Rye Patch Gold Corp. (TSXV:RPM,OTCQX:RPMGF) announced the completion of drilling at its Nevada-based Gold Ridge project, also releasing assay results.
Highlights are as follows:
GR-027 tested the west side in the southern portion of the anticline and cut 1.16 g/t AuEq. over 42.7m including 3.28 g/t AuEq over 7.6m;
GR-032 tested the west limb in the northern portion of the anticline and intercepted 0.91 g/t AuEq over 18.3m with the drillhole ending in mineralization;
75% of the drillholes encountered significant gold and silver mineralization;
Two target areas are showing good potential and continuity along the zone; and
Structural style, alteration, and precious metal content look similar to the nearby Florida Canyon mine.
William Howald, president and CEO of Rye Patch, commented:
The 2015 drilling program extends the mineralization drilled in 2014 at the North target along strike and at depth. Management believes that Gold Ridge property has significant potential for a bulk-tonnage, low-grade gold and silver deposit. The two established targets are located less than 2 km west of the Lincoln Hill resource area, and the 2015 assay results establish the Gold Ridge project as a valuable asset and a prospective source of additional gold and silver for our Lincoln Hill resource project. While additional drilling and work are required to establish resources at the Gold Ridge deposit, these results are very encouraging.
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