North Basin High-Grade Zone Extended At Wilco
VANCOUVER, BC - Rye Patch Gold Corp. reported additional assay results from the Company's 100% controlled Wilco project along the emerging Oreana gold and silver trend located in Nevada.
High-grade gold was successfully intersected in WRC-013 returning 1.4 metres of 16.4 g/t gold extending the North Basin high-grade gold and silver zone to over 400 metres in length; WRC-012 yielded positive results northwest of WRC-007 (31.75 g/t gold and 106.3 g/t silver over 2.1 metres starting at 85 metres) along the western edge of Section Line resource; The North Basin high-grade zone is open to the west and northwest; WRC-006 and WRC-009 show a secondary northwest alignment of the high-grade gold and silver mineralization, drilling is testing this hypothesis; and results for WRC-016 through WRC-018 are pending at this time.
William C. Howald, President and CEO, said, "The North Basin drill results continue the successful delineation of the high-grade gold and silver zone. We are very pleased with the assay grade and thickness of mineralization being reported from the North Basin drillholes, and Management believes the North Basin zone could add gold and silver ounces to the Section Line resource." Drillholes WRC-010, WRC-011, WRC-013, WRC-014 and WRC-015 tested extensions of the high-grade North Basin gold and silver mineralization to the west. High-grade gold was successfully intersected in WRC-011 and WRC-013. Drillholes WRC-014 encountered the continuation of the North Basin alteration and mineralization albeit at a lower grade. The intercepts in WRC-011 and WRC-009 show the North Basin mineralization has a width of 50 metres, and a strike length of 400 meters along an east-northeast trend. WRC-010 deflected from its designed trajectory and passed above the high-grade zone. WRC-015 was drilled below WRC-010 and encountered alteration with moderate grades. Follow up on the Section Line resource was tested by WRC-012, to the northwest of WRC-007, which intersected 31.75 g/t gold and 106.3 g/t silver over 2.1 metres starting at 85 metres. WRC-007 encountered 4.28 g/t gold over 2.8 meters at the same stratigraphic position. Alignment of the intercepts in WRC-006 and WRC-009 provides a possible 330-degree, northwest orientation, to the gold mineralization. A drillhole to test this possible hypothesis is currently in progress. Since March six more core holes totaling 2,317 metres have been completed. Four core holes tested the extension of the North Basin high-grade gold and silver zone, and one drillhole followed up on high-grade intersected at the western edge of the Section Line resource. To date, a total of 4,095 metres have been completed in 11 core holes as part of the 2011, Wilco core program. At this time, assays for WRC-016 and WRC-017 are pending, and drillhole WRC-018 is in progress. In respect of the Lincoln Hill, Wilco, and Jessup projects, Rye Patch Gold's resource inventory 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].