Friday, 28th March 2008 (1439 views)

Nevada-focused mining company Rye Patch Gold has extended the gold mineralisation zones at the Jessup resource project and identified a new target for drilling.

The firm announced that several months of geological mapping, core drillhole re-logging and reverse circulation have been completed.

As a result, it revealed that the San Jacinto target was found to contain two separate types of gold-silver mineralisation - high-grade, gold-silver breccias and disseminated, lower-yielding deposits in a felsic rhyolite tuff.

In addition, North Jessup evaluation showed the gold-silver deposit to remain open, with the west of the deposit returning gold values through rock-chip sampling of 1.3 g/t gold and 0.93 g/t gold.

This, it explained, suggested that mineralisation extends 260 metres to the west.

A new target zone was identified in the north-eastern section of the Jessup site, which is named Gold King. This returned values via rock-chip sampling of between 1.0 g/t gold and 2.6 g/t gold.

Rye Patch added that the previously announced drilling programme of 3,000 metres is expected to start in July of this year.

As well as the aforementioned project, Rye patch is currently developing Wilco, its advanced-stage primary asset in the Humboldt Gold Trend, located in west-central Nevada.

 

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