Chart usGOLD   Chart usSILVER  
 
Food for thought
Economics is extremely useful as a form of employment for economists
.  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1366.00-2.70
Silver 21.60-0.11
Platinum 1433.00-3.00
Palladium 704.80-5.00
WORLD MARKETS
DOWJONES 15318132
NASDAQ 348230
NIKKEI 13268260
ASX 4795-10
CAC 40 3861-3
DAX 823014
HUI 255-7
XAU 1030
CURRENCIES (€)
AUS $ 1.4130
CAN $ 1.3692
US $ 1.3391
GBP (£) 0.8563
Sw Fr 1.2314
YEN 127.5420
CURRENCIES ($)
AUS $ 1.0555
CAN $ 1.0223
Euro 0.7468
GBP (£) 0.6395
Sw Fr 0.9195
YEN 95.2330
RATIOS & INDEXES
Gold / Silver63.24
Gold / Oil13.87
Dowjones / Gold11.21
COMMODITIES
Copper 3.160.00
WTI Oil 98.480.04
Nat. Gas 3.910.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
( 0 vote, 0/5 ) Print article
     
Tweet
NEWS RELEASE
No. 08 - 25

Rye Patch Gold Drills 36.6 Metres Grading 1.95 G/T Au In New Gold Zone At Wilco

Vancouver, British Columbia, October 30, 2008 - Rye Patch Gold Corp (TSX-V: RPM, and OTC: RPMGF) ("Rye Patch" or the "Company") is pleased to release the third set of gold assay results from its phase-2 drill program on the Wilco project. The phase-2 program was completed on October 4, 2008, with a total of 9,841 metres (32,290 feet) in 39 reverse circulation drillholes. The Wilco drillhole results are continuing to return significant gold assays from the Willard Mine area as well as higher grade assays from a new target -- North Basin. Table 1 summarizes significant drill interval results for WR-071 to WR-081 using a 0.34 g/t (0.01 opt) gold cutoff for intervals greater than 3 metres (10 feet).

TABLE 1: WILCO PROJECT - 2008 REVERSE CIRCULATION DRILL PROGRAM
(WR-071 to WR-081)

Drillhole

Target

Au

Drillhole interval

From

To

TD

Area

g/tonne

metres

metres

metres

(metres)

WR-071

Section Line

0.38

3.0

88.4

91.4

167.6

WR-072

Section Line

0.38

3.0

153.9

157.0

213.4

WR-072

Section Line

0.58

9.1

164.6

173.7

WR-073

Section Line

1.03

3.0

135.6

138.7

254.5

WR-073

Section Line

1.51

21.3

157.0

178.3

WR-074

Section Line

0.34

6.1

125.0

131.1

202.7

WR-074

Section Line

1.95

16.8

137.2

153.9

WR-075

Section Line

0.41

3.0

178.3

181.4

202.7

WR-076

Section Line

0.55

4.6

204.2

208.8

254.5

WR-076

Section Line

0.38

3.0

230.1

233.2

WR-076

Section Line

0.72

3.0

239.3

242.3

WR-077

Section Line

0.34

9.1

65.5

74.7

289.6

WR-077

Section Line

0.82

3.0

125.0

128.0

WR-077

Section Line

2.09

4.6

147.8

152.4

WR-077

Section Line

0.72

3.0

246.9

249.9

WR-077

Section Line

2.26

4.6

271.3

275.8

WR-078

Section Line

0.51

10.7

184.4

195.1

385.6

WR-078

Section Line

1.99

3.0

333.8

336.8

Including

3.87

1.5

335.3

336.8

WR-078

Section Line

0.41

3.0

359.7

362.7

WR-079

Section Line

0.75

13.7

173.7

187.5

324.6

WR-079

Section Line

0.51

7.6

234.7

242.3

WR-079

Section Line

0.62

6.1

249.9

256.0

WR-079

Section Line

1.17

12.2

260.6

272.8

WR-079

Section Line

0.96

12.2

275.8

288.0

WR-080

Section Line

0.41

6.1

190.5

196.6

327.7

WR-080

Section Line

0.69

13.7

204.2

217.9

WR-080

Section Line

1.17

3.0

257.6

260.6

WR-081

North Basin

0.55

4.6

140.2

144.8

385.6

WR-081

North Basin

0.38

3.0

164.6

167.6

WR-081

North Basin

0.51

3.0

275.8

278.9

WR-081

North Basin

1.82

3.0

336.8

339.9

Including

3.50

1.5

336.8

338.3

WR-081

North Basin

1.95

36.6

341.4

378.0

Including

4.80

3.0

353.6

356.6

Including

3.67

9.1

359.7

368.8

WR-081

North Basin

0.38

3.0

382.5

385.6


NSV = No Significant Values

Drillholes WR-071 through WR-080 are step-out drilling within the Section Line discovery area following the east-west trend of the gold zones. The drillholes have stepped off known gold mineralisation from 50 metres (150 feet) to 300 metres (1,000 feet). WR-081 was drilled on a new target and shows higher grade gold mineralisation over a significant drill interval.

Drillhole WR-081 followed up on significant alteration identified in drillhole WR-079 and confirms gold mineralisation continues to the north in to a new area designated the North Basin target. The untested North Basin target is defined by an area covering 500 metres (1,500 feet) north-south by 300 metres (1,000 feet) east-west, and has potential to be a significant new discovery on the Wilco property as indicated by the results of drillhole WR-081 (36.6 metres grading 1.95 g/t Au). Drillholes WR-082 and WR-087 encountered similar thicknesses of quartz stockwork alteration as in WR-081. The distribution and alteration indentified in these three drillholes suggest a blanket of quartz stockwork above porphyry system, and the alteration dimensions are commensurate with a porphyry-style target. Based on the distribution of known gold mineralisation on the Wilco property, the North Basin target may represent the center of the gold system. At this time, assay results for WR-082 and WR-087 are pending.

All drillholes intercepted significant gold mineralisation in the Section Line area. WR-073 and WR-074 demonstrate the Section Line discovery is open and continues with significant strength and thickness to the west along the crest of the fold (anticline) structure. WR-079 shows the gold zones are open to the north toward the North Basin target. WR-079 and WR-081 show gold mineralisation is connected between the Section Line and North Basin areas.

Based on the new Wilco drilling, management anticipates an increase in the Wilco resource estimate. The Company plans an update of the Wilco resource estimate in early 2009.

"The Wilco project continues to outperform our expectations. Drillhole WR-081 in the North Basin target opens up a brand new area with a new gold model that could be the next wave of discovery for Nevada gold deposits. The potential presence of a large gold porphyry system at Wilco could be a game changer for the district," stated Rye Patch's CEO and President, William C. (Bill) Howald.

The drill programs are now complete at Wilco, Jessup and the follow-up drill program at Lincoln Hill - 1,000 metres to expand on the recently released results of 21.3 metres grading 27.16 g/t gold including an interval of 7.6 metres grading 75.44 g/t gold. The Company will report additional drill results for Wilco, Jessup and Lincoln Hill projects through the end of the year.

The Company released assay results for WR-049 to WR-059 and WR-060 to WR-070 on September 17, 2008, and October 15, 2008, respectively. A map showing the drillhole locations is available on the Company's website at www.ryepatchgold.com. Rye Patch holds the Wilco project pursuant to the terms of a lease and sublease with Newmont Mining Corporation.

As released on the Company's Wilco project on May 12, 2008, and on the Jessup project in December 11, 2007, Rye Patch Gold now holds 779,517 ounces of gold and gold equivalent in the measured and indicated category plus 1,151,776 ounces of gold and gold equivalent in the inferred category. The table below summarizes the resources for Rye Patch Gold's advance-stage projects.

Table 2: Rye Patch Gold�s NI43-101 Gold Resource Inventory

Property

Resource
Category1

Tons
(X 1,000)

Gold
Grade
opt

Silver
Grade
opt

Contained
Gold
Ounces

Contained
Silver
Ounces

Contained
Gold & Gold Equiv.
Ounces3

Wilco2

Measured
Indicated
Inferred

8,091
32,950
99,978

0.018
0.015
0.011

NC
NC
NC

146,701
478,816
1,124,776

NC
NC
NC

146,701
478,816
1,124,776

Jessup2

Measured
Indicated
Inferred

0
5,423
1,265

0
0.022
0.017

0
0.31
0.23

0
120,000
22,000

0
1,655,000
286,000

0
154,000
27,000

Total Measured Resources
Total Indicated Resources
Total Inferred Resources

146,701
598,816
1,146,776

0
1,655,000
286,000

146,701
632,816
1,151,776


1 Conforms to 43-101 definitions for resources. All numbers are rounded.
2 Cutoff grade for Willard Measured and Indicated resource is reported at 0.0056 opt Au for oxide mineralisation and 0.042 opt Au for sulphide mineralisation. The Inferred resource is reported at 0.0056 opt Au for oxide, sulphide and carbonaceous ore types; however, a higher opt Au cut-off grade may be required to upgrade the inferred resource to the measured and indicated resource category. Cutoff grade for Jessup is 0.01 oz Au/t for oxide mineralisation, 0.015 oz Au/t for mixed material, and 0.025 oz Au/ton for all unoxidised material;
3 Jessup Resource includes Au equivalent ounces (50g/t Ag = 1g/t Au). NC = not calculated

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold's CEO and President, is the Qualified Person as defined under National Instrument 43-101. He has verified the information and has reviewed and approved the contents of this news release.

Rye Patch Gold maintains a strict quality control program at all of its projects. ALS Chemex collects the Wilco, Lincoln Hill-Gold Ridge, and Jessup drill samples onsite and transports the samples directly to the ALS Chemex's preparation and analysis facility located in Reno, Nevada. Analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods, with an atomic absorption finish.

Mr. Shea Clark-Smith is overseeing the gold assay and geochemical quality control and assurance programs for Rye Patch Gold's drill programs at Wilco, Jessup and Lincoln Hill. He is responsible for creating, administering, and monitoring sample preparation and analytical QA/QC procedures for the drilling program. In sum, the QA/QC procedures will provide several measures of data quality and assure the Company that the data is representative of the original sample.

Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold resource 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 projects. Rye Patch Gold is developing its primary assets -- the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company is seeking gold opportunities that continue to create shareholder value and leverage the gold price. The Company's goal is to have +5-million ounces of gold inventory within the next 3 years. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com .

On behalf of the Board of Directors

'William Howald'

William C. (Bill) Howald, CEO & President

For additional information contact:

Rye Patch Gold Corp
Karen Robb, Manager, Investor Relations
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589
www.ryepatchgold.com


Renmark Financial Communications Inc.
Christine Stewart, Senior Account Manager
cstewart@renmarkfinancial.com
Tel.: (416) 644-2020
Fax: (416) 644-2021
www.renmarkfinancial.com

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Suite 1740 - 1177 West Hastings St., Vancouver, BC, V6E 2K3, Canada
Phone 604-638-1588    Fax 604-638-1589    www.ryepatchgold.com

Tweet

Rye Patch Gold Corp.

EXPLORATION STAGE
CODE : RPM.V
CUSIP : 783727 10 0
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Rye Patch Gold Corp.
7/28/2010Rye Patch Gold Leases Wilco Geothermal Rights
9/9/2008Rye Patch Gold Corp. Wall Street Analyst Forum Presentation ...
Annual reports of Rye Patch Gold Corp.
2008 Annual Report
Financings of Rye Patch Gold Corp.
12/24/2009Closes First Tranche Of Private Placement
12/15/2009Announces Private Placement
12/15/2008Announces Private Placement
Option Grants of Rye Patch Gold Corp.
6/11/2008Grants Stock Options
Nominations of Rye Patch Gold Corp.
10/22/2007Hires Manager Of Investor Relations
Project news of Rye Patch Gold Corp.
9/17/2012(Lincoln Hill)Announces Updated Gold and Silver Resources Within an Open P...
2/21/2012(Garden Gate Pass)Garden Gate Pass Project on Major Discovery Trend
2/1/2012(Gold Ridge Nevada)Reports Gold And Silver Assays From Gold Ridge
12/8/2011(Lincoln Hill)Announces Results of 2011 Lincoln Hill Drill Program
9/13/2011(Garden Gate Pass)is Drilling at Garden Gate Pass Project
8/9/2011(Garden Gate Pass)is Ready to Drill Garden Gate Pass Project
7/27/2011(Wilco)Reports Metallurgical Results From Wilco
6/2/2011(Wilco)Drills Thick Gold Zone at Wilco
5/25/2011(Lincoln Hill)Starts Drilling on Jefferson Zone at Lincoln Hill
5/9/2011(Wilco)Extends North Basin High-Grade Zone At Wilco
4/20/2011(Jessup)Adds Jessup to 2011 Program and Budget
3/3/2011(Wilco)Drills More High-Grade Gold at Wilco
2/17/2011(Gold Ridge Nevada)Announces 2011 Programs and Budgets for Nevada Portfolio
2/17/2011(Wilco)Announces 2011 Programs and Budgets for Nevada Portfolio
2/17/2011(Jessup)Announces 2011 Programs and Budgets for Nevada Portfolio
2/8/2011(Lincoln Hill)Drills Thick Zones of Gold and Silver at Gold Ridge
1/25/2011(Wilco)Continues Drilling Success at Wilco
1/12/2011(Lincoln Hill)Drills New Gold and Silver Zone on Lincoln Hill
11/23/2010(Jessup)Reports Gold And Silver Assays From Jessup
8/11/2010(Lincoln Hill)Identifies New Gold Target Along The Oreana Trend
6/30/2010(Lincoln Hill)Files Technical Report on Lincoln Hill Resource
6/7/2010(Wilco)Drills 44.5 G/T Au and 36.3 G/T Ag over 1.5 Metres at Wilco
12/10/2009(Lincoln Hill)Drills 21.19 g/t Gold Over 7.0 Metres At Lincoln Hill
11/13/2009(Lincoln Hill)Drills 15.2 G/T Gold And 308 G/T Silver Over 3 Metres At Lin...
6/11/2009(Lincoln Hill)Plans Program for High-Grade Gold at Lincoln Hill Project
6/2/2009(Jessup)Jessup Gold and Silver Resource Estimate
5/11/2009Files Wilco Updated Technical Report
4/8/2009(Wilco)s Wilco Gold and Silver Resource Estimate
3/19/2009(Wilco)Receives 5.2 G/T Au From Surface Structures At Wilco
11/25/2008(Wilco)Drills 38.1 Metres Grading 2.61 G/T Au In New Target At Wilc...
11/12/2008(Jessup)Drills 7.6 Metres Grading 9.19 G/T Au At Jessup
10/30/2008(Wilco)Drills 36.6 Metres Grading 1.95 G/T Au In New Gold Zone At W...
10/22/2008(Jessup)Drills 45.7 Metres Grading 1.58 g/t Au at Jessup
10/15/2008(Wilco)Drills 15.2 Metres Grading 1.41 G/T Gold At Wilco
6/17/2008(Wilco)Begins 2008 Drilling on Wilco Project to Expand Known Gold R...
5/12/2008(Wilco)Outlines Oxide Characteristics Of Wilco Resource
3/27/2008(Jessup)Extends Gold Mineralization At The Jessup Resource Project
3/12/2008(Lincoln Hill)Discusses Progress At The Lincoln Hill/Gold Ridge Project
1/9/2008(Wilco)Drills 176 Feet Of 0.030 Opt Gold At Wilco Discovery
Corporate news of Rye Patch Gold Corp.
3/1/2013Announces Results From the 2012 Patty Exploration Program
11/6/2012s Rochester Project Resources Based on Coeur d'Alene's Recen...
10/26/2012Receives New Trial Date From Sixth District Court
10/16/2012Receives Court Order Granting Coeur's Motion to Postpone
10/1/2012s Gold Exploration Along the Cortez Trend
3/12/2012Files Motion for Restraining Order Against Coeur d'Alene Min...
1/16/2012Added To S&P/Tsx-V Index
12/17/2011s Court Proceedings
9/8/2011Barrick's New Multi-Million Ounce Discovery at Cortez (Nevad...
8/25/2011Jay Taylor writes up Rye Patch Gold Corp.
6/30/2011Corporate Update
3/13/2011Joins OTCQX
2/17/2011Announces 2011 Programs and Budgets for Nevada Portfolio
1/19/2011Expands On New Lincoln Hill Gold And Silver Zone
1/7/2011Commences Core Drilling on North Basin Target at Wilco
12/17/2010Claims Additional Lands Along The Oreana Trend And Hires IR ...
10/7/2010Watch new CEO clip, William Howald Interviewed by SmallCapPo...
7/28/2010Leases Wilco Geothermal Rights
6/23/2010Ubika Research Initiates Coverage on Rye Patch Gold Corp.
2/26/2010has been added to GoldMinerPulse.com
2/10/2010Executes Definitive Agreement with Centerra Gold (U.S.) Inc....
10/21/2009Coverage in the Gold Newsletter
4/28/2009Claims More Mineral Rights Along The Oreana Trend
3/27/2009Drills 7.58 g/t Au And 34.3 g/t Ag Over 3.0 Metres At Lincol...
11/28/2008Announces Release Of Previously Escrowed Securities
11/4/2008TSX Venture Exchange Advances Rye Patch Gold To Tier 1 Statu...
10/9/2008Featured on Business TV
10/7/2008Mobilizes Drill Back To Lincoln Hill
9/24/2008Drills 25 Feet Grading 2.2 Ounces/Ton Au at Lincoln Hill
9/17/2008Drills 45.7 Metres Grading 1.34 G/T Au At Wilco
8/19/2008Reports Lincoln Hill - Gold Ridge Drilling Complete
7/29/2008Reports On The Wilco Drill Program
7/10/2008Begins Drilling On Lincoln Hill And Gold Ridge
5/29/2008Confirms Ridge Gold/Silver Anomaly On Lincoln Hill
5/28/2008to be featured on CEO Clips airing on BNN
4/30/2008Increases Wilco Gold Resource
4/3/2008 Retains Renmark Financial Communications
2/6/2008Options Cortez Trend Gold Play From Barrick
11/19/2007Acquires Rights to Lincoln Hill Property, Nevada and Consoli...
10/17/2007Expands Section Line Discovery on Wilco Project
10/3/2007Completes Acquisition Of The Jessup Project, Nevada From Mid...
9/25/2007Drills 21 Metres of 2.74 g/t Gold New Gold Zone on Wilco Pro...
9/6/2007Doubles Wilco Gold Resource
8/21/2007Acquiring The Jessup Project, Nevada From Midway Gold Corp.
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RPM.V)
0.345+1.47%
TSX-V
CA$ 0.345
06/18 13:08 -
1.47%
Prev close Open
0.340 0.335
Low High
0.330 0.345
Year l/h YTD var.
0.270 -  0.450 -19.77%
52 week l/h 52 week var.
0.270 -  0.600 -42.50%
Volume 1 month var.
38,556 -1.43%
24hGold TrendPower© : -44
Produces
Develops
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2013-41.53%
2012-19.18%0.770.38
2011192.00%0.840.27
2010-21.88%0.400.12
2009220.00%0.490.10
 
5 years chart
 
3 months chart
 
3 months volume chart