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Rye Patch Gold Corp. (TSXV:RPM,OTCQX:RPMGF) announced that it’s started drilling at its wholly owned Gold Ridge project. Gold Ridge is located within the Lincoln Hill gold and silver deposit complex.
Rye Patch Gold Corp. (TSXV:RPM,OTCQX:RPMGF) announced that it’s started drilling at its wholly owned Gold Ridge project. Gold Ridge is located within the Lincoln Hill gold and silver deposit complex.
As quoted in the press release:
The Gold Ridge project, located 1.5 km west of the Lincoln Hill gold and silver resource, is a potential satellite deposit. Past drilling shows near-surface gold and silver mineralized traceable for 6 kilometres in a north-south direction. As reported on September 15, 2014, gold and silver mineralization are associated with a north-south oriented anticline and associated low-angle fault zone. Past drilling in the northern portion of the anomaly returned significant drillhole intersections including 0.67 g/t Au, 28.5 g/t Ag (1.24 g/t AuEq) over 19.8 metres and 1.3 g/t Au, 12.2 g/t Ag, (1.54 g/t AuEq) over 10.7 metres.
(AuEq is a calculated number using the reported gold value in grams per tonne plus the reported silver value in gram per tonne divided by 50)
The drilling program has 12 drillholes totaling 5,000 feet. The Bureau of Land Management (BLM) approved this program under a notice of intent; however, a larger and more encompassing Plan of Operations permit will allow for in-fill drilling and bulk sampling at the Lincoln Hill gold and silver deposit along with in-fill and exploration drilling at Gold Ridge and Independence Hill is pending at this time.
Click here to read the full Rye Patch Gold Corp. (TSXV:RPM,OTCQX:RPMGF) press release.