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Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totaling over 100-million ounces of gold.

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NR - Rye Patch Reports LH Claims Exploration Results

posted on May 08, 2013 10:58AM

http://www.marketwire.com/press-release/rye-patch-reports-lh-claims-exploration-results-tsx-venture-rpm-1788134.htm

May 08, 2013 09:00 ET

Rye Patch Reports LH Claims Exploration Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2013) - Rye Patch Gold Corp (TSX VENTURE:RPM)(OTCQX:RPMGF)(FRANKFURT:5TN) (the "Company" or "Rye Patch") is pleased to announce an exploration update on the LH claims located in Pershing County, Nevada. Exploration activities continue on the LH unpatented lode mining claims with new surface rock-chip sampling results from the Mystic and South Packard Pediment targets:

At Mystic, continuous rock-chip channel sampling returned 42.7 metres grading 90.3 g/t Ageq on the southern end of the Mystic target;
In the South Packard Pediment, continuous rock-chip channel sampling returned seven sections with values ranging between 32.9 g/t Ageq to 62.5 g/t Ageq over thicknesses ranging from 9.14 metres to 46.3 metres; and
The South Packard rock-chip channel sampling defines the surface projection of a higher grade zone measuring 200 metres long and averaging 25 metres wide within a larger one kilometre northeast-southwest structural zone.

Table 1: Summarized continuous rock-chip sampling results from Mystic and South Packard.
Area	Length (metres)	Au g/t	Ag g/t	Ageq g/t
Mystic	42.7	1.09	35.8	90.3
Mystic	6.1	0.54	86.1	113.0
South Packard	22.9	0.123	40.9	47.1
South Packard	39.6	0.179	29.5	38.5
South Packard	17.4	0.700	27.5	62.5
South Packard	46.3	0.074	32.1	35.8
South Packard	5.2	0.093	42.7	47.4
South Packard	36.6	0.095	28.2	32.9
South Packard	9.14	0.212	36.9	47.5
Ageq = (Au/50) +Ag

Exploration work continues on the LH claims in the Mystic and South Packard targets areas. In the Mystic area, continuous rock-chip channel sampling returned 42.7 metres of 1.09 g/t gold and 35.8 g/t silver. Using a 50 to 1 silver to gold conversion, the interval averages 90.3 g/t Ageq. The eastern rock-chip channel sample returned 3 metres grading 13.1 g/t gold and 252 g/t silver. An additional 10 metres of channel rock-chip sampling is pending.

At South Packard, continuous rock-chip sampling was conducted on outcrop exposures. The southwestern most exposure returned 22.9 metres to 39.6 metres grading 47.1 g/t Ageq and 38.5 g/t Ageq respectively. Three zones were sampled approximately 50 metres to the northwest and returned 17.4 metres grading 62.5 g/t Ageq, 46.3 metres grading 35.8 g/t Ageq, and 5.2 metres grading 47.4 g/t Ageq. Seventy-five metres farther to the northeast returned 36.6 metres grading 32.9 g/t Ageq, and a fourth area, approximately 25 metres along strike returned 9.14 metres grading 47.5 g/t Ageq. The over strike of the area sampled is 200 metres.

Rye Patch Gold US Inc. maintains a strict quality control program at all of its projects. The rock samples are delivered to American Assay preparation and analytical facility located in Reno, Nevada. Gold analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods with an atomic absorption finish. Gold values above 10 g/t gold (over limits) are confirmed using fire assay with a gravimetric finish. Silver is analyzed using a two- or four-acid digestion and an AA finish. Silver values over 100 g/t silver are re-analyzed using volumetric dissolution.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold's CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has verified the information contained in, and has reviewed and approved the contents of, this news release.

Rye Patch Gold US Inc. controls over 100 square kilometres (40 sq. miles) along the Oreana trend. The senior LH and OG Claims which comprise the Rochester Project consist of 413 unpatented lode mining claims which control senior mineral title over 30 square kilometres (approximately 7,500 acres). Mineral title to the LH and OG unpatented lode mining claims is disputed by Coeur Rochester Inc. a wholly owned subsidiary Coeur d'Alene Mines Corporation.

The Company is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in the acquisition, exploration, and development of quality resource-based gold and silver projects. Rye Patch Gold US Inc. is developing gold and silver resources along the emerging Oreana trend, located in west-central Nevada, and is exploring 66 square kilometres along the Cortez trend near Barrick's two new gold discoveries. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. For more information about the Company, please visit our website at www.ryepatchgold.com.