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Rye Patch Gold Corp.

Publié le 14 février 2014

Discusses Exploration Programs And Budget For 2014

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Rye Patch Gold 1740-1177 West Hastings Street
Vancouver, BC V6E 2K3

Tel: (604) 638-1588
Email: info@ryepatchgold.com

RPM: TSX-V


Rye Patch Discusses Exploration Programs And Budget For 2014

Vancouver, British Columbia, February 14, 2014 - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the �Company� or �Rye Patch�) is pleased to announce its programs and budget for 2014.

Highlights:

  • Drilling programs are planned along the Oreana (Lincoln Hill/Gold Ridge and Wilco), and Cortez (Garden Gate Pass and Patty) trends;
  • Drilling has started on the eastern target at Garden Gate Pass;
  • Drill programs will run from February to September;
  • US$3.8 million in exploration is planned at four project locations � US$2.0 million at the Oreana trend and US$1.8 million at the Cortez trend; and
  • The Rochester mine NSR royalty is anticipated to more than cover all 2014 exploration expenditures.

Rye Patch Gold has approved a US$3.8-million 2014 budget for exploration and drilling programs along the Oreana and Cortez trends in Nevada.  The exploration programs will include drilling up to 10,000 metres in four project locations.  A summary of the program is as follows:

Cortez Trend:

Garden Gate Pass: Drilling at Garden Gate Pass has started with mud rotary drilling on the eastern target of the property.  Gravity and seismic geophysical surveys have been interpreted and suggest a carbonate ridge on the eastern side of the project area.  Drilling will confirm whether the carbonate is the prospective Wenban Formation that hosts Barrick Gold�s Goldrush deposit (15-million ounces of gold) located roughly 3 kilometres to the north.  The drilling is on the projection of Barrick�s drill pattern.  A total of US$550,000 is planned on the project.

Patty:
Drilling in 2012 and detailed surface exploration work in 2013, have outlined two priority targets on the Patty property.  The first is the geologic extension of the Goldrush anticline that host gold mineralization at Barrick�s Goldrush deposit located 10 kilometres to the north.  The target is located in the northwestern portion of the property.

The second target area is located on the southwest portion of the property along a major structural feature.  Widespread Carlin-style geochemistry (gold, arsenic and antimony) has been returned from surface rock-chip sampling including a 9.4 g/t gold sample from the fault zone.  Drilling will target carbonate lithologies along the structural zone.  The target is very similar to Cortez Hills located 20 kilometres northward along a similar structural zone.

The budget will total US$1,250,000, and drilling will commence in July.

Oreana Trend:

Lincoln Hill/Gold Ridge: At Lincoln Hill, mapping shows the strike extension of the mineralized zone southward toward Independence Hill.  Surface mapping and rock-chip sampling at Independence Hill confirm four separate high-grade corridors crossing outcrop exposures at the Alexander Hamilton, Buck&Charlie, Looney, Hill Top, and Octopus historic mines. 

Near the Buck&Charlie mine, a rock-chip sample returned 37.5 g/t Au and 2,070.0 g/t Ag from a breccia outcrop. The breccia has been mapped for 380 metres along a southwest to northeast trend. At the Looney mine, a rock-chip grab sample returned 22.87 g/t Au and 9.7 g/t Ag from quartz vein material.  Surface exposures in the old workings and shafts indicate the zone is at least a 300 metre strike length, and at the Octopus mine, several samples returned significant gold and silver along 160 metres of strike along the main structural zone including 1.62 g/t Au and 568.0 g/t Ag; 1..11 g/t Au and 77.6 g/t Ag; 0.05 g/t Au and 497 g/t Ag; 0.69g/t Au and 240..0 g/t Ag. The historic workings follow a breccia zone.

At the Roosevelt zone, significant surface gold and silver assays were returned including 34.79 g/t Au and 779 g/t Ag; 14 g/t Au and 183 g/t Ag; 97.92 g/t Au and 1527 g/t Ag; and 97.5 g/t Au and 1303 g/t Ag along a high-grade structural trend.

At Independence Hill, the overall strike length of the breccia, vein, and stockwork zones is 1.3 kilometres which has the potential to significantly expand the Lincoln Hill resource. 

Drilling on north Gold Ridge anomaly will be addressed this summer. At north Gold Ridge, surface rock-chip samples taken at random intervals along the jasperoid outcrop returned encouraging results such as 3.120 g/t Au and 19.2 g/t Ag, and 2.860 g/t Au and 51.1 g/t Ag. 

Drilling on the project will begin in May and will cost US$1,150,000.

Wilco:
Exploration activities continued at Wilco with new detailed mapping, rock-chip sampling and interpretation of geophysical and historical drilling data.  This work was designed to extend the Section Line and Colado gold and silver resource areas by identifying drill targets located adjacent to these resources. Based on this work, two promising drill target areas were identified.

The Rhyolite Hill target is located immediately north of the historical Willard pit, covering an area of about 700 by 200 metres of strongly silicified and mineralized rhyolite outcrops, previously unexplored. A total of 88 surface rock-chip samples were collected from this area, Five rock samples collected along the contact zone between the main rhyolitic feeder zone and the Triassic sediments, returned between 2.1g/t Au and 7.46 g/t Au and 1.1g/t Ag and 31g/t Ag. This intrusive structural zone extends for a strike length of about 600 metres and represents the north extension of a major basement fault, controlling the gold mineralization at the old Willard Hill pits.

The Andesite target area is located between the Section Line and Colado resource areas, within the two Whittle pits located one kilometre apart.  The drilling completed at the margins of these resource areas indicated the distinct possibility of correlation of the gold mineralization located along the contact zone between the siltstone and claystone units at both Colado and Section Line.  This favourable zone is covered at the target area by an altered andesite plate, anomalous in gold, silver and trace elements. Historical drilling in the area consisting of scattered shallow drillholes intersected numerous anomalous gold intervals with several intercepts ranging between 0.2 and 7.4 g/t Au over 1.5 to 3 metres.   These promising geochemical data from the andesite plate are indicative of �leakages� from an underlain mineralized zone, probably representing the Colado and Section Line mineralized horizon.

Drilling will commence in April with a budget of US$850,000.

A rough break down of exploration expenditures by trend is US$2.0 million along the Oreana trend, and US$1.8 million along the Cortez trend.  In addition, the Oreana preliminary economic analysis is on track for a Q1 delivery.  The Rochester mine NSR royalty is anticipated to more than cover all 2014 exploration expenditures

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 a Tier 1, well-funded junior mining company with a royalty revenue stream from the operating Rochester silver mine and significant gold and silver resources, all located in the mining friendly state of Nevada, USA. The Company�s seasoned management team is engaged in the acquisition, exploration, and development of quality resource-based gold and silver projects.  Rye Patch Gold US Inc. controls over 75 square kilometres (30 sq. miles) of land, and has a 3.4 % Net Smelter Return (NSR) royalty from the Rochester silver mine along the Oreana trend located in west-central Nevada.  The Company is aggressively developing gold and silver resources along this emerging trend, utilizing existing funds and cash flow from the NSR royalty which is fully leveraged to the price of gold and silver.  In east central Nevada, Rye Patch Gold US Inc. is exploring 66 square kilometres of exploration land along the prolific Cortez trend contiguous to Barrick�s new Goldrush deposit..  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 the Company, 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 financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur�s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the 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.

- -

Rye Patch Gold Corp.

EXPLORATEUR
CODE : RPM.V
ISIN : CA7837271005
CUSIP : 783727 10 0
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Rye Patch Gold est une société d’exploration minière d'or basée au Canada.

Rye Patch Gold détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont LINCOLN HILL, WILCO, JESSUP, GARDEN GATE PASS et GOLD RIDGE NEVADA en USA.

Rye Patch Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 410,5 millions CA$ (318,7 millions US$, 273,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 20 février 2009 à 0,10 CA$, et son plus haut niveau récent le 19 janvier 2018 à 1,66 CA$.

Rye Patch Gold possède 387 300 000 actions en circulation.

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Financements de Rye Patch Gold Corp.
24/12/2009Closes First Tranche Of Private Placement
15/12/2009Announces Private Placement
15/12/2008Announces Private Placement
16/05/2008Rye Patch Announces Follow-Up Private Placement
16/05/2008Rye Patch Closes $1.25 Million Private Placement
Attributions d'options de Rye Patch Gold Corp.
11/06/2008Grants Stock Options
Nominations de Rye Patch Gold Corp.
22/10/2007Hires Manager Of Investor Relations
Projets de Rye Patch Gold Corp.
14/02/2014Discusses Exploration Programs And Budget For 2014
31/12/2013Coeur Rochester Mine Royalty Starts At Midnight
06/08/2013Quantifies 3.4% NSR Coeur Rochester Mine Royalty
09/05/2013(Lincoln Hill)Reports Lincoln Hill Exploration Update
08/05/2013Reports LH Claims Exploration Results
21/02/2013Expands Mystic And South Packard Pediment Silver-Gold Zones ...
01/10/2012Rye Patch Updates Gold Exploration Along the Cortez Trend
17/09/2012Rye Patch Announces Updated Gold and Silver Resources Within...
17/09/2012Rye Patch Announces Updated Gold and Silver Resources Within...
17/09/2012(Lincoln Hill)Announces Updated Gold and Silver Resources Within an Open P...
10/07/2012Rye Patch Intersects More Gold and Silver on the LH Claims
29/06/2012Rye Patch Leases Additional Land on the Rochester Project
27/06/2012Rye Patch Announces 1=2E28 Million ozs ofGold in the Measure...
30/05/2012(Garden Gate Pass)Starts Drilling at Garden Gate Pass
22/02/2012s Exploration Progress on Rochester Project
21/02/2012(Garden Gate Pass)Garden Gate Pass Project on Major Discovery Trend
01/02/2012(Gold Ridge Nevada)Reports Gold And Silver Assays From Gold Ridge
24/01/2012Stakes More Claims And Starts Drilling At Rochester
09/01/2012Makes New Gold and Silver Discoveries on the Rochester Prope...
06/01/2012(Garden Gate Pass)Bill Howald interviewed by Smallcappower.com regarding the r...
08/12/2011(Lincoln Hill)Announces Results of 2011 Lincoln Hill Drill Program
05/12/2011Expands Oreana Trend Holdings Stakes Mining Claims On Existi...
03/10/2011(Lincoln Hill)Finds New High-Grade Gold And Silver Zones At Lincoln Hill
13/09/2011(Garden Gate Pass)is Drilling at Garden Gate Pass Project
09/08/2011(Garden Gate Pass)is Ready to Drill Garden Gate Pass Project
27/07/2011(Wilco)Reports Metallurgical Results From Wilco
02/06/2011(Wilco)Drills Thick Gold Zone at Wilco
25/05/2011(Lincoln Hill)Starts Drilling on Jefferson Zone at Lincoln Hill
16/05/2011Resource Clips: Rye Patch Works Toward Eight Million Nevada ...
09/05/2011(Wilco)Extends North Basin High-Grade Zone At Wilco
20/04/2011(Jessup)Adds Jessup to 2011 Program and Budget
03/03/2011(Wilco)Drills More High-Grade Gold at Wilco
17/02/2011(Gold Ridge Nevada)Announces 2011 Programs and Budgets for Nevada Portfolio
17/02/2011(Wilco)Announces 2011 Programs and Budgets for Nevada Portfolio
17/02/2011(Jessup)Announces 2011 Programs and Budgets for Nevada Portfolio
08/02/2011(Lincoln Hill)Drills Thick Zones of Gold and Silver at Gold Ridge
25/01/2011(Wilco)Continues Drilling Success at Wilco
12/01/2011(Lincoln Hill)Drills New Gold and Silver Zone on Lincoln Hill
11/08/2010(Lincoln Hill)Identifies New Gold Target Along The Oreana Trend
30/06/2010(Lincoln Hill)Files Technical Report on Lincoln Hill Resource
07/06/2010(Wilco)Drills 44.5 G/T Au and 36.3 G/T Ag over 1.5 Metres at Wilco
10/12/2009(Lincoln Hill)Drills 21.19 g/t Gold Over 7.0 Metres At Lincoln Hill
13/11/2009(Lincoln Hill)Drills 15.2 G/T Gold And 308 G/T Silver Over 3 Metres At Lin...
11/06/2009(Lincoln Hill)Plans Program for High-Grade Gold at Lincoln Hill Project
02/06/2009(Jessup)Jessup Gold and Silver Resource Estimate
25/11/2008(Wilco)Drills 38.1 Metres Grading 2.61 G/T Au In New Target At Wilc...
12/11/2008(Jessup)Drills 7.6 Metres Grading 9.19 G/T Au At Jessup
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12/05/2008(Wilco)Outlines Oxide Characteristics Of Wilco Resource
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Communiqués de Presse de Rye Patch Gold Corp.
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09/07/2016Rye Patch Announces Filing of NI 43-101 Technical Report on ...
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18/12/2015Rye Patch Amends Patty Agreement with Barrick and Provides U...
15/12/2015Caesars Report's Thibaut Lepouttre Interviewed by The Gold R...
29/10/2015Rye Patch receives $1,462,300 quarterly royalty payment
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19/10/2015U.S. Global Investors' Frank Holmes and Ralph Aldis Intervie...
15/09/2015Rye Patch Completes Metallurgical Drill Program at Lincoln H...
28/08/2015Rye Patch Gold Grants Stock Options
11/08/2015Rye Patch Arbitrates Q1 2014 Royalty Payment with Coeur
16/07/2015Rye Patch receives $1,490,000 quarterly royalty payment
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16/04/2015Rye Patch Receives $1,850,000 Quarterly Royalty Payment
09/04/2015Rye Patch Completes Land Purchase at Lincoln Hill
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02/04/2015Rye Patch Adds to Oreana Land Position
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02/03/2015Rye Patch Gold Appoints Tony Wood as Chief Financial Officer
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24/11/2014Rye Patch Drills High-Grade Structural Zones At Lincoln Hill
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17/09/2014Rye Patch Appoints Buffington to Board of Directors
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08/09/2014Rye Patch Appoints VP Corporate Development
21/08/2014Rye Patch Gold Announces Stock Options Extensions
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28/05/2014Rye Patch Reports Drilling Starts at Lincoln Hill
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09/05/2014Rye Patch Gold Appoints New Chairman
11/12/2013(Lincoln Hill)Receives Positive Metallurgical Results From Lincoln Hill
12/07/2013Grants Stock Options
25/06/2013And Coeur Reach Settlement On LH Claim Legal Dispute
03/06/2013Reports Expansion Of Goldridge Gold/Silver Zone
06/11/2012Rye Patch Updates Rochester Project Resources Based on Coeur...
06/11/2012s Rochester Project Resources Based on Coeur d'Alene's Recen...
26/10/2012Receives New Trial Date From Sixth District Court
16/10/2012Rye Patch Receives Court Order Granting Coeur's Motion to Po...
16/10/2012Receives Court Order Granting Coeur's Motion to Postpone
01/10/2012s Gold Exploration Along the Cortez Trend
16/08/2012Rye Patch Gold Announces Amended Non-Brokered Private Placem...
15/08/2012Rye Patch Updates Status of Lawsuit Against Coeur Rochester,...
06/08/2012Rye Patch Stakes More Mineral Claims at Rochester and Packar...
30/05/2012Mid-Day Breaking News From Gold Canyon and Rye Patch
29/05/2012Drills Significant Gold And Silver Zones On The LH Claims
12/03/2012Files Motion for Restraining Order Against Coeur d'Alene Min...
15/02/2012Rye Patch Gold Achieves #6 Ranking on the 2012 TSX Venture 5...
16/01/2012Added To S&P/Tsx-V Index
10/01/2012Bill Howald discusses the latest Rochester Press Release wit...
05/01/2012Cuts Lower Plate Carbonates, Carlin-Style Alteration, and El...
21/12/2011Granted Access To The LH Claims
17/12/2011s Court Proceedings
08/09/2011Barrick's New Multi-Million Ounce Discovery at Cortez (Nevad...
25/08/2011Jay Taylor writes up Rye Patch Gold Corp.
17/02/2011Announces 2011 Programs and Budgets for Nevada Portfolio
28/07/2010Leases Wilco Geothermal Rights
23/06/2010Ubika Research Initiates Coverage on Rye Patch Gold Corp.
26/02/2010has been added to GoldMinerPulse.com
10/02/2010Executes Definitive Agreement with Centerra Gold (U.S.) Inc....
21/10/2009Coverage in the Gold Newsletter
28/11/2008Announces Release Of Previously Escrowed Securities
04/11/2008TSX Venture Exchange Advances Rye Patch Gold To Tier 1 Statu...
24/09/2008Drills 25 Feet Grading 2.2 Ounces/Ton Au at Lincoln Hill
17/09/2008Drills 45.7 Metres Grading 1.34 G/T Au At Wilco
19/08/2008Reports Lincoln Hill - Gold Ridge Drilling Complete
29/07/2008Reports On The Wilco Drill Program
10/07/2008Begins Drilling On Lincoln Hill And Gold Ridge
29/05/2008Confirms Ridge Gold/Silver Anomaly On Lincoln Hill
28/05/2008to be featured on CEO Clips airing on BNN
30/04/2008Increases Wilco Gold Resource
03/04/2008 Retains Renmark Financial Communications
28/02/2008Releases Project Programs And Budgets For 2008
06/02/2008Options Cortez Trend Gold Play From Barrick
19/11/2007Acquires Rights to Lincoln Hill Property, Nevada and Consoli...
17/10/2007Expands Section Line Discovery on Wilco Project
03/10/2007Completes Acquisition Of The Jessup Project, Nevada From Mid...
25/09/2007Drills 21 Metres of 2.74 g/t Gold New Gold Zone on Wilco Pro...
06/09/2007Doubles Wilco Gold Resource
21/08/2007Acquiring The Jessup Project, Nevada From Midway Gold Corp.
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