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Message: Receives 5.2 g/t Au From Surface Structures at Wilco
| March 19, 2009 | ||
| Rye Patch Receives 5.2 g/t Au From Surface Structures at Wilco | ||
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2009) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT)(OTCBB:RPMGF) ("Rye Patch" or the "Company") reports gold and silver results from recent surface rock-chip sampling within the North Basin target at Wilco. Detailed mapping and surface rock-chip sampling shows gold and silver mineralization associated with high-angle fault structures and intrusive breccias. Gold assays as high as 5.2 grams per tonne (0.152 opt Au) are reported in the table. Table 1 summarizes the surface samples collected in North Basin.----------------------------------------------------------------------
TABLE 1: WILCO PROJECT NORTH BASIN SURFACE ROCK SAMPLES
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Gold Silver Sample Length
Sample ID gram/tonne gram/tonne Description (metres)
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47574 0.176 1.4 Channel 2.0
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47575 0.042 0.2 Channel 1.0
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47576 0.038 0.2 Random Grab -
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47577 0.015 0.3 Channel 1.0
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47578 0.131 0.9 Channel 1.2
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47579 0.091 less than 0.2 Channel 1.2
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47580 0.554 1.0 Channel 1.2
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47581 0.197 1.5 Channel 1.3
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47582 0.357 5.7 Channel 0.5
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47583 0.047 0.2 Channel 0.5
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47584 0.069 0.5 Dump -
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47585 0.204 1.3 Channel 1.0
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47586 0.126 0.2 Channel 2.0
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47587 0.068 0.5 Channel 0.5
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47588 0.174 0.8 Channel 9.0
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47589 0.022 0.8 Random Grab -
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47590 0.019 1.0 Channel 1.0
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47591 0.262 2.2 Channel 0.5
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47592 0.02 0.4 Random Grab -
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47593 0.038 0.4 Channel 0.5
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47594 0.713 2.1 Channel 0.4
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47595 5.200 2.9 Channel 4.0
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47596 0.262 2.9 Channel 1.2
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47597 0.306 30.8 Random Grab -
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Samples 47594, 47595, and 47597 show high gold and silver values related to high-angle structures located along the east margin of the North Basin target area. These gold and silver surface anomalies are priority drill targets for additional high-grade, near-surface oxide mineralization on the Wilco project. "The association of gold mineralization with an intrusive is a common theme developing in the area. The potential is evident with recent gold discoveries that a new Nevada trend is emerging with Rye Patch Gold controlling a considerable portion of the trend with its Wilco and Lincoln Hill projects," stated Rye Patch's CEO and President, William C. (Bill) Howald. As released on the Company's Wilco project on May 12, 2008, and on the Jessup project on December 11, 2007, Rye Patch Gold now holds 779,517 ounces of gold and gold equivalent in the measured and indicated category plus 1,151,776 ounces of gold and gold equivalent in the inferred category. The table below summarizes the resources for Rye Patch Gold's advance-stage projects. --------------------------------------------------------------------------
Table 2: Rye Patch Gold's NI43-101 Gold Resource Inventory
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Contained
Tons Gold Silver Contained Contained Gold &
Resource (X Grade Grade Gold Silver Gold Equiv.
Property Category(1) 1,000) opt opt Ounces Ounces Ounces(3)
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Wilco(2) Measured 8,091 0.018 NC 146,701 NC 146,701
Indicated 32,950 0.015 NC 478,816 NC 478,816
Inferred 99,978 0.011 NC 1,124,776 NC 1,124,776
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Jessup(2) Measured 0 0 0 0 0 0
Indicated 5,423 0.022 0.31 120,000 1,655,000 154,000
Inferred 1,265 0.017 0.23 22,000 286,000 27,000
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Total Measured Resources 146,701 0 146,701
Total Indicated Resources 598,816 1,655,000 632,816
Total Inferred Resources 1,146,776 286,000 1,151,776
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(1) Conforms to 43-101 definitions for resources. All numbers are rounded.
(2) Cutoff grade for Willard Measured and Indicated resource is reported
at 0.0056 opt Au for oxide mineralisation and 0.042 opt Au for sulphide
mineralisation. The Inferred resource is reported at 0.0056 opt 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. Cutoff grade for Jessup is
0.01 oz Au/t for oxide mineralisation, 0.015 oz Au/t for mixed
material, and 0.025 oz Au/ton for all unoxidised material;
(3) Jessup Resource includes Au equivalent ounces (50g/t Ag equals 1g/t
Au). NC equals not calculated
Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold's CEO and President, is the Qualified Person as defined under National Instrument 43-101. He has verified the information and has reviewed and approved the contents of this news release. Rye Patch Gold maintains a strict quality control program at all of its projects. Rock-chip samples are delivered to ALS Chemex's preparation and analytical facility located in Reno, Nevada. Analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods, with an atomic absorption finish. Rye Patch Gold Corp. 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 project located within the Humboldt Gold Trend in west-central Nevada and the Jessup project in Churchill County, 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 C. (Bill) Howald, CEO & President |
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