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Rye Patch Updates Gold Resource Estimate at Wilco

Investing News Network
Jun. 27, 2012 09:39AM PST
Gold Investing

Rye Patch Gold Corp (TSXV:RPM,OTCQX:RPMGF,FWB:5TN) announced updated gold and silver resource estimates from the Nevada-based Wilco project.

Rye Patch Gold Corp (TSXV:RPM,OTCQX:RPMGF,FWB:5TN) announced updated gold and silver resource estimates from the Nevada-based Wilco project.

As quoted in the press release:

HIGHLIGHTS:

  • Using $1,200 per ounce gold and $20 per ounce silver, the in-pit resource returned 1.28 million ounce of gold and 12 million ounces of silver in the measured and indicated category;
  • The measured and indicated resources increased by 86% over the May 11, 2009, resource estimate; and
  • The resources are within two Whittle optimised pits located 1 kilometre apart.

Click here for the Rye Patch Gold Corp (TSXV:RPM) press release.

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