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Rye Patch Gold Corp.

Publié le 27 juillet 2011

Reports Metallurgical Results From Wilco

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Rye Patch Reports Metallurgical Results From Wilco

Vancouver, British Columbia, July 27, 2011 - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF) ("Rye Patch" or the "Company") reports the results of CIL bottle roll tests and diagnostic leaching from the Section Line resource and North Basin drill target.

HIGHLIGHTS

  • Gold recoveries from CIL bottle roll testing shows 50% to 92% gold recovery within the Section Line resource;
  • Silver recoveries from CIL bottle roll testing returned 25% to 88% silver recovery within the Section Line resource;
  • Gold extractions associated with diagnostic leach testing range from 73% to 91% for direct cyanide leaching and simple sulfide leaching;
  • Overall gold extractions associated with diagnostic leach through all testing ranged from 79% to 96%; and
  • The majority of the gold within the Section Line and North Basin target is associated with native gold occurring on the outside of veins and mineral grain boundaries

DISCUSSION

Seventeen composite samples were submitted to Kappes, Cassidy and Associates (KCA) in Reno, Nevada, for CIL bottle roll testing and diagnostic metallurgical testing. Nine composites are from the Section Line resource and consist of reverse circulation and core samples. In the North Basin area, eight composites were selected from reverse circulation drilling in the target area. As a final analysis, five composites were selected for diagnostic leaching -- two from North Basin and three from the Section Line resource.

The results of the CIL bottle-roll analyses conform well with Rye Patch Gold's oxide domain model used in the resource estimate. The axial zone of the Section Line anticline contains the bulk of the oxide material. As mineralization moves outward along the limbs of the antiform, oxidation attenuates to the north toward the North Basin target. The bulk of the Section Line resource sits within the anticline and is open to the west. Higher grade are along the northern limb of the anticline. Table 1 summarizes CIL bottle roll gold and silver extractions.

"I am very pleased with the results of the bottle roll test and quite excited by the diagnostic leach tests. Both analyses show the gold and silver are associated with free gold and simple sulfides which can be treated using existing technologies employed in gold mining in Nevada. Obviously, additional testing is required to fully understand the gold and maximize value from the deposit; however, this is an excellent first step", stated William C. (Bill) Howald, the Company's President and CEO.

Table 1: CIL Bottle Roll Leach Tests; Summary of Gold and Silver Extractions

Sample ID

Sample Type

Drill Interval

Head Au opt

Extracted Au %

Head Ag opt

Extracted Ag %

Consumption
NaCN
lbs/st

Add'l Ca(OH)2 lbs/st

Area

WR-040

RC

130-250

0.095

92%

0.05

45%

4.02

1.50

Section Line

WR-040

RC

250-305

0.024

90%

0.07

25%

3.33

1.50

Section Line

WRC-1/2/3

Core

229-281,199-219,182-201.5

0.018

65%

0.31

77%

3.31

2.50

Section Line

WRC-3

Core

201.5-235

0.038

66%

0.24

26%

3.00

1.50

Section Line

WRC-1

Core

598-623.5

0.015

69%

0.13

66%

2.50

1.50

Section Line

WRC2/3

Core

556-596,574-590

0.034

55%

0.34

75%

3.01

1.50

Section Line

WRC-4

Core

209-602

0.018

54%

0.10

67%

2.65

1.50

Section Line

WRC-4

Core

602-623

0.016

50%

0.10

58%

2.48

1.50

Section Line

WRC-4

Core

536-712

0.034

60%

0.17

88%

2.58

1.50

Section Line

WR-081

RC

1120-1160

0.047

59%

0.24

75%

2.84

1.50

North Basin

WR-081

RC

1210-1240

0.030

20%

0.10

22%

3.35

2.00

North Basin

WR-098

RC

1090-1190

0.047

48%

0.20

6%

2.84

2.00

North Basin

WR-105

RC

410-500

0.012

55%

0.12

48%

3.50

1.50

North Basin

WR-105

RC

1105-1165

0.048

44%

0.56

72%

3.19

2.00

North Basin

WR-081

RC

1160-1210

0.076

59%

1.03

79%

3.19

1.00

North Basin

WR-098

RC

1155-1210

0.039

47%

0.10

36%

2.91

2.00

North Basin

WR-098

RC

1100-1155

0.040

62%

0.11

64%

3.02

1.50

North Basin


In addition to the CIL bottle roll analysis, KCA performed diagnostic leaching on five samples -- WR-081, WR-105, WRC-1, WRC-2/3 and WRC-4. Diagnostic leach testing is designed to determine the metal association within a sample material by leaching the material in six stages with various pretreatments for each stage. Following the pretreatments, the residues were leached in CIL bottle roll tests with 10 pound per ton (5.0 gram per liter) sodium cyanide solution.

The remaining gold not leached in any stage of the diagnostic testing was presumed to be encapsulated in the remaining minerals. The test work was conducted utilizing material pulverized to a target 80% passing 200 mesh Tyler. Accordingly, if the particle size were reduced to a finer size than that utilized for this test work, the gold extraction should increase.

Table 2: Comparison of Diagnostic Direct Leach Au Extraction and CIL Bottle Roll Au Extraction

KCA Sample No.

Diagnostic Direct Leach
Au Extracted

Previous CIL
Au Extracted

WR-081

14%

20%

WR-105

50%

55%

WRC-1

83%

69%

WRC2/3

62%

55%

WRC-4

54%

50%


The results of the diagnostic leach test work are shown in the graph form below.

reports metallurgica
Three of the five composites tested showed an increase in the gold extraction during the direct leach stage of the diagnostic program versus the previously conducted CIL. The other two composites showed a decrease in the gold extraction versus the previous CIL tests. The tests differed in two areas, cyanide concentration and leach time. These results suggest some composites responded better to increased cyanide additions while others responded better to increased leach periods.

Four of the five composites tested showed the majority of gold extraction occurred during the direct cyanide leach. In four of the five composites, the gold associated with arsenopyrite and some pyrite constituted the second largest contribution to overall extraction. The overall gold extractions in the diagnostic leach tests ranged from 79% to 96%. Notably, 73% to 91% of the total gold extraction in the diagnostic leach testing was attributed to the direct cyanide and arsenopyrite leach stages.The gold extractions associated with the diagnostic leach testing from direct cyanide leaching through simple sulfide leaching ranged from 73% to 91% and the overall extractions through all testing ranged from 79% to 96%.

PROCEDURES

The procedure utilized for the CIL bottle roll testing is as follows. First, a 1,000 gram portion of pulverized material was placed into a 2.5 liter bottle and slurried with the addition of 1,500 milliliters of water and 75 grams of granular activated carbon (GAC). The slurry was mixed thoroughly and the pH of the slurry was checked. The pH of the slurry was adjusted, as required, to 11.0 with hydrated lime.

Sodium cyanide was added to the slurry to equal 2 pounds per ton of water added (1.0 grams per liter). The bottle was then placed onto a set of laboratory-rolls. Rolling throughout the duration of the test mixed the slurry. The slurry was checked at 2, 4, 8, 24, 48, 72 and 96 hours for pH, dissolved oxygen (DO), NaCN, Au, Ag and Cu.

After completion of the leach period, the slurry was screened to remove the carbon. The screened slurry was then washed, filtered and dried.

Duplicate portions were split from the tailings and assayed for residual gold and silver content. The screened carbon was dried and assayed for gold and silver content. The results of the bottle roll leach test are summarized in Table 1.

Diagnostic leach testing is designed to determine the metal association within a sample material by leaching the material in six stages with various pretreatments for each stage. For this testing, five (5) separate composite samples were selected based on location. Leaching was conducted on a pulverized (80% passing 200 mesh Tyler) portion of material from each composite.

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: 604-6381589

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


This email was sent to: .com

 

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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TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
11,04 US$+1,38%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,54 GBX-2,53%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,06 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,52 CA$+6,78%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
16,05 CA$+2,62%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,24 CA$+2,13%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,20 AU$-2,44%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,90 CA$+1,60%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
51,43 US$-0,46%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :