. Burkina Faso Gold Exploration Permits Tenement 

Information...................................................................................... 9 

Table 2. Salient Assay Results Obtained from Rotary Air Blast Drilling 

on the Birgui-Nabingou Permit in 2004. ....................................... 33 

Table 3. Salient Assay Results Obtained from Rotary Air Blast Drilling 

on the Bougou Permit in 2004...................................................... 34 

Table 4. Salient Assay Results Obtained by Trenching on the 

Nomikdou Permit in 2005. ............................................................ 35 

Table 5. Salient Assay Results from Rotary Air Blast Drilling on the 

Taranga Permit in 2003 and 2004................................................ 39 

Table 6. Salient Assay Results Obtained from Reverse Circulation 

Drilling on the Taranga Permit in 2003 and 2004......................... 43 

Table 7. Salient Assay Results Obtained by Trenching at Area A1 on 

the Tougouri Permit in 2005. ........................................................ 43 

Table 8. Salient Assay Results Obtained by Trenching at Area #8 in 

2004.............................................................................................. 44 

Table 9. Salient Assay Results Obtained from the Rotary Air Blast 

Drilling at Area #8 in 2004. ........................................................... 45 

Table 10. Verification Sample Collected by SRK in February 2004 on 

the Taranga Permit and in February 2006 on the 

Ninnougou Permit......................................................................... 51 

Table 11. Partial Assay Results* for Samples Collected by SRK on 

the Taparko Group Permits in February 2004 and 2006.............. 51 

Table 12. Salient Assay Results Obtained by Trenching at Badinogo, 

in 2004 and 2005.......................................................................... 65 

Table 13. Salient Assay Results Obtained from Drilling at the Kilou 

and Badinogo Sites in 2004 and 2005. ........................................ 65 


the Tikare, Kongoussi 1 and Mane Permits. ................................ 70 

Table 15. Partial Assay Results* for Samples Collected by SRK on 

the Kindo-Kaya Group Permits in February 2006. ....................... 71 

Table 16. Assay Results from Verification Samples Collected by SRK 

Compared to Assay Results <strong>Report</strong>ed by High River Gold 

on the Tikare Permit. .................................................................... 71 

Table 17. Summary of Sampling Conducted by High River Gold on 

the Hounde Group Exploration Permits in 2004 and 2005........... 80 


the Olongo Permit......................................................................... 85 

Table 19. Partial Assay Results* for the Sample Collected by SRK on 

the Hounde Group Permits in February 2006. ............................. 85 

Table 20. Summary of Exploration Work Completed on the Burkina 

Faso Gold Exploration Permits by High River Gold and 

Jilbey During the Period 1997-2005. ............................................ 89 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page xi 

Table 21: Recommended Exploration Budget for the Taparko, Kindo- 

Kaya and Hounde Groups Exploration Permits, Burkina 

Faso.............................................................................................. 92 

List of Figures 

Figure 1. Organizational Structure of <strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong> in the 

Burkina Faso Exploration Permits. ................................................. 7 

Figure 2. Location of the Subject Exploration Permits Area.......................... 10 

Figure 3. Land Tenure Map of the Taparko Group Tenements. ................... 13 

Figure 4. Land Tenure Map of the Kindo-Kaya Group Tenements............... 15 

Figure 5. Land Tenure Map of the Hounde Group Tenements..................... 17 

Figure 6. Simplified Geology of the West Africa Craton................................ 21 

Figure 7. General Geology of Burkina Faso (Modified from Castaing 

et al., 2003)................................................................................... 23 

Figure 8. Typical Landscape in the Taparko Area. ....................................... 26 

Figure 9. Simplified Geology of the Taparko Area and location of the 

Taparko Group Exploration permits ............................................. 31 

Figure 10. Airborne Total Field Magnetic Image of the Taparko Group 

Exploration Permits Area.............................................................. 32 

Figure 11. Compilation of exploration work completed on the Taranga 

Exploration Permit. ....................................................................... 37 

Figure 12. Compilation of exploration work performed on the Monlouri 

Grid (Taranga Permit)................................................................... 38 

Figure 13. Site Visit Pictures. A, B, C. Area #7 on the Dyakolra 

Permit. .......................................................................................... 52 

Figure 14. Typical Landscape in the Vicinity of the Kindo-Kaya Group 

Permits Area................................................................................. 55 

Figure 15. Regional Geology in the Vicinity of the Kindo-Kaya Group 

Exploration Permits (modified from Castaing et al., 2003)........... 58 

Figure 16. Airborne Total Field Magnetic Image of the Kindo-Kaya 

Group Exploration Permits Area................................................... 59 

Figure 17. Compilation of Exploration Work Completed by Jilbey and 

High River Gold at Kilou in 2004. ................................................. 63 

Figure 18. Compilation of Exploration Work Completed by Jilbey and 

High River Gold at Badinogo in 2004. .......................................... 64 

Figure 19. Site Visit Pictures. A, B ad C. Badinogo Site on the Tikare 

Permit... ........................................................................................ 69 

Figure 20. Typical Landscape in the Vicinity of the Hounde Group 

Permits Area................................................................................. 74 

Figure 21. Regional Geology in the vicinity of the Hounde Group 

exploration permits (modified from Castaing et al., 2003)............ 77 

Figure 22. Airborne Total Field Magnetic Image of the Hounde Group 

Exploration Permits Area.............................................................. 78 




<strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, Burkina Faso. Page 1 

1 Introduction and Terms of 

Reference 

On January 4, 2006 <strong>Goldrush</strong> <strong>Resources</strong> Limited (“<strong>Goldrush</strong>”) and High River 

Gold Mines limited (“High River Gold”) announced the signature of a 

partnership agreement, whereby <strong>Goldrush</strong> obtained twenty-one early stage 

exploration permits in Burkina Faso in exchange for an equity position in 

<strong>Goldrush</strong>. 

Following this acquisition, <strong>Goldrush</strong> commissioned SRK Consulting (Canada) 

Inc (“SRK”) to visit the subject exploration permits and prepare an 

independent technical report for the newly acquired exploration properties in 

support of public financing in compliance with Canadian Securities 

Administrators National Instrument 43-101 Standards of Disclosure for 

Mineral Properties (“NI 43-101”). 

Meetings were held between <strong>Goldrush</strong> and SRK to discuss the scope of work 

and fees. An engagement letter containing an estimate of professional fees and 

disbursements to prepare the technical report was submitted to <strong>Goldrush</strong> and 

duly accepted. 

1.1 Qualifications of SRK 

The SRK Group comprises over 500 professionals, offering expertise in a wide 

range of resource engineering disciplines. The SRK Group’s independence is 

ensured by the fact that it holds no equity in any project and that its ownership 

rests solely with its staff. This permits SRK to provide its clients with 

conflict-free and objective recommendations on crucial judgment issues. SRK 

has a demonstrated track record in undertaking independent assessments of 

Mineral <strong>Resources</strong> and Mineral Reserves, project evaluations and audits, 

technical reports and independent feasibility evaluations to bankable standards 

on behalf of exploration and mining companies and financial institutions 

worldwide. The SRK Group has also worked with a large number of major 

international mining companies and their projects, providing mining industry 

consultancy service inputs. 

This technical report was compiled by Dr Jean-François Couture, P.Geo. 

(APGO#0197). Dr Couture is a Principal Geologist with SRK and has been 

employed by SRK since 2001. He has been engaged in mineral exploration and 

mineral deposit studies since 1982. Since joining SRK, Dr. Couture has 

prepared independent technical reports on several exploration projects in 

Canada, United States, China, Kazakhstan, northern Europe and West Africa. 

Dr. Couture has visited Burkina Faso on four separate occasions in August 

2003, February 2004, June 2004 and January 2006. 





This report benefited from the senior review of Mr. G. David Keller, Principal 

Geologist with SRK. Mr. Keller has not visited the properties. 

1.2 Scope of Work 

The scope of work, as defined in the letter of engagement, includes the 

preparation of an independent technical report in compliance with NI43-101 

guidelines for the several distinct exploration permits located in Burkina Faso. 

This work typically involves an assessment of the following aspects of each 

permit: 

• Topography, landscape, access; 

• Regional and local geology; 

• History of exploration work in the area; 

• Audit of exploration work carried out on the property by High River Gold; 

• Geology and gold mineralization on adjacent projects; 

• Exploration potential and recommendations for additional work. 

This technical report was prepared following the guidelines of Canadian 

Securities Administrators National Instrument 43-101 and Form 43-101F1 and 

in conformity with generally accepted CIM “Exploration Best Practices” 

Guidelines. 

1.3 Site Visit 

In compliance with NI 43-101 guidelines, Dr. Couture visited each of the 

mineral properties discussed herein (except the Karga, Noungou and Massima 

permits) during one or more of the four distinct trips to Burkina Faso 

conducted between August 2003 and February 2006. The Taranga permit was 

visited in August 2003 in connection with the preparation of a technical report 

on behalf of Jilbey Gold Exploration Limited (“Jilbey”). Dr. Couture returned 

to Burkina Faso between February 1 and 10, 2004 for the preparation of 

another technical report for Jilbey on several gold exploration permits 

including some of the permits discussed herein. 

On behalf of <strong>Goldrush</strong>, Dr. Couture returned to Burkina Faso between January 

27 and February 4, 2006 to review the exploration work conducted on the 

exploration permits discussed herein. The Tinkaré and Kongoussi 1 permits 

were visited on January 29, 2006. The Mané and Nahili permits were visited 

on January 31, 2006. The Hounde Group permits (except Massamo) were 

visited on February 1, 2006 and the Taparko Group permits (except Buirgui 

Nabingou, Bougou, Doumissi and Karga) were visited on February 2 and 3, 

2006. All permits that received significant exploration work were visited. On 

the permits not examined by SRK either no exploration work or only 

reconnaissance type work was conducted. 

During each visit, SRK was accompanied by High River Gold personnel who 

carried out the exploration work. SRK was given access to all file archives and 





conducted interviews of key High River Gold personnel regarding regional 

geology and field procedures used by High River Gold. 

1.4 Acknowledgement 

SKR would like to sincerely acknowledge the support provided by High River 

Gold during the site visit, and in particular, Mr. Yves Delorme, Claude Breton, 

John Learn and all the technical staff in Burkina Faso. 

1.5 Basis of the <strong>Technical</strong> <strong>Report</strong> 

This technical report is based on information made available to SRK by High 

River Gold and <strong>Goldrush</strong>. 

This technical report is based on the following sources of information: 

• Discussions with High River Gold exploration personnel; 

• Personal inspection the Taparko Group, Kindo-Kaya Group and Hounde 

Group exploration permits; 

• Review of exploration work conducted by High River Gold; 

• A review of the results of the known historical work; 

• Additional information obtained from public domain sources. 

1.6 Limitations & Reliance on Information 

SRK’s opinion contained herein and effective March 31, 2006, is based on 

information provided to SRK by High River Gold and <strong>Goldrush</strong> throughout 

the course of SRK’s investigations, which in turn reflects various technical and 

economic conditions at the time of writing. Given the nature of the mining 

business, these conditions can change significantly over relatively short 

periods of time. Consequently, actual results may be significantly more or less 

favourable. 

This report includes technical information that requires subsequent 

calculations to derive sub-totals, totals and weighted averages. Such 

calculations inherently involve a degree of rounding and consequently 

introduce a margin of error. Where these occur, SRK does not consider them 

to be material. 

SRK is not an insider, associate or an affiliate of <strong>Goldrush</strong> and High River 

Gold, and neither SRK nor any affiliate has acted as an advisor to <strong>Goldrush</strong> or 

its affiliates in connection with these exploration projects. The results of the 

technical review by SRK are not dependent on any prior agreements 

concerning the conclusions to be reached, nor are there any undisclosed 

understandings concerning any future business dealings. 





SRK has been informed by <strong>Goldrush</strong> and High River Gold that there is no 

current litigation that may be material to the exploration permits, and that 

<strong>Goldrush</strong> and High River Gold are not aware of any pending litigation that 

may be material to the mining asset. 

SRK reviewed a limited amount of correspondence, pertinent maps and 

agreements to assess the validity and ownership of the exploration permits. 

SRK examined permit applications and the original copies of orders from the 

Ministère des mines, des carrières et de l’énergie, granting the exploration 

permits (copies presented in Appendix A). However, SRK did not conduct an 

in-depth review of mineral title and ownership; consequently, no opinion will 

be expressed by SRK on this subject. 

2 Information on <strong>Goldrush</strong> 

<strong>Resources</strong> <strong>Ltd</strong>. 

<strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong>. is a public company with shares listed on the TSX 

Venture Exchange as a Tier 2 Issuer under the symbol GOD. <strong>Goldrush</strong> is a 

reporting issuer in the Provinces of British Columbia, Alberta and Quebec. On 

March 31, 2006, there were 33,106,352 Common Shares issued and 

outstanding. 

<strong>Goldrush</strong>’s registered office is located at Suite 200 – 204 Lambert Street, 

Whitehorse, YT Y1A 3T2 and the executive offices are located at Suite 584 - 

885 Dunsmuir Street, Vancouver, B.C., V6C 1N5. 

<strong>Goldrush</strong> is principally focused in the evaluation, acquisition and exploration 

for gold deposits in Burkina Faso. Within the course of its normal business, 

<strong>Goldrush</strong> is also actively assessing other exploration opportunities worldwide, 

as they become available. 

Currently, <strong>Goldrush</strong> holds exploration rights on several mineral exploration 

properties located in Burkina Faso. 

2.1 History and Development 

<strong>Goldrush</strong> was initially incorporated under the laws of the Province of Quebec 

on January 21, 1966 under the name La Société De Minerais D’Amiante 

D’Abitibi Limitée and its English version Abitibi Asbestos Mining Issuer 

Limited (no personal liability). 

Subsequently, the Company converted from a special limited company and, on 

September 26, 1986, changed its name to Les <strong>Resources</strong> Imco Ltée and its 

English version Imco <strong>Resources</strong> <strong>Ltd</strong>. Effective August 9, 1994, the Company 





was registered as an Extra-Provincial company under the Company Act of 

British Columbia. 

Effective July 18, 1995 the Company changed its name to Corporation 

<strong>Resources</strong> Meridian Peak and its English version Meridian Peak <strong>Resources</strong> 

Corporation and consolidated its then issued share capital on the basis of one 

new for every three and one half shares then issued. 

Effective July 22, 1997, the Company continued its corporate jurisdiction from 

Quebec to the Federal jurisdiction under the Canada Business Corporations 

Act and on October 4, 1999, the Company continued its corporate jurisdiction 

to the Yukon Territory. 

On September 26, 2001 the Company consolidated its share capital on the 

basis of four old for one new share and changed its name to Arcata <strong>Resources</strong> 

<strong>Ltd</strong>. 

On May 13, 2003, the Company consolidated its share capital on the basis of 

two old for one new share and changed its name to <strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong>. 

2.2 Corporate Structure 

<strong>Goldrush</strong>’s management is composed of technically oriented professionals: 

Len W. Brownlie, 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 <strong>Ltd</strong>. (a private 

consulting company). Dr. Brownlie has over twenty years of experience in 

administrative and executive positions with Vancouver-based mining 

exploration companies. 

Driffield Cameron, P. Geo., Director. Mr. Cameron is the Vice-President of 

Exploration for High River Gold Mines <strong>Ltd</strong>. and is a member of the 

Association of Professional Geoscientists of Ontario, a fellow of the 

Geological Association of Canada and a member of the Society of Economic 

Geologists. Mr. Cameron has over thirty years of international experience in 

mining exploration with ASARCO Exploration Company of Canada <strong>Ltd</strong>., 

Gold Fields Canadian Mining Limited and High River. Driffield Cameron 

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. 

Robert Young, B.A.Sc., P. Eng., Director. Mr. Young is an independent 

geological consultant with over forty 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. 





Kim Phillips, 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 <strong>Ltd</strong>. (a private consulting company). Mr. Phillips has over 

seventeen years experience in senior management positions for public 

companies listed on the TSX Venture Exchange. Mr. Phillips presently serves 

as the CFO or as a director of three companies which trade on the TSX 

Venture Exchange. 

Allan Williams, Director. Mr. Williams is a self-employed business consultant 

with over twenty years experience involving public companies and venture 

capital markets. Mr. Williams presently serves as a director or officer of three 

companies which trade on the TSX Venture Exchange. 

2.3 Burkina Faso Project Overview 

On January 4, 2006, <strong>Goldrush</strong> announced that it had entered into a Strategic 

Alliance Agreement with HRG which will result in <strong>Goldrush</strong> obtaining from 

HRG twenty-one exploration permits totalling approximately 4,690 square 

kilometres in Burkina Faso, West Africa. Since the signature of the 

Agreement, one expiring permit was replaced by three new permit 

applications. The 

As consideration for the transaction, the Company issued 6,540,000 common 

shares and a debenture (the “Debenture”) in the principal amount of 

CN$1,994,277 to HRG. The Debenture is non-interest bearing, due in five 

years and is convertible, at the option of the Company only, into common 

shares of the Company at a deemed value of CN$1.00 per share. 

HRG will have the right to back-in for fifty percent of each property where a 

new economic deposit is discovered upon payment of 150 percent of 

<strong>Goldrush</strong>’s costs. On deposits discovered on properties acquired directly by 

<strong>Goldrush</strong>, HRG will have the right to back-in for fifty percent of each property 

where a new economic deposit is discovered upon payment of 200 percent of 

<strong>Goldrush</strong>’s costs. Under this strategic alliance HRG has also agreed to support 

<strong>Goldrush</strong>’s future equity financings by subscribing for a minimum ten percent 

of total financings and to contract its highly experienced Burkina Faso 

exploration team to <strong>Goldrush</strong> at cost. 

The organisational structure of ownership in Burkina Faso exploration permits 

is presented in Figure 1. 





High River 

Gold Mines <strong>Ltd</strong> 

Birgui-Nabingou 

Taparko Taparko Group 

Group 

Exploration Exploration Permits 

Permits 

Bougou 

Doumissi 

Nomikdou 

Taranga 

Tougouri 

Wole 

Karga 

Dyakolra 

Ninnougou 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

Talpenren (100%) 

Talpenren (100%) 

Strategic 

Alliance 

Agreement 

New permits 

Applied for 

Replacing expiring 

Taparko S permit 

<strong>Goldrush</strong> 

<strong>Goldrush</strong> 

<strong>Resources</strong> <strong>Resources</strong> <strong>Ltd</strong>. 

<strong>Ltd</strong>. 

Mane 

Tikare 

Kindo-Kaya Kindo-Kaya Group 

Group 


Permits 

Nougou 

(90%) 

Kongoussi 

(100%) 

(100%) 

(100%) 

Mr. Kindo Adama 

(SOMIKA) 

Government of 

Burkina Faso 

Hounde Hounde Belt Belt Group 

Group 


Permits 

Nahili Tinkiro 

(option to 

purchase 100%) 

Koro 

Olongo 

Tokora 

Loropeni 

JFC <strong>Goldrush</strong>_<strong>Resources</strong>_BF_TR_3CG009 000_JFC_20060508.doc March 31, 2006 

(10%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

(100%) 

Massamo 

Bangbara 

Figure 1. Organizational Structure of <strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong> in 

the Burkina Faso Exploration Permits.




3 Property Description and Location 

On January 4, 2006, High River Gold announced a strategic alliance agreement 

with <strong>Goldrush</strong>, whereby <strong>Goldrush</strong> would acquire twenty-one early stage 

exploration permits from High River Gold totalling approximately 4,652 

square kilometres in Burkina Faso in exchange for an equity interest in 

<strong>Goldrush</strong> and backing rights. 

Since the signature of the agreement with High River Gold, applications were 

filed for three new permits covering the surface area of one expiring 

exploration permit. At the time this report is prepared, the exploration permits 

have not yet been granted. 

As a result, the subject exploration properties consist of twenty-three early 

stage exploration permits (three permits are pending) divided into three groups 

and exclude the core exploration and development projects of High River Gold 

in Burkina Faso, Taparko, Bissa and Labola. 

The subject properties are sub-divided into three groups located in three 

different regions of Burkina Faso (Figure 2). The first group referred to as the 

Taparko Group comprises eleven permits totalling 2,197 square kilometres, 

four of which are contiguous with the north, west and south boundaries of the 

Taparko exploitation permit. The second group, known as the Kindo-Kaya 

Group, is located approximately forty kilometres northeast of Ouagadougou 

and consists of five exploration permits covering an area of approximately 

1,105 square kilometres. Two of the permits are located approximately six 

kilometres northwest of the High River Gold’s Bissa project while the other 

three are situated approximately thirty-five kilometres southeast of the High 

River Gold’s Bissa gold project. The third group, referred to as the Hounde 

Group, is located approximately 280 kilometres southwest of Ouagadougou 

and consists of seven exploration permits covering an area of approximately 

1,350 square kilometres. 

Each permit is granted by order of the Ministère des mines, des carrières et de 

l’énergie of Burkina Faso. By granting these permits, the Government of 

Burkina Faso retains a ten percent carried interest in each property, free of all 

charges. This participation right will in no case be diluted. 

Each exploration permit is valid for a period of three years from the date of 

issuance and may be renewed for a maximum of two consecutive three-year 

terms. Furthermore, the minimum annual exploration expenditures on each 

permit are set at 270,000 CFA (approximately US$502) per square kilometre. 

Relevant tenement information is presented in Table 1. A copy of the 

exploration licences is presented in Appendix A. 





Table 1. Burkina Faso Gold Exploration Permits Tenement Information. 

Permit Name Registered to Date Granted Order number Expiry date Area (km2) 

Taparko Group 

Birgui-Nabingou High River Gold Mines W.A. Jul 18, 2003 2003/03-040/MCE/SG/DGMGC May 17, 2006 310.00 

Bougou High River Gold Mines W.A. Jul 11, 2005 2005/05-066/MCE/SG/DGMGC Aug 07, 2007 72.44 

Doumissi Jilbey Gold Expl. Oct 04, 2005 2005/05-112/MCE/SG/DGMGC Oct 03, 2008 26.27 

Nomikdou Jilbey Gold Expl. Nov 21, 2003 2003/03-086/MCE/SG/DGMGC Nov 21, 2006 250.00 

Taranga High River Gold Mines W.A. Feb 27, 2003 2003/03-008/MCE/SG/DGMGC Feb 26, 2006 240.00 

Tougouri Jilbey Gold Expl. Nov 21, 2003 2003/03-088/MCE/SG/DGMGC Nov 21, 2006 250.00 

Dyakolra High River Gold Mines W.A. New permit application 202.70 

Ninnougou High River Gold Mines W.A. New permit application 224.77 

Tanpelren High River Gold Mines W.A. New permit application 121.43 

Wolé High River Gold Mines W.A. Nov 21, 2003 2003/03-085/MCE/SG/DGMGC Nov 21, 2006 250.00 

Karga Jilbey Gold Expl. Nov 24, 2003 2003/03-089/MCE/SG/DGMGC Nov 23, 2006 250.00 

Sub-total 2,197.61 

Kindo-Kaya Group 

Kongoussi1 Soc. Min. K. Adama (SOMIKA) Nov 05, 2004 2004/04-159/MCE/SG/DGMGC Nov 04, 2007 200.00 

Tikare Mr. Kindo Adama Aug 08, 2003 2003/03-066/MCE/SG/DGMGC Aug 08, 2006 248.00 

Mané Jilbey Burkina Sarl Dec 19, 2005 2006/06-001/MCE/SG/DGMGC Dec 18, 2008 220.55 

Noungou Jilbey Burkina Sarl Oct 04, 2005 2005/05-113/MCE/SG/DGMGC Oct 04, 2008 249.78 

Nahili Jilbey Burkina Sarl Sep 12, 2005 2005/05-093/MCE/SG/DGMGC Sep 11, 2008 187.42 


Hounde Group 

Bangbara High River Gold Mines W.A. Sep 12, 2005 2002/05-091/MCE/SG/DGMGC Sep 11, 2008 227.93 

Tinkiro High River Gold Mines W.A. Mar 02, 2004 2004/000048/MCE/SG/DGMGC Mar 01, 2007 83.38 

Koro High River Gold Mines W.A. Mar 02, 2004 2004/000046/MCE/SG/DGMGC Mar 01, 2007 250.00 

Olongo High River Gold Mines W.A. Mar 02, 2004 2004/000047/MCE/SG/DGMGC Mar 01, 2007 250.00 

Tokora High River Gold Mines W.A. Mar 02, 2004 2004/000044/MCE/SG/DGMGC Mar 01, 2007 250.00 

Loropeni High River Gold Mines W.A. Mar 02, 2004 2004/000045/MCE/SG/DGMGC Mar 01, 2007 250.00 

Massamo High River Gold Mines W.A. Sep 08, 2004 2004/000045/MCE/SG/DGMGC Sep 07, 2007 37.70 


Total 4,652.37 





Figure 2. Location of the Subject Exploration Permits Area. 





3.1 Taparko Group Permits 

The Taparko Group comprises a total of eleven exploration permits located in 

the vicinity of High River Gold’s Taparko-Bouroum Mine under construction 

(Figure 3) and approximately 150 kilometres northeast of Ouagadougou. The 

permits cover an aggregate area of approximately 2,198 square kilometres. The 

centroid of the group of exploration permits is located at zero degrees and 

twenty-five minutes longitude west and thirteen degrees and seventeen minutes 

latitude north. 

Ten of the permits (Birgui-Nabingou, Bougou, Doumissi, Nomikdou, Taranga, 

Tougouri, Dyakolra, Ninnougou, Tanpenren and Wolé) form an irregular 

contiguous block covering approximately 1,948 square kilometres and 

contiguous with the north, west and south boundary of the Taparko 

exploitation permit. The tenth permit (Karga) is located approximately twentyfive 

kilometres to the northeast along the road to Dori and covers and area of 

250 square kilometres. 

The Birgui-Nabingou and Bougou permits are contiguous with the western and 

northern boundary of the Taparko exploitation permit (Figure 3). They are 

registered in the name of High River Gold Mines (West Africa) Limited and 

cover an area of approximately 310 and 74.4 square kilometres, respectively. 

The Doumissi permit is registered in the name of Jilbey Gold Exploration 

Limited (a wholly owned subsidiary of High River Gold) and occupies an area 

of approximately 26.3 square kilometres between the Taparko exploitation 

permit and the Koulouko exploration permits, both owned by High River Gold. 

The Nomikdou permit covers an area of 250 square kilometres and is 

contiguous with the southern boundary of the new Dyakolra, Ninnougou 

permits (Figure 3). It is included in the Boulsa quadrangle in the Namentenga 

and Gnagna Provinces. 

The Taranga permit covers an area of approximately 240 square kilometres 

and its western limit coincides with the south-eastern margin of the Dyakolra 

permit (Figure 3). This permit is included in the Pissila quadrangle within the 

Gnagna Province. The town of Thion is within the limits of the permit. The 

Taranga permit includes an “orpailleur” zone named Monlouri covering 

approximately one square kilometre registered to Mr. Sawadogo Sayouba and 

authorized by decree N°01-13/MCE/SC/DGMGC/DEMPEC dated October 19, 

2001. This authorized artisan zone may no longer be valid as there is no record 

of its renewal. 

The area located to the south of the current Taparko exploitation license and 

formerly parts of the Taparko exploration permit expired on February 17, 

2006. High River Gold filed applications for three new permits (to be named 

Dyakolra, Ninnougou and Tanpelren) to protect the area formally occupied by 

the southern portion Taparko permit. At the time this report was assembled, 

the applications had been filed but the permits had not yet been granted. 





The Tougouri and Wole permits are located in the Pissila quadrangle in the 

Province of Namentenga. They each cover an area of 250 square kilometres. 

The Tougouri permit is registered in the name of Jilbey Gold Explorations 

Limited while Wole is registered in the name of High River Gold Mines (West 

Africa) Limited. 

The Karga permit covers an area of 250 square kilometres inside the Pissila 

quadrangle in the Province of Seno (Figure 3). It is registered in the name of 

Jilbey Gold Explorations Limited. This permit is contiguous with the north and 

east limits of the Guiro exploration permit registered to Stremco, a Burkinabé 

company. There are no records indicating that the Guiro permit was renewed. 

The land tenure information presented herein is derived from copies of the 

Order Orders of the Ministère des Mines, des carrières et de l’énergie granting 

each permit. The boundaries of each permit are defined by corner posts 

positioned according to geographic coordinates (UTM Clarke 1880 elipsoid, 

Adindan Datum) as indicated on the land tenure map (Figure 3). The 

geographic coordinates of each corner post and a copy of the Order are 

presented in Appendix A. The boundaries of each permit are not physically 

marked on the ground, and have not been legally surveyed. 





Figure 3. Land Tenure Map of the Taparko Group Tenements. 





3.2 Kindo-Kaya Group Permits 

The Kindo-Kaya Group comprises five exploration permits distributed into 

three separate blocks covering an aggregate area of 1,105 square kilometres. 

The centroid of the Kindo group of exploration permits is located at one degree 

and thirty-four minutes longitude west and thirteen degrees and seventeen 

minutes latitude north while the centoid of the Kaya group is located at 

approximately one degree and twelve minutes longitude west and twelve 

degrees and fifty-six minutes latitude north. 

Two permits (Kongoussi 1 and Tikaré) form one contiguous block located 

south of the town of Kongoussi (Figure 4). They are registered in the name of 

Société Minière Kindo Adama (SOMIKA) and Mr. Kindo Adama, 

respectively. 

The Tikare permit includes three small authorized “artisan” mining operations 

named Kilou, Badinogo and Baole. The first two are registered to Mr. Kindo 

Adama as documented by decree N° 03-015/MCE/SG/DGMGC and 

N° 2004/002/MCE/SG/DGMGC. The third is registered to Mr. Bassole 

Boubakar as documented by decree N° 01-003/MCE/SG/DGMGC/DEMPEC. 

Each site covers an area of approximately one square kilometre. 

The three other permits (Mane, Noungou and Nahili) are registered in the 

name of Jilbey Burkina Sarl, a wholly owned subsidiary of High River Gold. 

The Mane and Noungou permits are contiguous and cover areas of 220.55 and 

249.8 square kilometres, respectively. The Nahili permit is located south of the 

town of Kaya and covers an area of 187.4 square kilometres. 

The Mane permit includes an “artisan” mining operation known as Nonglado- 

Met, registered to Burkina Metal Or, a Burkinabe company, and covering an 

area of approximately one square kilometre. It is authorized by decree 

N° 05/002/MCE/SG/DGMGC. 













Figure 4. Land Tenure Map of the Kindo-Kaya Group Tenements. 





3.3 Hounde Group Permits 

The Hounde Belt Group permits include seven permits located in the Gaoua 

quadrangle of the Province of Poni and cover an aggregate area of 

approximately 1,349 square kilometres. The centroid of the group of 

exploration permits is located at three degrees and thirty-six minutes longitude 

west and six degrees and thirty minutes latitude north. The northern boundary 

of the group of permits is contiguous with the southern boundary of the Poyo 

permit of Orezone <strong>Resources</strong> Limited (“Orezone”) (Figure 5). 

Six permits (Bangbara, Tinkiro, Koro, Olongo, Tokora and Loropeni) form 

one contiguous block covering an aggregate area of 1,311 square kilometres. 

They are located west of the regional town of Gaoua. 

The Massamo permit covers an area of approximately thirty-eight square 

kilometres. It is contiguous with the western boundary of the Poyo permit of 

Orezone. 













Figure 5. Land Tenure Map of the Hounde Group Tenements. 





3.4 Underlying Agreement 

3.4.1 Strategic Alliance Agreement between <strong>Goldrush</strong> <strong>Resources</strong> 

Limited and High River Gold Mines Limited 

<strong>Goldrush</strong>’s rights to the twenty-two exploration permits were acquired though 

a partnership agreement with High River Gold Mines Limited as announced by 

news release on January 4, 2006. 

The terms and conditions of the partnership agreement (“the Agreement”) 

were disclosed (Form 51-102F3 available on SEDAR). In summary, the terms 

and conditions are as follows: 

Prior acquisition to the partnership, High River Gold and its partners incurred a 

total of CN$3,302,277 in exploration expenditures on the twenty-two 

exploration permits between 1997 and 2005. 

In exchange for receiving a ninety percent interest in the exploration permits 

(with the remaining ten percent of interest being retained by the Government 

of Burkina Faso) <strong>Goldrush</strong> will: 

• Issue to High River Gold 6,540,000 common shares at a deemed value of 

CN$0.20 per share (for a value of CN$1,308,000), which will represent an 

approximate 19.9 percent interest in <strong>Goldrush</strong> after such issuance. Both 

parties have agreed that this number of shares shall be increased by 19.9 

percent of the number of any common shares issued by <strong>Goldrush</strong> prior to 

the closing of the transaction; and 

• Issue to High River Gold a non-interest bearing convertible debenture with 

a term of five years after closing in the amount of CN$1,994,277. <strong>Goldrush</strong> 

will have the right to redeem the debenture for cash or by the issuance of 

common shares at a deemed value of CN$1.00 per common share anytime 

during the term of the debenture. 

The Agreement is conditional upon the regulatory approval and board approval 

of both companies. Upon completion of the transaction, High River Gold will 

have the right to nominate one director to <strong>Goldrush</strong>’s Board of Directors. 

Under the terms of the partnership, <strong>Goldrush</strong> will contract part of High River’s 

exploration team at cost to operate the exploration programmes on the permits, 

using High River Gold’s existing resources and infrastructure and subject to 

<strong>Goldrush</strong>’s approval of all exploration programmes. The Agreement provides 

<strong>Goldrush</strong> with access to the future processing plant at Taparko-Bouroum for 

up to 500,000 tonnes per annum once the planned mill has been expanded 

beyond its current 1,000,000 tonne per year design capacity. High River Gold 

will have a one time right, in the event a deposit is discovered on <strong>Goldrush</strong>’s 

ground, to purchase a fifty percent interest in each property at a cost of 1.5 

times <strong>Goldrush</strong>’s actual out-of-pocket costs to date on that property. If the fifty 





percent interest is purchased, a joint venture will be formed and High River 

Gold will be the operator during the mine development and production stage. 

The Agreement also provides for High River Gold to be given a one time right 

to purchase a fifty percent interest with operatorship rights in any new property 

acquired by <strong>Goldrush</strong> in Burkina Faso, at a cost of two times <strong>Goldrush</strong>’s actual 

out-of-pocket costs to date on that property. 

High River Gold will have sixty days from the date of a positive feasibility 

study on each property to exercise their back-in right, after which time the 

right shall expire. 

The Agreement gives <strong>Goldrush</strong> a further right to acquire, at High River Gold’s 

discretion, any new exploration property identified by High River Gold in 

Burkina Faso. 

On March 6, 2006, <strong>Goldrush</strong> issued a Material Change Form 51-102F3 

announcing the closing of Strategic Alliance Agreement with High River Gold. 

As a result <strong>Goldrush</strong> has issued 6,540,000 common shares at a deemed price of 

CN$0.20 per share and a debenture (the “Debenture”) in the principal amount 

of CN$1,994,277 to High River. The shares have a four month hold period that 

expires on July 4, 2006. The Debenture is non-interest bearing, due in five 

years and is convertible, at the option of the Company only, into common 

shares of the Company at a deemed value of CN$1.00 per share. 

3.4.2 Option Agreement between Jilbey Gold Explorations <strong>Ltd</strong>. 

and Mr. Kindo Adama 

High River Gold’s rights to the Tikare and Kongoussi 1 exploration permits 

were acquired by way of a “Contrat de Concession” (“the Agreement”) signed 

between Jilbey Gold Explorations Limited and Mr. Kindo Adama Director of 

the Société SOMIKA, a private Burkinabe company on April 18, 2004. 

The Agreement provided Jilbey with the option to acquire 100 percent interest 

in four exploration permits (Sakou, Kossouka, Tikaré and Yargo against 

payments totalling 60 million CFA francs payable in two instalments: 36.5 

million at the signature of the agreement, and 33.5 million CFA francs at the 

second anniversary of the Agreement. Following the second anniversary 

payment, Mr. Kindo would retain a three percent annual royalty from gold 

production from the properties (the Government of Burkina Faso would retain 

the statutory ten percent interest). The Agreement also provides Jilbey with a 

right of first refusal to buy back the royalty from Mr. Kindo. 

The Agreement was modified on August 6, 2005, October 12, 2005 and on 

February 20, 2006 to allow Jilbey to return the Kossouka permit to Mr. Kindo 

and replace it with the Kongoussi 1 permit. 

In September 2005, Jilbey Gold Explorations Limited became a wholly owned 

subsidiary of High River Gold. 





3.5 Environmental Considerations 

The exploration permits are early stage exploration projects, and have received 

minimal exploration work by past project operators including High River 

Gold. 

Exploration work includes soil sampling and prospecting, geological mapping 

and very limited trenching and reverse-circulation drilling. <strong>Goldrush</strong> has not 

conducted any exploration work on the properties. Surface disturbances 

relating to this exploration work are considered minimal. Trenches visited by 

SRK have caved-in partially and do not represent a material security issue. 

On several permits, artisan miners have targeted gold-bearing quartz veins 

where pits of variable depths and geometries have been excavated. Many sites 

are abandoned while others were active at the time SRK visited the properties. 

The more significant sites potentially represent a security risk as some of the 

pits reach depths of several tens of metres. 

SRK has not conducted a detailed review of the environmental liabilities 

related to each of the exploration permits and therefore, no professional 

opinion can be expressed on this matter by SRK. However, considering the 

early stage of the exploration project and the limited extent of historical work, 

the potential environmental liabilities related to each concession are considered 

negligible. 

3.6 Permits Required for Exploration Work 

No permit other than the Exploration Permit is required for exploration 

activities including trenching and drilling. Other permits such as the Artisan 

Mining Authorization, Large Mine Mining Permit, or Quarry Permit are 

granted by the Government. 





4 Regional Geological Setting 

4.1 Regional geological setting of the Western Africa 

Precambrian Craton 

The western African Precambrian craton is composed of two Archean nuclei 

surrounded by extensive lower and middle Proterozoic volcanic and 

sedimentary rocks and an outer fringe of upper Proterozoic and Phanerozoic 

rocks (Figure 6). The northern Archean core is located in Morocco and 

Mauritania and the southern Archean nucleus is situated in Liberia, Guinea and 

Sierra Leone. The Liberian Archean Nucleus and the surrounding Prorerozoic 

rocks form the Man Shield. It is bounded to the east by Pan African orogenic 

belts and is overlain to the west and north by flat-lying sedimentary rocks of 

the Voltaic basin. 

Figure 6. Simplified Geology of the West Africa Craton. 





4.2 Geological Setting of Burkina Faso 

The following description of the geology of Burkina Faso was modified from 

Castaing et al. (2003) and references therein. 

The geology of Burkina Faso can be subdivided into three major litho-tectonic 

domains: a Paleo-proterozoic basement underlying most of the country; a Neoproterozoic 

sedimentary cover developed along the western, northern and 

south-eastern portions of the country; and a Cenozoic mobile belt forming 

small inliers in the north-western and extreme eastern regions of the country. 

The Paleo-proterozoic basement comprises Birimian volcano-sedimentary and 

plutonic rock intruded by large batholiths of Eburnean granitoid. The overall 

structure of this basement is defined by two major north-northeast-trending 

sinistral shear zones —the Houndé-Ouahigouya Shear Zone in the west and the 

Tiébélé-Dori-Markoye Shear Zone in the east (Figure 7). These two fault 

zones sub-divide the country into three domains: an eastern domain cut by a 

series of northeast-trending structures, a central domain characterized by 

arcuate structural patterns such as those of the Goren and Djibo belts, and a 

western domain hosting north- to northeast-trending structural features. 

The Birimian volcano-sedimentary and plutonic rocks of the western domain 

are further subdivided into a series of north-northeast-trending greenstone 

terranes (Sindou, Banfora, Houndé and Boromo belts). Towards the north, the 

Houndé and Boromo belts merge and curve into the central domain to form the 

arcuate Goren and Djibo belts. In the eastern domain, the Birimian belts 

mostly form isolated northeast-trending outliers within chiefly granitic 

terranes. 

The basement is composed of unevenly distributed volcanic and plutonic 

bodies enclosed within fine to medium grained sedimentary sequences 

comprised of black shale, schists, greywacke, quartzite and chert. The age of 

the volcano-sedimentary and plutonic rocks ranges from 2,238 millions years 

(“Ma”) to 2,170 Ma. This succession is unconformably overlain by younger 

Tarkwaian siliceous and arkosic sandstone and conglomerate and are generally 

metamorphosed to greenschist assemblages, and locally to amphibolite 

assemblages in proximity to shear zones and granitic intrusions 

The Eburnean granitoids form large intrusive bodies that can be sub-divided 

into a tonalite suite and a granite suite. 

The tonalite suite consists of small intrusions broadly contemporaneous with 

the Birimian volcano-sedimentary and plutonic rocks from 2,210 to 2,100 Ma. 

They can be further subdivided into three families with contrasting age and 

geographic distribution: an outer domain in the east, north and northwest that 

was emplaced between 2,210 and 2,160 Ma, an inner domain in the south and 

southwest intruded between 2,150 and 2,140 Ma, and an intermediate domain 

in the middle emplaced between 2,130 and 2,100 Ma. The tonalite suite 

comprises granodiorite, tonalite and quartz diorite intrusions locally foliated. 





Figure 7. General Geology of Burkina Faso (Modified from 

Castaing et al., 2003). 

The granite suite comprises two distinct suite of plutons intruding both the 

Birimian rocks and the tonalite suite: a suite of granites emplaced between 

2,150 and 2,130 Ma and exposed mainly in the east and northeast of the 

country, commonly along shear zones; and a large granitic batholith emplaced 

between 2,117 and 2,095 Ma, mainly in the central portion of the country on 

either side of the arcuate Goren belt. The first-generation granite is generally 

superposed on the inner tonalite domain, whereas the second-generation 

granite intrudes both the inner and intermediate tonalite domains in the centre 

of the country. Late alkaline granite and syenite bodies intruded between 1,889 

and 1,819 Ma occur in a few locations. 

The magmatic and geodynamic evolution of the Paleoproterozoic basement 

involved three major periods. The oldest period corresponds to the 





emplacement of the Birimian volcanic rocks and is contemporaneous to both 

the deposition of sandy-pelitic sediments and the intrusion of gabbroic plutons. 

Volcanic rock exhibits a “depleted” geochemical signature characteristic of 

“oceanic” suggesting accumulation into a volcanic basin away from any 

continental influence. The second period comprises the intrusion of the vast 

post-Birimian age tonalite suite characterized by “adakitic” geochemical 

signatures, similar to that found in recent subduction-zone-related calc-alkaline 

rocks. The third phase corresponds to the emplacement of the granite suite and 

the inception of major north-northeast-trending sinistral shear zones. The 

commonly high-potassium character of these intrusions suggests a “nondepleted” 

source region clearly distinct from ocean-floor. 

The first period would have ended with the emplacement, between 2,240 and 

2,170 Ma, of andesitic-basaltic island-arc systems represented by the volcanosedimentary 

belts. The second period occurred between 2,210 and 2,100 Ma, 

and was characterized by the intrusion of the island arcs by the extensive 

tonalite suite plutons. The third period, between 2,150 and 2,095 Ma, resulted 

in the tectonic transposition of these island arcs during the “Eburnean 

orogeny” along major strike-slip shear zones that accommodated the regional 

shortening and enabled lateral accretion to produce the structural patterns 

recognized today. 

The earliest shear zone, which trends northeast, was initially formed around 

2,150 Ma in the eastern portions of Birkina Faso. These structures are 

transacted by the major north-northeast sinistral ductile Tiébélé-Dori-Markoye 

shear zone (Figure 7), which transects the entire country. In the west, the 

sinistral Houndé-Ouahigouya shear zone (Figure 7) caused ductile deformation 

of granitic bodies dated at 2,136 Ma. It is interpreted that this major structure 

controlled the location of Tarkwaian age sedimentation, which began circa. 

2,150 Ma, at the onset of the Eburnean orogeny 

The intensity of deformation and metamorphism varies extensively across the 

country. Volcano-sedimentary rocks are generally characterized by subvertical 

stratigraphy, folding, shearing and a generally well-developed vertical 

cleavage. Plutonic rocks exhibit magmatic and tectonic layering, folding and 

stress attributed to both emplacement and post-emplacement features. 

Metamorphism and deformation typically increases near plutons and in the 

vicinity of shear zones. The major tectono-metamorphic events occurred 

between 2,150 and 2,095 Ma. 

West African gold deposits share many characteristics with gold deposits in 

the Canadian and Australian Precambrian Shields. Deposits are typically 

associated with pervasive alteration zones with discontinuous quartz vein 

arrays and stockwork. Structure is the principal control on the location of the 

gold mineralization. Major gold deposits are typically located on or near major 

shear zones, near or at intersecting crosscutting faults, and near or on major 

bends in the stratigraphy, or the hosting shear zone. Major shear zones have 

strike extensions typically exceeding ten kilometres and extend at depth to 

over two kilometres with widths varying from ten to 200 metres. Surface 

weathering and oxidation of primary mineralization under tropical conditions 

can form large deposits amenable to low-cost open pit mining and cyanideleach 

gold recovery. 





5 Taparko Group Exploration Permits 

5.1 Accessibility, Climate, Local <strong>Resources</strong>, 

Infrastructure and Physiography 

The Taparko Group exploration permits are situated approximately 150 

kilometres east northeast of Ouagadougou, the Capital city of Burkina Faso 

(Figure 2). The area is accessible via the sealed National 3 road connecting 

Ouagadougou to the town of Dori. High River Gold has established an 

exploration camp at the Bouroum project which is located approximately 20 

kilometres north of the town of Tougouri. Driving time from Ouagadougou is 

approximately two hours. The exploration permits are easily accessible 

through a good network of secondary gravel roads and tracks providing easy 

access to most parts of the permits during the dry season. 

This area of Burkina Faso is a region of generally flat steppe with rolling hills 

and local lateritic plateaus with sharp edges (Figure 8). The local climate in 

this portion of West Africa is characterized by the Sahel zone. The wet season 

typically extends from June to September. The mean annual rainfall varies 

between 400 and 600 millimetres. Owing to the very high rate of evaporation, 

there are no year-long surface accumulations of water in the area except for 

man-made storage and reservoirs. 

An abundant unskilled local workforce is available in the area, many of whom 

have been employed on adjacent exploration projects. A skilled workforce is 

available in Burkina Faso, travelling from major centers such as Ouagadougou. 

In the vicinity of the subject exploration permits, there is a large population of 

artisan miners. 

The land and surface rights belong to the State of Burkina Faso. In a city like 

Ouagadougou, the Town Council sells plots for housing and building. In this 

case, the buyer receives paper titles attesting to ownership. Outside cities, 

traditional "Land Chiefs" may give some land to people for housing or 

agricultural purposes. Almost all villages have a Land Chief. In this case, no 

paper titles are issued. It is good exploration practice to develop a close 

relationship with the traditional Chiefs, and to keep them informed on 

upcoming work and its potential benefits to the community. Like in many 

other areas, good manners must be exercised in accessing land for exploration 

work; this includes minimizing impact of ground activities and appropriate 

compensation for damage to surface land and crops. Care must be taken to 

learn about the location of local sacred lands (e.g. sacred hills, cemeteries, 

etc.). 





Figure 8. Typical Landscape in the Taparko Area. A. Ninnougou Permit, 

Outcropping Area Looking North in the Environment of the Markoye 

Fault. B. Ninnougou Permit, Area #8 Artisan Site, Looking North. C. 

Dyakolra Permit. Landscape in the Vicinity of Area #7, Looking North. D. 

Outcrop of Granitic Rock on the Tougouri Permit. E. Small Outcrop of 

Mafic Volcanic Rock on the Nomikdou Permit, Looking South. 





5.2 History 

The following summary of historical work in the Taparko area is taken from a 

technical report prepared in November 2003 by High River Gold for the 

Taparko-Bouroum Project (Vanin et al., 2003). Additional historical 

information was provided in a technical report prepared by SRK in April 2004 

for Jilbey on a group of gold exploration permits located near Taparko. 

The original discovery of gold in the Taparko area was made by local people 

who have conducted primitive mining operations in several distinct areas. 

Following work conducted by state geological surveys during the 1970s, 

modern exploration during the 1990s resulted in the discovery of two 

significant gold deposits at Bouroum and Taparko. A substantial amount of 

surface exploration has been completed on both properties. Work completed at 

Taparko includes 182 trenches totalling more than ten kilometres in length, 

nearly forty-five kilometres of diamond drilling (412 boreholes), and nearly 

twelve kilometres of reverse circulation drilling (189 holes). At Bouroum, five 

kilometres of diamond drilling (56 boreholes) and twenty-nine kilometres of 

reverse circulation drilling (244 boreholes) have been completed. 

In the second half of 2003, a feasibility study combining the Taparko and 

Bouroum projects was completed by High River Gold (Vanin et al., 2003) and 

subsequently updated to reflect current costs. Construction of the mining 

project began in 2005. 

In the context of the original Taparko deposits discovery, two additional 

exploration permits (Taranga and Nongo-Fayere) were acquired by High River 

Gold to the East of the Taparko concession in February 2003, and 

subsequently transferred to Jilbey who conducted reconnaissance exploration 

work and limited drilling on both permits during 2003 and 2004. 

As part of its agreement with High River Gold, Jilbey also conducted 

reconnaissance exploration work during 2004 and the first half of 2005 on 

several other permits in the Taparko area transferred from High River Gold or 

acquired during 2004 (Koulouko, Dassamtanga, Wolé, Tougouri, Nomikdou, 

Karga, Birgui-Nabingou and Bougou). This work included regional soil 

sampling, prospecting geological mapping, ground geophysics followed by 

trenching, rotary air blast drilling and reverse circulation drilling to investigate 

several exploration targets detected by the reconnaissance program. The work 

completed on the Taranga and Nongo-Fayere permits was described in the 

technical report prepared by SRK in April 2004. 





Other than the exploration work cited above there are very few records of 

previous exploration in the Taparko area. 

Challenger Minerals <strong>Ltd</strong>., through Incanore held an exploration permit 

covering an area of approximately 469 square kilometres immediately east of 

the Taparko permit. This area covers most of the surface area of the current 

Dassamtanga and Wole permits. A field program was completed in July and 

August 1996 consisting of prospecting, geological mapping and regional soil 

geochemistry on a 400-metre grid. A total of 3,780 soil samples was 

apparently collected but only 1,700 samples were assayed. Follow-up work 

was completed on nine targets. The work included 196 metres of trenching 

(eight trenches) in three distinct areas. 

A portion of the Nongo-Fayere permit area was previously covered by a 500 

square kilometre exploration permit named Coalla, and registered to a local 

company named Breco. This permit was taken back by the Government in 

November 2000. <strong>Report</strong>ed field work consists of regional alluvial sampling 

and limited pit excavation on the High River Gold’s Taparko Concession. 

Regional alluvial sampling suggests a possible source of anomalous gold in the 

Soula area. Similarly, the Taranga permit area was previously partially covered 

by a 500 square kilometre exploration permit named Monlouri, granted in 

1996 to a local company named International Exploration and Mining 

Technology Service. This permit was abandoned in August 2000. The only 

work record available outlines the current Monlouri gold workings covering an 

area of approximately one square kilometre. 

Between 1997 and 2000, High River Gold carried out reconnaissance 

exploration work on the Birgui-Nabingou permit. In 1997, the permit area was 

mapped and prospected (518 rock samples) and a regional soil sampling 

program (4,559 samples) was performed on a 400-metre grid. Eight gold-insoil 

anomalous areas were selected for follow-up soil sampling (100 to 50 

metres centres) in 1997 and 1998 (6,374 samples). The gold-in-soil anomalies 

were confirmed along the southern portion of the permit. Further geochemical 

sampling on fifty to twenty-five metres centres were completed in 1999-2000 

and ten trenches were excavated in order to trace the anomalous response to 

bedrock. None of the trenches were successful in outlining gold mineralization 

of interest although significant alteration zones were exposed in the saprolite 

which could be related to nearby gold mineralization. In 2002, at the 

conclusion of this work, High River Gold recommended a drilling program to 

investigate the depth extension of the surface gold-in-soil anomalies. The work 

program was not implemented. 

As far as it could be determined there are no records of historical work 

performed on the Nomikdou, Tougouri, Karga, Doumissi and Bougou 

exploration permits. 





5.3 Geology of the Taparko Group Area 

The geology of the Taparko Group exploration permits is characterized by 

arcuate Birimian volcano-sedimentary units dissected by a series of felsic 

intrusions. The volcano-sedimentary units are ascribed to the Bouroum-Yalogo 

greenstone belt. Structural patterns in the area depict a large open Y-shape 

resulting from the interference of north-northwest- and north-northeast- 

trending faults and shear zones (Figure 9). The Birimian volcano-sedimentary 

rocks consist of amphibolitic schists, mafic lavas, felsic pyroclastic rocks, 

argillaceous sedimentary rocks and rare quartzite, all of which have been 

intruded by large felsic intrusions and dolerite dikes (Figure 9). 

The most distinctive structural feature of this area is the northeast-trending 

Tiébélé-Dori-Markoye fault system that transects the central portion of the 

region. This major sinnistral fault zone represents a significant discontinuity in 

the Birimian rocks subdividing regions of contrasting structural styles (Figure 

7). 

At Taparko gold is mainly associated with the Taparko shear zone, a 

northwest-trending shear zone interpreted as a secondary structure to the 

Markoye Fault. At Bouroum, gold is predominantly associated with a 

deformation corridor trending north-northwest and bounded by the Bouroum 

East and West Faults. 

The geology of the Taparko area is poorly constrained owing to scarce outcrop 

exposures and limited exploration work. Interpretation of regional geological 

and airborne geophysical data (Figure 10) suggests that the permits are 

underlain by geology considered similar to that found at Taparko and 

Bouroum. 

The Birgui-Nabingo and the northern portion of the Bougou permits are mostly 

underlain by east-trending mafic volcanic rocks and associated mafic intrusive 

rocks (Figure 9). 

. 

The Wolé, Tougouri, Doumisi permits and southern portion of the Bougou 

permit are mostly underlain by mafic volcanic rocks cut by large granitic 

intrusions. This area is situated along the southeast strike extension of the 

Bouroum auriferous structures (Figure 9). 

The Ninnougou, Dyakolra, Nomigdou and Taranga permits are located south 

of the Taparko gold deposits and are underlain by a mixture of volcanic, 

sedimentary and granitic rocks. This area is directly located within the 

environment of the Markoye fault and associated subsidiary structures (Figure 

9). 





5.4 Deposit Types and Mineralization 

The subject exploration permits were acquired for their potential to host shear 

zone-hosted quartz-vein gold deposits, similar to those found on adjoining 

Taparko and Bouroum properties, and elsewhere in the late Proterozoic 

Birimian terranes of West Africa. These deposits are typically late orogenic 

deposits and exhibit a strong relationship to regional arrays of major shear 

zones. The gold mineralization is typically associated with organized networks 

of quartz veins containing subordinate amounts of carbonate, tourmaline, 

sulphides and native gold. In these deposits, the gold is typically free milling. 

Alternatively, the gold mineralization can be also associated with disseminated 

sulphides in strongly deformed alteration zones. In the latter case, gold may be 

free milling but also refractory. 

The observation of gold mineralization associated with quartz veining at 

several distinct sites, and the occurrence of numerous inactive and active 

artisan workings on several of the permits attest to the existence of gold 

mineralization in the area. Further exploration work is warranted to determine 

the significance of these occurrences. 

In Burkina Faso, the weathering profile is deep and typically results in 

extensive surface oxidisation of bedrock to a depth of up to hundred metres. In 

such areas, gold deposits typically comprise a surface oxide zone and a deeper 

sulphide zone. 





Figure 9. Simplified Geology of the Taparko Area and location of 

the Taparko Group Exploration permits (modified from 

Castaing et al., 2003). 





Figure 10. Airborne Total Field Magnetic Image of the Taparko 

Group Exploration Permits Area (Burkina Faso Government 

regional gridded data). 





5.5 Exploration 

The exploration strategy deployed by High River Gold in Burkina Faso 

follows a predetermined protocol proven effective for gold exploration in this 

region. Preliminary targets are selected from interpretation of available 

geological and geophysical data. Each exploration permit is then subject to 

reconnaissance prospecting, geological mapping and regional soil sampling on 

a 400-metre grid pattern. Alternating sampling traverses are offset by 200 

metres. Follow-up work includes additional prospecting and detailed soil 

sampling on 100-metre grid, ground geophysics, trenching and rotary air-blast 

drilling. Occasionally, more detailed soil sampling is also conducted on twenty 

by fifty metre grids. The most promising targets are tested by reverse 

circulation drilling and subsequently by core drilling if warranted. 

5.5.1 Exploration Work on the Birgui-Nabingou Permit 

Between 1997 and 1999, Surface exploration conducted by High River Gold 

on the Birgui-Nabingou permit resulted in the discovery of several gold 

occurrences and significant gold-in-soil anomalies. 

During 1997, soil samplings (2,258 samples) on 100 metre centres over the 

entire project area defined eight gold-in-soils exploration targets (Alga, Pelsé 

Nord, Bouloumana, Ouro Adja, Boulmanga-Nord, Yalogo-Nord, Ouro Sambo 

and Kouhini) on this poorly outcropping permit. Follow-up work during 1997 

was completed at three targets: Alga, Pelsé and Ouro Sambo. Limited 

trenching failed to trace surface gold mineralization located within broad goldin-soil 

anomalies. 

In early 2004, a ground geophysical survey (VLF-EM) was completed over 

portions of the main gold-in-soil anomalies along the southwest corner of the 

permit. This area is characterized by a thick alluvial cover on top of a three to 

six metre thick laterite. Five of the seven surveyed lines yielded interesting 

conductors that were subsequently investigated by four fences of angled rotary 

air blast boreholes (99 holes totalling 3,386 metres). On all four fences, the 

boreholes intersected deformed rocks and quartz veining. Only two assay 

samples out of the 1,692 samples assayed for gold returned values of above 0.5 

gpt gold (Table 2). There is insufficient information available to determine if 

the reported intercepts represent true widths. 

Table 2. Salient Assay Results Obtained from Rotary Air Blast 

Drilling on the Birgui-Nabingou Permit in 2004. 

Hole_ID 

From To Length 

Gold 

Sample_ID 

(metre) (metre) (metre) (gpt) 

BNB 012 8 10 2 257224 1.25 

BNB 094D 8 10 2 258915 0.50 





5.5.2 Exploration Work on the Bougou Permit 

This permit located along the western boundary of the Taparko Mining 

Concession received essentially no exploration work until it was transferred to 

Jilbey in 2004 as part of the strategic alliance with High River Gold. 

In February 2004, a ground geophysical survey (VLF-EM) was completed on 

the northern part of the permit in preparation for a rotary air blast program 

designed to chase the north-western strike extension of the main Taparko 

auriferous structure. 

In March 2004, seven fences of angled rotary air blast boreholes were 

completed (161 holes totalling 5,660 metres) to investigate this area, which is 

covered by one to four metres of alluvial soils and up to thirteen metres of 

laterite cover. All fences intersected strongly deformed mafic rocks below 

cover with minor quartz veining. In three of the fences, significant quartz 

veining was intersected in laterite. Only four 2-metre assay samples returned 

more than 0.5 gpt gold out of a total of 2,832 samples assayed for gold. The 

salient assay results are presented in Table 3. There is insufficient information 

available to determine if the reported intercepts represent true widths. 

Table 3. Salient Assay Results Obtained from Rotary Air Blast 

Drilling on the Bougou Permit in 2004. 

Hole_ID 



Sample_ID 


BGB 036 6 8 2 266212 5.26 

BGB 045 30 32 2 266406 0.58 

BGB 081 6 8 2 267206 1.62 

BGB 127A 10 12 2 267650 0.69 

In September 2004, the surface area of the permit was reduced to 

approximately seventy-two square kilometres. The area abandoned at the 

renewal was integrated in the new Doumissi permit. 

5.5.3 Exploration Work on the Doumissi Permit 

This exploration permit replaced parts of the former Bougou permit owned by 

High River Gold. As the surface of this permit is overlain by thick sand 

deposits, no regional soil sampling was conducted on the Doumissi permit. 

This permit protects the eastern strike extension of area A1 on the Tougouri 

permit. No exploration work was undertaken by High River Gold. 

5.5.4 Exploration Work on the Nomikdou Permit 

The entire surface area of the Nomikdou permit was mapped and prospected 

during 2004. Soils samples (1,337 samples) were collected on regular 400 





metre spacings, and helped delineate a north-northeast trending gold-in-soil 

anomaly spanning across the western half of the permit. 

As follow-up in 2005, a seventeen-square-kilometre grid was laid out over the 

northern half of the gold-in-soil anomaly, and an additional 1,626 soil samples 

were collected on 100 metre centres. A further 150 rock samples were 

collected during subsequent detailed geological mapping and prospecting. 

Two trenches (100 linear metres) attempted to trace the gold-in-soil 

geochemical anomaly to bedrock in areas where surface rock sampling yielded 

weak gold mineralization. Only three 1-metre samples assayed more than 0.5 

gpt gold as indicated in Table 4. There is insufficient information available to 

determine if the reported intercepts represent true widths. 

Table 4. Salient Assay Results Obtained by 

Trenching on the Nomikdou Permit in 2005. 

TR_ID From To Length 


Sample_ID 


TR-2 18.6 19.6 1.0 79175 1.97 

TR-2 23.0 24.0 1.0 79179 0.84 

TR-2 29.5 30.9 1.4 79189 1.70 

The Nomikdou permit straddles the interpreted trace of the Markoye fault. The 

north-northeast trending gold in-soil anomalous axis is sub-parallel to the 

Markoye fault and occurs near a major lithological contact between Birimian 

volcano-sedimentary units and granitic rocks. 

In preparation for the reduction of the surface area of the Nomikdou permit, 

additional soil samples were collected during October 2005 on 100 metre 

centres over a small grid 0.16 square kilometres in size. The surface area of the 

Nomikdou permit was reduced by approximately forty percent at its renewal 

anniversary. 

5.5.5 Exploration Work on the Taranga Permit 

The Taranga permit was one of the main targets explored by Jilbey in the 

Taparko area during 2003 and 2004. 

In 2003, reconnaissance prospecting initially focussed on an eight-kilometre 

trend defined by two artisan mining operations (Foulbongo and Monlouri) 

located along the east strike extension of a gold-in-soil anomaly detected on 

the adjacent former Taparko permit. Several new gold occurences were 

identified by prospecting at Thion-East, Daogo and Taranga (Figure 11). 

A grid system was established along the Foulbongo-Monlouri trend (38.5 

square kilometres) and 4,098 soil samples were collected on 100 metre centres. 

Three strong linear gold-in-soil anomalous trends were delineated, two of 

which are sub-parallel airborne magnetic axes (Figure 11). In addition 1110 

regional soil samples were collected on 400 metre centres over the rest of the 





Birimian rocks. No regional soil samples were collected in the southeast 

quadrant of the project. 

Trenches were excavated around the Foulbongo artisan workings and the 

Taranga and Thion gold occurrences and positioned to cut the strike direction 

of the surface occurrences at a right angle. At Thion, four trenches (95.1 linear 

metres) exposed the saprolite source that returned the high grade gold from the 

surface grab sampling. Auriferous quartz veining along a deformed lithological 

contact was exposed. In trench TR1825E a quartz-tourmaline vein returned 

16.24 gpt gold over 2.6 metres. Another quartz-tourmaline vein returned 104.9 

gpt gold over a 0.7 metre interval in trench TR-2237E. Complete results were 

discussed in the technical report prepared by SRK in 2003 (Couture and 

Michaud, 2003). 

Around the Taranga showing (Figure 11), two trenches (32.5 linear metres) 

were excavated to test gold occurrences that returned 19.99 gpt gold and 2.45 

gpt gold from surface grab samples. Assay results returned only weakly 

anomalous gold. 

During the third quarter of 2003, 268 line kilometres of ground geophysics 

(magnetic and gradient and pole-dipole induced polarisation) were completed 

on the Monlouri grid. 

In 2003 and early 2004, Jilbey drilled approximately 15,000 metres (493 holes) 

of rotary air blast drilling and 422 metres of reverse circulation drilling 

(6 holes). The drilling was completed by St Lambert Drilling with one multipurpose 

drilling rig. 

Seventeen profiles of inclined rotary blast boreholes (493 holes totalling 

15,103 metres) tested various geological, geophysical and geochemical targets. 

Each profile consists of a series of forty-five degree inclined holes averaging 

thirty metres in length and spaced twenty metres apart along each profile. The 

objective of this drilling was to trace the surface gold mineralization at depth 

in the saprolitic cover across profiles positioned normal to the interpreted 

strike of the gold-in-soil anomaly or surface occurrence. 

The best assay results are presented in Table 7. The position of each traverse is 

indicated on Figure 12. There is insufficient information available to determine 

if the reported intercepts represent true widths. 





Figure 11. Compilation of exploration work completed on the 

Taranga Exploration Permit. 





Figure 12. Compilation of exploration work performed on the Monlouri 

Grid (Taranga Permit). 





Table 5. Salient Assay Results from Rotary Air Blast Drilling on the Taranga 

Permit in 2003 and 2004. 

Hole_ID 



Sample_ID 


Hole_ID 



Sample_ID 


AMB-027 4 6 2 237921 0.7 AMB-203 20 22 2 241182 0.53 

AMB-029bis 12 14 2 237994 0.66 AMB-210 14 16 2 241304 0.55 

AMB-030 12 14 2 238017 0.69 AMB-211 6 8 2 241317 0.95 

AMB-031 8 10 2 238038 0.55 AMB-224 22 24 2 241579 0.66 

AMB-032 0 2 2 238057 7.76 AMB-225 18 20 2 241595 0.72 

AMB-032 2 4 2 238058 0.62 AMB-247 16 18 2 241989 0.86 

AMB-032 12 14 2 238063 1.78 AMB-247 18 20 2 241990 0.67 

AMB-032 24 26 2 238070 0.58 AMB-253 12 14 2 242095 1.1 

AMB-036 0 2 2 238149 0.61 AMB-257 6 8 2 242164 0.85 

AMB-040 20 22 2 238201 0.63 AMB-267 0 2 2 242340 0.65 

AMB-064 22 24 2 238641 1.44 AMB-309 14 16 2 243104 0.92 

AMB-078 0 2 2 238867 0.98 AMB-320 4 6 2 243296 23.3 

AMB-082 20 22 2 238951 0.64 AMB-320 12 14 2 243301 0.56 

AMB-087 8 10 2 239039 1.71 AMB-321 24 26 2 243325 1.9 

AMB-087 12 14 2 239041 0.67 AMB-322 14 16 2 243338 2.65 

AMB-087bis 0 2 2 239048 1.01 AMB-322 28 30 2 243347 0.54 

AMB-087bis 2 4 2 239049 1.42 AMB-326 16 18 2 243410 0.55 

AMB-088 14 16 2 239066 0.58 AMB-346 26 28 2 243778 1.21 

AMB-094 28 30 2 239183 4.02 AMB-348 20 22 2 243810 1.69 

AMB-137 20 22 2 239963 0.58 AMB-351 26 28 2 243868 1.29 

AMB-197 10 12 2 241066 0.92 AMB-351 28 30 2 243870 0.98 

AMB-197 12 14 2 241067 2.21 AMB-359 12 14 2 244003 0.59 

AMB-197 14 16 2 241069 0.76 AMB-362 24 26 2 244066 0.66 

AMB-197 16 18 2 241070 1.65 AMB-371 20 22 2 244222 0.58 

AMB-197 24 26 2 241074 0.93 AMB-371 22 24 2 244223 1.1 

AMB-197 26 28 2 241075 0.93 AMB-372 8 10 2 244232 0.55 

AMB-197 28 30 2 241076 0.6 AMB-372 10 12 2 244233 2.15 

AMB-197 30 32 2 241077 1.16 AMB-373 14 16 2 244254 0.69 

AMB-201 16 18 2 241142 0.61 AMB-410 24 26 2 246485 0.84 

At Foulbongo, five profiles were drilled along the inferred gold structure, 

outlined by gold-in-soil anomalies over a strike length of 2.5 kilometres. Two 

additional profiles targeted geophysical anomalies located along the southeast 

margin of this gold trend. 

The profile drilled along section line 185E was designed to crosscut the entire 

Foulbongo structure near the western limit of the Taranga permit. A fence of 

twenty-eight holes (851 metres; AMB122-148b) was drilled over a horizontal 

distance of approximately 530 metres. The profile is located a few metres east 

of two trenches that were excavated earlier. These holes intersected mafic 

volcanic rock, two mafic dikes and a granitic intrusion. The Foulbongo 

structure corresponds to a zone of highly deformed mafic volcanic rock with 

minor quartz veins. The northwest portion of the profile is also characterized 

by silica-altered “cherty” rock with abundant disseminated pyrite. Assayed 

samples yielded low gold grades. 

A 640-metre long profile was drilled along section line 1000E to test a surface 

quartz-tourmaline vein that yielded 8.6 gpt gold on a grab sample (Figure 12). 

This 34-hole section (AMB-180-212b) intersected mafic volcanic rock cut by 

gabbroic and felsic dikes. An 80-metre thick section of strongly deformed 

mafic volcanic rock yielded anomalous gold including 1.46 gpt gold over an 

eight-meter hole length around the quartz-tourmaline vein, and 0.5 gpt gold 

over six meters in chert horizon intersected in holes AMB-197 and AMB-201, 

respectively (Table 5). 





A short profile was drilled on section line 1610E to follow-up on a single 

sample gold-in-sol anomaly (5,953 ppb gold). Seventeen holes (AMB-213- 

219) were drilled along a 330-metre profile centered over the anomaly. The 

boreholes intersected a granitic rock core flanked by mafic volcanic rock with 

narrow silica- and pyrite-altered schist zones. Two samples yielded weak gold 

mineralization: 1.71 gpt gold over two metres in hole AMB-226 and 0.72 gpt 

gold over two metres in hole AMB-225 (Table 5). 

Thirty-three holes (AMB-230-262) were drilled to complete a 675-metre 

profile on section line 2260E. The boreholes intersected interlayered mafic 

volcanic and granitic rocks. Several aplitic dikes were also intersected near the 

northwest end of the profile. Assay results yielded several narrow weak gold 

intercepts ranging from between 0.50 to 1.25 gpt gold over intervals of two 

metres (Table 5). 

A 500-metre long profile consisting of twenty-seven holes (AMB-263-289) 

was drilled on section line 2700E. This profile was positioned to test an 

auriferous quartz vein and a gold-in-soil anomaly (1,978 ppb gold inside a 

wide envelope averaging above 345 ppb gold). The quartz veins occur in felsic 

intrusive rock. Gabbroic rocks and mafic volcanic rock were intersected near 

the southeast and northwest limit of the profile, respectively. Assay results 

only returned one weak gold anomaly: 0.62 gpt gold over two metres in hole 

AMB-267 (Table 5). 

Two profiles on section lines 400E and 585E tested an electromagnetic 

anomaly. Fourteen holes (AMB-149-162) were drilled on section line 400E 

and another seventeen holes (AMB-163-179) were drilled on section line 

585E. While the profile on section line 400E encountered mostly mafic 

volcanic rocks with graphitic zones, granitic rocks were intersected in the 

southern portion of the profile on section line 585E. The geophysical anomaly 

was explained by graphitic zones associated with deformed mafic volcanic 

rocks. No significant assay results were obtained from these two profiles. 

Three profiles were drilled in the Monlouri artisan workings area on section 

lines 5250E, 6040E and 6430E (Figure 12). The sections were positioned to 

crosscut a broad 30-ppb gold-in-soil anomaly associated with the Monlouri 

workings. In addition, a geophysical anomaly was also targeted by section 

5240E. 

A fence of thirty-eight holes (AMB-290-327) was drilled to obtain a 710-meter 

profile across the southwest portion of the Monlouri workings. The main 

workings axis corresponds to graphitic schists containing minor quartz veinlets 

intersected in holes AMB-314 and AMB-315. The rest of the profile is in 

mafic volcanic rocks injected by gabbroic and granitic intrusions. This profile 

produced the best assay results (Table 5) including: 16.92 gpt gold over two 

metres in hole AMB-320; 2.3 gpt gold over two metres in hole AMB-322; 0.89 

gpt gold over two metres in hole AMB-309 and 0.77 gpt gold over two metres 

in hole AMB-315. 

Thirty-six holes (AMB-328-362) were drilled on section line 6040E to transect 

the gold-in-soil anomaly corresponding to the Monlouri workings. Mafic 





volcanic rocks cut by several granitic and gabbroic rocks were intersected 

across this 660-metre long profile. The profile yielded weakly anomalous gold, 

mostly below 0.50 gpt gold except for four 2-meter and one 4-meter sections 

which averaged between 1.10 and 1.30 gpt gold (Table 5). 

The third profile at Monlouri was drilled on section line 6430E in order to 

crosscut the main axis of the Monlouri artisan workings. A total of twenty-one 

holes was drilled to complete this 400-metre profile across the deformed 

contact zone of a granitic intrusion. The main workings axis intersected by 

hole AMD-368 appears entirely hosted in granitic rocks. Two short two-meter 

intervals yielded 1.06 and 1.91 gpt gold in holes AMB371 and AMB-372, 

respectively (Table 5). At the time this report was prepared, assay results for 

holes AMB-379 to AMB-383 were not received. 

In the Thion area, five rotary air blast profiles were drilled as a follow-up to 

the encouraging surface sampling and trenching results. 

Twenty-one holes (AMB-001-021) were drilled on section line 1400E over a 

high gold-in-soil anomaly (4806 ppb gold). Alternating mafic volcanic and 

granitic rocks were intersected. Assays retuned no significant results. 

A 17-hole (AMB-022-036) profile was drilled on the Thion East showing 

(section line 2230E) where a trench exposed west-trending quartz veins that 

yielded 104.9 gpt gold over a 0.7 metre interval (Figure 12). The profile 

intersected mostly granitic rocks with quartz veining predominantly developed 

in Holes AMB-027 to AMB032. The main quartz vein exposed in the trench 

was intersected in hole AMB-029b, a scissor hole drilled grid south. A twometer 

section of the narrow vein yielded 0.67 gpt gold (Table 5). 

On the main Thion showing, a 410-metre long rotary air blast borehole 

(24 holes; AMB-078-099) profile was drilled over a trench where a 1.4 metrethick 

quartz-tourmaline vein yielded 16.24 gpt gold over a 2.6 metre length. As 

observed in the trench, the profile intersected the contact zone between a mafic 

rock and granitic intrusion located to the north of the profile. In the trench, the 

main vein is developed at the contact. In the profile, no veins were intersected 

within the contact zone. Two additional scissor holes drilled grid south suggest 

the contact zone is weakly auriferous, albeit without significant veining. 

Several 2-meter assay samples are weakly auriferous (Table 5) including: 0.98 

gpt gold in hole AMB-078; 1.42 gpt gold in hole AMB-087 and 1.23 gpt gold 

over four metres in hole AMB-087b. 

A second profile was positioned approximately 235 metres to the southwest 

along section line 1600E. This profile was designed to intersect a small artisan 

working where a quartz vein yielded a grab sample grading 3.6 gpt gold. In 

addition, the profile was extended over a 730-metre length (39 holes; AMB- 

039-077) in order to test gold-in-soils and two ground geophysical anomalies 

in the vicinity of the contact zone between the granitic and mafic volcanic 

rocks. One geophysical anomaly corresponds to the contact zone as intersected 

in holes AMB-059-061. This zone is characterized by silica- and white-micaaltered 

schists containing disseminated pyrite. The surface auriferous quartz 

vein was intersected in holes AMB-053, but it is apparently barren. A few 





samples returned anomalous gold, but nothing exceeding 0.50 gpt gold over 

two metres. 

Finally a 410-metre profile was drilled (22 holes; AMB-100-121) on section 

line 2500E to test a weak gold-in-soil anomaly overlapping limited artisan 

workings on a quartz vein which yielded 5.18 and 1.19 gpt gold from grab 

samples (Table 5). The profile intersected the contact between mafic and felsic 

intrusive rocks. Apparently, the surface quartz vein was intersected in hole 

AMB-113, but it is barren. 

During the first quarter of 2004, two additional fences of rotary air blast 

boreholes were drilled on section lines 3450E and 6300E. A 400-metre profile 

was drilled (23 holes; AMB-446-467B) on section line 3450E to investigate a 

250-metre wide resistive anomaly extending over 700 metres among a 

northeast direction and located at the contact between mafic volcanic rock and 

a northwest-trending mafic dike. The boreholes intersected graphitic 

sedimentary rocks interbedded with mafic volcanic horizons. A diorite dike 

intrudes the mafic volcanic rocks. Assay samples yielded discouraging results. 

A 350-metre profile was drilled (20 holes; AMB- 468-486) on section line 

6300E to investigate a 150-metre wide northeast-trending resistivity anomaly 

extending over 800 metres. This resistivity high was interpreted as a dextral 

fault located on an intermitted stream. The boreholes intersected graphitic and 

silicified rocks and mafic volcanic and intrusive rocks crosscut by minor 

quartz veining. Assay samples returned no significant gold mineralization. 

In late December 2003, three reverse circulation boreholes (AMR-001-003) 

were drilled to test the depth extension of the main Monlouri structure (Figure 

12). Both holes AMR-001 and AMR-002 were drilled grid north to test 

underneath the main workings area at 100 metres spacing. Hole AMR-003 was 

drilled on section line 5200E, approximately fifty metres southwest of the 

rotary air blast profile drilled on section line 5250E. 

In February 2004, three reverse circulation boreholes (AMR-004-006) 

investigated a weak gold zone (1.46 gpt gold over eight metres) detected by 

rotary air blast drilling on section line 1000E, east of the Foulbongo gold 

workings area. AMRC-04 was positioned on section line 1000E targeting the 

gold zone at a vertical depth of twenty-five metres. This hole intersected two 

gold zones grading 1.6 and 0.6 gpt gold over four and five metres, respectively 

(Table 6). Borehole AMRC-005, positioned 100 metres to the east failed to 

intersect any gold mineralization. Borehole AMRC-006, collared 100 metres 

west of the AMRC-004 yielded only one weak gold assay (0.5 gpt gold over 

one metre; Table 6). 

Best assay results are presented in Table 6. Except for one narrow vein 

intersected in borehole AMR-01 underneath the Monlouri workings, reverse 

circulation drilling failed to intersect the main vein system of the artisan 

workings. The fact that the site is still active suggests that either the geometry 

of the auriferous veins maybe complicated or that the veins are discontinuous. 

There are several outcrops in the area surrounding the Monlouri site. These 

outcrops should be mapped in detail to collect relevant structural data in order 





to unravel the geometrical relationships at Moulouri. This information would 

prove helpful in targeting any additional work in the area. 

Table 6. Salient Assay Results Obtained from Reverse Circulation 

Drilling on the Taranga Permit in 2003 and 2004. 



Hole_ID 

Sample_ID 


AMR-001 61.0 62.0 1.0 244567 14.33 

AMR-001 62.0 63.0 1.0 244568 2.61 

AMR-001 63.0 64.0 1.0 244569 0.56 

AMR-003 23.0 24.0 1.0 244702 0.56 

AMR-003 50.0 51.0 1.0 244731 0.52 

AMR-004 26.0 27.0 1.0 245830 0.71 

AMR-004 27.0 28.0 1.0 245831 1.91 

AMR-004 28.0 29.0 1.0 245832 1.73 

AMR-004 29.0 30.0 1.0 245835 2.42 

AMR-004 33.0 34.0 1.0 245839 0.51 

AMR-004 36.0 37.0 1.0 245842 0.54 

AMR-004 37.0 38.0 1.0 245843 1.72 

AMR-006 12.0 13.0 1.0 245950 0.47 

5.5.6 Exploration work on the Tougouri Permit 

On the Tougouri permit, regional soil samples were collected in 2004 at 

regular 400 metre intervals. A total of 1,474 samples was collected and 

assayed for gold. Four distinct anomalous trends were identified (A1 to A4). 

Three (A1, A2, A4) are located in the northeast quadrant of the permit while 

the fourth (A3) is located along the western boundary. The entire surface of the 

permit was also prospected, and 316 rock samples were collected. Weak gold 

mineralization associated with quartz veining was identified in the eastern 

portion of area A1. One quartz vein sample yielded 6.5 gpt gold. 

To follow-up on the reconnaissance results, four grids (30 square kilometres) 

were laid out in early 2005 over Area A1 to A4 and soils were sampled on 

100 metres centres (1,925 samples). A further 153 rock samples were collected 

during mapping and detailed prospecting. Two trenches (65 linear metres) 

were excavated in February 2005 in an attempt to trace the gold-in-soil 

anomaly A1 to bedrock. Three of the sixty-five samples collected in the two 

trenches yielded assay results greater than 0.5 gpt gold (Table 7). The gold 

mineralization is directly associated with quartz veining. 

Table 7. Salient Assay Results Obtained by Trenching at Area A1 

on the Tougouri Permit in 2005. 

TR_ID 



Sample_ID 


TR-1310E 7.8 8.0 0.2 79348 5.45 

TR-1310E 26.1 27.1 1.0 79371 1.14 

TR-1310E 28.1 29.3 1.2 79374 1.89 





Assaying results over the three other grids (A2, A3 and A40 were 

discouraging. No gold occurrences could be located by prospecting. 

In the fourth quarter of 2005, additional soil samples were collected over a 

small area (0.16 square kilometres) to confirm the gold-in-soil anomaly in 

preparation for reducing the surface area of the Tougouri permit by 

approximately fifty percent at its renewal date. Results are pending. 

5.5.7 Exploration Work on the Dyakolra and Ninnougou Permits 

High River Gold completed reconnaissance exploration work on the Dyakolra 

and Ninnougou permits (formerly parts of the Taparko exploration license) 

during 1996, 2002 and 2004. In 1996, 7,524 soil samples were collected on a 

regular 400 by 400 metre grid over the entire project area. Based on the results 

of this program, two targets (Area #7 and Area #8) were selected for follow-up 

work. In 2002, a grid was established on Area #7 (9.2 square kilometres) and 

5,801 soil samples were collected at both a 100 by 100 metre and at twenty by 

fifty metre spacing. The grid area was covered by a VLF-EM survey mapped 

in detail, and 553 rock samples were collected. In early 2003, fifteen trenches 

(981 linear metres) were excavated to investigate two linear gold-in-soil 

anomalies on variably spaced sections over a strike length of approximately 

5.5 kilometres and straddling the contact between granitic and Birimian 

volcano-sedimentary rocks. 

In 2004, the twelve kilometre long gold-in-soil anomaly at Area #8 was 

investigated by detailed soil sampling on a 100 metre grid (3,794 samples), 

geological mapping and prospecting. Five trenches (150 linear metres) were 

excavated to trace the anomalous gold-in-soil to bedrock. Four trenches tested 

the main linear gold-in-soil anomaly, while the fifth trench tested a separate 

anomaly located near the south boundary of the permit. Only three assay 

samples returned more than 0.5 gpt gold on assaying (Table 8). 

Table 8. Salient Assay Results Obtained by 

Trenching at Area #8 in 2004. 

TR_ID From To Length 


Sample_ID 


5800S 4 5.2 1.2 270075 4.16 

1053N 6.6 7.6 1.0 270007 0.86 

1053N 9.85 10.15 0.3 270010 10.14 

Two reverse circulation boreholes (158 metres) were drilled to investigate the 

lateral and depth extensions of the best result in trench TR-5800S. Out of a 

total of 175 samples collected, the best assay result obtained from this drilling 

was 1.53 gpt gold over a one metre interval in hole TZ8RC-01 (38 to 

39 metres). 

One hundred and seventy-six angled rotary air blast boreholes (5,581 metres) 

were drilled on seventeen east-west fences across the main gold-in-soils 

anomaly over a strike length of approximately three kilometres. The boreholes 

intersected weak gold mineralization across narrow widths. The best assay 





results are reported in Table 9. There is insufficient information available to 

determine if the reported intercepts represent true widths. 

Table 9. Salient Assay Results Obtained from the Rotary Air Blast 

Drilling at Area #8 in 2004. 

Hole_ID From To Length 


Sample_ID 




Hole_ID Sample_ID 


TZ8B-006 18 20 2 292098 1.16 TZ8B-057 28 30 2 293056 0.82 

TZ8B-008 26 28 2 292138 0.68 TZ8B-057 30 32 2 293057 0.72 

TZ8B-008 28 30 2 292139 1.05 TZ8B-069 28 30 2 293261 0.52 

TZ8B-008 30 32 2 292140 1.51 TZ8B-071 10 12 2 293284 0.59 

TZ8B-008 32 33 1 292141 0.68 TZ8B-072 22 24 2 293309 0.75 

TZ8B-009 10 12 2 292148 0.99 TZ8B-072 24 26 2 293310 0.68 

TZ8B-013 0 2 2 292212 1.10 TZ8B-072 28 30 2 293312 0.57 

TZ8B-015 22 24 2 292257 0.62 TZ8B-080 12 14 2 293435 0.72 

TZ8B-015 24 26 2 292258 0.76 TZ8B-088 0 2 2 293579 0.67 

TZ8B-016 18 20 2 292271 0.53 TZ8B-088 2 4 2 293580 1 

TZ8B-017 18 20 2 292288 0.89 TZ8B-107 12 14 2 293906 0.54 

TZ8B-017 20 22 2 292289 0.64 TZ8B-116 38 40 2 294102 0.51 

TZ8B-019 10 12 2 292317 0.53 TZ8B-117 4 6 2 294105 0.64 

TZ8B-028 30 32 2 292478 0.54 TZ8B-117 6 8 2 294106 1.03 

TZ8B-042 26 28 2 292722 0.73 TZ8B-135 12 14 2 294413 0.51 

TZ8B-045 28 30 2 292772 0.72 TZ8B-135 14 16 2 294415 0.74 

TZ8B-046 10 12 2 292779 0.97 TZ8B-135 16 18 2 294416 0.6 

TZ8B-046 26 28 2 292787 0.71 TZ8B-145 8 10 2 294580 0.8 

TZ8B-055 22 24 2 293018 0.83 

5.5.8 Exploration Work on the Wole Permit 

Reconnaissance soil samples (1,581 samples) were collected on regular 400 

metre centers over the entire surface area of the Wole permit during 2004. The 

entire permit was also mapped and prospected. One hundred and ninety-seven 

rock samples were colleted. 

Assay results from the soil sampling returned several isolated gold-in-soils 

anomalies (maximum value of 59 ppb gold). One such anomaly came in the 

form of a quartz vein from an old BUMIGEB trench, which yielded 2.97 gpt 

gold on assaying. During October 2005, additional soils samples were 

collected on 100 metres centre over a small area (0.16 square kilometres) to 

confirm the anomalous gold in soils in preparation for the reduction of the 

surface area of the Wole permit at its renewal date. The size of the Wole 

permit was reduced by approximately seventy percent. 

5.5.9 Exploration Work on the Karga Permit 

The Karga permit is located to the northeast of the Taparko Group permits. 

This stand along permit was acquired to investigate the northeast extension of 

the Markoye fault northeast of the Guiro gold occurrence. 

During 2004, reconnaissance soil samples (1,623 samples) were collected on 

400 metre centres over the entire permit area. The entire permit was also 

mapped and prospected. Six hundred and eighty rock samples were assayed for 

gold during that program. Soils are slightly anomalous in gold in the centralwestern 

portion of the permit defining a short northeast-trending anomaly 





possibly coinciding with the interpreted trace of the Markoye fault. Other 

isolated gold-in-soil anomalies were also reported in the eastern half of the 

permit including two samples that yielded more than 100 ppb gold. 

As a follow-up, two northeast trending grids (fifteen square kilometres) were 

established in 2005 over the main northeast-trending anomalous response. The 

grid was systematically prospected and mapped. Four hundred and thirty-four 

soil samples were collected on 100 metre centres, and an additional 174 rock 

samples were collected during prospecting. 

The northern grid returned disappointing soil sampling results and only one 

weak gold occurrence associated with quartz veining (0.3, 1.1 and 1.4 gpt gold 

in three separate samples). 

Detailed soil sampling over the southern grid also yielded discouraging results. 

The best soil sample assayed only 51 ppb gold. One quartz vein sampled 

during the 2004 and 2005 programs yielded 1.1 and 0.2 gpt gold, respectively. 

Two trenches (100 linear metres) exposed saprolitic bedrock at two locations, 

where surface rock samples yielded weak gold mineralization. Both trenches 

failed to duplicate the weak surface sampling results. 

Surface mapping data suggests that the Karga permit is underlain by Birimian 

alternating felsic and mafic volcanic rock, and that the regional foliation fabric 

is oriented east to southeast. Furthermore, the mapping program did not 

uncover any direct evidence supporting the existence of the Markoye fault in 

the western portion of the permit. Considering the bimodal volcanic setting of 

the permit, soil samples collected on the two grids were re-assayed for thirty 

five metals and trace elements. Assay results for copper, lead and zinc show 

weak to moderate anomalous trends associated with intercalated mafic and 

felsic rocks and lateritic caps. These results highlight the base metals 

exploration interest of the Karga permit. 

In preparation for the reduction of the surface area of the Karga permit, 

additional soil samples were collected during October 2005 on 100 metre 

centres over a small grid 0.16 square kilometres in size. The surface area of the 

Karga permit was reduced by approximately forty percent at its renewal 

anniversary. 





5.6 Sampling Method and Approach 

The sampling approach and methodology for soil, surface rock/chip and trench 

sampling was described in detail in the technical reports prepared by SRK in 

2003 and 2004. 

Regional soil samples are taken following a 400 or 200 metre grid spacing 

using a GPS instrument. Soil samples are collected by digging to a vertical 

depth of sixty to eighty centimetres and sampling approximately two 

kilograms of material. Samples are put in individual plastic bags with a sample 

tag number and sealed. The sample number is also written on the bag with a 

felt marker. Sampling tools are cleaned between samples. Sample number, 

location and sample description are recorded in a field book used for this 

purpose. 

During prospecting and mapping surface rock outcrops, sub-crops, floats 

showing alteration(s), boxwork or sulphide mineralization, or other favourable 

visible characteristics for gold mineralization are systematically sampled. The 

sampling method may be a simple grab of boulders or chip sampling across 

outcrops or sub-outcrops. A typical rock sample weighs approximately two 

kilograms. Each sample is located with a GPS instrument and described in a 

sample field book. The strategy of this reconnaissance prospecting sampling 

aims at detecting any gold mineralization in outcrop, float of sub-crop. 

Trenches are dug by hand and typically reach depths varying between two and 

five meters. Potentially auriferous zones are determined visually and sampled 

on one-metre intervals, or less depending on the geology. Chip channel 

samples are collected underneath the lateritic cap, when present, approximately 

fifteen centimetres above the toe of one of the trench wall. Sample size 

approximates HQ diameter core. A rock saw is used to collect samples in very 

hard material like quartz of chert. In such cases, samples are collected to 

approximate, as closely as possible, the true width of the vein, taking the vein 

dip into account. 

Rotary air blast and reverse circulation drilling samples are collected directly 

from the drill rig cyclone at one metre intervals in a white plastic knitted bag 

that is identified individually. Samples average approximately five kilograms 

in weight. Samples are prepared for assaying directly on site. Each sample is 

weighted and a one kilogram sample is split with a mechanical sample splitter. 

The sub-sample is marked and bagged on site. 

During sample preparation, a second split of the primary sample is also panned 

onsite for visible gold and sieved to extract fine and coarse fractions. 

Descriptive information on colour, alteration, oxidation state, lithology, 

structural features, etc, is recorded onsite. The sample rejects are replaced in 

the original bag, sealed and stored at the camp site. For assaying, two 

consecutive one-metre rotary air blast samples are manually mixed to yield a 

two kilogram composite assay sample. Ten two-kilogram samples are bagged 

together and sealed in shipping bags for submission to the Abilab Afrique de 





l’Ouest SARL (“Abilab”) laboratory in Bamako Mali for preparation and 

assaying. For reverse circulation samples one-metre assay samples are 

submitted to Abilab. 

5.7 Sample Preparation, Analyses and Security 

All assays for gold were conducted at the Abilab laboratory located in 

Bamako, Mali. This assaying facility is not certified and does not participate in 

round robin profiency testing 

All soil, rock and drilling samples were collected by High River Gold 

personnel. Samples are taken from the field to the camp where they are 

temporarily placed in double-sealed rice bags, and then stored and prepared for 

transportation to Ouagadougou by High River Gold personnel. In 

Ouagadougou, samples are transferred to Abilab staff for final delivery to 

Bamako, Mali. Sample bags remain closed until final delivery to the Abilab 

Laboratory. No sample preparation is conducted by an officer, director, or 

associate of the issuer. 

Upon reception by Abilab, samples are organized in numerical order and 

subdivided into batches of twenty samples. Four internal quality control 

samples are inserted by Abilab: a blank, two duplicates and one standard 

reference material sample. Rock samples are crushed (-10 mesh) with a jaw 

crusher. A 250 to 300-gram sub-sample is collected and pulverized (90 percent 

passing -150 mesh). 

Rock samples were assayed for gold by fire assay with an atomic absorption 

finish on a 50-gram sub-sample. Trench, rotary air blast and reverse circulation 

samples were also assayed for gold by fire assay with an atomic absorption 

finish on a 50-gram sub-sample. Soil samples were analysed for gold from 

fifty gram sub-samples by wet assay (MIBK extraction and atomic absorption 

finish). 

At the request of High River Gold, soil samples collected on Bairika grid of 

the Karga permit were submitted by Abilab to the Assayers Canada Laboratory 

located in Vancouver, Canada and re-assayed for a suite of thirty metals and 

trace elements by aqua regia digestion followed by inductively coupled 

plasma-atomic emission spectrometry (“ICP-AES”) finish on 0.5 gram subsamples. 

The Assayers Laboratory’s internal quality control measures include 

inserting three replicate, one blank and two standard reference samples in each 

batches of twenty-four samples assayed. 

During the initial stage of exploration on the Taranga permit no independent 

analytical quality assurance and quality control measures were implemented 

for regional soil (400 metres grid) and rock samples submitted for assaying. 

High River Gold and Jilbey relied on Abilab internal quality assurance and 

quality control procedures, which involve inserting two duplicate pulps, one 

blank and one SRM. In addition, a check assay on coarse sample rejects is 

systematically conducted on all samples assaying above one gram per tonne. 





Internal quality assurance and quality control data are regularly submitted with 

assay results and inspected by High River Gold personnel. 

For the detailed soil geochemical survey (100-metre grid), duplicate soil 

samples were collected every twenty-five or so samples. Duplicate samples 

follow the sample chronological numbering sequence and are blind to the 

assay laboratory. One of three company-prepared reference standard and one 

blank sample were randomly inserted into the sample stream before 

submission to the laboratory. The frequency was approximately one standard 

reference material sample and one blank every ten to twenty samples. The 

three standard reference material samples and the sample blank were prepared 

by High River Gold personnel at the Taparko camp site. 

Duplicate samples are also typically collected in trenches. Duplicate samples 

are collected by chipping an additional sample over the same length and width 

in order to duplicate original sample weight. 

For the rotary air blast and reverse circulation drilling programs, a different 

analytical quality assurance and quality control protocol was used. One sample 

blank, one duplicate and one control sample are inserted into the samples of 

each borehole. The duplicate sample is created from a second sample split 

using the same procedure described above and inserted in sequential order 

following the primary sample. 


procedures used by High River Gold in 2003 and again in 2004. In the opinion 

of SRK, High River Gold and Jilbey used care in the collection and 

management of field and assaying exploration data for the Taparko Group 

permits. The field procedures and assaying protocols generally meet industry 

best practices for this type of reconnaissance exploration project. 





5.8 Data Verification 

5.8.1 Verifications by SRK 

Exploration data collected by High River Gold and Jilbey were verified by 

SRK during the preparation of two previous technical reports in August 2003 

and April 2004. Additional verifications were conducted by SRK for the 

preparation of this technical report. 

Exploration data is collected by High River Gold personnel using documented 

procedures. Exploration data for each exploration permit is managed into a 

single MsAccess Database. The database structure is uniform and its design 

follows the architecture of a Gemcom Database. 

In the opinion of SRK the procedures and protocols used by High River Gold 

to acquire and manage the exploration data collected on the Taparko Group 

permits generally meet industry best practices and therefore the exploration 

data is reliable. 

Site Visit 

SRK is familiar with the geology and exploration work conducted by High 

River Gold in the Taparko area. Four separate personal inspections have been 

completed by SRK in the Taparko area. In August 2003, SRK visited the 

Taranga permit. In February 2004, SRK returned to the Taranga permit and 

also visited the Nomikdou and Tougouri permits. In June 2004, SRK briefly 

visited the Bougou and Dassamtanga permits. 

In compliance with national instrument 43-101, SRK completed a current 

personal inspection of the Taparko Group projects on February 2 and 3, 2006. 

During this visit, SRK visited the Ninnougou, Dyakolra, Nomikdou, Doumissi 

and Tougouri permits. During this visit, SRK inspected outcrop exposures to 

ascertain the geological and structural settings of this portion of the Taparko 

Group and inspect exploration work completed by High River Gold and Jilbey. 

Some of the features examined by SRK are presented in Figure 13. 

Verification Sampling 

In August 2003, SRK collected one verification grab sample on the Taranga 

exploration permit (Couture and Michaud, 2003). The sample was collected 

using the same sampling technique used by High River Gold during 

reconnaissance prospecting (Table 10). 

No verification samples were collected by SRK on the exploration permits of 

the Taparko Group during the site visits completed during 2004. 

In February 2006, SRK collected one verification sample from the active 

orpailleur site at Area #8 on the Ninnougou permit (Table 10). The sample 

represents a composite grab sample collected by artisan miners from the main 

targeted quartz vein (Figure 13). 





Verification samples were brought back to Toronto by SRK and submitted to 

ALS-Chemex laboratories in Sudbury for assaying, along with three gold 

certified reference materials samples. All samples were assayed for gold and 

silver by conventional fire assay and gravimetric finish using thirty grams 

charges (method code ME-GRA21). Samples were also assayed for a suite of 

twenty-eight trace elements using a multi acid “near total” digestion, 

hydrochloric acid leach and followed by Inductively-Coupled Plasma Atomic 

Emission Spectrometry (“ICPAES” method code ME-ICP61m). Full 

analytical procedures and assay results are presented in Appendix B 

Table 10. Verification Sample Collected by SRK in February 2004 on the 

Taranga Permit and in February 2006 on the Ninnougou Permit. 

Sample_ID UTM_E UTM_N Elev. Permit Description 

SRK-TA-01 793,015 1,449,800 Taranga 

SRK-GR-09 779,938 1,453,734 311 Ninnougou 

* Coordinates: UTM, datum WGS84. 

Composite grab sample collected at the Thion East 

Showing using the same sampling technique used by 

High River Gold personel during prospecting. 

Area #8. Trench TZ8B-031. Quartz vein (N280/80) 

targetted by orpailleur at this new site. Sample collected 

in the walls of a small orpailleur pit. 

Such a small sample collection cannot be considered representative for 

assessing the exploration potential of the concessions. 

Assay results for certified reference materials inserted with the verification 

samples are within acceptable tolerance indicating that assay results for the 

verification samples are satisfactory. Partial assay results for the independent 

samples are presented in Table 11. 

At Thion East, the assay result from sample SRK-TA-01 (23.0 gpt gold) is 

quite comparable to the range of assay results reported by Jilbey (Table 11). 

Furthermore, visible gold was observed in several hand specimens that were 

not included in the sample for assaying. 

The sample collected at Area #8 yielded 50.5 gpt gold indicating that the 

quartz vein targeted by the artisan miners is rich in gold. 

Table 11. Partial Assay Results* for Samples Collected by SRK on the Taparko Group 

Permits in February 2004 and 2006. 

Sample_ID Lab_ID Weigth 

(kg) Permit 

Au Ag Ag As Ba Cr Cu Mo Ni Pb 

(gpt) (gpt) (gpt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) 

S W Zn 

(%) (ppm) (ppm) 

SRK-GR-09 SRK-312 2.43 Ninnougou 50.5 5 1 12 130 15 3




Figure 13. Site Visit Pictures. A, B, C. Area #7 on the Dyakolra Permit. Typical 

Trench Excavated by High River Gold in Area #7. B and C. Foliated Silica-rich 

Rock Outcropping Nearby. The Foliation Trends N070°/70° and is Impregnated 

with a Strong East Plunging Lineation (C). D., E, F. Area #8 on the Ninnougou 

Permit. D. Artisan Miner Collecting Sample SRK-GR-09. E. Typical Quartz 

Material in Sample SRK-GR-09. F. Strong Shallow Plunging Lineation In the 

Vicinity of the Markoye Fault (See Figure 8A). G and H. Outcrop of Granitic Rock 

on the Tougouri permit. I. Foliated Silica-Rich Rock (N227°/65°) Outcropping 

Near TR-1 and TR-2 Excavated Near the Interpreted Trace of the Markoye Fault. 





5.9 Adjacent Properties 

Adjacent properties were discussed in the August 2003 technical report 

(Couture and Michaud, 2003). 

5.10 Exploration Potential 

Considering the history leading to the discovery of the Taparko deposits and 

the early indications of gold mineralization in bedrock obtained from the 

reconnaissance work program completed to date, the exploration potential of 

the Taparko Group exploration permits is considered excellent. 

5.11 Mineral Processing and Metallurgy 

No metallurgical testing was completed on gold mineralization from the 

Taparko Group permits. 

5.12 Mineral Resource Estimation 

The Taparko Group exploration permits are at an early stage of exploration. 

The reconnaissance work completed to date has not identified gold 

mineralization of sufficient interest or continuity to justify estimating mineral 

resources. 





6 Kindo-Kaya Group Permits 



The Kindo-Kaya Group exploration permits are situated approximately eightyfive 

kilometres north of Ouagadougou, the Capital city of Burkina Faso 

(Figure 2). The area is accessible via the National 3 road connecting 

Ouagadougou to the town of Kaya and then via good quality gravel roads 

leading to the town of Kongoussi and Sabce. Driving time from Ouagadougo is 

approximately 1.5 hours. High River Gold has established a field camp in the 

town of Kongoussi situated a few kilometres east of the Kindo Group permits. 

The Kaya Group permits are situated southeast of the town of Kaya (Figure 4). 

The topography of the permit area is significantly more accentuated (Figure 

14). Several ridges rising a few hundred meters above the flat steppe form 

chains of low sub-cropping ranges with lateritic caps. 

The local climate in this portion of West Africa is characterized by the Sahel 

zone. The wet season typically extends from June to September. The mean 

annual rainfall varies between 400 and 600 millimetres. Owing to the very 

high rate of evaporation, there are no year-long surface accumulations of water 

in the area, except for man-made storage and reservoirs. 







Ouagadougou, the Town Council sells plots for housing/building. In this case, 

the buyer receives paper titles attesting to ownership. Outside cities, traditional 

"Land Chiefs" may give some land to people for housing or agricultural 

purposes. Almost all villages have a Land Chief. In this case, no paper titles 

are issued. It is good exploration practice to develop a close relationship with 

the traditional Chiefs, and to inform them of the work to be conducted and of 

its potential benefits to the local community. Like in many other areas, good 

manners must be exercised in accessing land for exploration work. This 

includes minimizing the impact of ground activities and providing appropriate 


learn about the location of local sacred lands (e.g. sacred hills, cemeteries, 

etc.). 





Figure 14. Typical Landscape in the Vicinity of the Kindo-Kaya 

Group Permits Area. A. and B. Tikare Permit: Kilou Site Looking 

East; Badinogo Site Looking South. C. Kongoussi 1 Permit, 

Ronguin Site Looking East. D. Mane Permit, Typical Outcrop of 

Granitic Rock. E. Mane Permit, Banda-Zahgongo Authorized 

Artisan Site. 





6.2 History 

The Kindo-Kaya Group Exploration Permits are comprised of two separate 

groups of permits. The Kongoussi 1 and Tikare permits were acquired by High 

River Gold as a result of an option from Mr. Kindo Adama in 2004. The Mane, 

Noungou and Nahili permits were acquired by Jilbey Burkina SARL (a 

subsidiary of High River Gold) between July 2005 and January 2006. 

Exploration activities in the region began at least forty years ago. Initial work 

was conducted by the Bureau de Recherches Géologiques et Minières 

(“BRGM”) from 1961 to 1971. This work focussed on small gold occurrences 

located in the south-east portion of the project area. Work included stream and 

soil geochemical surveys, ground geophysics, trenching and limited drilling. 

Geoterrex (amalgamated with Fugro in 2000) flew an airborne geophysical 

survey over portions of the region between 1987 and 1988. Under a United 

Nations Development Program, follow-up work was carried out on a number 

of airborne geophysical anomalies. This work included ground geophysical 

and geological surveys, soil geochemical surveys and reverse circulation 

drilling. 

Between 1993 and 2001, Faso Étude et Travaux (“FET”), a Burkinabe 

company, conducted extensive exploration work over a large area 

encompassing portions of the Kindo Group Permits as part of the Sanmatenga 

Joint Venture with several companies including Newmont Overseas 

Exploration <strong>Ltd</strong>, North <strong>Ltd</strong>, Randgold <strong>Resources</strong> <strong>Ltd</strong> (“Randgold”) and Delta 

Gold <strong>Ltd</strong>. 

The work included airborne geophysical surveying, extensive soil sampling 

and rotary air blast drilling followed with trenching, reverse circulation and 

core drilling on several promising targets. This work resulted in the discovery 

of numerous gold showings in the bedrock, including at Bissa Hill where a 

small near surface gold resource was delineated. 

In 2004, Jilbey acquired the Bissa and Zandkom permits (Figure 4), and 

conducted extensive verifications of the historical work including soil 

sampling, trenching, geological mapping and drilling. At Bissa Hill (Figure 4), 

Jilbey re-sampled trenches excavated by Randgold and duplicated several 

boreholes before undertaking a systematic infill drilling program on the main 

portion of the small gold deposit during the first half of 2004. At the 

conclusion of the drilling program, SRK constructed a mineral resource model 

for the deposit using a three dimensional geostatistical approach. The mineral 

resources for were disclosed in a technical report prepared independently from 

the Issuer by SRK and described in a technical report dated September 28, 

2004 and filed on Sedar (www.sedar.com). The author of the present technical 

report co-authored the technical report on the Bissa Hill gold deposit. This 

information is not necessarily indicative of the mineralization on the 

Kindo-Kaya Group permits that is subject of this technical report. Using 

an inverse distance estimator and a cut-off of 0.5 gpt gold, the mineral 





resources for the Bissa Hill deposit were reported at 1.34 million tonnes, 

grading an average of 3,3 gpt gold (147,200 contained ounces of gold) in the 

Measured and Indicated category and 0.1 million tonnes at an average of 2.89 

gpt gold (9,970 contained ounces of gold) in the Inferred category. 

Following the successful takeover of Jilbey in September 2005, High River 

Gold resumed drilling on the Bissa property and reported discovery of other 

gold occurrences in the vicinity of the Bissa Hill deposit. In February 2006, 

SRK was mandated by High River Gold to update the mineral resources of the 

Bissa Project. 

6.3 Geological Setting of the Kindo-Kaya Group Area 

The geology of the Kindo-Kaya Group area has been described by others. The 

summary below was extracted from a report (Castaing et al., 2003) 

accompanying a recent geological map of the area prepared for the Ministère 

des mines des carrières et de l’énergie (Kaya 1:200,000 scale map sheet) and 

further work by High River Gold and Jilbey. 

The Kindo-Kaya permits area is situated within the Boromo volcanosedimentary 

belt which generally trends east to southeast between the northnortheast 

trending crustal-scale Houndé-Ouahigouya and Markoye fault 

systems (Figure 7). 

In this area the Birimian rocks are characterized by mafic volcanic rocks, 

minor felsic volcanic rocks and extensive sedimentary units forming strongly 

arcuate volcano-sedimentary belts trending west, northwest and southeast. The 

Birimin rocks are intruded by large granitic batholiths and small felsic stocks 

stitching the supracrustal sequences together (Figure 15). The regional 

structural patterns are modelled by the architecture of the Birimian and 

granitoid rocks and well imaged by airborne magnetic data (Figure 16). 

The Tikare and Kongoussi 1 permits are mostly underlain by mafic volcanic 

rocks and associated mafic intrusions. Minor sedimentary units occur in the 

northern portion of the permits and comprise pellite, sandstone and minor 

quartz-rich horizons. Rock units are typically strongly foliated and trend 

variably across the area from east to southeast in the western portion of the 

permits to northeast in the southeast portion of the Kongoussi 1 permit. 

The Mane, Nongou and Hahili permits are principally underlain by volcanosedimentary 

rocks ascribed to the Kaya-Ouahigouya greenstone sequence. The 

main rock units include mafic volcanic rocks, associated mafic intrusions and 

minor sedimentary units intruded by large granitic intrusions (Figure 15). The 

structural patterns are generally dominated by southeast trending Birimian rock 

units and shear zones cut by strong northeast fault structures along which 

granitic intrusions appear to be intruded (Figure 16). 





Figure 15. Regional Geology in the Vicinity of the Kindo-Kaya 

Group Exploration Permits (modified from Castaing et al., 2003). 





Figure 16. Airborne Total Field Magnetic Image of the Kindo-Kaya 







6.4 Deposit types and Mineralization 

The Kindo-Kaya Group exploration permits were acquired following the very 

successful exploration programs completed by Jilbey and High River Gold on 

the Bissa and Zankkom permits. 

Based on field examination of several areas of the permits in February 2006, 

the Kindo-Kaya group of properties is underlain by geology considered to be 

similar to that of other Birimian volcano-sedimentary sequences. 

In this context, this region is principally prospective for “orogenic” gold 

deposits, which typically exhibit a strong relationship with regional arrays of 

major shear zones. 

In these deposits, the gold mineralization is typically associated with an 

organized network of quartz veins containing subordinate amounts of 

carbonate, tourmaline, sulphides and native free-milling gold. Alternatively, 

the gold mineralization can be also associated with disseminated sulphides in 

strongly deformed alteration zones without significant veining. In the latter 

case, gold may be free milling but also refractory. 

The observation of gold mineralization associated with quartz veining at 

several distinct sites, and the occurrence of numerous inactive and active 

artisan workings on several of the permits attest to the existence of gold 

mineralization in the area. Further exploration work is warranted to determine 

the significance of these occurrences. 


extensive surface oxidisation of bedrock to a depth of up to hundred metres. In 










region. Preliminary targets are selected from the interpretation of available 



a 400-metre grid pattern. Alternating sampling traverses are offset by 

200 metres. Follow-up work includes additional prospecting and detailed soil 



by fifty metre grid. The most promising targets are tested by reverse 

circulation drilling and subsequently by core drilling if warranted 

Exploration work was undertaken by High River Gold on only one of the five 

Kindo-Kaya Group exploration permits. No work was completed on the 

Kongoussi 1, Mane, Noungou and Nahili permits. 

No exploration work has been initiated by <strong>Goldrush</strong> on the Kindo-Kaya Group 

permits. 

On the Tikare permit, Jilbey and High River Gold initiated exploration in 2004 

by investigating two known orpailleur sites at Kilou and Badinogo. In 2004, 

the area surrounding the orpailleur sites was mapped and 153 rock samples 

were collected. The auriferous structures targeted by the artisan miners were 

investigated with eight trenches (364 linear metres) and nine reverse 

circulation boreholes (915 metres). During 2005, reconnaissance work was 

completed over the entire permit area. 

6.5.1 Soil and Rock Sampling 

As part of the same program, soil samples were collected on 400 metre centres 

over the entire surface area of the Tikare permit. The entire property was also 

prospected and mapped. In total 1,620 soil samples and 7,592 rock samples 

were collected during the first half of 2005. 

The soil and rock sampling program helped delineate five anomalous zones, 

two of which are associated with the known orpailleur sites at Kilou. 

The Kilou site is located in the western portion of the permit, and is underlain 

by mafic and intermediate volcanic rocks inter-layered with minor sedimentary 

units. Quartz veining is abundant in this area. The main quartz veins are either 

concordant to the regional northeast-trending foliation fabric or slightly 

discordant to it. Although the main Kilou orpailleur site was investigated by 

trenching and drilling, rock sampling over the widely outcropped surrounding 

hills have uncovered several new gold occurrences within a broad gold-in-soil 

anomaly and define a large primary target for follow-up work 





At Badinogo, quartz veining is abundant in mafic volcanic and intrusive rocks 

intercalated with minor sedimentary units. Quartz veins and veinlets are 

generally sub-concordant to the regional north-easterly trending foliation. 

Preliminary investigations of the orpailleur site by reverse circulating drilling 

returned disappointing results, however, new gold occurrences coincident with 

gold-in-soil anomalies warrant follow-up work. 

In the north-central portion of the permit, west of the Badinogo orpailleur site, 

the regional foliation in mafic volcanic rocks warps sharply from a northwest 

to a west strike over a short north-south distance. This suggests the existence 

of a structural discontinuity in this area characterized by a weak geochemical 

anomaly and where three rock samples yielded anomalous gold. 

In the southeast portion of the permit, a broad gold-in-soils anomaly 

approximately three by two kilometres in size is defined in alluvial soils. Just 

west of this anomaly, one sample taken from a residual lateritic ferricrete 

plateau returned 153 ppb gold and a gold occurrence was identified in nearby 

north-trending mafic volcanic rocks that contain minor quartz veining. This 

poorly outcropped area warrants additional work. 

Finally, discontinuous isolated moderate to weak gold-in-soil anomalies define 

the fifth follow-up target in the central part of the Tikare characterized by 

alluvial soils and poor outcrop density. The mafic volcanic rocks contain few 

quartz veins, none of which yielded interesting gold assays. 

6.5.2 Trenching 

Two trenches (KT-001 and KT-002) were excavated at Kilou (Figure 17) and 

six trenches (BT-001 to BT-006) were completed at Badinogo (Figure 18). At 

each site, the trenches were designed to crosscut the main auriferous structures 

as close as possible to a right angle. 

At Kilou the artisan miners are targeting one main quartz vein extending over a 

strike length of approximately 600 metres (Figure 14). The quartz vein strikes 

northeast and dips moderately to the south. Towards the west, the dip of the 

vein shifts to the north. Two trenches investigated the active orpailleur site on 

two sections separated by approximately 250 metres (Figure 17). The best 

assay result obtained from the fifty-six 2-metre samples collected is 0.67 gpt 

gold over two metres. 

At Badinogo, artisan miners work on several distinct quartz vein structures 

trending northwest to southwest with moderate northerly dips (Figure 14). The 

veins are discontinuously exposed over a strike length of approximately 800 

metres. Six trenches investigated four different structures (Figure 17). Their 

location was chosen based on the results of the surface rock sampling program. 

Of the 127 2-metre samples collected, six samples assayed above 0.5 gpt gold 

as indicated in Table 12. 





Figure 17. Compilation of Exploration Work Completed by Jilbey 

and High River Gold at Kilou in 2004. 





Figure 18. Compilation of Exploration Work Completed by Jilbey 

and High River Gold at Badinogo in 2004. 





Table 12. Salient Assay Results Obtained by Trenching at 

Badinogo, in 2004 and 2005. 

TR_ID 


Sample_ID 

(metre) (metre) (metre) 


(gpt) 

BT-001 4 6 2 55103 1.58 

BT-001 30 32 2 55117 1.84 

BT-003 16 18 2 55309 2.04 

BT-004 32 34 2 55418 2.54 

BT-005 14 16 2 55508 0.72 

BT-005 16 18 2 55509 0.65 

6.5.3 Drilling 

In May 2004 six reverse circulation boreholes were drilled at Badinogo. Three 

boreholes (TBR-001 to –003) tested the main auriferous structures on three 

sections separated by 200 and 600 metres. Two other boreholes (TBR-004 and 

-005) tested a subsidiary structure on two sections separated by 150 metres. 

The sixth borehole (TBR-006) tested a third structure located approximately 

150 metres further to the south. In total, 625 1-metre assay samples were 

collected. All boreholes were drilled as to intersect the interpreted strike of the 

surface auriferous structure as close as possible to a right angle. The salient 

assay results are presented in Table 13. 

At Kilou, the three boreholes were collared in the eastern portion of the site 

because of challenging topographic relief towards the west. Two boreholes 

were collared on one section situated fifty metres east of trench KT-001. The 

third borehole was drilled on a section located fifty metres east of trench KT- 

001. The salient assay results obtained from 290 1-metre samples submitted 

for gold assaying are presented in Table 13. There is insufficient information 

available to determine if the reported intercepts represent true widths. 

Table 13. Salient Assay Results Obtained from Drilling at the Kilou and 

Badinogo Sites in 2004 and 2005. 

Hole_ID From To Length 


Sample_ID 

(metre) (metres) (metre) (gpt) 



Hole_ID Sample_ID 

(metre) (metres) (metre) (gpt) 

TBR-002 30 31 1 73514 0.81 TBR-006 12 13 1 74005 2.07 

TBR-002 58 59 1 73547 10.3 TBR-006 74 75 1 74079 0.99 

TBR-002 59 60 1 73548 1.92 TKR-001 45 46 1 73054 0.54 

TBR-002 86 87 1 73580 1.31 TKR-001 51 52 1 73060 0.59 

TBR-004 22 23 1 73775 0.78 TKR-001 52 53 1 73062 4.59 

TBR-004 28 29 1 73783 2.66 TKR-001 53 54 1 73063 4.06 

TBR-004 33 34 1 73789 0.86 TKR-001 74 75 1 73089 0.96 

TBR-004 39 40 1 73796 0.73 TKR-001 75 76 1 73090 2.44 

TBR-004 40 41 1 73797 1.13 TKR-001 82 83 1 73098 3.59 

TBR-004 42 43 1 73799 2.16 TKR-001 83 84 1 73099 0.11 

TBR-004 43 44 1 73800 1.03 TKR-001 84 85 1 73100 1.25 

TBR-004 81 82 1 73845 0.9 TKR-001 90 91 1 73107 0.84 

TBR-004 85 86 1 73849 0.56 TKR-001 102 103 1 73121 0.87 

TBR-005 4 5 1 73879 0.74 TKR-003 89 90 1 73330 0.58 

TBR-005 33 34 1 73913 0.76 





6.6 Sampling Approach and Methodology 


sampling was described in detail in a previous technical report prepared by 

SRK for Jilbey (Couture and Michaud, 2003). 








purpose. 






kilograms. Each sample is located with a GPS instrument and described in a 


aims at detecting any gold mineralization in outcrop, float or sub-crop. 



on one-metre intervals, or less depending on the geology. Chip channel 


fifteen centimetres above the toe of one of the trench walls. Sample size 


hard material like quartz or chert. In such cases, samples are collected to 

approximate, as closely as possible, the true width of the vein, taking the vein 

dip into account. 

Reverse circulation drilling samples are collected directly from the drill rig 

cyclone at one metre intervals in a white plastic knitted bag that is identified 

individually. Samples average approximately five kilograms in weight. 

Samples are prepared for assaying directly on site. Each sample is weighted 

and a one kilogram sample is split with a mechanical sample splitter. The subsample 

is marked and bagged on site. 

During sample preparation, a second split of the primary sample is also panned 

onsite for visible gold and sieved to extract fine and coarse fractions. 

Descriptive information on colour, alteration, oxidation state, lithology, 

structural features, etc, is recorded onsite. The sample rejects are replaced in 

the original bag, sealed and stored at the camp site. Reverse circulation 

samples one-metre assay samples are submitted to Abilab for preparation and 

assaying. 






All assays for gold were conducted at Abilab laboratory located in Bamako, 

Mali. 

All soil, rock and drilling samples were collected by High River Gold 


temporarily placed in double-sealed rice bags, stored and then prepared for 







subdivided in batches of twenty samples. Four internal quality control samples 

are inserted by Abilab: a blank, two duplicates and one SRM sample. Rock 

samples are crushed (-10 mesh) with a jaw crusher. A 250 to 300-gram subsample 

is collected and pulverized (90 percent passing -150 mesh). 


finish on a 50-gram sub-sample. Trench and reverse circulation samples were 

also assayed for gold by fire assay with an atomic absorption finish on a 50gram 

sub-sample. Soil samples were analysed for gold in fifty gram subsamples 

by wet assay (MIBK extraction and atomic absorption finish). 

External quality control samples are routinely inserted with all samples 

submitted for assaying. Quality control samples for soil samples include blanks 

and field duplicates inserted at a rate of approximately five percent. For rock 

samples, quality control samples include blanks and one of three internally 

prepared standards inserted at a rate of approximately five percent. The three 

standards used as the control sample were prepared by High River Gold 

personnel from rock material from the Taparko project. Although these control 

samples are not certified, they are considered appropriate for this early stage 

exploration project. 




For the reverse circulation drilling program, a different analytical quality 

assurance and quality control protocol was used. One sample blank, one 

duplicate and one control sample are inserted into the samples of each 

borehole. The duplicate sample is created from a second sample split using the 

same procedure described above and inserted in sequential order following the 

primary sample. 


procedures used by High River Gold in 2003 and again in 2004. In the opinion 





of SRK, High River Gold and Jilbey personnel used care in the collection and 

management of field and assaying exploration data. The field procedures and 

assaying protocols generally meet industry best practices for this type of 

reconnaissance exploration project. 



Exploration data collected by High River Gold and Jilbey were verified by 

SRK during the preparation of two previous technical reports in August 2003 

and April 2004. Additional verifications were conducted by SRK for the 

preparation of this technical report. 






to acquire and manage the exploration data collected on the Kindo-Kaya 

Group permits generally meet industry best practices and therefore the 

exploration data is reliable. 

Site Visit 

SRK is familiar with the geology and exploration work conducted by High 

River Gold in the Kindo area. Three separate personal inspections have been 

completed by SRK in this region of Burkina Faso. In February 2004, SRK 

visited the Kongoussi area and several exploration permits acquired by Jilbey 

in the area. In June 2004, SRK returned to Kongoussi to undertake structural 

geology investigations on several exploration permits undergoing exploration 

by Jilbey and High River Gold, immediately to the south of the Tikare and 

Kongoussi 1 permits. 

In compliance with national instrument 43-101, SRK completed a current 

personal inspection of the Kindo-Kaya Group projects between January 27 and 

31, 2006. During this visit, SRK visited the Tikare, Kongoussi 1, Mane and 

Nahilli permits and inspected exploration work completed by High River Gold 

and Jilbey on the Tikare permit. No work had been undertaken on the other 

four exploration permits. 

On the Tikare permit, SRK visited the Kilou and Bangbara occurrences that 

were targeted by trenching and reverse circulation drilling in 2004. 

Some of the features examined by SRK are presented in Figure 19. 





Figure 19. Site Visit Pictures. A, B ad C. Badinogo Site on the Tikare Permit. A and B. 

Network of West Striking Quartz Veins that Yielded 25 gpt Gold During Prospecting 

(SRK-GR-04). C. Trench TR-BT-001 Looking South. D, E and F. Kilou Site. D and E. 

Main Quartz Vein Targeted by Artisan Miners. Note Vein in E. Sample SRK-GR-05 was 

Collected From the Dumps. F. Main Structure Looking East. G. Ronguin Artisan Site 

on the Kongoussi 1 Permit Looking East. Sample SRK-GR-06 was Collected from the 

Dumps. H and I. Banda-Zahgongo Artisan Site on the Mane Permit. H. Site Looking 

South. I. Narrow Quartz Veins in Granitic Rock (Sample SRK-GR-07). 





Verification Sampling 

In February 2006, SRK collected seven verification samples from the Kindo- 

Kaya exploration permits (Table 14). Five samples were collected from the 

Tikare Permit. 

Three samples (SRK-GR-01 to -03) were collected from rejects of reverse 

circulation drilling and duplicate respective reverse circulation assay samples 

yielding interesting gold grades. Two other samples were collected on the 

surface at the Badinogo and Kilou orpailleur site. Sample SRK-GR-04 was 

collected from several outcropping quartz veins (Figure 19) that yielded 25.0 

gpt gold during regional prospecting. Sample SRK-GR-05 was collected from 

the dumps on the Kilou main auriferous structure. 

One sample (SRK-GR-06) was collected from the Ronguin site on the 

Kongoussi permit and one sample (SRK-GR-07) was collected at the Benda- 

Zahgongo site on the Mane permit (Figure 19). 

Verification samples were brought back to Toronto by SRK and submitted to 

ALS-Chemex laboratories in Sudbury for assaying, along with three gold 

certified reference materials samples. All samples were assayed for gold and 

silver by conventional fire assay and gravimetric finish using thirty grams 

charges (method code ME-GRA21). Samples were also assayed for a suite of 

twenty-eight trace elements using a multi acid “near total” digestion, 

hydrochloric acid leach and followed by Inductively-Coupled Plasma Atomic 

Emission Spectrometry (“ICPAES” method code ME-ICP61m). Full 

analytical procedures and assay results are presented in Appendix B 

Table 14. Verification Sample Collected by SRK in February 2006 on the Tikare, 

Kongoussi 1 and Mane Permits. 


SRK-GR-01 651,985 1,475,416 313 Tikare 

SRK-GR-02 642,507 1,471,381 321 Tikare 

SRK-GR-03 642,507 1,471,381 321 Tikare 

SRK-GR-04 653,232 1,474,148 408 Tikare 

SRK-GR-05 642,466 1,471,389 368 Tikare 

SRK-GR-06 656,414 1,466,426 331 Kongoussi 

SRK-GR-07 679,276 1,432,185 303 Mane 


Duplicate sample of sample #73547 in RC hole TBR002 

from 58 to 59 metres yielding 10.3 gpt gold. Badinogo 

site. 

Duplicate sample of sample #73003 in RC hole TKR001 

from 53 to 54 metres yielding 4.06 gpt gold. Kilou site. 

Duplicate sample of sample #73098 in RC hole TKR001 

from 82 to 83 metres yielding 3.59 gpt gold. Kilou site 

Composite quartz vein sample collected at the Badinogo 

orpailleur site from several outcrps which yielded 25 gpt 

gold in sampling conducted by HRG. 

Composite smoky quartz vein sample collected from 

surface dumps of the Kilou site. 

Composite quartz sample collected from dumps at the 

Ronguin orpailleur site. 

Benda-Zahgongo site, white quartz vein material 

targetted by the orpailleur workers. The sample was 

collected in the walls of a small orpailleur pit. 









verification samples are satisfactory. 

Partial assay results for the independent samples are presented in Table 15. 

Table 15. Partial Assay Results* for Samples Collected by SRK on the Kindo-Kaya 

Group Permits in February 2006. 

Sample_ID Lab_ID Weigth 

(kg) Permit 

Au Ag Ag As Ba Cr Cu Mo Ni Pb 

(gpt) (gpt) (gpt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) 

S W Zn 

(%) (ppm) (ppm) 

SRK-GR-01 SRK-301 2.28 Tikare 19.7




6.9 Adjacent Properties 

The Kindo-Kaya Group permits are situated in proximity to several other gold 

exploration permits actively explored by High River Gold, including the Bissa 

project where High River Gold has reported interesting recent exploration 

drilling results. 


Considering the recent success of the exploration programs conducted by High 

River Gold and Jilbey on adjacent permits, and the early indications of gold 

mineralization in bedrock obtained from the reconnaissance work program on 

the Tikare permit, SRK is of the opinion that the exploration potential of the 

Kido Group permit is excellent. The three permits in the Kaya Group are 

unexplored. However, several active artisan mining sites exist in the area 

including small authorized concessions on the Mane permit which attest of the 

favourable exploration potential of this area. 



Kindo-Kaya Group permits. 


The Kindo-Kaya Group exploration permits are at an early stage of 

exploration. The reconnaissance work completed to date has not identified 

gold mineralization of sufficient interest or continuity to justify estimating 

mineral resources. 





7 Hounde Group Permits 



The Hounde Group exploration permits are situated approximately 320 

kilometres southwest of Ouagadougou, the capital city of Burkina Faso (Figure 

2). The area is accessible via the National 1 road connecting Ouagadougou to 

the town of Bobo-Dioulasso. At Koudougou, a well paved road leads 

southwest to the town of Diebougou, where Jilbey has established a field base 

camp. This road has been recently improved and serves as a main connection 

link to the Ivory Coast. Driving time from Ouagadougou to Diebougou is 

approximately four hours. From the base camp at Diebougou, several 

secondary gravel roads and good tracks provide access to the exploration 

permits. 

This region of Burkina Faso is characterized by a Sudanese-type tropical 

climate, with two alternating seasons: a long dry season from October to April, 

and a short rainy season from May to September. The annual rainfall is 

typically above 700 millimetres, and provides for the most dense forestry 

cover in Burkina Faso. The topography is characterized by generally low 

rolling hills, forested cover, plantations and agricultural fields (Figure 20). 

Low-rising hills form undulating ridges a few tens of meters in height with 

local higher outcropping hills. 







Ouagadougou, the Town Council sells plots for housing/building. In this case, 

the buyer receives paper titles attesting to ownership. Outside cities, traditional 

"Land Chiefs" may give some land to people for housing or agricultural 

purposes. Almost all villages have a Land Chief. In this case, no paper titles 

are issued. It is good exploration practice to develop a close relationship with 

the traditional Chiefs in order to inform them of the work to be conducted and 

of its potential benefits to the community. Like in many other areas, good 

manners must be exercised in accessing land for exploration work; this 

includes minimizing the impact of ground activities and providing appropriate 


learn the location of local sacred lands (e.g. sacred hills, cemeteries, etc.). 





Figure 20. Typical Landscape in the Vicinity of the Hounde Group 

Permits Area. A. Access Road to the Tinkiro and Koro Permits. B. 

Forested Landscape on the Tinkiro Permit. C. Sub-cropping 

Landscape on the Koro Permit. D. Cashew Plantation on the Koro 

Permit. E. Small Outcrop in the Northwest of the Olongo Permit 

(SRK-GR-08). F. Silica-Altered Outcrop on the Loropeni Permit. 





7.2 History 

Five of the seven exploration permits included in the Hounde Group – Tinkiro, 

Koro, Olongo, Tokora and Loropeni – were acquired by High River Gold in 

January 2004. The Massamo permit was acquired in September 2004, and the 

Bangbara permit was granted in September 2005. 

The Hounde Group exploration permits are contiguous with the southern 

boundary of a group of four exploration permits (Intiédougou, Sebedougou, 

Bondigui, Poyo) belonging to Orezone. Since 1996, Orezone has completed 

extensive exploration in this region, mostly outside the footprint of the Hounde 

Group exploration permits. This work includes: airborne geophysical survey, 

regional and detailed soil geochemistry, geological mapping and prospecting, 

trenching and rotary air blast, reverse circulation and diamond drilling. 

Orezone exploration efforts resulted in the discovery of significant gold 

mineralization exhibiting strong structural controls in Birimian volcanosedimentary 

rocks and associated felsic intrusions. According to public domain 

data, an “Inferred resource” of 157,000 ounces of gold was delineated on the 

Golden Hill (Intiédougou) property in three distinct zones closely associated 

with syenite intrusions. 

On the Bondigui Permit, the initial drill program following on gold-in-soil 

anomalies resulted in the discovery of a new gold-bearing zone associated with 

highly altered and deformed volcano-sedimentary rocks. Since 2003, over 

13,600 metres of reverse circulation drilling, and 2,600 metres of core drilling 

have been completed on the project. A north-trending sub-vertical auriferous 

structure has been identified by drilling over more than one kilometre in strike 

length to a depth exceeding eighty metres. In November 2004, Met-Chem 

Canada Inc. estimated the mineral resources. of the Bondi Main Zone at 1.72 

million tonnes grading an average of 2.88 gpt gold (163,134 contained ounces 

of gold) in the Indicated category and 0.45 million tonnes grading 2.41 gpt 

gold (34,587 contained ounces of gold) in the Inferred category. The mineral 

resources for the Bondigui project were disclosed in a technical report 

prepared independently from the Issuer by Met-Chem Canada Inc. and 

described in a technical report dated November 2004 and filed on Sedar 

(www.sedar.com). SRK was unable to verify this estimate and this 

information is not necessarily indicative that the gold mineralization 

present on the Bondigui property continues on the properties that are the 

subject of this technical report. 

Until 2001, Orezone held a 250 square kilometre exploration permit (Tomena) 

contiguous with the southern boundary of the Poyo Permit. This area partly 

overlaps with the current footprint of the Tinkiro and Koro Permits. According 

to public records, only airborne magnetic survey and reconnaissance field 

work was performed over the Tomena permit by Orezone. 

In 2004 and 2005, High River Gold and Jilbey completed reconnaissance work 

on the Tinkiro, Koro, Olongo, Tokora, Loropeni and Massamo permits. This 





work included regional soil and rock sampling, and geological mapping. No 

work was undertaken on the Bangbara permit, which was acquired to protect 

the western strike extension of gold-in-soil anomalies detected near the 

western boundary of the Olongo permit. 

On September 2005, Jilbey merged with High River Gold and ownership of 

the Hounde Group permits reverted to High River Gold. 

7.3 Geological Setting of the Hounde Group Area 

The Hounde Group permits are situated in the southern portion of the Hounde 

greenstone belt. This Birimian greenstone sequence occurs along the regional 

Houndé-Ouahigouya shear zone, a major – crustal-scale – structure, 

transecting Burkina Faso from north to south (Figure 7). It represents the 

northward extension of the Wango-Fitini shear zone on the Ivory Coast. 

According to available regional geological maps for the area (Castaing et al., 

2003), the geology is characterized by Birimian volcano-sedimentary units 

(Figure 21). The principal rock types consist of sedimentary and volcanoclastic 

schists. The central portion of the permits area is considered to be underlain by 

Tarkwa sedimentary rocks, which form a fault-bounded basin elongated northsouth 

and extending across the Hounde Group permits (Figure 21). These 

north- and northeast-trending faults belong to the regional Houndé- 

Ouahigouya shear zone. This stratigraphic and structural context is considered 

highly prospective for gold deposits within the Birimian sequences of West 

Africa. 

7.4 Deposit Type and Mineralization 

The Hounde Group exploration permits were acquired following the recent 

discovery of gold by Orezone on their Bondi project. 

Several outcrops within the Hounde Group of properties were visited in 

February 2004 and 2006. The field observations indicate that the properties are 

underlain by typical Birimian volcano-sedimentary rock units, as indicated on 

regional geological maps of the area. 

Furthermore, stratigraphic and structural patterns suggest that the Hounde 

Group permits are situated along the southern extension of rock units exposed 

on Orezone’s permits. In this context, the region is principally prospective for 

“orogenic” gold deposits, which typically exhibit a strong relationship to 

regional arrays of major shear zones. 





Figure 21. Regional Geology in the vicinity of the Hounde Group 

exploration permits (modified from Castaing et al., 2003). 





Figure 22. Airborne Total Field Magnetic Image of the Hounde 







In these deposits, the gold mineralization is typically associated with an 

organized network of quartz veins containing subordinate amounts of 

carbonate, tourmaline, sulphides and native free-milling gold. Alternatively, 

the gold mineralization can be also associated with disseminated sulphides in 

strongly deformed alteration zones without significant veining. In the latter 

case, gold may be free milling but also refractory. 


extensive surface oxidisation of bedrock, to a depth of up to 100 metres. In 






region. Preliminary targets are selected from interpretation of available 



a 400-metre grid pattern. Alternating sampling traverses are offset by 200 

metres. Follow-up work includes additional prospecting and detailed soil 



by fifty metre grids. The most promising targets are subsequently tested by 

reverse circulation drilling and subsequently by core drilling if warranted. 

Reconnaissance exploration work was completed by Jilbey and High River 

Gold on six of the seven Hounde Group exploration permits during 2004 and 

2005. This work includes systematic soil and rock sampling, geological 

mapping, prospecting and limited trenching. 

No exploration work has been initiated by <strong>Goldrush</strong> on the subject permits. 

7.5.1 Soil and Rock Sampling 

Soil samples were collected on regular grids over the entire surface area of six 

of the seven permits. Samples were collected on 400 by 400 metre centres over 

areas underlain by Tarkwa group rocks, and on 200 by 200 metre centres over 

area underlain by Birimian Group rocks. No samples were collected on the 

Bangbara permit. In total, 15,224 soils samples were collected (Table 17). 

Rock samples were collected during regional mapping and prospecting of the 

entire surface area of each permit. In total 3,228 rock samples were collected 

on six of the seven permits (Table 17). 

The soil sampling program detected several gold-in-soil and arsenic-in-soil 

anomalous areas over outcropping Birimian rocks and several isolated gold-in- 





soils anomalies over Tarkwa Group rocks. In general, gold and arsenic 

geochemical trends are correlated. 

Table 17. Summary of Sampling Conducted by High River Gold on the Hounde 

Group Exploration Permits in 2004 and 2005. 

Sample type Bangbara Tinkiro Koro Olongo Tokora Loropeni Massamo Total 

Soil - 2,286 3,564 2,085 2,034 3,019 2,236 15,224 

QC samples - 219 173 104 100 144 96 836 5% 

Rock - 270 640 511 396 808 603 3,228 

QC samples - - 33 35 29 34 40 171 5% 

Trench - - - 154 - - - 154 

QC samples - - - 15 - - - 15 10% 

The strongest soil geochemical signal was obtained to the west of the Tarkwa 

Group sequence along a broad north-south corridor extending from the Koro to 

the Loropeni permits. Another strong geochemical trend is located along the 

eastern contact between the Tarkwa and Birimian rock sequences. It is well 

defined on the Koro and Olongo permits and somewhat weaker on the 

Loropeni permit, further to the south. 

The soil sampling program yielded the following anomalous areas worthy of 

follow-up work. 

On the Koro permit several isolated gold-in-soil anomalies were identified 

across the western half of the permit underlain by Birimian rocks. The gold-insoil 

anomalies are not always correlated with elevated arsenic in soils. Two 

broadly linear arsenic-in-soils anomalous areas define the contact between 

Tarkwa and Birimian rocks. The arsenic trend in the eastern half of the permit 

is not associated with strong gold in soils, whereas several isolated gold-in-soil 

anomalies were detected on the edges of the arsenic trend in the western half 

of the permit. This anomalous area extends south on the adjacent Olongo 

permit. Several isolated gold-in-soil anomalies were also detected over areas 

underlain by Tarkwa rocks in the central portion of the Koro permit. One 

sample yielded 345 ppb gold within a larger weakly anomalous area. 

Soil over the Birimian sequence along the western half of the permits remain 

strongly anomalous in arsenic on the Olongo, Tokora and Loropeni. A sharp 

linear trend probably marking the contact between Tarkwa and Birimian rock 

sequences extends almost continuously across the western half of the permits. 

In the northwest corner of the Olongo permit, the arsenic geochemical signal is 

associated with weak to moderate gold-in-soil anomalies extending further 

west on the unexplored Bangbara permit. This area also yielded several 

anomalous gold rock samples (up to 0.8 gpt gold). 

Two gold-in-soil anomalous areas were defined on the Tokora permit. The 

northern most anomaly consists of isolated weak to moderate gold spikes 

within the broadly lineal arsenic signal interpreted as a north-northwest 

trending fault. The southern anomaly straddles the boundary between the 





Tokora and Loropeni permits and is not directly coincident with elevated 

arsenic in soils. 

Further to the south, on the Loropeni permit, a weak gold-in-soil anomaly is 

coincident with strong arsenic along the contact between Tarkwa and Birimian 

rocks. However, on this permit, the strongest gold-in-soil signal was obtained 

in the southeast portion of the permit in an area loosely sub-parallel to the 

eastern Tarkwa/Birimian rock contact that also yielded anomalous gold and 

weak gold mineralization in rock samples collected from a discontinuously 

outcropping quartzite unit (up to 1.4 gpt gold). 

The other two gold in-soil anomalous areas are located in the western portion 

of the permit along prominent arsenic-in-soil anomalies developed along the 

Tarkwa/Birimian rock contact. 

7.5.2 Trenching 

Three trenches (OLT-001 to -003; 100 metres in length each) were excavated 

to investigate gold-in-soil anomalies in the northwest portion of the Olongo 

permit. The trenches were excavated along an azimuth of N300 degrees and 

spread-out over a strike length of approximately two kilometres. The trenches 

exposed saprolitic volcano-sedimentary rocks. A total of 154 samples were 

collected on 2-metre intervals. Only one sample in trench OLT-002 yielded a 

gold assay above 0.1 gpt gold (0.12 gpt gold over two metres between 82 and 

82 metres). 

No further trenching was completed on the Hounde Group permits. 

7.5.3 Drilling 

No drilling was carried out by High River Gold on the Hounde Group 

exploration permits. As far as it could be determined, there are no records of 

historical drilling performed on the subject exploration permits. 





7.6 Sampling Approach and Methodology 


sampling was described in detail in a previous technical report prepared by 

SRK for Jilbey (Couture and Michaud, 2003). 








purpose. 






kilograms. Each sample is located with a GPS instrument, and described in a 


aims at detecting any gold mineralization in outcrop, or float of sub-crop. 



on one-metre intervals or less, depending on the geology. Chip channel 


fifteen centimetres above the toe of one of the trench wall. Sample size 


hard material like quartz of chert. In such cases, samples are collected to 

approximate, as closely as possible, the true width of the vein while taking the 

vein dip into account. 






All assays for gold were conducted at Abilab laboratory located in Bamako, 

Mali. 

All soil, rock and trench samples were collected by High River Gold 


temporarily placed in double-sealed rice bags, stored and prepared for 







subdivided in batches of twenty samples. Four internal quality control samples 

are inserted by Abilab: a blank, two duplicates and one SRM sample. Rock and 

trench samples are crushed (-10 mesh) with a jaw crusher. A 250 to 300-gram 

sub-sample is collected and pulverized (90 percent passing -150 mesh). 


finish on a 50-gram sub-sample. Trench and reverse circulation samples were 

also assayed for gold by fire assay with an atomic absorption finish on a 50gram 

sub-sample. Soil samples were analysed for gold in fifty gram subsamples 

by wet assay (MIBK extraction and atomic absorption finish) and 

arsenic by acid digestion followed by atomic absorption finish also in fifty 

gram sub-samples. 

External quality control samples are routinely inserted with all samples 

submitted for assaying. Quality control samples for soil samples include blanks 

and field duplicates inserted at a rate of approximately five percent. For rock 

samples, quality control samples include blanks and one of three internally 

prepared standards inserted at a rate of approximately five percent. The three 

standards used as control samples were prepared by High River Gold 

personnel from rock material from the Taparko project. Although these control 

samples are not certified, they are considered appropriate for this early stage 

exploration project. 





procedures used by High River Gold. In the opinion of SRK, High River Gold 

and Jilbey used care in the collection and management of field and assaying 

exploration data for the Hounde Group permits. The field procedures and 

assaying protocols generally meet industry best practices for this type of 

reconnaissance exploration project. 












to acquire and manage the exploration data collected on the Hounde Group 

permits generally meet industry best practices and therefore the exploration 

data is reliable. 

Site Visit 

SRK visited the Hounde Group permits on two occasions On February 6 and 7, 

2004, SRK examined several outcrop exposures along access roads located 

within the Tinkiro and Koro permits. At the time of this visit, High River Gold 

and Jilbey had just begun reconnaissance work in the area. 

SRK returned to the Hounde Group properties on February 1, 2006 to examine 

two areas that yielded anomalous gold from rock samplings on the Olongo and 

Loropeni properties. One composite grab sample was collected on the outcrops 

located in the northwest portion of the Olongo property that yielded anomalous 

gold (0.79 gpt gold) from silica-altered Birimian sedimentary rock sampled by 

High River Gold during prospecting (Table 18). 

The verification sample was brought back to Toronto by SRK and submitted to 

ALS-Chemex laboratories in Sudbury with other verification samples for 

assaying, along with three gold certified reference materials samples. All 

samples were assayed for gold and silver by conventional fire assay and 

gravimetric finish using thirty grams charges (method code ME-GRA21). 

Samples were also assayed for a suite of twenty-eight trace elements using a 

multi acid “near total” digestion, hydrochloric acid leach and followed by 

Inductively-Coupled Plasma Atomic Emission Spectrometry (“ICPAES” 

method code ME-ICP61m). Full analytical procedures and assay results are 

presented in Appendix B 





verification samples are satisfactory. 

Partial assay results for the independent samples are presented in Table 18. 

The sample collected by SRK (SRK-GR-08) returned 0.44 gpt gold confirming 

the weakly anomalous gold mineralization of this silica-altered rock unit 

sampled by SRK. 





Table 18. Verification Sample Collected by SRK in February 2006 on the 

Olongo Permit. 


SRK-GR-08 430,205 1,162,748 345 Olongo 


Composite sample of silica-altered rock from the 

outcrops that yielded weak gold mineralization in 

bedrock. 

Table 19. Partial Assay Results* for the Sample Collected by SRK on the Hounde 

Group Permits in February 2006. 

Sample_ID Lab_ID Weigth Au 

Permit 

(kg) (gpt) 

Ag 

(gpt) 

Ag 

(gpt) 

As 

(ppm) 

Ba 

(ppm) 

Cr 

(ppm) 

Cu 

(ppm) 

Mo 

(ppm) 

Ni 

(ppm) 

Pb 

(ppm) 

JFC <strong>Goldrush</strong>_<strong>Resources</strong>_BF_TR_3CG009 000_JFC_20060508.doc March 31, 2006 

S 

(%) 

W 

(ppm) 

Zn 

(ppm) 

SRK-GR-08 SRK-311 1.5 Olongo 0.44




Between 1997 and 1999, Orezone completed extensive soil sampling, 

trenching, 149 reverse circulation boreholes (approx. 6,000 metres), 340 rotary 

air blast boreholes (approximately 3,900 metres) and seven diamond drill holes 

(approximately 1,200 metres) over the project area. During 2000, an additional 

47 reverse circulation boreholes (2,500 metres) were drilled in partnership with 

Delta Gold <strong>Ltd</strong> mostly on the Peksou target. 

Five areas of gold mineralization associated with the Intiédougou Fault Zone 

have been the focus of most of the detailed exploration work. At the A Zone, a 

syenite plug plunging moderately south east was drill tested to a depth of 100 

metres. The auriferous zone has been traced over an area of approximately 

fifty metres by 250 metres. The B zone occurs south of the A Zone and has 

been traced over a strike length of approximately 600 metres. The gold 

mineralization is associated with an 8-metre thick albitite dike dipping fifty 

degrees to the east. At depth, the gold mineralization in both the A and B zones 

is associated with disseminated pyrite mineralization. The C Zone is 

perpendicular to both the A and B Zones and consists of a quartz-rich lode 

system apparently controlled by crosscutting faults. At Peksou, the gold 

mineralization is associated with northwest-trending syenite dikes and is 

similar in character to that of the A Zone. The auriferous zone extends over 

220 metres of strike length. 

The inferred mineral resources on the Golden Hill Permit are estimated at 

157,000 ounces of gold at an average grade of 1.4 grams of gold per tonne. 

(Source: Orezone 2002, Annual <strong>Report</strong> and also available on Orezone 

website). SRK was unable to verify this estimate and this information is not 

necessarily indicative that the gold mineralization present on the Bondigui 

property continues on the properties that are the subject of this technical 

report. 

The Sebedougou permit covers an area of approximately 480 square 

kilometres and is located north of the Golden Hill property. In 1999, fortythree 

reverse circulation boreholes (1,600 metres) were drilled as a follow-up 

to the gold-in-soil anomalies. A two-kilometre long anomaly (Hill Zone) 

loosely associated with the Intiédougou shear zone was investigated with five 

fences of reverse circulation holes. Gold mineralization was associated with a 

quartz vein system in altered and deformed mafic volcanic rock. The best 

result returned 2.1 grams of gold per tonne over an interval of twenty-four 

metres (RCS99-07). In 2000, additional soil samples were collected on the 

northern portion of the permit. 

Exploration work on the Bondigui (“Bondi”) permit was initiated during 1999 

and included soil sampling over two priority areas selected from interpretation 

of airborne magnetic data. The soil geochemistry coverage was completed in 

2000 and 2001. A gold-in-soil anomalous corridor was delineated along the 

contact between the Eastern Volcanic Domain and the Tarkwa sedimentary 

basin. Two large gold-in-soil anomalies were selected for follow-up work. 

Positive trenching results on one of the two targets prompted extensive reverse 

circulation drilling (78 holes totalling more than 5,000 metres) in 2003. This 

work led to the discovery of significant gold mineralization associated 

deformed and altered volcano-sedimentary rocks at Target Area #2. The 

oxide/sulphide auriferous zone has been traced over a strike length of more 





than 800 metres. It varies in thickness from a few metres to over 80 metres and 

was tested to a depth of approximately 80 metres on 50-metre centers. 

Significant assay results include a 29-meter interval in hole BRC057 grading 

an average of 6.4 gpt gold and a 46 metre grading 2.1 gpt gold in hole 

BRC060. By the end of May 2004, 215 holes had been drilled on the Bondigui 

property 136 of which tested the Target Area #2, also known as the Main Zone 

or Bondi Zone 

In November 2004, Met-Chem constructed a mineral resource model for the 

Bondi zone. The mineral resources for the Bondigui project were disclosed in a 

technical report prepared independently from the Issuer by Met-Chem Canada 

Inc. and described in a technical report dated November 2004 and filed on 

Sedar (www.sedar.com). SRK was unable to verify this estimate and this 

information is not necessarily indicative that the gold mineralization 

present on the Bondigui property continues on the properties that are the 

subject of this technical report. Using a three dimensional geostatistical 

approach, an inverse distance estimator and a 0.5 gpt gold cut-off, the 

Indicated Mineral <strong>Resources</strong> were estimated at 1.72 million tonnes grading an 

average of 2.88 gpt gold (163,100 contained ounces of gold) while the Inferred 

Mineral <strong>Resources</strong> were estimated at 0.45 million tonnes grading 2.41 gpt gold 

(34,600 contained ounces of gold). 

Additional drilling was completed in 2005 targeting the lateral extensions of 

the gold resource. 


Reconnaissance work was completed over much of the Hounde Group permits 

in 2004 and 2005. This work has identified several targets warranting followup 

work. An exploration work program is proposed for each permit. This 

program will adequately test the exploration potential of the Hounde Group 

permits. At the conclusion of that program, the exploration potential of the 

area should be re-evaluated. 



Hounde Group permits. 


The Houde Group exploration permits are at an early stage of exploration. The 

reconnaissance work completed to date has not identified gold mineralization 

of sufficient interest or continuity to justify estimating mineral resources. 





8 Other Relevant Data 

SRK is not aware of any other relevant data pertaining to the Burkina Faso 

exploration permits. 

9 Interpretation and Conclusions 

In January 2006, <strong>Goldrush</strong> announced the signature of an agreement with High 

River Gold relative to the acquisition of a group of twenty-two early stage 

exploration permits located in three separate parts of Burkina Faso. 

The exploration projects cover an aggregate area of more than 4,100 square 

kilometres and as a result <strong>Goldrush</strong> becomes an important mineral land owner 

in Burkina Faso. 

The Taparko Group Permits are situated adjacent to the Taparko/Bouroum 

gold deposits where High River Gold has commissioned the construction of an 

open pit mine and mill complex. The Hounde-Kaya Group permits are 

contiguous to several other High River Gold exploration permits, including the 

Bissa-Zandkom permits where a growing near surface oxide gold resource is 

being aggressively explored by High River Gold. The Hounde Belt permits are 

situated to the south of the recent gold discovery at Bondi by Orezone. 

With the exception of the Taranga, Dyakolra and Ninnougou permits, the 

exploration projects acquired by <strong>Goldrush</strong> are mostly at an early stage of 

exploration. 

Reconnaissance work was completed by High River Gold and Jilbey on 

thirteen of the permits. This work involved regional soil geochemistry, 

geological mapping and prospecting, detailed soil geochemistry on ground grid 

systems established to investigate gold-in-soils anomalous areas, limited 

trenching and drilling. A summary of the amount of exploration work 

completed by High River Gold is presented in Table 20. In total, High River 

Gold and Jilbey have invested approximately US$3.3 million in exploration 

work on the subject properties. 

On all other permits, no exploration work was undertaken. These permits are 

therefore considered at a very early stage of exploration and reconnaissance 

type work is warranted. 





Table 20. Summary of Exploration Work Completed on the Burkina Faso Gold 

Exploration Permits by High River Gold and Jilbey During the Period 1997-2005. 

Permit Soil and Rock Sampling Ground Drilling Expenditures 

Name Expiry date Area 400x400 100x100 Rock Geoph. Trench RAB RC Q3 2005 Required Due 

Sq. Km. Samples Samples Samples line Km metres metres metres US$ US$ Date 

Taparko Group 

Birgui-Nabin. May 17, 2006 310.00 2,258 30 3,368 $638,000 -- 

Bougou Aug 07, 2007 72.44 22 5,560 $318,800 -- 

Doumissi Oct 03, 2008 26.27 $2,500 $10,000 Nov-06 

Nomikdou Nov 21, 2006 250.00 1,337 1,626 896 100 $107,000 $260,000 Nov-06 

Taranga Feb 26, 2006 240.00 1,110 4,051 1,612 268 339 15,103 422 $922,000 -- 

Tougouri Nov 21, 2006 250.00 1,474 1,925 451 65 $120,000 $250,000 Nov-06 

Dyakolra $2,000 

Ninnougou $2,000 

Tanpelren $2,000 

Wolé Nov 21, 2006 250.00 1,581 197 $81,000 $285,000 Nov-06 

Karga Nov 23, 2006 250.00 1,623 434 854 100 $99,000 $27,000 Nov-06 

Kindo/Kaya Group 

Kongoussi1 Nov 04, 2007 200.00 $2,000 $195,000 Nov-06 

Tikare Aug 08, 2006 248.00 1,620 7,745 364 915 $240,000 $125,000 Aug-06 

Mané Dec 18, 2008 220.55 $2,000 $106,000 Dec-06 

Noungou Oct 04, 2008 249.78 $2,000 $90,000 Sep-06 

Nahili Sep 11, 2008 187.42 $2,000 $12,000 Oct-06 

Hounde Group 

Bangbara Sep 11, 2008 227.93 $2,500 $109,000 Sep-06 

Tinkiro Mar 01, 2007 83.38 2,286 270 $120,000 $15,000 Mar-07 

Koro Mar 01, 2007 250.00 3,564 640 $200,000 $132,000 Mar-07 

Olongo Mar 01, 2007 250.00 2,085 511 300 $150,000 $132,000 Mar-07 

Tokora Mar 01, 2007 250.00 2,034 396 $122,000 $132,000 Mar-07 

Loropeni Mar 01, 2007 250.00 3,019 808 $210,000 $132,000 Mar-07 

Massamo Sep 07, 2007 37.70 2,236 603 $75,000 $12,000 Sep-06 

total $3,421,800 $2,024,000 





10 Recommendations 

In the opinion of SRK, the character of the Burkina Faso exploration properties 

is of sufficient merit to justify the following exploration program. 

10.1 Recommended Exploration Work Program 

The exploration concept for the Burkina Faso exploration permits is based on 

the recognition that known gold occurrences and deposits in the Birimian rocks 

are associated with prominent shear zones characterized by sulphide 

mineralization, quartz-veining and attendant hydrothermal alteration and are 

typically located at or near major lithological contacts. More specifically it is 

recognized that the fault architecture plays an important role in the location of 

better gold mineralization. The exploration strategy is therefore to identify and 

understand the fault architecture on each permit using a combination of direct 

and indirect exploration tools. Faults and shear zones can be recognized using 

geophysical data and direct field observations. Fertile structures can be 

differentiated from barren ones using prospecting for outcropping gold 

mineralization/alteration and various geochemical sampling techniques 

followed by sub-surface exploration including trenching, pitting and drilling. 

Integration of various datasets allows definition and ranking of exploration 

targets and helps define an exploration road map with clear decision points. 

In Burkina Faso, outcrops are typically scarce. The exploration strategy 

deployed by High River Gold follows a predetermined protocol proven 

effective for gold exploration in this region. Preliminary targets are selected 

from interpretation of available geological and geophysical data. Exploration 

permits are then subject to reconnaissance prospecting, geological mapping 

and regional soil sampling on regional 400-metre grid patterns. Follow-up 

work typically includes additional prospecting, detailed soil sampling on 100metre 

intervals, ground geophysics, trenching and rotary air-blast drilling. The 

most promising targets are subsequently tested by reverse circulation drilling. 

Based on our review of available information, SRK is of the opinion that the 

geological and structural setting the twenty-two exploration permits is of 

sufficient merit to justify the following exploration program that is designed to 

complete the acquisition of reconnaissance geological data over unexplored 

permits, follow-up on results from previous work conducted by High River 

Gold and Jilbey and identify and prioritize targets for structurally-controlled 

orogenic gold mineralization similar to those encountered at Taparko, Bissa 

Hill and Bondi. 

Exploration expenditures incurred on three permits –Birgui-Nabingou, Bougou 

and Taranga – are sufficient keep the permits in good standing for the next two 

years. Excluding these three permits, the aggregate surface area of the 

exploration permits is approximately 3,480 square kilometres. In order to 

maintain the exploration permits in good standing it is estimated that <strong>Goldrush</strong> 





must invest approximately US$2.0 million between March 2006 and March 

2007, unless the surface area of several permits is reduced at their anniversary 

date. 

SRK recommends a work program totalling approximately US$2.7 million 

dollars for the Burkina Faso exploration permits. This work program includes 

essentially reconnaissance type work and a limited amount of rotary air blast 

drilling on the Nomikdou and Tougouri permits. The estimated costs for the 

recommended exploration program are presented in Table 21. 

This is a significant exploration program. New geological and geochemical 

data will be acquired on mostly unexplored regions. It is expected that this 

program will generate a number of exciting targets that will require follow-up 

work. 

The proposed budget includes limited allowances for this follow-up work. 

SRK considers that an unallocated supplementary budget totalling 

approximately US$500,000 is warranted to allow <strong>Goldrush</strong> to accelerate 

follow-up work on the most promising targets generated through the 

reconnaissance program. The follow-up work would include trenching and 

rotary air blast, reverse circulation and core drilling on the most promising 

targets in order to trace gold-in-soil anomalous responses to bedrock. This 

amount would enable <strong>Goldrush</strong> to drill approximately 5,000 metres of 

diamond drilling or approximately 10,000 metres of reverse circulation 

drilling. 

Including the unallocated funds, the total costs for the work program 

recommended by SRK for the Burkina Faso properties is estimated at 

approximately US$3.2 million dollars. 

10.1.1 Recommended Work Program for the Taparko Group 

Permits 

For the Taparko Group exploration permits, SRK recommends a work program 

involving follow-up work on the results of the reconnaissance data acquired by 

High River Gold and Jilbey. The total costs of the recommended work 

program is estimated at $US1.08 millions dollars and include a provision for 

contingencies and corporate administrative charges. 

On the Birgui-Nabingou the three main gold occurrences should be re-visited 

by a structural geologist specialist to evaluate the structural setting of these 

occurrences. Ground geophysical surveying should also cover those areas. The 

total costs are estimated at approximately US$86,000 and include the costs for 

the application of two new permits to replace expiring permits. 

No further work is recommended on the Bougou permit except the 

maintenance costs of the permit and charges required for filing a new 

application for a new permit in August 2006, when the current permit expires. 





Table 21: Recommended Exploration Budget for the Taparko, 

Kindo-Kaya and Hounde Groups Exploration Permits, Burkina Faso. 

Description Taparko Kindo Kaya Hounde Total 

Personnel 

Geologist $27,500 $16,000 $16,000 $33,000 $92,500 

Prospectors $14,500 $13,000 $16,000 $24,000 $67,500 

Drivers $8,000 $5,000 $6,000 $8,000 $27,000 

Cooks $5,000 $2,000 $3,000 $5,000 $15,000 

Labour trenching $16,000 $0 $0 $42,000 $58,000 

Labour geochemistry $18,000 $23,000 $31,000 $22,000 $94,000 

Labour line cutting $15,000 $15,000 $0 $14,000 $44,000 

Labour drilling $8,000 $0 $0 $0 $8,000 

Labour other $7,000 $0 $0 $15,000 $22,000 

Social charges $4,000 $2,000 $3,000 $5,000 $14,000 

Field Costs 

Room $0 $2,000 $3,000 $0 $5,000 

Camp supplies $12,000 $4,000 $6,000 $11,000 $33,000 

Food $17,000 $10,000 $9,000 $22,000 $58,000 

Utilities $4,000 $2,000 $0 $2,000 $8,000 

Fuel (trucks, generator) $22,000 $10,000 $13,000 $27,000 $72,000 

Truck rental $35,000 $19,000 $23,000 $47,000 $124,000 

Truck maintenance $0 $0 $0 $0 $0 

Samples transportation $0 $0 $0 $0 $0 

Supplies transportation $0 $0 $0 $0 $0 

Field Supplies 

Off/computer $0 $0 $0 $0 $0 

Trenching supplies $4,000 $0 $0 $10,000 $14,000 

Documentation $0 $0 $0 $0 $0 

Geological supplies $0 $5,000 $6,000 $9,000 $20,000 

Geophysical supplies $23,000 $0 $0 $9,000 $32,000 

Line cutting supplies $8,000 $5,000 $0 $7,000 $20,000 

Drilling supplies $8,000 $0 $0 $0 $8,000 

Geochemistry supplies $9,000 $10,000 $13,000 $13,000 $45,000 

Safety supplies $0 $0 $0 $0 $0 

Maintenance/repairs $2,000 $0 $0 $0 $2,000 

Rental material/tools $0 $0 $0 $0 $0 

Contracting 

Excavating (backhoe) $0 $0 $0 $0 $0 

Excavating (hand dug) $0 $0 $0 $0 $0 

Diamond drilling $0 $0 $0 $0 $0 

RC drilling $0 $0 $0 $0 $0 

RAB drilling $146,000 $0 $0 $0 $146,000 

Water truck $0 $0 $0 $0 $0 

Bulldozer $0 $0 $0 $0 $0 

Geology contractors $21,000 $0 $0 $0 $21,000 

Geophysics contractors $19,000 $0 $0 $90,000 $109,000 

Surveying $12,000 $0 $0 $0 $12,000 

Assaying trenching $20,000 $0 $0 $39,000 $59,000 

Assaying $87,000 $0 $0 $0 $87,000 

Analyses $67,000 $29,000 $41,000 $45,000 $182,000 

Assaying $6,000 $36,000 $30,000 $22,000 $94,000 

Other expenses and Administration $0 

Telephone/fax/internet $0 $2,000 $0 $4,000 $6,000 

Surface taxes $16,000 $4,000 $3,000 $15,000 $38,000 

$10,000 $21,000 $18,000 $55,000 $104,000 

Administration Ouagadougou $66,000 $21,000 $18,000 $55,000 $160,000 

Follow-up Work Contingency $189,000 $85,000 $75,000 $30,000 $379,000 

Expatriate Travel and Accommodation 

Travel & Accommodation $10,000 $10,000 $0 $10,000 $30,000 

sub-total $936,000 $351,000 $333,000 $690,000 $2,310,000 

Miscellaneous Charges 

Contingency (5%) $46,800 $17,550 $16,650 $34,500 $115,500 

Corporate administration (10%) $93,600 $35,100 $33,300 $69,000 $231,000 

Total $1,076,400 $403,650 $382,950 $793,500 $2,656,500 

Unallocated Funds for Accelerated Follow up on Promising Targets $500,000 

Grand total $3,156,500 





On the Doumissi permit, the western extension of Tougouri anomaly A1 

should be thoroughly prospected and mapped at a scale of 1:5,000. The 

gradient induced polarization array proposed for the Tougouri permit should 

be expanded to cover the strike extension of the A1 target on the Doumissi 

permit. Total costs of the recommended program are estimated at US$20,000. 

On the Nomikdou Zeguedeguin grid the spacing of the current soil sampling 

data should be reduced to fifty by twenty-five metres (3,950 samples) in 

sectors Z1, Z2 and Z3. The total cost of this recommended program is 

estimated at approximately US$210,000. 

Significant exploration work on the Taranga permit resulted in the delineation 

of broad gold-in-soils anomalies and erratic gold mineralization in bedrock 

associated with deformed rocks and quartz veining. In this context, the 

structural setting of the Taranga permit should be investigated by a structural 

geologist specialist to ascertain the controls on the distribution of the known 

gold occurrences and guide further exploration work in this area. Such work is 

estimated at approximately US$15,000. The southeast quadrant of the permit 

remains unexplored and warrants investigation. This area should be mapped 

and soil samples should be collected to complete the coverage of 

reconnaissance data on the Taranga permit. The total costs of the proposed 

program are estimated at approximately US$153,000. 

On the Tougouri permit, it is recommended to extend the detailed soil 

sampling on the A1 anomaly toward the southwest over an area measuring 

approximately 1.0 by 1.5 kilometres (approximately 170 samples). The current 

soil data on 100 metre centres should be infilled to 25 by 50 metres over the 

south-eastern part of the grid between the base line and section line 1500S 

(approximately 2,830 samples). Ground magnetic and gradient induced 

polarization data should be acquired on approximately forty line kilometres. 

Approximately 1,000 metres of trenching should investigate the gold-in-soil 

targets and geophysical targets, followed by fences of rotary air blast drilling 

(approximately 3,000 metres) to find the roots of the soil geochemical 

anomalies. The estimated cost of this program is estimated at approximately 

US$220,000. 

On the Dyakolra and Ninnougou permits, follow-up work is recommended on 

Area #7 and Area #8. Each area should be investigated by a structural 

geologist specialist to ascertain the structural setting of the gold-in-soil 

anomalies followed by rotary air blast and reverse circulation drilling. The 

total costs for the recommended work program are estimated at US$106,000 

and US$110,000, respectively. Verification of regional gold anomalies 

occurring on the Tanpelren permit area is necessary at an estimated cost of 

US$15,000. A contingency of US$45,000 is also included to allow quick 

follow-up work. 

On the Wole permit, the area of the old BUMIGEB trench should be 

thoroughly prospected and mapped at a scale of 1:5,000. Two seventy-five 

metre long trenches should be excavated on either side of the old trench. This 

program is estimated to cost approximately US$15,000. 





The Karga permit should be reassessed for its potential for base metal 

mineralization. All available data should be reconsidered and field 

investigations should be undertaken to assess the geological setting of this 

permit for volcanogenic massive sulphide deposits. Approximately US$8,000 

is estimated sufficient to review existing data. 

10.1.2 Recommended Work Program for the Kindo-Kaya Group 

Permits 

For the Kindo-Kaya Group permit, the work program proposed by SRK is 

designed to acquire reconnaissance exploration data over four unexplored 

permits: Kongoussi 1, Mane, Noungou and Nahili. The proposed program also 

includes additional work on the Tikare permit to follow-up on the results of the 

previous programs. 

For the Tikare permit, it is recommended to infill the soil sampling data around 

the Kilou area to 100 metres (1,660 samples). In this area, the bedrock 

outcrops well. The Kilou occurrence should be carefully mapped at a scale of 

1:5,000, with special emphasis on structural patterns relating to the known 

gold occurrences associated with quartz veining. The cost of the proposed 

program is estimated at approximately US$125,000. Furthermore, it is 

recommended to reduce the size of the permit by dropping the southwest 

portion, which yielded discouraging results from the reconnaissance program. 

For the Kongoussi 1, Mane, Noungou and Nahili, the proposed program 

involves acquiring reconnaissance data over the entire surface area of the 

permits. Bedrock and geomorphic geology of the permits should be mapped at 

a scale of 1:20,000. Soils samples (approximately 5,710 samples) should be 

systematically collected on nominal 400 metre spacings. The costs of the 

recommended program are estimated at US$195,000, US$105,000, 

US$120,000 and US$90,000 respectively for the Kongoussi, Mane, Noungou 

and Nahili permits. 

10.1.3 Recommended Work Program for the Hounde Group Permits 

On the Loropeni permit, it is recommended to follow-up on the gold-in-soil 

and bedrock targets by setting up ground grids (twenty square kilometres) over 

the three target areas and acquiring ground geophysical data (130 line 

kilometres of magnetic and induced polarisation survey). The grids should be 

mapped at a scale of 1:5,000. Subsequently, the surface targets should be 

investigated with approximately 500 metres of trenching on each target area. 

Total costs are estimated at approximately US$160,000. 

Essentially the same work program is recommended for the Tokora and 

Olongo permits focussing on the strongly busy soil geochemical signals 

detected in the western portions of each permit. On Olongo, a four-squarekilometre 

grid should be set up over the two principal targets and subsequently 

mapped at a scale of 1:5,000 and surveyed with approximately forty line 





kilometres of ground geophysics (magnetic and induced polarisation). On the 

Tikare permit, it is proposed to set up approximately fourteen-square-kilometre 

grid lines followed by ground geophysics (100 line kilometres of magnetic and 

induced polarisation survey). Approximately 500 metres of trenching is also 

included to investigate the best targets. The total costs of this program are 

estimated at US$95,000 and US$120,000, respectively. 

On the Koro permit, it is recommended to follow-up on the gold-in-soil 

anomalies underlain by Tarkwa group rocks with infill soil sampling on 100 

metre centres (approximately 1,440 samples), followed by detailed mapping 

and prospecting. In the southwest portion of the permit, the spacing of the soil 

sampling data should be reduced to 100 metres to refine the definition of the 

gold-in-soil and arsenic-in-soil anomalies (approximately 520 samples). The 

five strong isolate gold-in-soil anomalies located in the northwest portion of 

the permit should be investigated with additional soil sampling on 100-metre 

centres. The total costs of this program are estimated at approximately 

US$85,000. 

On the Tinkiro permit, the regional gold-in-soil anomalies should be 

investigated with additional soil samplings at 100 metre spacing 

(approximately 600 samples). This area should also be mapped at a scale of 

1:5,000. The estimated costs of this program are approximately US$35,000. 

On the Massamo permit, infill soil sampling is recommended on fifty metre 

centres (approximately 400 samples) to confirm the few isolated gold-in-soil 

anomalies detected during the regional program. The surrounding areas should 

also be thoroughly prospected. The budget cost of this program is estimated at 

approximately US$20,000. 

Finally on the Bangbara permit, it is proposed to cover the entire permit with 

soil samplings at a nominal 400-metre spacing (approximately 1,530 samples). 

The north-western portion of the permit should be mapped at a scale of 1:5,000 

and thoroughly prospected. This area represents the western extension of 

strong gold and arsenic in soils on the Olongo permit. A provision of 

approximately US$30,000 is included to allow for follow-up work on the 

results of the regional sampling program. The costs of this program are 

estimated at approximately US$110,000. 





11 References 

Castaing, C., Billa, M, Milesi, J.P., Thhieblemont, D., Le Metour, J., Egal, E., 

Donzeau, M., Guerrot, C., Cocherie, A., Chevremont, P., Tegyey, M., Itard, Y., 

Zida, B., Ouedraogo, C., Ki, J.C. and Zunico, C., 2003. Notice explicative de la 

Carte géologique et minière du Burkina Faso à 1/1 000 000, Ministèe des 

carrières des mines et de l’énergie, Burkina Faso, 148 pages. 

Couture, J.F., 2004. <strong>Independent</strong> <strong>Technical</strong> <strong>Report</strong> on Gold Exploration Permits, 

Burkina Faso. <strong>Technical</strong> <strong>Report</strong> prepared by SRK Consulting (Canada) Inc. for 

Jilbey Gold Explorations <strong>Ltd</strong>. SEDAR Public File, 117 pages plus appendices. 

Couture, J.F., and Michaud, M., 2003. <strong>Independent</strong> <strong>Technical</strong> <strong>Report</strong> on Taranga and 

Nongo-Fayere Exploration Permits, Brkina Faso. <strong>Technical</strong> <strong>Report</strong> prepared by 

SRK Consulting (Canada) Inc. for Jilbey Gold Exploration <strong>Ltd</strong>. SEDAR Public 

File, 44 pages, plus appendices. 

Couture, J.F., and Wahl, G.H., 2004.Ressource Estimation of the Bissa Hill Gold 

Deposit, Burkina Faso. <strong>Technical</strong> <strong>Report</strong> prepared by SRK Consulting (Canada) 

Inc. for Jilbey Gold Exploration <strong>Ltd</strong>. SEDAR Public File, 84 pages, including 

appendices. 

<strong>Goldrush</strong> <strong>Resources</strong> Limited, 2006. News Release dated February 14, 2006 providing 

an update on the agreement with High River Gold Mines <strong>Ltd</strong>. 

Herts, B., 2002. Summary Review of Geology and the Mineral <strong>Resources</strong> and of the 

Essakan Block of Permits, Burkina Faso. <strong>Technical</strong> report prepared by A.C.A. 

Howe, International <strong>Ltd</strong> for Orezone <strong>Resources</strong> Inc., SEDAR Public File, 64 

pages. 

High River Gold Mines Limited, 2006. News Release announcing the signature of a 

strategic alliance agreement with <strong>Goldrush</strong> <strong>Resources</strong> Limited. 

Ministère des mines, des carrières et de l’énergie, 2003. Arrêté numéro 2003/03- 

040/MCE/SG/DGMGC/SCGTMC portant octroi d’un permis de recherche 

« Birgui-Nabingou » à la société minière High River Gold Mines (West Africa) 

<strong>Ltd</strong>. Dated July 18, 2003. 


066/MCE/SG/DGMGC portant octroi d’un permis de recherche « Bougou » à la 

société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. Dated July 11, 2005. 


0112/MCE/SG/DGMGC portant octroi d’un permis de recherche « Dousmissi » 

à la société minière Jilbey Gold Exploration <strong>Ltd</strong>. Dated October 4, 2005. 



« Nomikdou » à la société minière Jilbey Gold Exploration <strong>Ltd</strong>. Dated 

November 21, 2003. 



« Taranga » à la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. 

Dated February 27, 2003. 







« Tougouri » à la société minière Jilbey Gold Exploration <strong>Ltd</strong>. Dated November 

21, 2003. 



« Wolé » à la société minière Jilbey Gold Exploration <strong>Ltd</strong>. Dated November 21, 

2003. 



« Karga » à la société minière Jilbey Gold Exploration <strong>Ltd</strong>. Dated November 

24, 2003. 


159/MCE/SG/DGMGC portant octroi d’un permis de recherche « Kongoussi 

1 » à la société minière Kindo Adama (SOMIKA). Dated November 5, 2004. 


064/MCE/SG/DGMGC portant octroi d’un permis de recherche « Tikare » à 

monsieur Kindo Adama. Dated August 8, 2003. 


001/MCE/SG/DGMGC portant octroi d’un permis de recherche « Mane » à la 

société minière Jilbey Burkina Sarl. Dated January 18, 2006. 


113/MCE/SG/DGMGC portant octroi d’un permis de recherche « Noungou » à 

la société minière Jilbey Burkina Sarl. Dated October 4, 2005. 


093/MCE/SG/DGMGC portant octroi d’un permis de recherche « Nahili » à la 

société minière Jilbey Burkina Sarl. Dated September 12, 2005. 


091/MCE/SG/DGMGC portant octroi d’un permis de recherche « Bangbara » à 

la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. Dated September 

12, 2005. 

Ministère des mines, des carrières et de l’énergie, 2004. Arrêté numéro 

2004/000048/MCE/SG/DGMGC portant octroi d’un permis de recherche 

« Tinkiro » à la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. 

Dated March 2, 2004. 



« Koro 1 » à la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. 



0047/MCE/SG/DGMGC portant octroi d’un permis de recherche « Olongo » à 

la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. Dated March 2, 

2004. 



« Tokora » à la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. 




« Loropeni I » à la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. 







2004/00/118/MCE/SG/DGMGC portant octroi d’un permis de recherche 

« Massamo » à la société minière High River Gold Mines (West Africa) <strong>Ltd</strong>. 

Dated September 8, 2004. 

Saucier, G. and Buchanan, M.J., 2005. Mineral resource Estimation on the Bondi Gold 

Project. <strong>Technical</strong> <strong>Report</strong> prepared by Met-Chem Canada Inc. for Orezone 

<strong>Resources</strong> Inc. SEDAR Public File, 113 pages. 

SRK Consulting, 2000. Resource Estimate and Preliminary Pit Optimization for the 

Taparko Project, Burkina Faso, West Africa. <strong>Report</strong> prepared for High River 

Gold Mines <strong>Ltd</strong> and available on SEDAR. 198 pages. 

Strathcona Mineral Services <strong>Ltd</strong>. 2001. Review of the Taparko Project, Burkina Faso. 

High River Gold Mines <strong>Ltd</strong>, Unpublished report. 

Vanin, D. Michaud, M. and Thalenhorst, H., 2003. Taparko-Bouroum Project, Burkina 

Faso, High River Gold Mines <strong>Ltd</strong>. 43-101 F1 <strong>Technical</strong> <strong>Report</strong> SEDAR 

Public File, 153 pages. 





APPENDIX A 

Copies of Orders from the 

Ministère des mines, des carrières et de l’énergie of Burkina Faso, 

granting the subject exploration permits. 

















































































































































































































































APPENDIX B 

Analytical Results of Verification Samples Collected by SRK 

During Site Visits to the Subject Exploration Permits 

In February 2006. 





Assaying procedures 

All samples collected by SRK during a site visit to the subject exploration 

projects remained in the custody of SRK until their delivery by SRK to ALS- 

Chemex laboratory in Sudbury, Ontario, Canada. A suite of pulverized gold 

Standard Reference Material was inserted in the sample stream prior to their 

submission to the assay laboratory. All samples were assayed for gold, silver 

and a suite of trace elements. Gold and silver have been assayed by 

conventional fire assay fusion with a 30 grams sub-sample with gravimetric 

finish (method code: Au-AgGRA21). A suite of 28 trace elements (method 

code: ME-ICP61m) were assayed by Inductively Coupled Plasma Mass 

Spectroscopy (“ICP-MS”) with multi-acid digestion and Atomic Emission 

Spectrometry (“AES”). Mercury was assayed by Quantitative Low Detection 

Atomic Absorption Spectrometry (“AAS”). Analytical results are presented 

below. 





















CERTIFICATE AND CONSENT 

To Accompany the <strong>Independent</strong> <strong>Technical</strong> <strong>Report</strong> on 

Gold Exploration Permits, Burkina Faso 

I, Jean-François Couture, residing at 59 Tiverton Avenue in Toronto, Ontario do hereby 

certify that: 

1) I am a Principal Geologist with the firm of SRK Consulting (Canada) Inc. (SRK) with an 

office at Suite 1000, 25 Adelaide Street East, Toronto, Canada; 

2) I am a graduate of the Université Laval in Quebec City with a BSc. in Geology in 1982, I 

obtained a MSc.A. in Earth Sciences and a Ph.D. in Mineral <strong>Resources</strong> from Université du 

Québec à Chicoutimi in 1986 and 1994, respectively. I have practiced my profession 

continuously since 1982; 

3) I am a fellow with the Geological Association of Canada and a Professional Geoscientist 

registered with the Association of Professional Geoscientists of the province of Ontario 

(APGO#0197); 

4) I an have not received, nor do I expect to receive, any interest, directly or indirectly, in the 

subject exploration permits or securities of <strong>Goldrush</strong> <strong>Resources</strong> <strong>Ltd</strong> or High River Gold 

Mines <strong>Ltd</strong>.; 

5) That, as of the date of this certificate, to the best of my knowledge, information and belief, 

this technical report contains all scientific and technical information that is required to be 

disclosed to make the technical report not misleading; 

6) I have read National Instrument 43-101 and Form 43-101F1 and I am a Qualified Person 

for the purpose of NI 43-101 and this technical report has been prepared in compliance 

with National Instrument 43-101 and Form 43-101F1; 

7) I, as the qualified person, am independent of the issuer as defined in Section 1.4 of 

National Instrument 43-101; 

8) I have authored all the sections of this report; 

9) I have personally inspected the subject Burkina Faso exploration permits during three site 

visits conducted from August 2 to August 5, 2003, February 1 and 10, 2004 and again 

from January 27 to February 4, 2006; 

10) SRK Consulting (Canada) Inc. was retained by <strong>Goldrush</strong> resources <strong>Ltd</strong>. to prepare an 

independent report for several Burkina Faso Exploration Permits in accordance with 

National Instrument 43-101. The preceding report is based on our review of project files 

and discussions with High River Gold Mines <strong>Ltd</strong>. Personnel; 

11) I hereby consent to use of this report for submission to any Provincial regulatory authority. 

Toronto, Canada Jean-François Couture, Ph.D, P.Geo. 

March 31, 2006 Principal Geologist

Goldrush Resources Ltd. Independent Technical Report on Gold ...

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