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Rye Patch Gold Corp.

Publié le 17 octobre 2007

Expands Section Line Discovery on Wilco Project

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NEWS RELEASE
No. 07 - 09

Rye Patch Gold Expands Section Line Discovery on Wilco Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2007) - Rye Patch Gold Corp (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT) ("Rye Patch Gold" or the "Company") is pleased to report gold assay results for drillholes WR-014 to WR-029 from the Company's phase-one drilling program completed this summer on the Wilco project. Gold assay results from reverse circulation drillholes WR-001 to WR-013 were released on September 24, 2007, in press release 07-07.

Starting mid-July and ending in September, forty-eight reverse circulation drillholes were completed on the Wilco project totalling 30,520 feet (9,305 metres). The majority of the drilling, 38 drillholes, was completed in the Willard resource area in four target zones - E-W Draw, Willard Hill, South Area and Section Line. Table 1 summarizes drill interval results, using a 0.01 opt (0.34 g/t) cutoff for intervals greater than 10 feet (3 metres), for Willard Hill, E-W Draw, and additional drillholes completed in the new discovery in the Section Line target area.

TABLE 1: WILCO PROJECT: 2007 REVERSE CIRCULATION DRILL PROGRAM (WR 014 to WR 029)

------------------------------------------------------------
                                        Hole
                  Target       Au   interval    From      To
Drillhole           Area   oz/ton       feet    feet    feet
------------------------------------------------------------
WR014       Willard Hill    0.014         50       0      50
------------------------------------------------------------
WR015       Willard Hill    0.010         10       0      10
------------------------------------------------------------
WR015       Willard Hill    0.016         25      25      50
------------------------------------------------------------
WR015       Willard Hill    0.025         10     360     370
------------------------------------------------------------
WR016       Willard Hill                 NSV
------------------------------------------------------------
WR017       Willard Hill    0.010         10      10      20
------------------------------------------------------------
WR017       Willard Hill    0.036         10     110     120
------------------------------------------------------------
WR018       Willard Hill    0.016         10      80      90
------------------------------------------------------------
WR019       Willard Hill    0.014         15      85     100
------------------------------------------------------------
WR020       Willard Hill    0.011         15      25      40
------------------------------------------------------------
WR020       Willard Hill    0.015         45      90     135
------------------------------------------------------------
WR021       Willard Hill    0.010         10     120     130
------------------------------------------------------------
WR021       Willard Hill    0.017         10     335     345
------------------------------------------------------------
WR021       Willard Hill    0.024         15     400     415
------------------------------------------------------------
WR022       Willard Hill    0.022         15     125     140
------------------------------------------------------------
WR022       Willard Hill    0.015         65     265     330
------------------------------------------------------------
WR023       Section Line    0.021         65     500     565
------------------------------------------------------------
WR024       Section Line    0.027         10     215     225
------------------------------------------------------------
WR024       Section Line    0.116         10     245     255
------------------------------------------------------------
WR024       Section Line    0.012         15     580     595
------------------------------------------------------------
WR025       EW Draw                      NSV
------------------------------------------------------------
WR026       EW Draw         0.014         35     280     315
------------------------------------------------------------
WR027       EW Draw                      NSV
------------------------------------------------------------
WR028       Section Line    0.011         30     305     335
------------------------------------------------------------
WR028       Section Line    0.029         20     410     430
------------------------------------------------------------
WR028       Section Line    0.018        105     565     670
------------------------------------------------------------
WR029       Section Line    0.015         30     540     570
------------------------------------------------------------
---------------------------------------------------------------------
                                        Hole
                      TD       Au   interval    From      To       TD
Drillhole          (feet)     g/t     metres  metres  metres  (metres)
---------------------------------------------------------------------
WR014                685     0.48       15.2     0.0    15.2    208.8
---------------------------------------------------------------------
WR015                        0.34        3.0     0.0     3.0
---------------------------------------------------------------------
WR015                385     0.54        7.6     7.6    15.2    117.3
---------------------------------------------------------------------
WR015                        0.86        3.0   109.7   112.8
---------------------------------------------------------------------
WR016                750                 NSV                    228.6
---------------------------------------------------------------------
WR017                        0.36        3.0     3.0     6.1
---------------------------------------------------------------------
                     600                                        182.9
---------------------------------------------------------------------
WR017                        1.23        3.0    33.5    36.6
---------------------------------------------------------------------
WR018                735     0.53        3.0    24.4    27.4    224.0
---------------------------------------------------------------------
WR019                600     0.50        4.6    25.9    30.5    182.9
---------------------------------------------------------------------
WR020                        0.38        4.6     7.6    12.2
---------------------------------------------------------------------
                     450                                        137.2
---------------------------------------------------------------------
WR020                        0.51       13.7    27.4    41.1
---------------------------------------------------------------------
WR021                        0.34        3.0    36.6    39.6
---------------------------------------------------------------------
WR021               1345     0.58        3.0   102.1   105.2    410.0
---------------------------------------------------------------------
WR021                        0.82        4.6   121.9   126.5
---------------------------------------------------------------------
WR022                        0.75        4.6    38.1    42.7
---------------------------------------------------------------------
                     645                                        196.6
---------------------------------------------------------------------
WR022                        0.51       19.8    80.8   100.6
---------------------------------------------------------------------
WR023                645     0.70       19.8   152.4   172.2    196.6
---------------------------------------------------------------------
WR024                        0.93        3.0    65.5    68.6
---------------------------------------------------------------------
WR024                645     3.98        3.0    74.7    77.7    196.6
---------------------------------------------------------------------
WR024                        0.41        4.6   176.8   181.4
---------------------------------------------------------------------
WR025                905                 NSV                    275.8
---------------------------------------------------------------------
WR026                605     0.48       10.7    85.3    96.0    184.4
---------------------------------------------------------------------
WR027                900                 NSV                    274.3
---------------------------------------------------------------------
WR028                        0.38        9.1    93.0   102.1
---------------------------------------------------------------------
WR028                700     0.99        6.1   125.0   131.1    213.4
---------------------------------------------------------------------
WR028                        0.62       32.0   172.2   204.2
---------------------------------------------------------------------
WR029                650     0.51        9.1   164.6   173.7    198.1
---------------------------------------------------------------------
NSV equals No Significant Values
Drillholes WR-014 to WR-022 were completed in the Willard Hill target area where most of the previous mining activity took place. The shallow oxide gold mineralization intercepted in this area is localized within fractured to brecciated siltstone above the structural contact with an underlying claystone lithology. This zone is the surface exposure and correlative with the newly discovered mineralized zone at the Section Line target. No significant mineralization was found in the underlying claystone.

Drillholes WR-025 and WR-027 were drilled north and west of the E-W Draw pit to test for an extension of the gold zone intercepted by drillholes located within the E-W Draw pit. Neither hole returned significant mineralization. Geologic information from these holes suggests the existence of an E-W fault separating WR-025 and WR-027 from the E-W Draw gold zone.

Drillholes WR-023, WR-024, WR-028 and WR-029 were completed in the Section Line target area and extend the newly discovered mineralization to the north, south and east. Results from the drillholes designed to extend the gold zone to the west are pending. Drillhole WR-28 shows an increasing thickness of the gold zone to the north. Follow up of these encouraging results is underway with a core hole designed to extend the gold mineralization to the north, give a better understanding of the host lithology and structure, and test for a possible feeder zone.

The drillholes presented in the table intersected intervals of low-grade gold mineralization greater than 0.005 opt (0.17 g/t). These intervals did not meet the rigorous cutoff criteria used to define the results table, but show significant thicknesses of low-grade gold material. As an example, drillhole WR-028 intersected 155 feet of 0.008 opt (47.2 metres of 0.27 g/t) oxidized mineralization from 205 feet to 360 feet (62.5 metres to 110 metres).

All but five of the forty-eight reverse circulation drillholes were directionally surveyed. The majority of the holes were drilled at an angle to intersect potentially high-grade structural zones.

William C. (Bill) Howald, CEO and President stated, "I am thrilled with the results that we have received to date from the Wilco project. The Sectional Line discovery is certainly expanding and gaining significance for the project, while the geologic correlation of the lower zone with areas mined in the Willard pits could have a profound effect. Previous operators did not test this zone so the potential below the older, shallow drillholes could be significant. In addition, the Section Line drill intercepts may increase the Wilco oxide resource at Willard. Since this potentially oxidized zone appears to correlate with the near-surface gold zone at Willard Hill, the geometry of the new discovery zone could be amenable to an open-pit mining configuration."

Drilling at Wilco is continuing, with one Major Drill core rig on a 3,000 feet (914 metre) core program. Three of five core holes totalling 2,123 feet (647 metres) are complete and are being logged and prepped for gold analysis. The core program is scheduled for completion in late October with final assays anticipated in late November.

Gold assays from the remaining reverse circulation drillholes will be released as they become available within the next 4 weeks. All new assay data will be incorporated into a year end resource update for the Colado and Willard resource areas. This update is anticipated in the 1st quarter of 2008.

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 has reviewed the technical disclosure in this press release.

Mr. Shea Clark-Smith is overseeing the gold assay and geochemical quality control and assurance programs for Rye Patch Gold's Wilco project. 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.

Samples are transported from the Wilco project to the ALS Chemex sample preparation facility in Winnemucca, Nevada, by Chemex personnel. All analytical testing is performed utilizing industry standard analytical techniques. Gold was analyzed using fire assay on a 30-gram sample with an atomic absorption finish.

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 asset - the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada and has also acquired the Jessup project in Churchill County, Nevada.

Rye Patch Gold trades on the TSX Venture Exchange under the symbol RPM and the Company's warrants trade under the symbol RPM.WT. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.

On behalf of the Board of Directors

William C. (Bill) Howald, CEO & President
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

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

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, JESSUP, WILCO, 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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