Miners look to benefit twice from geothermal rights leases

In Canada, Rye Patch Gold Corp. says it has leased the geothermal rights on its 100% owned Wilco gold project to Wilco Energy LLC, a non-related company. Rye Patch controls geothermal rights on a portion of the Wilco property adjacent to the Colado gold/silver resource area located in sections 25 and 35 along the western portion of the Wilco property. William C. Howald, Rye Patch’s CEO and President stated, “While gold and silver remain Rye Patch’s focus, this is an example of how the company is looking for innovative ways to create additional shareholder value from its property portfolio.” He added that Rye Patch expects to use the information generated by the geothermal exploration program to augment and assist its gold and silver exploration program on the property. Drilling in the Colado area has encountered warm to hot water in a majority of the drillholes with temperatures topping 100 degrees Celsius in several drillholes.