Rye Patch Gold Corp announces final results from their 2010 drilling campaign on it’s Gold Ridge project which tested the Silver Ridge and Red Hill targets.
Rye Patch Gold Corp (TSXV:RPM) announces final results from their 2010 drilling campaign on it’s Gold Ridge project which tested the Silver Ridge and Red Hill targets.
The press release is quoted as saying:
At the Silver Ridge target, the drilling program successfully intersected significant thicknesses of gold and silver mineralization in the northern portion of the target. Gold and silver mineralization was first identified in outcropping quartz vein alteration zones located on the east flank of a gently dipping anticline. Anomalous gold (10ppb to 300 ppb gold) and silver (1ppm to 238 ppm silver) were reported in surface rock-chip samples. Drillhole GR-002 targeted the core of the altered anticline and intersected a silicified and quartz-veined zone starting at a depth of 56.4 metres. The newly identified zone contains a significant thickness of gold and silver – 0.28 g/t gold and 9 g/t silver over 39.6 metres including a three metre intercept grading 0.98 g/t gold and 18.5 g/t silver. The significance of this intercept is the thickness of alteration and mineralization within the axial zone of the anticline suggesting a strong metal system is present.
Click here to access the entire press release: