Rye Patch Acquires Land At Lincoln Hill Project
VANCOUVER, BC - Rye Patch Gold Corp. has entered into a lease agreement with Nevada Land and Resource Company, LLC for three parcels of land in Pershing County, Nevada, totaling approximately 2.1 square kilometres (515 acres) located immediately adjacent to the Company's 100% owned and controlled Lincoln Hill project.
The land acquisition gives Rye Patch surface access to and from drilling sites on its Lincoln Hill project including the newly identified Roosevelt and North Anomaly zones.
The Company announced surface rock-chip sample results from the Roosevelt zone which returned significant high-grade gold and silver values up to 97.92 g/t Au and 1,527 g/t Ag, 97.5 g/t Au and 1,303 g/t Ag, 34.79 g/t Au and 779 g/t Ag, and 14 g/t Au and 183 g/t Ag, along a highly oxidized zone. A lower grade gold halo was identified in the surrounding altered outcrops and returned gold values ranging from 0.11 g/t gold to 2.77 g/t gold.
At the North Anomaly, gold-in-soil values greater than 25 ppb define a zone 300-metres by 250-metres in dimension. The soil anomaly outlines a zone of stockwork quartz veining within altered rhyolite lithologies. Mapping shows the mineralization is associated with a mafic dike (lamprophyre dike). The newly identified target is located just north of High Grade canyon and has similar geologic characteristics to the Lincoln Hill resource.
"We are very pleased with the new soil and rock-chip geochemical results at Lincoln Hill, and the new lands allow the Company to access drill sites on these new targets once they are permitted. As I mentioned before, the two newly identified gold zones and the extension of the Washington zone shows the upside potential of project remains high," stated William C. (Bill) Howald, the Company's President and CEO.
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.
The company's address is 1740-1177 West Hastings Street, Vancouver, BC V6E 2K3, (604) 638-1588, fax: (604) 638-1589, email: [email protected].