🕐21.12.11 - 19:54 Uhr
RYE PATCH GRANTED ACCESS TO THE LH CLAIMS
=======================================================================
News Release - Wednesday, December 21, 2011
Rye Patch Granted Access To The LH Claims
=======================================================================
Vancouver, British Columbia, December 21, 2011 - Rye Patch Gold Corp
(TSX.V: RPM; OTCQX: RPMGF) ("Rye Patch" or the "Company") reports that
the state district court in Pershing County, Nevada granted access to
Rye Patch Gold on the LH claims outside of a court-defined boundary.
To
ensure the safety of Coeur Rochester and Rye Patch Gold employees,
contractors and consultants, the Sixth Judicial District Court outlined
an area encompassing the Rochester mines current open pit, waste dumps
and heap-leach pads and a buffer area around them.
The enjoined areas
affect only a portion of the lands on which the 402 senior LH
unpatented mining claims are located.
Rye Patch Gold has access to
continue exploration and development work on the remaining LH
unpatented mining claims.
The District Court will enter a formal
written order.
The 402 unpatented mining claims cover 30.3 square kilometres and an
unknown portion of the Rochester and Nevada Packard resources along
with numerous gold-silver targets which Rye Patch Gold has identified
within the newly staked ground.
The geologic team is working to assess
the amount of gold and silver resource present on the LH claims.
According to Coeur dAlenes disclosure statement, as much as 20% of
the Rochester mines reserves and a significant portion of the resource
lie within the LH claims.
Rye Patchs geologic team will be back on the ground sampling, mapping
and preparing for a winter drill program.
Permits for drilling have
been submitted to the BLM for the Packard/Mystic target and the portion
of the Northwest Rochester discovery area outside of the injunction
boundary.
A third drill permit is in the works for the Independence
Hill area adjacent to the Companys 100% owned and controlled Lincoln
Hill project.
Published drill results show the Nevada Packard resource
continued from the patented claims northward on to the LH claims.
Several additional targets are within the claim block including the
Mystic, Independence Hill and Limerick Basin which will be permitted.
Finally, the Black fault zone is within the eastern portion of the LH
Claims.
This ore control has significant potential and controls gold
and silver mineralization at the Relief Canyon, Packard, Rochester, and
Spring Valley deposits.
All these targets are presently being
evaluated and prioritized.
The Rochester ore body is open to the north and northwest and the pit
boundary is projected by Coeur dAlene to expand on to Rye Patch Golds
senior LH unpatented mining claims.
The court-ordered injunction remains in place until resolution of Rye
Patch Golds claim that title to the senior LH unpatented mining claims
is superior to the junior unpatented mining claims which Coeur
Rochester staked over the LH Claims.
This injunction order supersedes
the Temporary Restraining Order the judge entered on December 5, 2011
against Rye Patch.
The underlying legal action in this case will
continue and discovery will commence with a trial expected in 2012.
As announced on May 18, 2010, May 11, 2009, and June 2, 2009, in
respect of the Lincoln Hill, Wilco, and Jessup projects, Rye Patch
Golds resource inventory along the Oreana trend totals 1,182,780
ounces of gold and gold equivalent in the measured and indicated
category plus 2,727,100 ounces of gold and gold equivalent in the
inferred category.
Rye Patch Gold Corp.
is exploring well-known mineral trends in Nevada -
the worlds fourth-richest gold region.
Starting with 150,000 inferred
ounces of gold in mid-2007, this well-funded Company now has
1.2-million ounces of gold and gold equivalent in the measured and
indicated category, plus 2.7-million ounces of gold and gold equivalent
in the inferred category.
Rye Patch Gold 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 Companys seasoned management team is engaged in acquisition,
exploration, and development of quality resource-based gold and silver
projects.
Rye Patch Gold is developing gold and silver assets along
the emerging Oreana trend, located in west-central Nevada, and is
exploring 66 square kilometres along the Cortez trend near Barricks
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 Rye Patch
Gold, please visit our website at www.ryepatchgold.com .
On behalf of the Board of Directors
William Howald
William C.
(Bill) Howald, CEO & President
For additional information contact:
Rye Patch Gold Corp
Tel.: (604) 638-1588
Fax: (604) 638-1589
This news release contains forward-looking statements, which address
future events and conditions, which are subject to various risks and
uncertainties.
The Companys actual results, programs and financial
position could differ materially from those anticipated in such
forward-looking statements as a result of numerous factors, some of
which may be beyond the Companys control.
These factors include: the
availability of funds; the timing and content of work programs; results
of exploration activities and development of mineral properties, the
interpretation of drilling results and other geological data, the
uncertainties of resource and reserve estimations, receipt and security
of mineral property titles; project cost overruns or unanticipated
costs and expenses, fluctuations in metal prices; currency
fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions
of the Companys management on the date the statements are made.
The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
=======================================================================
Copyright (c) 2011 RYE PATCH GOLD CORP.
(RPM) All rights reserved.
For more information visit our website at http://www.ryepatchgold.com/
or send mailto:
=======================================================================