Rye Patch Discusses Exploration Programs and Budget for 2014 - Seite 2

The budget will total US$1,250,000, and drilling will commence in July.

Oreana Trend:

Lincoln Hill/Gold Ridge: At Lincoln Hill, mapping shows the strike extension of the mineralized zone southward toward Independence Hill. Surface mapping and rock-chip sampling at Independence Hill confirm four separate high-grade corridors crossing outcrop exposures at the Alexander Hamilton, Buck&Charlie, Looney, Hill Top, and Octopus historic mines.

Near the Buck&Charlie mine, a rock-chip sample returned 37.5 g/t Au and 2,070.0 g/t Ag from a breccia outcrop. The breccia has been mapped for 380 metres along a southwest to northeast trend. At the Looney mine, a rock-chip grab sample returned 22.87 g/t Au and 9.7 g/t Ag from quartz vein material. Surface exposures in the old workings and shafts indicate the zone is at least a 300 metre strike length, and at the Octopus mine, several samples returned significant gold and silver along 160 metres of strike along the main structural zone including 1.62 g/t Au and 568.0 g/t Ag; 1.11 g/t Au and 77.6 g/t Ag; 0.05 g/t Au and 497 g/t Ag; 0.69g/t Au and 240.0 g/t Ag. The historic workings follow a breccia zone.

At the Roosevelt zone, significant surface gold and silver assays were returned including 34.79 g/t Au and 779 g/t Ag; 14 g/t Au and 183 g/t Ag; 97.92 g/t Au and 1527 g/t Ag; and 97.5 g/t Au and 1303 g/t Ag along a high-grade structural trend.

At Independence Hill, the overall strike length of the breccia, vein, and stockwork zones is 1.3 kilometres which has the potential to significantly expand the Lincoln Hill resource.

Drilling on north Gold Ridge anomaly will be addressed this summer. At north Gold Ridge, surface rock-chip samples taken at random intervals along the jasperoid outcrop returned encouraging results such as 3.120 g/t Au and 19.2 g/t Ag, and 2.860 g/t Au and 51.1 g/t Ag.

Drilling on the project will begin in May and will cost US$1,150,000.

Wilco: Exploration activities continued at Wilco with new detailed mapping, rock-chip sampling and interpretation of geophysical and historical drilling data. This work was designed to extend the Section Line and Colado gold and silver resource areas by identifying drill targets located adjacent to these resources. Based on this work, two promising drill target areas were identified.