High-Grade Silver Targets At Legal Tender Property

VANCOUVER – Rush Gold Corp. reported the development of high-grade silver plus gold exploration targets at the Company’s recently optioned Legal Tender Property. The Legal Tender Property is located 5 kilometres north of Rush Golds’ Skylight Property, located approximately 60 kilometers northwest of Tonopah, NV within the Royston Hills Republic Mining District, Nye County, and covers most of the Republic Mining District, a silver-gold epithermal camp that saw limited production in the early 1900s.

“The Legal Tender Property hosts a number of small-scale, historic, high-grade silver past producers,” said Anthony Zelen, CEO. “The presence of multiple vein systems over a combined strike length of 1.65 kilometres has identified several priority targets for follow-up exploration on a property with no record of prior diamond drilling. We look forward to advancing these targets through additional ground exploration in conjunction with work on our nearby Skylight Property.”

At the Legal Tender Property, both northeast and northwest vein trends are recognized, with parallel or en echelon veins systems present along each trend. The veins were historically exploited by a total of 19 vertical and inclined shafts and numerous test pits over a combined strike length of 1.65 kilometers, most notably at the Black Butte, Hyland and Faris mines.

A limited campaign (41) of selective grab sampling in 20216 by Silver Range Resources Ltd. yielded high-grade silver values, including 1,875 grams-per-tonne (g/t) silver, and 3.04 g/t gold, with all samples yielding a combined average of 178 g/t silver and 0.25 g/t gold. The Republic Mining District contains numerous high-grade silver plus gold epithermal past producers.

The presence of similar satellite ASTER spectral anomalies within both projects are interpreted to indicate that both projects may occur within the same large hydrothermal system. The presence of silica cap rocks at Skylight and high-grade silver veins at Legal Tender suggest mineralization may occur higher and relatively deeper within the hydrothermal system, respectively.

The ASTER alteration anomalies are observed to flank surface outcrop mapping which indicates the presence of a possible preserved silica cap. The combined exploration dataset to date at Skylight indicates the presence of a significant potentially intact low sulfidation epithermal gold-silver system, which remains largely untested.