Rhyolite Resources Ltd. holds 100% of the Paxson gold project, through its wholly-owned United States subsidiary Paxson Resources USA. The Paxson project is located in the eastern Alaska Range, approximately 50 km southwest of Tok, Alaska. Diamond drilling in 2011 encountered significant gold mineralization in multi-target areas.

Paxson Resources Ltd.

Highlights from the 2011 Diamond Drill Program

Shalosky Zone
Drill Hole From (m) To (m) Interval (m)* Weighted Grade
(g/t Gold)
WG11-01** 56.1 77.1 21.0 1.9
Includes 56.1 59.1 3.0 7.2
Includes 70.1 71.8 1.7 6.3
And 97.5 99 1.5 2.7
 
WG11-02** 88.3 111.4 23.1 3.5
Includes 90.4 103.6 13.2 5.4
 
WG11-03 112 113.7 1.7 0.9
And 118.2 120.2 2.0 1.6
And 131.4 231.5 100.1 1.0
Includes 193 210.8 17.8 1.9
Includes 221 231.5 10.5 2.5
 
WG11-04 85.8 99.1 13.2 2.2
Includes 85.8 91 5.2 4.5
Includes 85.8 86.9 1.1 13.7
 
WG11-11 65.5 79.4 13.9 1.0
Includes 76.9 78.8 1.9 4.8
 
WG11-12 107.6 176.6 69.0 1.7
Includes 139.6 153.3 13.7 3.0
 
WG11-13 178.9 189 10.1 2.1
Includes 182.4 185.7 3.3 3.2
 
WG11-14 No Significant Values -- failed to reach target depth for hole WG11-13 Intercept.

The Hi-Low Zone
Drill Hole From (m) To (m) Interval (m)* Weighted Grade
(g/t Gold)
WG11-05** 19.5 21.9 2.4 3.2
And 26.9 54.3 27.4 1.9
Includes 38.7 52.3 13.6 3.4
Includes 40.2 43.0 2.8 14.2
         
WG11-06 31.7 37.2 5.5 4.2
Includes 35.0 37.2 2.2 8.6

The Hunter Zone
Drill Hole From (m) To (m) Interval (m) Weighted Grade
(g/t Silver)
WG11-10 13.4 17.3 3.9 256.1
Includes 14.6 15.5 0.9 963.0
And 22.2 22.9 0.7 14.1
And 30.8 31.4 0.6 12.4


Newsletter Sign Up

Would you prefer our RSS Feed?

Corporate
Presentation

Project
Factsheet