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RYG

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Share Name Share Symbol Market Type
TSXV:RYG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Ryan Gold Intersects Significant Gold Mineralisation, Including 50.72 m at 2.04 g/t Gold, at Ida Oro

11/09/2012 4:19pm

Marketwired Canada


Ryan Gold Corp. (TSX VENTURE:RYG)("Ryan Gold" or the "Company") is pleased to
announce significant drill results and metallurgical test results from its 100%
owned Ida Oro Project, located approximately 85km east of Dawson City, Yukon. 


The twenty eight diamond drill hole (7,525 m) program has now been completed at
the Ida Oro property in 2012. Assays have now been received for thirteen of
these holes.


Highlights Include:



--  Hole IO12-016 intersected 8.97 metres grading 2.31 g/t Au from 72.63
    metres. 
    
--  Hole IO12-018 intersected 7.0 metres grading 1.21 g/t Au from 22.00
    metres and 10.00 metres grading 1.17 g/t Au from 133.00 metres. 
    
--  Hole IO12-023 intersected 15.11 metres at 0.75 g/t Au from 243.51 metres
    including 2.55 metres grading 1.17 g/t Au from 245.28 metres. 
    
--  Hole IO12-025 intersected 13.33 metres at 0.80 g/t Au from 172.72 metres
    including 4.91 metres grading 1.48 g/t Au from 172.72 metres. 
    
--  Hole IO12-026 intersected 50.72 metres at 2.04 g/t Au from 113.32 metres
    including 8.77 metres grading 7.01 g/t Au from 140.70 metres. 



Summary of Drill Hole Results - Ida Oro



----------------------------------------------------------------------------
                                                        MINERALISATION      
Drill Hole NORTHING EASTING   AZIMUTH     INCL.   FROM     TO Interval    Au
(#)           (UTM)   (UTM) (degrees) (degrees)    (m)    (m)      (m) (g/t)
----------------------------------------------------------------------------
IO12-012    7116157  372775       345       -45 131.21 142.80    11.59  0.83
----------------------------------------------------------------------------
                                                263.50 267.50     4.00  1.90
----------------------------------------------------------------------------
IO12-013    7116574  372671       345       -45 227.67 231.67     4.00  0.87
----------------------------------------------------------------------------
IO12-014    7117686  372265       165       -55 242.80 248.00     5.20  0.71
----------------------------------------------------------------------------
IO12-015    7115934  372868       165       -45       No Significant Results
----------------------------------------------------------------------------
IO12-016(i) 7116389  372539       345       -50  72.63  81.60     8.97  2.31
                                                128.84 131.74     2.90  5.00
----------------------------------------------------------------------------
IO12-017    7117702  372187       165       -55  61.00  63.00     2.00  0.75
----------------------------------------------------------------------------
                                                 71.00  72.00     1.00  1.03
----------------------------------------------------------------------------
IO12-018(i) 7116389  372539       345       -55  22.00  29.00     7.00  1.21
----------------------------------------------------------------------------
                                                133.00 143.00    10.00  1.17
                            Includes:           138.95 141.15     2.20  3.14
----------------------------------------------------------------------------
                                                262.00 267.92     5.92  1.19
----------------------------------------------------------------------------
IO12-019    7117624  372208       165       -55       No Significant Results
----------------------------------------------------------------------------
IO12-021    7117641  372514       165       -50 146.29 155.54     9.25  1.39
                            Includes:           151.42 155.54     4.12  2.45
----------------------------------------------------------------------------
                                                199.30 203.00     3.70  0.94
----------------------------------------------------------------------------
IO12-023    7117626  372622       165       -50 185.36 188.48     3.12  1.45
----------------------------------------------------------------------------
                                                236.80 237.99     1.19  1.33
----------------------------------------------------------------------------
                                                243.51 258.62    15.11  0.75
                            Includes:           245.28 247.83     2.55  1.17
----------------------------------------------------------------------------
IO12-024    7116574  372671       245       -50  79.45  80.45     1.00  2.21
----------------------------------------------------------------------------
                                                 94.00  95.00     1.00  1.63
----------------------------------------------------------------------------
IO12-025    7117541  372644       165       -50  86.96  88.87     1.91  1.82
----------------------------------------------------------------------------
                                                 98.76 108.59     9.83  1.92
----------------------------------------------------------------------------
                                                172.72 186.05    13.33  0.80
                            Includes:           172.72 177.63     4.91  1.47
----------------------------------------------------------------------------
                                                211.71 214.91     3.20  0.82
----------------------------------------------------------------------------
                                                228.90 230.15     1.25  17.1
----------------------------------------------------------------------------
IO12-026    7117568  372534       165       -50   3.00  22.91    19.91  0.73
----------------------------------------------------------------------------
                                                 45.47  71.06    25.59  1.01
                            Includes:            47.45  52.41     4.96  1.93
----------------------------------------------------------------------------
                                                113.32 164.04    50.72  2.04
                            Includes:           140.70 149.47     8.77  7.01
----------------------------------------------------------------------------
                                                211.18 223.05    11.87  2.03
                            Includes:           219.00 223.05     4.05  3.57
----------------------------------------------------------------------------



(i) Hole ID012-18 is a redrill of Hole ID012-16 at a steeper angle. Hole 16 was
abandoned at 138.68 m depth. A top and bottom cut-off of 41 g/t Au and 0.20 g/t
Au was applied respectively as well as a maximum internal dilution of three
metres in calculating grade and widths for specific intervals. All interval
widths are down hole widths.


In addition to the gold mineralisation encountered in these thirteen diamond
drill holes, two holes encountered significant silver (Ag) mineralisation.
IO12-014 intersected 4.63 m grading 43.12 g/t Ag from 38.65 metres. IO12-017
intersected 9.5 m at 132.1 g/t Ag from 133.5 metres. Both of these holes are
located in the IO North area on the property, and were drilled as 100 m and 200
m step outs to the west from the main ridge. Future work will be needed to
better define the significance and potential of this silver mineralisation at
Ida Oro. 


A total of 28 diamond drill holes were completed during the 2012 season, and
assays from the remaining 15 holes will be released once they have been
received. The Company is very encouraged by the results received from the 2011
and 2012 programs to date. Large low-grade gold intersections and smaller
high-grade gold intersections have now been discovered on the property and
remain open to depth and to the east and west. The 2012 drilling has highlighted
several important structural features that play a role in the distribution of
gold. In 2012 gold mineralisation has been found in porphyry style vein sets in
intrusive rock in Io North, which has broadened the scope of exploration beyond
the metasediments, which were originally considered as the hosts for gold
mineralisation. 


After receiving all data the Company will begin to formulate plans for the 2013
summer exploration season. 


Drill holes this season were placed into three distinct areas of the Ida Oro
property: Io North (16 holes), Europa (9 holes), and Ganymede (3 holes). Please
see attached plan map (http://file.marketwire.com/release/ryg_0911.jpg). The
seven holes from this release that are located in the IO North Zone, (IO12-014,
17, 19, 21, 23, 25, and 26) have extended known mineralisation over 400 m width
at surface. The Io North Zone remains open at depth and to the west and east.
The Company is waiting on results from nine additional holes that were drilled
in the Io North Zone. 


The six holes from this release that are located in the Europa Zone, (IO12-012,
13, 15, 16, 18, and 24) have extended known mineralisation 400 m east-west and
500 m south. The Europa Zone remains open at depth and to the west and east. The
Company is waiting on results from three additional holes that were drilled in
the Europa Zone. 


The Company completed three drill holes on the Ganymede the southernmost soil
anomaly on the Ida Oro property, which until this summer was untested by
drilling. The Company is waiting for results from these drill holes. 


QA/QC 

To date 5062 drill core samples have been sent for geochemical analysis. Drill
cores for assaying were taken at a maximum of three metre intervals in the
weathered zone, but predominantly at 1 metre intervals. Drill core was cut with
a diamond saw with one-half of the core placed in sealed plastic bags. Sealed
plastic sample bags were placed in a security sealed bag and delivered to ALS
Chemex ("ALS Chemex") in Whitehorse, Yukon Territories. Here the entire sample
was crushed passing minus 2mm, from which a 250g split of the crushed sample was
pulverized passing minus 75 micron. Pulp samples of 100g were shipped to ALS
Chemex Vancouver where the samples were analysed for gold by fire assay using a
50g aliquot with an ICP finish. An additional 0.5g sample analysed by aqua regia
digestion was analysed for gold and an additional 51 elements with an ICP-MS
finish. 


As part of the Company`s QA/QC procedures, internationally recognised standards,
duplicates and blanks were inserted into the sample batches. ALS Chemex is an
ISO 9001 registered laboratory and has a quality control program in place which
includes the insertion of standard, blank, and duplicate samples, as well as
conducting repeat analyses.


Metallurgy Results 

Metallurgical results have been received from sample material submitted from the
2011 diamond drilling at Ida Oro. Two composite samples were taken from drill
holes in the Io North Zone, one of 23.70 kg with a low grade of 0.2 to 0.7 g/t
Au ("Composite A") and a second of 23.90 kg with a medium grade of 0.5 to 1.0g/t
Au ("Composite B"). The results from this test work are summarized below:




--  The head assay of the composite A & B was 0.62g/t and 0.74g/t of gold
    respectively. 
    
--  Gravity separation test recovered 12.3% and 32.1% of the gold from
    composite A & B to a concentrate grading 61.0g/t and 193g/t of Au. 
    
--  All whole ore leach tests produced gold recoveries ranging between 69.4%
    and 74.4%. The cyanide consumptions ranged between 0.50 kg/t and
    0.69kg/t which is considered as low. The average lime consumption is
    0.61 kg/t and considered as low. 
    
--  The leach test results of gravity tailings indicate that gold is
    amenable to be recovered by cyanide leach. Leach on available gravity
    tails produce 63.6% and 69.1% gold stage recovery of composite A & B,
    while finer grinds (80% passing at 43 micrometers and 50 micrometers)
    improved gold recovery to 74.2% and 76.4% for composite A & B 
    respectively. 
    
--  The combined gravity and cyanidation, gold recovery was 77.3% and 83.9%
    for composite A & B respectively, while the direct cyanidation gold
    recovery is 74.4% and 70.3%. The gold extractions are considered good
    and there is an indication the flow sheet would benefit with the
    inclusion of a gravity recovery circuit. 
    
--  The average cyanide and lime consumptions were 0.56 kg/t and 0.57 kg/t
    respectively and are considered low. 



The test work was completed by SGS Canada at their facility in Vancouver. These
early stage metallurgy results have proven encouraging for the Project. 


The exploration program is supervised by Andy Randell, Acting Chief Geologist of
Ryan Gold. Ian Gendall, Pr.Sci.Nat., is providing his expertise as the qualified
person within the definition of that term in NI 43-101. Mr. Gendall has also
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 470,000 hectares comprised of 80 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. In 2011 the Company
completed an 11 hole drill campaign for a total of 2,854 m. The Company is
presently completing drill programs on the Ida Oro and Flume Properties, as well
as systematically exploring a number of its other properties.


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.


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