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Rye Patch Hits at Gold Ridge

Vancouver, British ColumbiaJanuary 6, 2016 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces completion of drilling and assay results for its 100% owned Gold Ridge project located along the Oreana trend in Pershing County, Nevada.

The drill program focused along a 2.2 kilometre, north-south oriented structural zone associated with a fold and thrust system.  The style of mineralization appears similar to and along strike with the Florida Canyon mine located 16 kilometres to the north.  The folded sediments host gold and silver mineralization along the axial plane of the anticline and within low-angle structural zones (thrust faults).

The drill program tested the limbs and axial zone of the anticline with 18 of the 24 drillholes intersecting significant mineralization.  A total of 2,420 metres (7,940 feet) was completed in this drill campaign.  The mineralization is open to the north and south with a follow-up drill program planned as part of the larger Plan of Operations permit that is in progress.

Highlights:

  • GR-027 tested the west side in the southern portion of the anticline and cut 1.16 g/t AuEq. over 42.7m including 3.28 g/t AuEq over 7.6m;
  • GR-032 tested the west limb in the northern portion of the anticline and intercepted 0.91 g/t AuEq over 18.3m with the drillhole ending in mineralization;
  • 75% of the drillholes encountered significant gold and silver mineralization;
  • Two target areas are showing good potential and continuity along the zone; and
  • Structural style, alteration, and precious metal content look similar to the nearby Florida Canyon mine.

Two target areas are showing good potential and continuity along the zone.  The northern target has a strike length of 800 metres and is characterized by outcrops of jasperoid breccia with fragments of quartz vein and jasperoid in an iron rich matrix. The amount of quartz-vein fragments has a relationship with higher gold and silver grades than breccia with jasperoid fragments only.  Sedimentary rocks consisting of limestone and black mudstone are inter-bedded and folded in to a large anticline overlying a major thrust fault.  The west limb is over steepened with the hinge zone exposed at the surface and providing the structural preparation to host gold and silver.  At North target, mapping shows a repetition of the mineralized zone.  Drillholes GR-045, GR-046 and GR-047 targeted a jasperoid zone beneath the outcropping mineralization. Multiple mineralized intervals were intercepted in two drillholes and indicates upside potential for multiple, stacked zones of gold and silver.

The South target area is approximately 1.5 kilometres south of the North area and has a surface exposure of 500 metres, where four drillholes intersected significant gold and silver mineralization.  Drillhole GR-027 cut 42.7 metres grading 1.16 g/t AuEq starting at shallow depths.  Limited drilling has been completed on the South target area; however, the zone is open to the south and north along the axial plane of the anticline.

Geologically, the mineralized intervals encountered are within the oxide zone.  However, no metallurgical test work has been completed yet.

Table 1 summarizes the result of the Gold Ridge fall 2015 drill program.

Table 1: Gold Ridge Project – 2015 Drilling Results (cut off 0.2 g/t Au)
Drillhole Remarks Au
g/t
Ag
g/t
AuEq
g/t
Drill hole interval
(m)
From
(m)
To
(m)
TD
(m)
GR-026 South Target 0.45 3.6 0.51 12.2 12.2 24.4 61.0
GR-027 South Target 0.92 14.6 1.16 42.7 9.1 51.8 61.0
Including 2.58 42.1 3.28 7.6 15.2 22.9
GR-028 South Target 0.38 8.8 0.53 42.7 25.9 68.6 106.7
GR-029 South Target 0.52 4.2 0.59 15.2 12.2 27.4 76.2
GR-030 North Target 0.29 1.7 0.32 3.0 21.3 24.4 128.0
GR-030 North Target 0.33 4.3 0.40 7.6 41.1 48.8
GR-031 North Target 0.21 3.4 0.27 10.7 9.1 19.8 91.4
GR-031 North Target 0.21 4.0 0.28 18.29 24.38 42.67
GR-031 North Target 0.54 7.5 0.67 16.8 53.3 70.1
GR-032 North Target 0.25 2.3 0.29 4.6 41.1 45.7 121.9
GR-032 North Target 0.62 17.3 0.91 18.3 53.3 71.6
GR-032 North Target 0.30 3.1 0.35 35.1 86.9 121.9
GR-033 North Target 0.45 12.1 0.65 3.0 54.9 57.9 170.7
GR-033 North Target 0.20 3.2 0.25 6.1 80.8 86.9
GR-034 North Target 0.37 8.2 0.51 16.8 64.0 80.8 153.9
GR-034 North Target 0.44 8.7 0.59 12.2 86.9 99.1
GR-034 North Target 0.25 1.6 0.28 4.6 112.8 117.3
GR-035 North Target 0.33 2.8 0.38 12.2 71.6 83.8 99.1
GR-036 North Target NSA 61.0
GR-037 North Target 0.24 4.4 0.31 3.0 33.5 36.6 91.4
GR-038 North Target NSA 76.2
GR-039 North Target NSA 61.0
GR-040 North Target 0.38 4.5 0.46 3.0 56.4 59.4 99.1
GR-041 North Target NSA 71.6
GR-042 North Target 0.21 3.8 0.27 3.0 129.5 132.6 167.6
GR-043 North Target NSA 102.1
GR-044 North Target 0.28 0.4 0.29 3.0 27.4 30.5 91.4
GR-045 North Target 0.35 6.4 0.46 27.4 27.4 54.9 91.4
GR-045 North Target 0.47 9.3 0.63 7.6 61.0 68.6
GR-046 North Target NSA 106.7
GR-047 North Target

1.09

6.1

1.19 4.6 29.0 33.5 91.4
GR-047 North Target

0.24

7

0.36 16.8 50.3 67.1
GR-047 North Target

0.65

6.2

0.75 13.7 77.7 91.4
GR-048 North Target

0.28

17.7

0.58 3.0 96.0 99.1 147.8
GR-049 North Target

0.66

13.2

0.88 6.1 74.7 80.8 91.4

AuEq = Au + Ag/60
Drillhole interval is not true thickness

William Howald, the Company’s President and CEO stated, “The 2015 drilling program extends the mineralization drilled in 2014 at the North target along strike and at depth.  Management believes that Gold Ridge property has significant potential for a bulk-tonnage, low-grade gold and silver deposit.  The two established targets are located less than 2 km west of the Lincoln Hill resource area, and the 2015 assay results establish the Gold Ridge project as a valuable asset and a prospective source of additional gold and silver for our Lincoln Hill resource project.  While additional drilling and work are required to establish resources at the Gold Ridge deposit, these results are very encouraging.”

Rye Patch US maintains a strict quality control program at all of its projects. All reverse circulation drill samples are submitted to American Assay with prep-blanks, assay blanks, and gold and silver standards.  Rye Patch US inserts approximately one quality control or quality assurance sample for every ten samples submitted to the assay laboratory.  The reverse circulation character samples are logged and photographed on site. American Assay collects the drill samples and transports them to their preparation and analytical facility located in Reno, Nevada.  Gold analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods with an ICP finish.  Gold values above 10 g/t gold (over limits) are confirmed using fire assay with a gravimetric finish.  Silver is analyzed using a two-acid digestion and an ICP finish.  Silver values are re-analyzed with a four-acid digestion and ICP finish on all samples with gold values greater than a 0.2 g/t gold assay result.  Silver values over 100 g/t silver are re-analyzed using volumetric dissolution.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

January 6th, 2016|

Rye Patch Amends Patty Agreement with Barrick and Provides Update

Vancouver, British ColumbiaDecember 18, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce that it has re-negotiated and amended (the First Amendment) the Annual Exploration Expenditure with the Barrick, McEwen Mining, and Chapleau Resources (the Barrick Group). The old and new Annual Exploration Expenditure are summarized below. The First Amendment allows for an additional year to complete the US$5-million Exploration Expenditure obligation outlined in the October 18, 2011, Exploration, Development and Mine Operating Agreement.

Year Old Annual Exploration Expenditures New Annual Exploration Expenditures New Aggregate Expenditures
December 31, 2012 $500,000 $500,000 $500,000*
December 31, 2013 $700,000 $700,000 $1,200,000*
December 31, 2014 $850,000 $850,000 $2,050,000*
December 31, 2015 $1,450,000 $800,000 $2,850,000*
December 31, 2016 $1,500,000 $1,000,000 $3,850,000
December 31, 2017 $1,150,000 $5,000,000

* Commitment met

“The Patty project is a high risk, high reward venture that requires thorough and rigorous geologic input before each drillhole is permitted and started. The protracted permitting process in the area doesn’t allow Rye Patch much flexibility, so when a target does not pan out as envisioned, changing the drill strategy in mid-stream is not an option.

We greatly appreciate our partners allowing us the additional year to complete the earn-in so we can concentrate on making a new discovery at Patty”, stated William Howald, the Company’s President and CEO.

The 2015 drill program focused on two areas, Indian Creek and Goldrush. The targets were selected using geologic mapping, detailed geologic cross sections, geophysical interpretation, and in-house knowledge of Carlin-style deposits.

The Company selected flooded reverse circulation drilling as the method to complete the proposed drillholes because of its ability to provide quality, uncontaminated sample material for assay. Barrick supported the recommendation based on their experience at Goldrush. The drilling method presented several technical challenges, including retrieving a high quality sample from the deep drillholes.

A total of 1,905 metres (6,250 feet) was completed in three flooded-reverse-circulation drillholes at the Indian Creek target. Based on geologic logging and geochemistry, the drillholes did not reach the lower-plate target horizon, and a review of the geologic model is in progress to re-assess key elements in the Indian Creek target.

The Goldrush target was not drilled because the three holes at Indian Creek went over budget. Challenging ground conditions and the learning curve associated with a new drilling method along with increased costs for materials and mud caused the budget overage.

RP-009 is a vertical drillhole completed to a depth of 762 metres (2500 feet). The proposed target was lower-plate lithologies in a postulated rollover anticline associated with a high-angle fault. The drillhole finished in upper plate rocks. Geochemical analysis returned a strong arsenic anomaly near the bottom of the drillhole starting at 700 metres (400-1500 ppm As) suggesting the presence mineralization at deeper levels than initially targeted.

RP-010, also vertical, was drilled to 686 metres (2250 feet). The target was the lower-plate sequence and intersecting high-angle faults (possible feeders). The drillhole never left the upper-plate lithologies; however, anomalous low-level gold was intercepted. This drillhole was converted to a water monitoring well for Barrick’s Goldrush deposit located roughly 15 kilometres to the north.

RP-011 is an angle drillhole (Azimuth 270 and dip 55) completed to a depth of 457 metres (1,500 feet).  The drillhole remained in upper-plate lithologies its entire length.

Rye Patch Gold US Inc. maintains a strict quality control program at all of its projects. All drill samples are submitted to American Assay with assay blanks and gold and silver standards. Rye Patch inserts approximately one quality control sample for every ten samples submitted to the assay laboratory. The reverse circulation character samples are logged and photographed on site. Rye Patch Gold US Inc. collected the samples and transported them to one of American Assay’s preparation facilities located in either Elko or Reno, Nevada. American Assay performed all analysis at their analytical facility located in Reno, Nevada. Gold analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods with an ICP finish. Gold values above 10 g/t gold are confirmed using fire assay with a gravimetric finish. Silver is analyzed using a two-acid digestion and an ICP finish. Silver values are re-analyzed with a four-acid digestion and ICP finish on all samples with silver values greater than 10-g/t silver. Silver values over 100 g/t silver are re-analyzed using volumetric dissolution.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

December 18th, 2015|

Rye Patch receives $1,462,300 quarterly royalty payment

Vancouver, British Columbia, October 29, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that it has received its third quarterly royalty payment for 2015 of CDN$1,462,300 (USD$1,125,340) from its Net Smelter Return royalty on the Rochester mine located along the Oreana trend in Pershing County, Nevada.

Since the beginning of 2015, the Company has received CDN$4,802,300 in royalty payments — CDN$1,850,000 in Q1 plus CDN$1,490,000 in Q2 plus CDN$1,462,300 in Q3 – compared to a total of CDN$4,137,000 received in 2014.

In addition, the Company is pleased to announce that for the period ended September 30, 2015, the Company purchased and cancelled a total of 1,869,000 common shares under its previously announced Normal Course Issuer Bid (“NCIB” or “Share Buy Back”).

As announced on April 29, 2015, Rye Patch may, by allocating up to a maximum of 10% of its quarterly royalty income, commence making purchases of up to a maximum of 7,300,000 common shares, which represents approximately 5% of the Company’s 146,446,746 issued and outstanding common shares as at May 1, 2015.

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

October 29th, 2015|

Rye Patch Begins Drilling Within the Lincoln Hill Resource Complex

Vancouver, British ColumbiaOctober 28, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces the commencement of drilling at it 100% owned Gold Ridge project located within the greater Lincoln Hill gold and silver deposit complex.

The Gold Ridge project, located 1.5 km west of the Lincoln Hill gold and silver resource, is a potential satellite deposit. Past drilling shows near-surface gold and silver mineralized traceable for 6 kilometres in a north-south direction. As reported on September 15, 2014, gold and silver mineralization are associated with a north-south oriented anticline and associated low-angle fault zone. Past drilling in the northern portion of the anomaly returned significant drillhole intersections including 0.67 g/t Au, 28.5 g/t Ag (1.24 g/t AuEq) over 19.8 metres and 1.3 g/t Au, 12.2 g/t Ag, (1.54 g/t AuEq) over 10.7 metres.

(AuEq is a calculated number using the reported gold value in grams per tonne plus the reported silver value in gram per tonne divided by 50)

The drilling program has 12 drillholes totaling 5,000 feet. The Bureau of Land Management (BLM) approved this program under a notice of intent; however, a larger and more encompassing Plan of Operations permit will allow for in-fill drilling and bulk sampling at the Lincoln Hill gold and silver deposit along with in-fill and exploration drilling at Gold Ridge and Independence Hill is pending at this time.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

October 28th, 2015|

Rye Patch Completes Metallurgical Drill Program at Lincoln Hill

Vancouver, British ColumbiaSeptember 15, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces completion of the drilling and assay portion of its phase-2 metallurgical program at the Company’s 100% owned and controlled Lincoln Hill project located in Pershing County, Nevada, adjacent to the Coeur Rochester mine.   Results from the metallurgical test portion of the program will be available in approximately 90 days.

The Phase-1 program was completed and documented as part of the PEA announced on May 21, 2014.   Scheduled for 2016, the phase 3 program will utilize ROM material from a 10 tonne bulk sample blasted from the Lincoln Hill deposit.

The purpose of the phase-2 metallurgical program is to identify various ore characteristics using the following tests: composite identification, comminution, gold distribution analysis, bottle roll analysis, column leaching and acid rock drainage.

William C. Howald, President and CEO, stated, “Now that we have collected sufficient material to perform the feasibility-level metallurgical program, the real work begins.  Of most importance will be the completion of a gold distribution analysis that will identify the relationship between size fraction and gold liberation.  The distribution analysis will assess whether crushing will liberate more gold per tonne of ore versus the run-of-mine (“ROM”) recoveries assumed in the Preliminary Economic Assessment (“PEA”) release in May 2014.  Positive results could have a significant upside impact on the deposit economics which are already economically robust.”

Results from the metallurgical drilling program are summarized in the following table.

Table 1: Lincoln Hill Metallurgical Drillhole Gold and Silver Assay Composites  (0.2 g/t AuEq Cutoff)
Drillhole
ID
Au
g/t
Ag
g/t
AuEq
g/t
Interval
Metres
From
Metres
To
Metres
Total Depth
Metres
LHC-010 0.057 14.6 0.4 5.0 6.7 11.7 197.0
LHC-010 0.200 10.2 0.4 5.4 17.0 22.4
LHC-010 0.603 18.4 1.0 8.7 57.1 65.8
LHC-010 0.116 7.0 0.3 8.1 106.1 114.2
LHC-010 0.147 6.0 0.3 7.6 162.9 170.5
LHC-011 0.410 5.9 0.5 7.4 18.8 26.2 197.0
LHC-011 0.085 16.0 0.4 2.3 158.2 160.5
LHC-012 4.372 22.8 4.8 16.2 18.8 35.0 250.6
Including 53.300 162.0 56.5 1.2 25.0 26.2
LHC-012 0.073 19.0 0.5 28.7 163.6 192.3
LHC-012 1.229 322.8 7.7 2.0 192.3 194.3
LHC-012 0.459 29.3 1.0 15.7 194.3 210.0
LHC-012 1.470 2.8 1.5 5.1 216.7 221.8
LHC-013 0.437 4.3 0.5 7.9 22.4 30.3 182.1
LHC-013 0.308 1.2 0.3 11.2 68.2 79.4
LHC-013 0.330 17.2 0.7 3.1 93.0 96.1
LHC-013 0.121 22.1 0.6 6.0 100.6 106.6
LHC-013 0.060 12.7 0.3 9.1 116.7 125.8
LHC-014 0.380 6.0 0.5 4.5 16.7 21.2 29.1
LHC-014A 5.453 21.3 5.9 20.0 26.1 46.1 64.5
Including 168.000 84.0 169.7 0.6 36.9 37.5
LHC-014A 0.583 4.4 0.7 14.2 50.3 64.5
AuEq = Au + Ag/50
Drillhole interval is not true thickness

Completed on July 22, 2015, the diamond-drilling portion of the phase-2 metallurgical test program consisted of six drill holes (LHC-010 through LHC-014A) and totaled 920 metres of PQ and HQ core. Core holes LHC-010 and LHC-011 targeted the eastern side of the deposit, drillhole LHC-012 targeted the center portion, and drill holes LHC-013, LHC-014 and LHC-014A tested the western side.   A total of 10.8 tonnes (11.9 tons) of material was collected.

Based on the above reported assay values and rock characteristics, six composites will be assembled and used for the metallurgical program.  The composites will be based on two grade classes and three rock types. A high-grade and a low-grade composite will be prepared for each rock type.

Eighteen bottle rolls testing three feed sizes for the high-grade and low-grade composites.  The feed sizes will be minus two inch, 3/8 inch and 200 mesh.  Column testing will include 6 columns with one series of columns for each feed size in the high-grade category, and a second series of three for the low-grade category.

The comminution testing will include crusher work index and abrasion index.  These tests will be performed on each rock type to identify power and steel consumption.

Acid rock drainage testing will be conducted on the three different column sizes.  The testing, based on the meteoric water mobility procedure (“MWMP”) as outlined by the Nevada Department of Environmental Protection, will include acid based accounting (ABA), humidity cell testing and Profile 1 analyses including WAD cyanide at bi-weekly intervals.

Rye Patch Gold US Inc. maintains a strict quality control program at all of its projects. After logging and photographing, the core was delivered to McClelland Laboratories in Sparks, Nevada.  McClelland processed the core for assaying and will assemble the composites for the metallurgical program described above.

All drill samples were submitted to McClelland Laboratories with assay blanks and gold and silver standards.  Rye Patch inserts one quality control sample for every ten samples submitted to the assay laboratory. McClelland Laboratories performed all analysis at their analytical facility located in Sparks, Nevada. Gold analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods with an ICP finish.  Gold values above 10 g/t gold are confirmed using fire assay with a gravimetric finish.  Silver is analyzed using a two-acid digestion and an ICP finish.  Silver values are re-analyzed with a four-acid digestion and ICP finish on all samples with silver values greater than 10-g/t silver.  Silver values over 100 g/t silver are re-analyzed using volumetric dissolution.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

September 15th, 2015|

Rye Patch Gold Grants Stock Options

Vancouver, British Columbia, August 28, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that the Company has granted stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 1,000,000 common shares of the Company.  The stock options are exercisable for a term of ten years at an exercise price of $0.16 per common share. Vesting will occur over a period of two years, with an initial 25% of the stock options vesting on the sixth month immediately after the date of grant, followed by an additional 25% of the stock options every six months thereafter until fully vested.

About Rye Patch Gold Corp. 
Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company with a royalty revenue stream from the operating Rochester silver mine and significant gold and silver resources, all located in the mining friendly state of Nevada, USA. The Company’s seasoned management team is engaged in the acquisition, exploration, and development of quality resource-based gold and silver projects.  Rye Patch Gold US Inc. controls over 75 square kilometres (30 sq. miles) of land, and has a 3.4 % Net Smelter Return (NSR) royalty from the Rochester silver mine along the Oreana trend located in west-central Nevada.  The Company is aggressively developing gold and silver resources along this emerging trend, utilizing existing funds and cash flow from the NSR royalty which is fully leveraged to the price of gold and silver.  In east central Nevada, Rye Patch Gold US Inc. is exploring 66 square kilometres of exploration land along the prolific Cortez trend contiguous to Barrick’s new Goldrush deposit.  The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

August 28th, 2015|

Rye Patch Arbitrates Q1 2014 Royalty Payment with Coeur

Vancouver, British ColumbiaAugust 11, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that Rye Patch Gold US Inc. (“RPG US”), a wholly owned subsidiary of the Company, has filed a demand for arbitration with Coeur Mining (NYSE:CDE) on the Q1 2014 Net Smelter Return royalty payment (“NSR”) from the Rochester mine.

Rye Patch retained Price Waterhouse Coopers LLP to perform the audit of the 2014 royalty calculation and payments.  Based on the audit, the arbitration calls into question Coeur’s calculation of the Q1 2014 NSR royalty payment.  Coeur collected revenue of US$9.2 million from gold and silver produced and sold in January 2014.  Payment of the 3.4% NSR royalty, which was due to RPG US under its Royalty Agreement, was deficient in the amount of US$313,242.

“After trying to resolve the discrepancy internally with Coeur since April 2014, Rye Patch has no other alternative but to arbitrate for a final resolution,” stated William C. Howald, President and CEO of the Company.

If successful, RPG US will seek relief for the attorney, arbitration, and audit costs plus interest.  Erwin and Thompson LLP are representing Rye Patch Gold US Inc.

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

August 11th, 2015|

Rye Patch receives $1,490,000 quarterly royalty payment

Vancouver, British Columbia, July 16, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that it has received its second quarterly royalty payment for 2015 of CDN$1,490,000 (USD $ 1,213,398) from its Net Smelter Return royalty on the Rochester mine located along the Oreana trend in Pershing County, Nevada.

For the first half of 2015, the Company has received CDN$3,340,000 in royalty payments — CDN$1,850,000 in Q1 plus CDN$1,490,000 in Q2″ compared to a total of CDN$4,137,000 received in 2014.

William C. Howald, the Company’s President and CEO stated, “The royalty income is a welcome source of non-dilutive funding during this turbulent and devalued market. Our ability to drive the Lincoln Hill project forward, continue the search for world-class discoveries along the Cortez trend, and buy shares through the Normal Course Issuers Bid program position the Company for continued, long-term success.”

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

July 16th, 2015|

Rye Patch Purchased and Cancelled 923,500 Common Shares in Q2

Vancouver, British ColumbiaJuly 09, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce that for the period ended June 30, 2015, the Company purchased and cancelled a total of 923,500 common shares under its previously announced Normal Course Issuer Bid (“NCIB” or “Share Buy Back”).

As announced on April 29, 2015, Rye Patch may, by allocating up to a maximum of 10% of its quarterly royalty income, commence making purchases of up to a maximum of 7,300,000 common shares, which represents approximately 5% of the Company’s 146,446,746 issued and outstanding common shares as at May 1, 2015.

William Howald, the Company’s President and CEO stated, “Management believes, and I’m sure investors feel the common shares have been trading at prices far below the underlying value of the Company. By conducting the share buy back, the Company is acting in the best interest of its shareholders by acquiring shares at these low prices.”

The parameters of the NCIB, have been established to ensure that Rye Patch continues to have a healthy treasury, substantial on-going cash flow from the Rochester Royalty and ensure that its current projects and its ability to capitalize on new opportunities remains well funded.

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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

July 9th, 2015|

Rye Patch Starts Feasibility-Level Metallurgical Test Program at Lincoln Hill

Vancouver, British ColumbiaMay 13, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces the commencement of a detailed metallurgical program on its 100% owned and controlled Lincoln Hill project in Pershing County, Nevada.

Objectives:

  • To determine, if crushing may materially increase recoveries from 64% for Gold and 59% for Silver (based on uncrushed Run-of-Mine material PEA May 21, 2014) to a recovery closer to 92% Gold and 61% for Silver – the documented recovery profile at the adjacent Rochester Mine; and
  • To provide data for trade-off studies to optimize crush size, capex, costs and NPV.

Metallurgical Test Program:

  • A total of 18 bottle roll tests and 6 column tests will be initiated from the core material;
  • Drill core will be PQ size (8.5 cm or 3.35 inch) core to maximize the amount of material collected; and
  • The test program is being conducted by McClelland Laboratories in Reno, Nevada.

“Based on the geology and mineralization style, we know the Lincoln Hill gold and silver deposit is similar to the neighboring Rochester mine. The detailed met program will provide metallurgical information that could add tremendously to the project economics making Lincoln Hill even more robust while adding only an incremental amount of capital for a crushing circuit. In other words, the benefit of crushing could be significant on the project NPV”, stated William Howald, the Company’s President and CEO.

Rye Patch Gold is initiating its feasibility-level metallurgical (“Met”) program on the 100% owned and controlled Lincoln Hill project. As announced on May 21, 2014, the Lincoln Hill Preliminary Economic Assessment (PEA) assumed a run-of-mine heap leach operation with no crushing and a recovery rate of 64% for gold and 59% for silver. Using $1350 per ounce for gold and $22 per ounce for silver, the PEA returned a pre-tax IRR of 76.5% and a NPV (5% discount rate) of $64.2-million, and a total cost of $759 per gold equivalent ounce within a $775 gold and $13.56 silver Whittle pit. The low capital expenditure (capex) required to build the mine is estimated at approximately $30 million. Adding a crushing circuit would add an incremental amount to the capex, but could significantly change the project economics.

The met program is designed to identify the relationship between crush size and recovery.  As reported at the adjacent Rochester mine owned by Coeur Mining (NYSE: CDE), recoveries are 92% for gold and 61% for silver (as noted on pages 27 and 28 of Coeur Mining’s Annual Report) when the material is crushed to minus 3/8 inch. The Lincoln Hill gold and silver deposit is within the same geologic units with similar alteration, mineralization style, and gold and silver grades. The thesis being tested is whether crushed Lincoln Hill material will recover in a similar manner. The metallurgical program will test this idea.

The met program will also identify the location and size of the gold and silver particles and recovery at different grade ranges for the Lincoln Hill material. In addition, comminution testing will be completed to estimate the unit costs associated with crushing. Acid rock drainage (ARD) testing will be completed to identify any environmental issues with the Lincoln Hill mineralized material.

The met program consists of 18 bottle roll tests using three different gold and silver grade ranges, and six column tests at three different material sizes and two different gold and silver grades.  Additional metallurgical testing is planned for 2016.

As reported on December 11, 2013, Kappes, Cassidy and Associates completed bottle roll tests and reported recoveries ranging from 76% to 86% for gold, and from 79% to 87% for silver in oxide material.  Sulfide material returned recoveries ranging between 70% and 83% for gold and 50% to 66% for silver.

The metallurgical core drilling program is scheduled to start on May 15, 2015.  Core drilling has been contracted to Major Drilling of Salt lake City, Utah, and metallurgical testing will be completed at McClelland Laboratories in Reno, Nevada.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

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 totalling 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:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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.

May 13th, 2015|