Company Update – Wed 11 Dec, 2013

Rye Patch Receives Positive Metallurgical Results From Lincoln Hill

Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to report the results of recent bottle-roll metallurgical test work from the 100% controlled Lincoln Hill project. Kappes, Cassidy & Associates (KCA) of Reno, Nevada completed the bottle roll metallurgical testing. Twelve composites were utilized and are reported below.

HIGHLIGHTS:

  • A total of nine oxide composites yielded an average recovery of 83% for gold and 84% for silver, with values ranging between 70% to 95% for gold, and 51% to 95% for silver;
  • Three sulfide composites returned an average of 80% recovery for gold and 61% recovery for silver; and
  • The twelve combined oxide and sulfide composites have an average recovery of 82% for gold and 79% for silver;
  • KCA performed metallurgical tests on 12 separate composites that were composited by rock type, silicification, oxidation state and gold grade.

A total of twelve composites were identified incorporating attributes of rock type, alteration, and oxidation state within three gold grade ranges for the Lincoln Hill deposit. The composites for bottle-roll metallurgical testing were constructed from drillhole intervals with similar grades from multiple drillhole intercepts across the deposit. Table 1 shows the drillholes used for each composite.

Table 1: Drill Holes Used to Make Composites
Composite
Number of
Holes
Hole Numbers
1.1
6
LR-018, LR-024, LR-053, LR-054, LR-059, LR-067
1.2
8
LR-018, LR-024, LR-058, LR-067, LR-079, LR-084, LR-090, LR-092
1.3
3
LR-067, LR-079, LR-084
1.4
5
LR-053, LR-054, LR-056, LR-058, LR-079
2.1
8
LR-018, LR-024, LR-053, LR-059, LR-067, LR-079, LR-084, LR-092
2.2
8
LR-018, LR-024, LR-061, LR-079, LR-084, LR-086, LR-090, LR-092
2.3
2
LR-067, LR-084
2.4
5
LR-053, LR-079, LR-082, LR-084, LR-087
3.1
7
LR-018, LR-024, LR-053, LR-059, LR-067, LR-079, LR-092
3.2
12
LR-018, LR-024, LR-050, LR-050, LR-053, LR-058, LR-061, LR-067,
LR-079, LR-084, LR-086, LR-090, LR-092
3.3
2
LR-067, LR-084
3.4
3
LR-079, LR-082, LR-084

Table 2 shows the gold grade ranges used for the composites, and the sub grouping nomenclature used to identify the composite rock type, alteration, and oxidation attributes.

Table 2: Composite Group Explanation
Composite Groups
Grade Range
1
(Au > 0.50 ppm)
2
(0.20 ppm < Au < 0.49 ppm)
3
(0.086 ppm < Au < 0.20 ppm)
Sub Groups
Oxide
Silicification
Sulfide
0.1
1
2 –> 3
0 –> 1
0.2
2
2 –> 3
0 –> 1
0.3
3
2 –> 3
0 –> 1
0.4
N/A
2 –> 3
1 –> 3

Table 3 shows the results of the 96-hour metallurgical bottle-roll tests for 10 mesh, 150 mesh and 200 mesh on oxide material along with reagent consumption.

Table 3: Lincoln Hill Oxide Material – 96 Hour Bottle Roll Test
Composite Number
Crush Size,
mesh Tyler
Target p80 Size,
mesh Tyler
Au
Extracted,
%
Ag
Extracted,
%
Consumption
NaCN,
lbs/st
Addition
Ca(OH)2,
lbs/st
Comp 1.1
10
92%
94%
0.25
2.00
Comp 1.1
150
94%
95%
1.44
2.00
Comp 1.1
200
95%
95%
1.24
2.00
Comp 1.2
10
82%
83%
0.47
3.00
Comp 1.2
150
93%
86%
0.82
2.00
Comp 1.2
200
93%
87%
1.02
2.00
Comp 1.3
10
70%
78%
0.36
3.00
Comp 1.3
150
82%
85%
1.97
2.00
Comp 1.3
200
84%
86%
3.11
2.00
Comp 2.1
10
74%
90%
1.03
2.00
Comp 2.1
150
89%
95%
2.33
2.00
Comp 2.1
200
83%
95%
2.82
2.00
Comp 2.2
10
76%
77%
0.76
2.00
Comp 2.2
150
82%
88%
1.29
2.00
Comp 2.2
200
83%
85%
2.05
2.00
Comp 2.3
10
72%
51%
0.44
2.00
Comp 2.3
150
83%
68%
2.49
2.00
Comp 2.3
200
80%
70%
2.93
2.00
Comp 3.1
10
73%
81%
0.53
3.00
Comp 3.1
150
87%
89%
2.29
2.00
Comp 3.1
200
89%
89%
2.98
2.00
Comp 3.2
10
77%
68%
0.39
2.00
Comp 3.2
150
84%
85%
1.22
2.00
Comp 3.2
200
83%
83%
2.49
2.00
Comp 3.3
10
70%
90%
0.58
1.00
Comp 3.3
150
84%
94%
0.85
2.00
Comp 3.3
200
75%
94%
2.79
2.00

A total of nine oxide composites yielded an average recovery of 83% for gold and 84% for silver, with values ranging between 70% to 95% for gold, and 51% to 95% for silver.

Table 4 shows the results of the metallurgical bottle-roll tests for 10 mesh, 150 mesh and 200 mesh on sulfide material. The three sulfide composites returned an average of 80% recovery for gold and 61% recovery for silver.

Table 4: Lincoln Hill Sulfide Material – 96 Hour Bottle Roll Test
Composite
Number
Crush Size,
mesh Tyler
Target p80 Size,
mesh Tyler
Au
Extracted,
%
Ag
Extracted,
%
Consumption
NaCN,
lbs/st
Addition
Ca(OH)2,
lbs/st
Comp 1.4
10
72%
60%
0.96
2.00
Comp 1.4
150
93%
73%
2.83
2.00
Comp 1.4
200
92%
74%
3.36
2.00
Comp 2.4
10
73%
26%
1.05
2.00
Comp 2.4
150
85%
38%
3.08
2.00
Comp 2.4
200
82%
37%
3.03
2.00
Comp 3.4
10
65%
73%
1.13
1.00
Comp 3.4
150
78%
86%
2.80
2.00
Comp 3.4
200
76%
84%
2.45
2.00

William Howald, the Company’s President and CEO commented, “The results of the Lincoln Hill bottle-roll tests are very encouraging. The gold and especially the silver recoveries show the unique value opportunity in the district. The gold and silver recoveries reported are similar in character to the nearby operation at Rochester, and the advancing Spring Valley deposit.”

The results from 10 mesh (1.7 mm) on oxide material averaged recoveries of 76% recovery for gold and 79% for silver while 150 mesh on oxide material averaged recoveries of 86% for gold and 87% for silver, and 200 mesh recoveries on oxide material averaged recoveries of 85% for gold and 87% for silver. The 10% difference between 10 mesh and 150 mesh indicates that recoveries are susceptible to particle size thus Au and Ag recoveries could be enhanced by particle size.

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.

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. controls over 75 square kilometres (30 sq. miles) along the Oreana trend located in west-central Nevada, and is developing gold and silver resources along this emerging trend. In east central Nevada, Rye Patch Gold US Inc. is exploring 66 square kilometres along the prolific Cortez trend near Barrick’s new gold discovery.  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.

On behalf of the Board of Directors

‘William Howald’

William C. (Bill) Howald, CEO & President

For additional information contact:
Rye Patch Gold Corp
info@ryepatchgold.com

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Comments:
  1. On December 11, 2013 at 9:48 am,
    b says:

    Just gonna mention. Keiser did an interview with a univercity rep from a univercity in Cyprus. The students would not stop asking to pay for courses in bitcoin, so, the univercity now accepts bitcoin.

    It occurs to me, young people are speaking. This bitcoin (altho jp morgan is doing what they can to disrupt bitcoin and impliment their own digital currency) might have somthing to it.

    • On December 22, 2013 at 1:33 pm,
      franky says:

      i

  2. On December 11, 2013 at 10:46 am,
    Andrew de Berry (Rev) says:

    Keiser’s certainly a big bitcoin enthusiast, b., and the university of Cyprus would simply love to turn the tables on what happened to that island in the summer.

    • On December 11, 2013 at 1:28 pm,
      b says:

      Keiser is a huge bitcoin pumper. But….Bill Still did an excellent discussion on currencies during depressions, basically, people chose their currency, this was the same discussion that showed silver never saved anyone
      The point with these students and the univercity accepting them, is the young people are chooseing their currency, just as Bill Still said they would.
      I now think there is more to this bitcoin than “Keiser pumping.”

  3. On December 11, 2013 at 1:05 pm,
    Dai Uy says:

    Am confused on PPM versus grams, ounces or fractions thereof per ton. Is there anyone who can enlighten with a simple way to convert?

    • On December 11, 2013 at 1:37 pm,
      Tony says:

      Al

      Can you get Bill to come on and explain this info in English.
      Also get an update on what the future plans are for drilling and the cash they received from CDE. TIA

      • On December 11, 2013 at 1:57 pm,
        Cory says:

        We will have Bill either later this week or early next week to elaborate on this news. Hopefully he will clear up the questions you guys have.

        • On December 11, 2013 at 2:39 pm,
          Dick Tracy says:

          The governments are now taking a second hard look at bitcoins why ?, because they can control your money much more efficiently and rein in the underground economy and stop money laundering but it means they can also make sure your taxes and utility bills are paid first before you buy food. DT

          • On December 11, 2013 at 5:30 pm,
            b says:

            dt,
            I read that article, it wouldnt surprise me if thats exactly where we are headed.

        • On December 11, 2013 at 3:04 pm,
          Clark says:

          Thanks Cory. Nothing seems to be able to keep this stock from dropping. Maybe Bill can tell us why! It has to be more than just the soft market.

          • On December 11, 2013 at 9:36 pm,
            Big Al says:

            It is called liquidity!

    • On December 11, 2013 at 3:26 pm,
      Irwin says:

      Will one of these calculators fill the bill?

      http://tinyurl.com/kcaz4e6

      • On December 12, 2013 at 8:52 am,
        Dai Uy says:

        Thanks Irwin……………