Rye Patch Gold Corp (CVE:RPM) reports that it has leased the geothermal rights on 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. (Bill) Howald, the Company’s CEO and President of Rye Patch says:

“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. In concert with Wilco Energy LLC, the Company will have the ability to use the information generated by the geothermal exploration program to augment and assist its gold and silver exploration program at Wilco. The successful delineation of a geothermal field would give the Wilco project the ability to capitalize on the availability and utility of ‘Green Energy’ to supply a potential mining operation as well as providing Rye Patch with royalty revenue to supplement future exploration programs in Nevada.”

For complete news release, click here.

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