Ryan Gold Corp.

Ryan Gold Corp.

January 28, 2011 08:00 ET

Ryan Gold Defines a Significant Gold-In-Soil Anomaly During the Initial Exploration Program on its Ida Oro Property in the Yukon Territory

TORONTO, ONTARIO--(Marketwire - Jan. 28, 2011) - Ryan Gold Corp. ("Ryan Gold" or the "Company")(TSX VENTURE:RYG), is pleased to announce 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. The attached figure shows the compilation of gold in soils for 6,705 samples (1,215 samples collected in earlier campaigns) collected at a 50 m sample spacing along 100 m spaced lines (http://media3.marketwire.com/docs/ryanGold.JPG). 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.

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. 

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.

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