| Rye Patch Announces Filing of NI 43-101 Technical Report on the Florida Canyon Mine Project | |
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Vancouver, British Columbia, July 8, 2016 - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the 'Company' or 'Rye Patch') is pleased to announced that it has completed a technical report prepared in accordance with National Instrument 43-101 ('NI 43-101') on the Florida Canyon Mine Project. The filing of this technical report supports the disclosure made by the Company in its news release on May 25, 2016 entitled 'Rye Patch Signs Agreement to Acquire Florida Canyon Gold Mine and Commitment Letter for a US$27 Million Credit Facility for Mine Restart'.
The technical report is entitled 'Technical Report - Preliminary Economic Assessment for the Florida Canyon Mine, Pershing County, Nevada USA' effective March 16, 2016, dated April 18, 2016 and revised June 22, 2016 and was prepared by an independent 'Qualified Person' (as that term is defined in NI 43-101) Neil B. Prenn (P. Eng) of Mine Development Associates.
The technical report will be available today on both SEDAR (www.sedar.com) and the Company's website (www.ryepatchgold.com).
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totaling over 100-million ounces of gold. The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Company's strategy is to balance development and exploration risk, creating value by:
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Advancing the Lincoln Hill project toward production;
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Pursuing a world class discovery - Garden Gate and Patty - contiguous to and on strike with Barrick's Goldrush deposit; and
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Seeking new project opportunities and accretive transactions.
The Company's cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
'William Howald'
William C. (Bill) Howald, CEO & President
For additional information contact: Rye Patch Gold Corp
[email protected] Tel.: (604) 638-1588 Fax: (604) 638-1589
Neither 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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Rye Patch Gold Corp.
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EXPLORATION STAGE |
CODE : RPM.V |
ISIN : CA7837271005 |
CUSIP : 783727 10 0 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rye Patch Gold is a gold exploration company based in Canada. Rye Patch Gold holds various exploration projects in USA. Its main exploration properties are LINCOLN HILL, JESSUP, WILCO, GARDEN GATE PASS and GOLD RIDGE NEVADA in USA. Rye Patch Gold is listed in Canada. Its market capitalisation is CA$ 410.5 millions as of today (US$ 318.7 millions, € 273.4 millions). Its stock quote reached its lowest recent point on February 20, 2009 at CA$ 0.10, and its highest recent level on January 19, 2018 at CA$ 1.66. Rye Patch Gold has 387 300 000 shares outstanding. |