Jan 29 2011
Ryan Gold Corp. (TSX VENTURE:RYG), has announced results of a soil geochemistry survey of its wholly owned Ida Oro project located in the Yukon Territory.
In August of 2010 Ryan Gold initiated an exploration programme on the Ida Oro project located approximately 90 kilometres east of Dawson City, and 25 km east of the Brewery Creek mine in the Dawson Mining District, Yukon Territory. The completed exploration program included a soil geochemical sampling programme and a detailed helicopter-borne magnetic and radiometric survey.
A total of 5,490 grid auger soil samples were collected by Ground Truth Exploration Ltd. ("Ground Truth") of Dawson City, Yukon. This program confirmed a strong central gold-in-soil anomaly (>150 ppb Au) extending for 4 km in a north-south direction and approximately 1 km in an east-west orientation. The soil sampling also shows well defined coincident arsenic, antimony, mercury and copper anomalies. This gold-in-soil anomaly is co-incident with a magnetic low (magnetic signal) within the main magnetic body, as defined by the helicopter borne geophysics.
The helicopter borne survey was conducted by Canadian Mining Geophysics (CMG Airborne). Flight lines were flown at 100 m spacing, and totalled 1,170 km oriented north-south with 128.8 km of tie lines spaced at 1,000 m oriented east-west. The survey identified three intrusive bodies, one large and two smaller bodies located NW of the large intrusion.
The soil samples were collected using hand held augers by Ground Truth and were processed by Acme Analytical Laboratories Ltd. using its sample preparation and analytical laboratories in Whitehorse, Yukon and Vancouver, BC laboratories, respectively. Field duplicate samples, approximately every twentieth sample, were submitted and analysed in addition to Acme Laboratory's own standards and duplicate QA/QC programme.
In November 2010 Ryan Gold staked an additional 2,192 claims around the initial Ida Oro claim block, bringing the total claims staked by Ryan Gold in the Ida Oro area to 2,461.
The Company is in negotiations with Shawn Ryan to acquire other prospective areas under his control within the Yukon Territory.
Michael Skead (MAusIMM), CEO of Ryan Gold, has acted as the qualified person under NI 43-101 and reviewed the content of this press release.
Source: Ryan Gold Corp.