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Rye Patch Gold Corp.
Summary
| Project: | Florida Canyon Mine | |
|---|---|---|
| Deposit: | Florida Canyon Mine | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2017: Rye Patch Gold Corp. announces an Exploration/Drilling Update report for its Florida Canyon Mine deposit at the Florida Canyon Mine project. Drilling results incl. 70.1m @ 2.94g/t Au from 79.2m. Vancouver, British Columbia, November 29, 2017 - | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William Howald (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, November 29, 2017 - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports results of scout drilling of the sulfide zone at the Company’s flagship Florida Canyon mine in Nevada. William Howald, Rye Patch President and CEO said, “We are extremely pleased with the results of this scout drilling program. Based on the drill results and our exploration model, management believes the sulfide blanket beneath Florida Canyon could host a substantive high-grade ore body beneath the oxide zone. By quantifying the sulfide mineralization, Florida Canyon has the initial makings of a world-class ore body located in Nevada.” The reverse circulation (RC) drill program was designed to test the distribution of the sulfide body and validated the current geologic model and ore controls. The three gold zones identified in drill hole FCR-17-015 consist of 35.1 metres grading 2.08 g/t gold starting at 88.4 metres, 57.9 metres grading 1.30 g/t gold starting 129.5 metres, and 15.2 grading 1.08 g/t gold starting at 236.2 metres, all using a 1.0 g/t gold cut off. The drillhole was located in an untested sulfide area between the Central and Main pits. The intersections confirm the notion that the mineralization has a similar structural geometry to the oxide zone thus connecting the two zones. The multiple intercepts demonstrate a substantial thickness and breadth of the sulfide zone. | |
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