VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/21/13 -- Rye Patch Gold Corp. (TSX VENTURE: RPM)(OTCQX: RPMGF)(FRANKFURT: 5TN) (the "Company" or "Rye Patch") is pleased to announce the results of its fall 2012 drilling program on the LH claims in Pershing County, Nevada. The drilling was highly successful and includes the following highlights:
-- Drilling expanded the Mystic Silver-Gold zone southward where a thick -183 metre - zone with multiple higher grade drill intersections was encountered in RMR-060;-- In the South Packard Pediment, drilling extended gold and silver mineralization to the northeast, and in-fill drilling confirmed the predictability of the geologic model;-- The West Pediment target returned encouraging assay results from a blind, covered north-northwest geophysical target west of the Rochester and Packard mines; and-- Surface rock-chip sampling at Sunflower Hill returned gold assays averaging 10.365 g/t gold and 483.2 g/t silver.
At the Mystic zone, drilling focused on the parallel northeast structural zones. Drillhole RMR-060 was drilled south of RMR-032 and RMR-035, and confirms the Mystic area is a wide zone of parallel northeast trending quartz vein swarms. The area is partially covered with a thin veneer of alluvium making outcrops sparse. Drillhole RMR-060 drilled 183 metres grading 11.8 g/t Ageq with multiple internal zones ranging from 19.3 g/t Ageq to 29.0 g/t Ageq over 4.6 to 38.1 metres. The existing drilling covers an area roughly one kilometre by one kilometre; however, the northeast strike potential may be up to three kilometres and connect with the Sunflower Hill target.
The South Packard Pediment drilling followed up on drillholes RMR-039 to RMR-044 drilled in the spring of 2012. The fall program defined the orientation of the high-grade silver encountered in RMR-039, RMR-041 and RMR-042. Drillholes RMR-062 and RMR-063 intersected significant zones of mineralization including 72.9 g/t Ageq over 94.5 metres in RMR-062, and 20.5 g/t Ageq over 117.3 meters in RMR-063. RMR-064 closed the system to the southeast. The South Packard Pediment mineralization is approximately one kilometre in length, and the zone is open to the northeast and southwest.
The West Pediment zone is an exciting new zone identified in the ground magnetic geophysical survey. The zone extends from the Lincoln Hill Gold-Silver deposit located four kilometres to the north. The over length of the anomalous geophysical zone is over six kilometres. At Lincoln Hill, the gold and silver deposit is located along the margin of the magnetic geophysical anomaly. The anomaly trends north-northwest and five drillholes were completed on the LH claims. The drillholes returned encouraging gold and silver assays, and the zone warrants additional exploration.
At Sunflower Hill, rock-chip samples returned gold values ranging from 0.243 g/t gold to 87.39 g/t gold with an average of 10.365 g/t gold. Silver assays range from 4.4 g/t silver to 2,990 g/t silver and average 483.2 g/t silver over a 300 metre by 300 metre area. The Sunflower Hill area lies immediately adjacent to the Rochester pit along the ridge that separates Rochester Canyon from Weaver Canyon. The gold and silver values are associated with a northeast trending, strongly altered and oxidized rhyolite. The Sunflower zone is believed to connect with the Mystic zone located three kilometres to the southwest. Additional exploration work is required to confirm how the Mystic and Sunflower Hill zones connect.