APPOINTS MICHAEL IANNACCHIONE FLORIDA CANYON MINE GENERAL MANAGER
VANCOUVER, July 12, 2017 /CNW/ - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the "Company" or "Rye Patch") is pleased to welcome Mr. John Mansanti to the Board of Directors, and announces the appointment of Mr. Michael Iannacchione as Mine General Manager of the Florida Canyon mine.
The Company has increased its Board of Directors to five with the addition of Mr. John Mansanti. Mr. Mansanti has almost 40 years of experience in the management of mining operations and projects. He is recognized for his commitment to safety and achieving results through positive work relationships. In addition to eight years experience in the potash industry, Mr. Mansanti has over 30 years of operations and project management experience in precious and base metals, primarily in Nevada. John has worked for Barrick, Placer Dome, Getchell Gold, Newmont, Santa Fe Pacific Gold, Gold Fields Operating Company, Freeport McMoRan and Kennecott. His experience spans all levels of site and corporate operations, from exploration through product sales, including project permitting and compliance.
Mr. Mansanti is a graduate of the Montana College of Mineral Science and Technology with degrees in Chemistry and Mineral Processing Engineering. He has published multiple technical papers and a chapter on potash processing.
Mr. Mansanti is an active member of the Society of Mining, Metallurgy and Exploration (SME) and is the 2017 SME President. While working in Nevada he was also active in the Nevada Mining Association (NMA) and served as the 2006 president of the association. Mr. Mansanti has received multiple awards recognizing his leadership and technical skills.
The Company is very pleased to announce the appointment of Mr. Michael Iannacchione as the new General Manager at the Florida Canyon mine. Mr. Michael Iannacchione has over 30 years of experience in the mining industry, 25 years of which has been at a management level. Mike was the Vice President General Manager for General Moly's Mt. Hope Molybdenum Project, the Operations Manager at Goldcorp's Marigold Mine, Vice President, and General Manager at the Round Mountain Gold Mine, a joint-venture between Barrick Gold Corporation and Kinross Gold Corporation. In addition to his extensive management experience, Mr. Iannacchione has significant front-line experience in mine operations, mine engineering, and safety in the mining industry
During his career, while Mr. Iannacchione has worked primarily in the gold mining industry, he also has experience in base metal and oil shale projects.
Mike graduated from the University of Nevada, Reno with a Bachelor of Science In Mining Engineering in 1982 and is pursuing an Executive MBA at the University of Notre Dame. Mr. Iannacchione is a registered professional engineer in the State of Nevada.
Mr Iannacchione replaces John Porterfield who has acted as General Mine Manager on an interim basis since the Company's acquisition of the Florida Canyon mine. The Company is very grateful for Mr. Porterfield's able assistance during the start-up phase of the mine
The Company wishes to thank Mr. John Porterfield for stepping forward and taking the role of Acting Mine General Manager over the last several months. Mr. Porterfield has done an exemplary job of hiring quality professionals and operators, putting the mine on track and achieving the first gold pour from the new South Heap Leach Pad. Through his efforts the mine is moving forward toward commercial production. John will stay at Florida Canyon to transition with Mr. Iannacchione then return to advancing the Lincoln Hill and Wilco projects.
The Company also announces the grant of stock options to Messrs Mansanti and Iannacchione under the Company's stock option plan and in accordance with the Company's standard vesting provisions to purchase 800,000 common shares at an exercise price of $0.30 per share for a term of five (5) years.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Nevada focused, Tier 1, precious metal mining company engaged in the mining, development and exploration of a 180 square kilometre land package along the prospective Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the Florida Canyon Gold mining operation, Rye Patch now controls a trend-scale platform with mining operations, resource projects and significant exploration potential. The combination of mining and a growth profile along a major Nevada gold trend positions Rye Patch to become an emerging North American mid-tier precious metal producer. For more information, please visit our website at www.ryepatchgold.com.
On behalf of the Board of Directors
William C. (Bill) Howald, CEO & President
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
SOURCE Rye Patch Gold
For further information: Rye Patch Gold Corp, [email protected], Tel.: (604) 638-1588, Fax: (604) 638-1589