VANCOUVER, July 8, 2016 /CNW/ - 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.
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 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]tchgold.com, Tel.: (604) 638-1588, Fax: (604) 638-1589