Rye Patch Gold Corp.
Rye Patch Gold Begins Drilling
On Lincoln Hill And Gold Ridge
VANCOUVER, BC, July 10, 2008 - Rye Patch Gold Corp (TSX.V: RPM and RPM.WT) ("Rye Patch" or the "Company") announces a second drill rig has been secured and has been mobilized to its Lincoln Hill-Gold Ridge project. An initial 2,000-metre, reverse circulation drilling program is underway to test new high-grade gold and silver anomalies identified by the Rye Patch exploration team at Lincoln Hill-Gold Ridge. Eklund Drilling of Elko, Nevada provided the second drill.
The Lincoln Hill-Gold Ridge drill program will target high-grade surface and underground rock-chip samples located within a highly fractured volcanic unit showing moderate to intense stockwork quartz-tourmaline vein zones. The drilling will test for high-grade gold and silver mineralization along a 1,200-metre by 300-metre east-northeast trending zone as well as test for deeper parallel features within the volcanic pile.
In addition, a second target is located in the pediment along the western flank of Lincoln Hill. This structural zone has returned anomalous gold along a 1.6-kilometre structural trend and includes alteration and significant pathfinder elements within the adjacent pediment gravel.
"We are excited to begin drilling at our Lincoln Hill-Gold Ridge project. With our program well underway at Wilco and starting a Lincoln Hill, we now have two Eklund drill rigs working at our projects searching for new zones of gold mineralization. The Lincoln Hill area shows good potential for new high-grade gold and silver intercepts. Currently, we have sufficient funding and permitting in place to increase our programs should results warrant additional drilling", stated Rye Patch's CEO and President, William C. (Bill) Howald.
As released on the Company's Wilco project on May 12, 2008, and on the Jessup project in December 11, 2007, Rye Patch Gold now holds 779,517 ounces of gold in the measured and indicated category plus 1,151,776 ounces of gold in the inferred category. Rye Patch Gold's NI43-101 Gold Resource Inventory is available at the company's website, www.ryepatchgold.com.
Dr. Radu Conelea, AIPG Certified Professional Geologist #06871, Rye Patch Gold's Chief Geologist, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program. He has verified the information and has reviewed and approved the contents of this news release.
Rye Patch Gold maintains a strict quality control program at all of its projects. ALS Chemex collects the Wilco and Lincoln Hill-Gold Ridge drill samples onsite and transports the samples directly to the ALS Chemex's preparation and analysis facility located in Reno, Nevada. Analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods, with an atomic absorption finish.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold projects. Rye Patch Gold is developing its primary assets -- the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company is seeking gold opportunities that continue to create shareholder value and leverage the gold price. The Company's goal is to have 5-million ounces of gold inventory within the next 3 years.
For more information on Rye Patch Gold Corporation contact Karen Robb, Investor Relations, Phone: 604-638-1588, Fax: 604-638-1589, Email: info@ryepatchgold.com or visit the web site at www.ryepatchgold.com.
Special Note Regarding Forward-Looking Statements-Certain statements in Gold Stock News Mining Stocks Updates constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: risks inherent in restrictions of foreign ownership; uncertainties relating to carrying on business in foreign countries; the Company's history of operating losses and uncertainty of future profitability, uncertainty of access to additional capital environmental liability claims and insurance; and dependence on joint venture partners. Certain forward-looking statements will be identified by a cross-reference to the Special Note. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements made by the company are not guarantees of future performance, and that the actual results may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to, the Company's ability to be able to continue its substantial projected growth, or be able to fully implement its business strategies, or that management will be able to successfully integrate the operations of its various acquisitions.
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