Rye Patch Gold (RPM-V) July 16, '15 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 |
