RYE PATCH EXPANDS ON NEW LINCOLN HILL GOLD AND SILVER ZONE
Rye Patch Gold Corp. has provided the geologic and resource potential of the recently identified Jefferson zone at Lincoln Hill. As announced in Stockwatch on Jan. 12, 2011, the company identified a new gold and silver zone on the Lincoln Hill property. The Jefferson zone's geophysical signature can be traced for 1.5 kilometres. As reported in Stockwatch on Jan. 12, drilling along a one-kilometre section of the Jefferson zone returned significant gold and silver assays associated with a northwest-oriented dike system.
The Jefferson zone has similar geologic characteristics to the Lincoln Hill resource. Within the Lincoln Hill resource, gold and silver is associated with a northwest-oriented high-angle dyke system. Where the dykes cross cut receptive rhyolite units, the mineralization is flat lying. The flat lying strataform zone helps to build tonnes within the resource area, and is where the bulk of the gold and silver reside. The rhyolite beds are folded with fold axis oriented to the northeast. At the intersection of the receptive rhyolite unit, the dike, and the fold axis, high-grade gold and silver have been drilled. An example of this style of mineralization was encountered in RC drillhole LR-013 which returned 27.2 g/t gold and 34 g/t silver over 21.3 metres starting at 23 metres, and core hole, LRC-002, returned 21.19 g/t gold over 7.0 metres starting at 25.3 metres. The new Jefferson zone has similar potential within the receptive rhyolite lithologies. A program to test the flat-lying rhyolite zones is being designed. |
