Chart usGOLD   Chart usSILVER  
 
Food for thought
Silence is the virtue of fools
Francis Bacon  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1391.0028.20
Silver 22.640.43
Platinum 1457.00-3.50
Palladium 738.70-3.55
WORLD MARKETS
DOWJONES 1532019
NASDAQ 3459-4
NIKKEI 14484-1143
ASX 5041-101
CAC 40 3967-84
DAX 8352-179
HUI 2603
XAU 97-3
CURRENCIES (€)
AUS $ 1.3273
CAN $ 1.3323
US $ 1.2935
GBP (£) 0.8562
Sw Fr 1.2513
YEN 131.9270
CURRENCIES ($)
AUS $ 1.0263
CAN $ 1.0300
Euro 0.7733
GBP (£) 0.6621
Sw Fr 0.9671
YEN 102.0110
RATIOS & INDEXES
Gold / Silver61.44
Gold / Oil14.48
Dowjones / Gold11.01
COMMODITIES
Copper 3.32-0.06
WTI Oil 96.05-0.11
Nat. Gas 4.250.07
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

Rye Patch is Ready to Drill Garden Gate Pass Project

Vancouver, British Columbia, August 9, 2011 - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF) ("Rye Patch" or the "Company") is pleased to update the status of the Company's 100% owned Garden Gate Pass (GGP) project.

HIGHLIGHTS:

  • 5,000 metre phase-one, reverse circulation drilling program is fully permitted;
  • Two main target areas located south of Barrick Gold's Cortez Hills gold mine; and
  • Barrick is definition drilling within 3 kilometres of the northern boundary of the project along the eastern gold trend.


Permits have been received and drilling will commence on the Company's 100% owned Garden Gate Pass project. The property covers almost 1,300 hectares located immediately south of Barrick Gold's Cortez Hills gold mine and ET Blue gold deposits. At the present time, Barrick Gold is drilling within 3 kilometres of the northern border of the project along the eastern gold trend located within the Cortez mineral belt. Rye Patch geologists have identified two main mineral trends that cross the GGP project area.

The western gold trend controls mineralization at Cortez Hills, South Trench and on to the GGP property. This trend has localized felsic Eocene dikes and sills that have been mapped to the north and south of the pediment covered GGP project. The dikes mark important mineral conduits that control gold in the Cortez district.

The eastern gold trend controls gold at the Horse Canyon gold mine, and the Red Hill and ET Blue gold deposits. Barrick is drilling along the eastern gold trend just 3 kilometres north of the GGP property boundary. Rye Patch's geologic fieldwork shows the gold trend extends on to the eastern side of the GGP claims.

The western and eastern target zones have been identified through geologic mapping and geophysical surveys. The geophysical gravity survey data shows a gravity high -- interpreted as lower plate host rock assemblage -- crossing the eastern side of the project area. This lower plate anticline has a similar aeromagnetic-low as seen over the top of the ET Blue and Red Hill deposits which is very promising.

The phase-one drill program will consist of eight to ten drillholes with depths of 600 metres. Target depths are interpreted between 400 metres to 600 metres below surface. The geologic setting and the geophysical anomalies within the Garden Gate Pass claim block look similar to other gold deposits in the region.

"The Garden Gate Pass project is truly an exciting development for the Company. The targets have a geologic basis grounded in past work along the Cortez trend that could become elephants. Once you get in a Carlin district, the gold deposits tend to cluster. This has been the case at Carlin and now it is becoming true along the Cortez trend. New discoveries are being drilled adjacent to the project and the mineralized structures have been identified at Garden Gate Pass. Since Rye Patch has 100% of the project, a new discovery could propel RPM to the next level of value", stated William C. (Bill) Howald, the Company's President and CEO.

At Lincoln Hill, the core program is complete and assay results are pending. A total of 1,258 meters was completed in five core holes. The reverse circulation portion of the drilling program is in progress. A total of 5,500 meters of RC drilling is planned.

As announced on May 18, 2010, May 11, 2009, and June 2, 2009, in respect of the Lincoln Hill, Wilco, and Jessup projects, Rye Patch Gold's resource inventory along the Oreana trend now totals 1,182,780 ounces of gold and gold equivalent in the measured and indicated category plus 2,727,100 ounces of gold and gold equivalent in the inferred category. Table 2 summarizes Rye Patch Gold's precious metal inventory in Nevada, USA.

Table 2: Rye Patch Gold's NI43-101 Resource Inventory (1)

Property

Resource
Category

Tonnes (X 1,000)

Gold Grade (g/t)

Silver Grade (g/t)

Contained Gold Ounces

Contained Silver Ounces

Contained Gold & Gold Equivalent Ounces (4)

Wilco (2)

Measured

7,526

0.69

4.595

164,000

1,111,000

186,220

Indicated

30,844

0.51

3.601

522,000

3,638,000

594,760

Inferred

121,838

0.41

5.075

1,660,000

19,871,000

2,057,420

Jessup(2)

Measured

7,775

0.51

8.745

128,000

2,184,000

171,680

Indicated

12,642

0.41

7.167

172,000

2,906,000

230,120

Inferred

4,494

0.55

7.922

77,000

1,146,000

99,920

Lincoln Hill (3)

Measured

-

-

-

-

-

-

Indicated

-

-

-

-

-

-

Inferred

17,215

0.69

17.143

380,000

9,488,000

569,760

Total Oreana Trend Measured & Indicated Resources

986,000

9,839,000

1,182,780

Total Oreana Trend Inferred Resources

2,117,000

30,505,000

2,727,100

(1) All resources on 100% basis. Metallurgical recoveries and net smelter returns are assumed to be 100%. Conforms to 43-101 resource definitions;

(2) Cutoff grade for Wilco Measured and Indicated resource is reported at 0.2 g/t Au for oxide mineralisation and 1.45 g/t Au for sulphide mineralisation. The Inferred resource cut-off grade is reported at 0.2 g/t 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. Cut-off grade for Jessup is reported at 0.2 g/t Au for oxide mineralisation and 0.34 g/t Au for transition and sulphide mineralisation; and

(3) The Inferred resource is reported at a cut-off grade of 0.34 g/t (0.01 opt) Aueq for oxide and transitional ore types;

(4) Wilco, Jessup and Lincoln Hill resources includes Au equivalent ounces (Aueq.); where Aueq. = (Au ozs) + (Ag ozs X $Ag/oz)/$Au/oz, for Au/oz = $900, and Ag/oz = $18.


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

Rye Patch Gold Corp. is exploring well-known mineral trends in Nevada - the world's fourth-richest gold region. Starting with 150,000 inferred ounces of gold in mid-2007, this well-funded Company now has 1.2-million ounces of gold and gold equivalent in the measured and indicated category, plus 2.7-million ounces of gold and gold equivalent in the inferred category. Rye Patch Gold is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver 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 and silver projects. Rye Patch Gold is developing its primary assets -- the advanced-stage Wilco, Lincoln Hill, Jessup, and Gold Ridge projects located along the emerging Oreana gold trend in west-central Nevada. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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

Unsubscribe
This email was sent to: newsrelease@24hgold.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)
0.370+0.00%
TSX-V
CA$ 0.370
05/23 12:41 -
0%
Prev close Open
0.370 0.360
Low High
0.360 0.370
Year l/h YTD var.
0.270 -  0.450 -13.95%
52 week l/h 52 week var.
0.270 -  0.640 -35.09%
Volume 1 month var.
89,190 -2.63%
24hGold TrendPower© : -37
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
2013-37.29%
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