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Rye Patch Gold Corp. Doubles Wilco Gold Resource
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Vancouver, British Columbia, September 6, 2007 - Rye Patch Gold Corp
(TSX-V: RPM) ("Rye Patch Gold" or the "Company") announces that Mine
Development Associates (MDA) of Reno, Nevada have completed the Willard
Mine area gold resource estimate which doubles the combined indicated
and inferred Wilco property gold resource. The combined indicated
resource of 8,640,000 tons grading 0.027 opt Au for 240,000 oz Au, and
combined inferred resource estimate of 3,300,000 tons for 130,000 oz of
Au grading 0.037 opt Au represents a 118% increase over the previously
reported Colado resource (see June 21, 2007 prospectus). The Colado
and Willard resource estimates use various cutoffs for oxide and
sulfide gold content. A summary, by deposit area, is tabulated below:
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Colado - Classified Resource Summary
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Cutoff Indicated Inferred
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oz Au/t Tons oz Au/t oz Au Tons oz Au/t oz Au
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0.005 39,810,000 0.012 480,000 17,270,000 0.009 160,000
0.010 18,850,000 0.018 340,000 6,360,000 0.014 90,000
0.015 7,680,000 0.027 210,000 1,340,000 0.023 30,000
0.020 4,810,000 0.034 160,000 670,000 0.030 20,000
variable(i) 4,750,000 0.032 150,000 660,000 0.027 20,000
0.025 3,350,000 0.039 130,000 400,000 0.035 10,000
0.030 2,350,000 0.044 100,000 240,000 0.040 10,000
0.035 1,680,000 0.048 80,000 150,000 0.045 7,000
0.040 1,210,000 0.053 60,000 100,000 0.050 5,000
0.045 880,000 0.057 50,000 60,000 0.054 3,000
0.050 590,000 0.061 40,000 40,000 0.061 2,000
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(i) Reported resource; based on 0.015 oz Au/t cut-off for oxide material
and 0.03 oz Au/t cut-off for sulphide material.
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Willard - Classified Resource Summary
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Cutoff Indicated(i) Inferred(i)
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oz Au/t Tons oz Au/t oz Au Tons oz Au/t oz Au
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0.005 6,030,000 0.017 100,000 18,050,000 0.017 300,000
0.010 3,890,000 0.022 90,000 11,760,000 0.022 260,000
variable(ii) 3,890,000 0.022 90,000 2,640,000 0.040 110,000
0.015 2,550,000 0.028 70,000 7,690,000 0.027 210,000
0.020 1,710,000 0.033 60,000 4,720,000 0.034 160,000
0.025 1,180,000 0.039 50,000 3,060,000 0.040 120,000
0.030 810,000 0.044 40,000 2,150,000 0.046 100,000
0.035 520,000 0.051 30,000 1,450,000 0.053 80,000
0.040 360,000 0.057 20,000 1,080,000 0.058 60,000
0.045 240,000 0.064 20,000 820,000 0.063 50,000
0.050 180,000 0.071 10,000 600,000 0.069 40,000
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(i) All sulphide material classified as Inferred
(ii) Reported resource; based on 0.01 oz Au/t cut-off for oxide
material
and 0.03 oz Au/t cut-off for sulphide material.
The foregoing Colado and updated Willard resource estimate was prepared
by Steven Ristorcelli, P.Geo. and Paul Tietz, C.P.Geo, both of MDA.
The 43-101 updated Wilco project technical report will be posted on
SEDAR at www.sedar.com on or before September 30, 2007.
It is important to note, the new resource estimate does not include
data from Rye Patch Gold's on-going 2007 phase 1 drilling campaign.
This drill program will be completed at the end of September with final
results from the initial drillholes expected in mid-September.
"The Wilco project continues to show promising upside with this
increase in gold resources. Our exploration plans continue to focus on
identifying high-grade, gold-bearing structures; expanding the Colado
and Willard gold resources; and making a new gold discovery on the
Wilco project. The phase 1 drilling program is intersecting altered
siltstone lithologies with quartz veined structural zones as predicted
in our geologic model. At present, our assay results are pending, but
I believe the gold results will continue to achieve our stated
objectives on the Wilco project."
"In a short period of time, Rye Patch Gold has initiated a major
(30,000 ft.) drill program, acquired a second resource based project -
Jessup, and completed an update of the Wilco project gold resource.
These achievements could not have been accomplished without our
experienced, dedicated and resourceful geologic and support teams. All
of these milestones lay the solid foundation and corner stones that
support a value generating resource based company", stated William C.
(Bill) Howald, the Company's CEO and President.
The reported gold resource estimates are based on 3-D geologic models
that incorporated over 26,000 individual assays from 517 reverse
circulation and 7 core drillholes -- 346 reverse circulation and 4 core
drillholes in Willard and 171 reverse circulation and 3 core drillholes
in Colado. Block model grades were interpolated from ten-foot
down-the-hole composites using ordinary kriging. High grade outliers at
Colado were capped prior to compositing based on a statistical review
of the gold assays. No capping was required at Willard.
MDA classified the Colado and Willard resources by a combination of
distance to the nearest sample, the number of samples, and number of
holes used to estimate a block, while also taking into account project
history, database quality, sample integrity and geologic understanding.
Drilling on the Wilco project continues with one Eklund reverse
circulation drill rig and one Major Drilling core drill. The assay
results of the phase 1 Wilco drill program are pending at this time.
When received the assay data will be incorporated into a year end
resource update for the Colado and Willard resource areas. A Willard
and Colado resource update is anticipated in the 1st quarter of 2008.
MDA is completing a 43-101 compliant technical report for the Jessup
project. The technical report and revised resource estimate should be
completed early in the 4th quarter of 2007.
Dr. Radu Conelea, AIPG Certified Professional Geologist #06871, the
Company's Chief Geologist, is the Qualified Person as defined under
National Instrument 43-101 responsible for the scientific and technical
work on the exploration program and is responsible for reviewing the
technical disclosure in this press release.
Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company
building a sizeable inventory of gold assets in the mining friendly
state of Nevada, USA. The Company's seasoned management team is
engaged in acquisition, exploration and development of quality
resource-based gold deposits. Rye Patch Gold is developing its primary
asset -- the advanced-stage Wilco project located within the Humboldt
Gold Trend in west-central Nevada, and now has acquired the Jessup
project in Churchill County, Nevada.
On behalf of the Board of Directors
'William Howald'
William C. (Bill) Howald, CEO & President
For additional information contact:
Jon Ruby
The Buick Group
jruby@buickgroup.com
Phone: 1-877-748-0914
Rye Patch Gold Corp.
info@ryepatchgold.com
Phone: 604-638-1588
Fax: 604-638-1589
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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Copyright (c) 2007 RYE PATCH GOLD CORP. (RPM) All rights reserved.
For more information visit our website at http://www.ryepatchgold.com/
or send mailto:info@ryepatchgold.com
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