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Rhyolite Drilling Extends Gold Discoveries at Paxson

Investing News Network
Nov. 08, 2011 10:14AM PST
Gold Investing

Rhyolite Resources Ltd. (TSXV:RYE) announced final drilling results from its Alaska-based Paxson gold project.

Rhyolite Resources Ltd. (TSXV:RYE) announced final drilling results from its Alaska-based Paxson gold project.

As quoted in the press release:

A total of four diamond drill holes comprising 536 meters were completed over the Low Target area with two holes testing the Hi-Low target which returned higher-grade gold values of 14.2 g/t gold over 2.8 meters (Hole WG11-05) and 8.6 g/t gold over 2.2 meters (Hole WG11-06) within a package of highly altered, oxidized calcareous metasediments intruded by mafic/intermediate dikes.

Click here for the Rhyolite Resources Ltd. (TSXV:RYE) press release.

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