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Rhyolite Resources Ltd(RYE-X)
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RHYOLITE IDENTIFIES 3.5 KM OF GOLD MINERALIZED SHEAR ZONE IN THE GUIANA SHIELD GREENSTONE BELT OF SURINAME

Newswire.ca - Mon May 16, 2022

TORONTO, May 16, 2022 /CNW/ - Rhyolite Resources Ltd. (TSXV: RYE) ("Rhyolite" or the "Company") is pleased to announce that its inaugural 3,000-metre diamond core drilling program at the Brothers Project in Suriname has identified a gold mineralized shear zone 3.5 km in length. The shear zone is open on strike at both ends and is open down dip. Highlight assay results include 10 metres (m) of 1.8 g/t gold (Au) in hole BRDD-001, 6m of 4.6 g/t Au in hole BRDD-004, 8m of 2.4 g/t Au in hole BRDD-009, 1m of 20.5 g/t Au in hole BRDD-013. The drill program was completed in late March 2022.

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