Ryan Gold Identifies Significant Gold-in-Soil Anomalies, Up to 1.39 g/t Au, at the Kilo Prospect, Kluane Project Area in the ...
22 Noviembre 2011 - 7:00AM
Marketwired
Ryan Gold Corp. (TSX VENTURE:RYG), "Ryan Gold" or the "Company") is
pleased to report initial anomalous gold-in-soil values of between
100 ppb and 1,392 ppb from the reconnaissance soil program
conducted on the Kilo prospect in the Kluane project area during
the 2011 exploration season. The Kilo prospect is one of seventeen
claim blocks that make up the current Kluane project are (see
attached map:http://file.marketwire.com/release/kluane.pdf).
The Kilo prospect is located approximately 148 km northwest from
the city of Whitehorse and within the Whitehorse Mining District of
the Yukon Territory. The Kilo prospect initially comprised a total
of 80 claims for 1,672 hectares (See attached map:
http://file.marketwire.com/release/kluane.pdf).
This summer a total of 486 contour and ridge and spur soil
samples were taken at 50 m sample spacing within the original Kilo
claim block. Anomalous gold-in-soil values greater than 100 ppb
gold, the upper 3% of the gold-in-soil values, and up to a maximum
of 1,392 ppb gold were identified over the claim blocks covering an
area of approximately 6 km by 5 km (See
map:http://file.marketwire.com/release/soils.pdf). The geology of
the area is comprised of coarse to medium grained granodiorite and
pegmatitic phases of the Ruby Range Batholith, 64 to 57 Ma,
together with enclaves of metasedimentary and metavolcanic material
possibly of the Finlayson Assemblage, 370 to 340 Ma. The
metasedimentary material was seen to host disseminated pyrite,
pyrrhotite and minor arsenopyrite.
The Company considers these to be extremely significant results,
especially when put into context with those results for the Venus
and Pluto claims announced in press release 11-13, November 16,
2011, and within the context of other regional soil sampling
campaigns completed in the Yukon over the past three years.
With the very encouraging soil results both on, and surrounding,
the Kilo Prospect, an additional 220 claims totalling 4,598
hectares have been staked to augment the Company's land position.
Reconnaissance ridge and spur sampling will be conducted within
this new area in the summer of 2012 and detailed soil grids and
geological mapping will be completed over the main areas of
interest. The expanded Kilo Prospect now totals 300 claims and
6,270 hectares.
Ryan Gold together with Acme Laboratory has a QA/QC policy in
place to ensure accuracy, precision and quality of results. Acme
Laboratory is an ISO 9001 registered laboratory.
The exploration program was supervised by Ian Gendall (Pr. Sci.
Nat.), Vice President Exploration of Ryan Gold Corp. who is the
"qualified person" within the definition of that term in NI 43-101.
Michael Skead (MAusIMM), and a "qualified person" within the
definition of the term in NI 43-101, has reviewed the technical
information in this news release.
About Ryan Gold Corp.
Ryan Gold Corp. is an exploration company focussed on gold
exploration primarily in the Yukon Territory, Canada. The Company
is well funded and has a large land package of approximately 5,047
km2 comprised of 83 different properties. The company's flagship
property is Ida Oro. During the summer of 2010 a soil sampling
programme completed on Ida Oro revealed a significant, greater than
100 ppb Au, gold-in-soil anomaly over an area of 4 km by 1.2 km.
The company completed an 11 drill hole drill campaign for a total
of 2,584 m. In addition to Ida Oro the Company completed an
aggressive and systematic exploration program on its other
properties that included 13,985 line kilometres of airborne
magnetic and radiometric surveys, flown on the Mahtin and Nug
properties and collected 91,168 soil samples and geological mapping
of targets borne out of this campaign. Through this aggressive
exploration program the company objective is to have at least three
other projects drill ready for the 2012 exploration season.
This press release contains forward-looking statements within
the meaning of applicable securities legislation. Such statements
include, without limitation, statements regarding the future
results of operations, performance and achievements of the Company,
including potential property acquisitions, the timing, content,
cost and results of proposed work programs, the discovery and
delineation of mineral deposits/resources/reserves, geological
interpretations, proposed production rates, potential mineral
recovery processes and rates, business and financing plans and
business trends. Although the Company believes that such statements
are reasonable, it can give no assurances that such expectations
will prove to be correct. Forward-looking statements are typically
identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which,
by their nature, refer to future events. The Company cautions
investors that forward-looking statements by the Company are not
guarantees of future results or performance, and that actual
results may differ materially from those in forward-looking
statements as a result of various factors, including, but not
limited to, variations in the nature, quality and quantity of any
mineral deposits that may be located, significant downward
variations in the market price of any mineral that may be produced,
the Company's inability to obtain any necessary permits, consents
or authorizations required for its activities, to produce minerals
from its properties successfully or profitability, to continue its
projected growth, to raise the necessary capital or to be fully
able to implement its business strategies. All of the Company's
public disclosure filings may be accessed via www.sedar.com and
readers are urged to review these materials, including any
technical reports filed with respect to the Company's mineral
properties. This press release is not, and is not to be construed
as an offer to buy or sell securities in the United States.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: For additional information, or for a copy of the early
warning report filed in respect of the above transaction: Ryan Gold
Corp. David Schmidt, VP Corporate Development (604) 639-3119
Michael Skead, CEO (416) 482-9038
(TSXV:RYG)
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